Cheap Apartments for Rent in the Rainbow Meadowood Neighborhood of Greensboro, NC from $400 (70 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Rainbow Meadowood area of Greensboro.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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YorkTowne Apartments
Rent Specials
$950 - $1,450
Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,450
Total Monthly Price
$950 - $1,450
1 to 3 Bedroom Apartments Available Now

YorkTowne Apartments

3601 Lynhaven DrGreensboro, NC 27406
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 1408 Town St

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095
Total Monthly Price
$1,095

3 Bedroom, 1 Bath Home for Rent

Available Now

1408 Town St

GreensboroNC27407
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Mendenhall Square
Rent Specials
$1,099 - $1,199
Total Monthly Price

Total Monthly Price

Base Rent
$1,099 - $1,199
Total Monthly Price
$1,099 - $1,199
1 to 2 Bedroom Apartments Available Now

Mendenhall Square

512 S MendenhallGreensboro, NC 27403
Affordability
  • Verified
  • Utilities Included
  • Smoke Free

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Colts Run Apartments
2 Bedroom Apartments

Colts Run Apartments

2611 Merritt DrGreensboro, NC 27407
  • Utilities Included
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The Heights Townhomes
2 Bedroom Apartments

The Heights Townhomes

3802 Overland HtsGreensboro, NC 27407
  • Utilities Included
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Oakwood Apartments
2 Bedroom Apartments

Oakwood Apartments

3739-3755 Oakwood DrGreensboro, NC 27407
  • Utilities Included
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3936 McIntosh St
3 Bedroom Apartments

3936 McIntosh St

3936 McIntosh StGreensboro, NC 27407
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The Inn at Greensboro
Studio to 2 Bedroom Apartments

The Inn at Greensboro

1000 W Market StGreensboro, NC 27401
Student Housing
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Spring Manor Apartments
2 to 3 Bedroom Apartments

Spring Manor Apartments

400 W Meadowview RdGreensboro, NC 27406
  • Utilities Included
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Bella Vista Apartments
2 Bedroom Apartments

Bella Vista Apartments

1827-1843 Merritt DrGreensboro, NC 27407
  • Utilities Included
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Juniper Ridge I
1 to 2 Bedroom Apartments

Juniper Ridge I

2904-2914 W FloridaGreensboro, NC 27407
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3838 West Ave
2 Bedroom Apartments

3838 West Ave

3838 West AveGreensboro, NC 27407

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Rainbow Meadowood, Greensboro, NC Local Guide

Cheapest Available Rainbow Meadowood Apartments for Rent

 

The cheapest available apartment rental in the Rainbow Meadowood area of Greensboro, NC is a 1 Bed unit found at Pepper Tree Apartments priced from $865. Legacy Pointe Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Rainbow Meadowood apartments for rent in Greensboro, NC:

Apartment ListingModel NameBed/BathPriced From
Pepper Tree Apartments1BR/1BA1BR,1BA$865
Legacy Pointe Apartments1 Bed, 1 Bath1BR,1BA$875
Retreat at Copper Creek - SMP1X1 Winston1BR,1BA$925
Cross Creek1 Bedroom1BR,1BA$925
Nottingham1 Bed / 1 Bath1BR,1BA$925
3838 West Ave2 Beds, 1 Baths2BR,1BA$950
YorkTowne Apartments1x1 7561BR,1BA$950
Cedar TracePrimrose1BR,1BA$965

Best Value Apartments for Rent in Rainbow Meadowood, NC

As of July 12, 2026 the best value apartment in the Rainbow Meadowood area is the $0.84 price per square foot 407 Warren St Model at 407 Warren St, Unit A in the in the College Hill neighborhood starting from $1,350. The second greatest value Rainbow Meadowood apartment is the The Bradford (Stand Alone) Model at WestVue starting at $810 with a $0.59 price per square foot in the Madison Woods neighborhood. Here is today’s list of the best values for Rainbow Meadowood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
407 Warren St, Unit A407 Warren St2BR,1BA$0.84
WestVueThe Bradford (Stand Alone)2BR,2.5BA$0.59
Spring Garden Station4 Bedroom4BR,4BA$0.55
600 Station Square Apartments2BR2BR,2BA$1.16
Reynolds Place Apartments: 1 MONTH OFFAthena Premium2BR,2BA$1.34
2909 Spring Garden St, Unit 2909-B2909 Spring Garden St2BR,2BA$1.02
Juliet Place Apartment Homes1 Bed 1 Bath1BR,1BA$1.37
YorkTowne Apartments1x1 7561BR,1BA$1.26
The Heights Townhomes2x12BR,1BA$1.39
Legacy Pointe Apartments1 Bed, 1 Bath1BR,1BA$1.34

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Best Local Schools in
Rainbow Meadowood, Greensboro, NC

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers is happy to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Greensboro. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, places to raise kids, raising pets, transit options, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Rainbow Meadowood Apartments

What is a cheap apartment in Rainbow Meadowood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Rainbow Meadowood is under $965.

What is the price of a cheap apartment in Rainbow Meadowood?

The cheapest apartment in Rainbow Meadowood is Pepper Tree Apartments which is listed at $865, while the average apartment in Rainbow Meadowood costs $2,625.

What types of apartments are the cheapest in Rainbow Meadowood?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 53 regular apartments in Rainbow Meadowood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Rainbow Meadowood?

Cheap apartments in Rainbow Meadowood have an average cost of $476 which is $2,149 cheaper than the average rent for all rentals in Rainbow Meadowood.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Where to Rent in Greensboro: Top Affordable Neighborhoods for Families and Singles

Written by: Catrina Cowart

Hello again, everyone. I'm Catrina, and I'm your ApartmentHomeLiving.com Local Expert for Greensboro, North Carolina.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.