Cheap Apartments for Rent in Winston-Salem, NC from $300 (319 Rentals)

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Search the lowest-cost Apartments available for rent right now in Winston-Salem.

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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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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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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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Winston-Salem, NC Local Guide

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Cheapest Neighborhoods for Apartments in Winston-Salem, NC

Pricing Updated: 05/17/2026

Current apartment rentals in the Winston-Salem, NC area range in price from $386 to $3,954 with an overall median price of $1,760. The three Winston-Salem neighborhoods with the lowest median rent pricing are Easton at $650, Southeast Winston Salem at $650, and Waughtown at $650. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Winston-Salem Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Easton$850$65015
Southeast Winston Salem$850$65018
Waughtown$850$65016
Parkview$1,043$79517
Salem Gardens$1,043$82516
Belview$1,245$43027
Konnoak$1,300$69541
South Park$1,325$43033
South Winston Salem$1,340$78512
British Woods$1,350$43055

Cheapest Available Winston-Salem Apartments for Rent

 

The cheapest available apartment rental in Winston-Salem, NC is a 1 Bed unit found at Pegram Landing II in the Shallowford Reserve neighborhood priced from $386. Hunt Park Senior Apartments in the Northeast Winston Salem neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $694. Here is today’s list of the most affordable Winston-Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pegram Landing IIOne Bedroom1BR,1BA$386
Hunt Park Senior Apartments1 Bedroom1BR,1BA$694
Northwood Apartments1 Bedroom, 1 Bath1BR,1BA$740
Countryside Gardens1 Bed / 1 Bath1BR,1BA$750
SHATTALON TERRACE APARTMENTSSHATTALON TERRACE APARTMENTS - 3-G1BR,1BA$750
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$785
Bethabara Garden Apartments1BR/1.0BA1BR,1BA$795
The View at 50101 Bedroom 1 Bath - A1BR,1BA$820
Plaza South Apartments1BR/1BA WITHOUT W/D CONNECTIONS1BR,1BA$825

Best Value Apartments for Rent in Winston-Salem, NC

As of May 18, 2026 the best value apartment in the Winston-Salem area is the $1.03 price per square foot 222 W End Blvd Model at 222 W End Blvd, Unit 222 in the in the East Winston neighborhood starting from $1,440. The second greatest value Winston-Salem apartment is the TH-2B15BR Model at Townhomes at Little Creek starting at $1,199 with a $0.98 price per square foot in the West Winston Salem neighborhood. Here is today’s list of the best values for Winston-Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
222 W End Blvd, Unit 222222 W End Blvd2BR,2BA$1.03
Townhomes at Little CreekTH-2B15BR2BR,1.5BA$0.98
Morgan Place Apartments2BR - 1.5BTH TH R2BR,1.5BA$0.99
Twin City Townhomes2 Bedroom2BR,1.5BA$0.92
Villas at VineyardVV-2B2BP2BR,2BA$1.11
The Village at Heather HillsHeather South $10952BR,2BA$0.88
2425-2445 Old Greensboro Rd2 Bedroom2BR,1BA$1.10
705 Alexander St, Unit 1705 Alexander St2BR,1BA$1.06
1225 New Hope Ln, Unit D1225 New Hope Ln2BR,1BA$1.03
Pegram Landing IIOne Bedroom1BR,1BA$0.54

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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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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Winston-Salem Overview

Winston Salem is the 5th-largest city in North Carolina and is considered part of the Piedmont Triad region in Forsyth County. It is home to the tallest office building, known as the Wells Fargo Center. It is also known as the “Twin City” because of its dual heritage for Arts and Innovation. In 1913, the two cities of Winston and Salem were merged.

Why live in Winston-Salem, NC?

Winston-Salem has a beautiful landscape of mountains with a rich culture and some of the highest-ranking schools in the country. It also hosts the NASCAR Whelen All-American Series between March and August. It hosts the ATP tennis tournament every year. It is also home to the Winston-Salem Dash, a Class-A Minor-League baseball team which is affiliated with the Chicago White Sox. Winston-Salem has an enormous list of activities for the family and children.

Best Local Schools in
Winston-Salem, NC

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Winston-Salem, NC Rentals by Map

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Frequently Asked Questions about Cheap Winston-Salem Apartments

What is a cheap apartment in Winston-Salem?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Winston-Salem is under $825.

What is the price of a cheap apartment in Winston-Salem?

The cheapest apartment in Winston-Salem is Pegram Landing II which is listed at $386, while the average apartment in Winston-Salem costs $1,760.

What types of apartments are the cheapest in Winston-Salem?

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 2,785 regular apartments in Winston-Salem 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 Winston-Salem?

Cheap apartments in Winston-Salem have an average cost of $398 which is $1,362 cheaper than the average rent for all rentals in Winston-Salem.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.