Cheap Apartments for Rent in Winston-Salem, NC from $300 (203 Rentals)

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

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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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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property at 1437 W 4th St

$795

1 Bedroom Rentals

Available Now

1437 W 4th St

Winston-SalemNC27101

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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property at 2001 S Main St

$825 - $975

1 To 2 Bedroom Rentals

Available Now

2001 S Main St

Winston-SalemNC27127

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Winston-Salem, NC Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Winston-Salem, NC

Pricing Updated: 12/29/2025

Current apartment rentals in the Winston-Salem, NC area range in price from $386 to $4,968 with an overall median price of $1,780. The three Winston-Salem neighborhoods with the lowest median rent pricing are Easton at $700, Flat Rock at $700, and Reynolda Forest Salem Lake at $695. 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$950$7007
Flat Rock$950$7008
Reynolda Forest Salem Lake$950$69514
Southeast Winston Salem$950$7009
Waughtown$950$7007
Parkview$984$8256
Salem Gardens$984$8256
Shattalon Heights$1,287$750157
East Winston Salem$1,299$69553
Beacon Hill$1,350$750137

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. 600 Peters Creek in the South Central Winston Salem neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $513. 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
600 Peters Creek2 bedroom 30%2BR,1BA$513
Northwood Apartments2BR/1.0BA2BR,1BA$675
Hunt Park Senior Apartments1 Bedroom1BR,1BA$693
Broadbay CrossingsOne Bedroom- Upgrade1BR,1BA$715
SHATTALON TERRACE APARTMENTSSHATTALON TERRACE APARTMENTS - 4-J1BR,1BA$750
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$785
Bethabara Garden Apartments1BR/1.0BA1BR,1BA$795
3640-3690 Yarbrough Ave1 BR 1 BA1BR,1BA$800
4540-4558 June Ave1BR 1BA1BR,1BA$800

Best Value Apartments for Rent in Winston-Salem, NC

As of December 29, 2025 the best value apartment in the Winston-Salem area is the $0.93 price per square foot 2BR - 1.5BTH TH R Model at Morgan Place Apartments in the in the Clemmons neighborhood starting from $1,125. The second greatest value Winston-Salem apartment is the 1425 W Academy St Model at 1425 W Academy St, Unit UP starting at $995 with a $0.90 price per square foot in the South Central 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.
Morgan Place Apartments2BR - 1.5BTH TH R2BR,1.5BA$0.93
1425 W Academy St, Unit UP1425 W Academy St2BR,1BA$0.90
Villas at VineyardVV-2B2BR2BR,2BA$1.11
Countryside Villa ApartmentsTWO BEDROOM TOWN HOME2BR,1.5BA$1.13
Bethabara Village2 Bed 1.5 Bath2BR,1.5BA$0.91
600 Peters Creek2 bedroom 60%2BR,1BA$1.11
Highland Commons2 bedroom, 1 bathroom2BR,1BA$1.11
3950 Bradford Ct, Unit D3950 Bradford Ct1BR,1BA$1.13
100 Powers Rd, Unit 2100 Powers Rd2BR,1BA$1.06
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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.

Pet Friendly Lifestyle
Winston-Salem, NC

Ranked #8

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Winston-Salem, NC

School data provided by Great Schools

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

Explore Winston-Salem, NC Rentals by Map

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See the most popular apartments and homes in Winston-Salem, NC

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Winston-Salem, NC Rental Homes Map

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 $800.

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 $1,780.

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 3,389 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 $425 which is $1,355 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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!