Cheap Apartments for Rent in Winston-Salem, NC from $300 (187 Rentals)

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

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Winston-Salem, NC Local Guide

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Cheapest Neighborhoods for Apartments in Winston-Salem, NC

Pricing Updated: 09/14/2025

Current apartment rentals in the Winston-Salem, NC area range in price from $386 to $4,367 with an overall median price of $2,137. The three Winston-Salem neighborhoods with the lowest median rent pricing are Waughtown at $685, Easton at $685, and Southeast Winston Salem at $685. 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
Waughtown$897$6857
Easton$900$6859
Southeast Winston Salem$900$6859
Flat Rock$925$6859
Reynolda Forest Salem Lake$950$68514
Parkview$995$82510
Salem Gardens$995$82510
East Winston Salem$1,195$68549
Moravian Forest$1,220$80073
Belview$1,385$43040

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 1 Bed apartment currently listed from $430. 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 Creek50%1BR,1BA$430
Northwood Apartments2BR/1.0BA2BR,1BA$675
1410 ACADEMY ST1BR/1.0BA1BR,1BA$725
BC - Broadbay CrossingsOne Bedroom- Upgrade1BR,1BA$750
SHATTALON TERRACE APARTMENTSSHATTALON TERRACE APARTMENTS - 4-F1BR,1BA$750
The Cove111BR,1BA$770
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$785
Bethabara Garden Apartments1BR/1.0BA1BR,1BA$795

Best Value Apartments for Rent in Winston-Salem, NC

As of September 14, 2025 the best value apartment in the Winston-Salem area is the $1.04 price per square foot C2 Model at Sherwood Station Apartments in the in the Northwest Winston Salem neighborhood starting from $1,654. The second greatest value Winston-Salem apartment is the 2BR - 1.5BTH TH R Model at Morgan Place Apartments starting at $1,125 with a $0.93 price per square foot in the Clemmons 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.
Sherwood Station ApartmentsC23BR,1.5BA$1.04
Morgan Place Apartments2BR - 1.5BTH TH R2BR,1.5BA$0.93
New Salem VillageThe Regency-Classic2BR,2BA$1.05
The Residences at Diamond Ridge932B1BMR2BR,1BA$1.05
Hunt Park Senior Apartments2 Bedroom2BR,1BA$1.04
Delmonte Court Apartments2 Bed / 1 Bath2BR,1BA$1.03
1225 New Hope Ln, Unit B1225 New Hope Ln2BR,1BA$1.00
Pegram Landing IIOne Bedroom1BR,1BA$0.54
Northwood Apartments2BR/1.0BA2BR,1BA$1.00
1095 Hutton St, Unit C1095 Hutton St1BR,1BA$1.04

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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.

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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Getting Around Winston-Salem, NC

Walk Score®

45 / 100

Car-Dependent

Most errands require a car

Bike Score®

41 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $795.

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 $2,137.

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 3,206 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 $433 which is $1,704 cheaper than the average rent for all rentals in Winston-Salem.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.