Cheap Apartments for Rent in Winston-Salem, NC from $300 (169 Rentals)

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

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

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Winston-Salem, NC Local Guide

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Cheapest Neighborhoods for Apartments in Winston-Salem, NC

Pricing Updated: 07/30/2025

Current apartment rentals in the Winston-Salem, NC area range in price from $386 to $4,367 with an overall median price of $2,207. The three Winston-Salem neighborhoods with the lowest median rent pricing are Parkview at $825, Salem Gardens at $825, and Easton at $675. 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
Parkview$995$82511
Salem Gardens$995$82511
Easton$1,225$6758
Flat Rock$1,225$6759
Reynolda Forest Salem Lake$1,225$67515
Waughtown$1,225$6756
Kimball Acres$1,385$7505
British Woods$1,432$75049
Silas Creek Parkway South$1,432$75052
Cedar Forest$1,437$80018

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. Northwood Apartments in the Northeast Winston Salem neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $600. 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
Northwood Apartments1 Bedroom, 1 Bath2BR,1BA$600
Bridgewood11A1BR,1BA$695
BC - Broadbay CrossingsOne Bedroom- Classic1BR,1BA$750
The Flats at Salem111BR,1BA$765
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 July 30, 2025 the best value apartment in the Winston-Salem area is the $1.05 price per square foot The Oakwood Model at Western Villa Townhomes in the in the Clemmons neighborhood starting from $1,400. The second greatest value Winston-Salem apartment is the Fieldstone Model at Trails At Bethabara starting at $1,375 with a $1.09 price per square foot in the Northwest 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.
Western Villa TownhomesThe Oakwood2BR,1.5BA$1.05
Trails At BethabaraFieldstone3BR,2BA$1.09
Morgan Place Apartments2BR - 1.5BTH TH R2BR,1.5BA$0.93
Kerner Mill Townhomes2BR - 1.5BTH TH R2BR,1.5BA$1.14
Gardens At Country Club222BR,2BA$0.96
SHATTALON TERRACE APARTMENTSSHATTALON TERRACE APARTMENTS - 2-E2BR,1BA$1.05
Delmonte Court Apartments2 Bed / 1 Bath2BR,1BA$1.03
100 Powers Rd, Unit 2100 Powers Rd2BR,1BA$1.06
Pegram Landing IIOne Bedroom1BR,1BA$0.54
Northwood Apartments2BR/1.0BA2BR,1BA$1.00

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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 $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 $2,207.

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 1,923 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 $392 which is $1,815 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.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.