Cheap Apartments for Rent in Winston-Salem, NC from $300 (341 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 130 N Sunset Dr

$700 - $800

Total Monthly Price

Total Monthly Price

Base Rent
$700 - $800
Total Monthly Price
$700 - $800

1 Bedroom, 1 Bath Home for Rent

Available Now

130 N Sunset Dr

Winston-SalemNC27101

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 412 W 1st St

$795 - $995

1 Bedroom Rentals

Available Now

412 W 1st St

Winston-SalemNC27101

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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Winston-Salem, NC Local Guide

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Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Winston-Salem, NC

Pricing Updated: 08/16/2026

Current apartment rentals in the Winston-Salem, NC area range in price from $408 to $3,941 with an overall median price of $1,349. The three Winston-Salem neighborhoods with the lowest median rent pricing are Waughtown at $817, Southeast Winston Salem at $897, and South Park at $902. 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$817$65011
Southeast Winston Salem$897$65015
South Park$902$65047
Kimball Acres$922$6756
Easton$950$69514
Flat Rock$950$65021
Reynolda Forest Salem Lake$975$65028
Parkview$990$82520
Salem Gardens$990$82520
Cedar Forest$1,049$85040

Cheapest Available Winston-Salem Apartments for Rent

 

The cheapest available apartment rental in Winston-Salem, NC is a 1 Bed unit found at Hunt Park Senior Apartments in the Northeast Winston Salem neighborhood priced from $694. Northwood Apartments in the Northeast Winston Salem neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $740. Here is today’s list of the most affordable Winston-Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hunt Park Senior Apartments1 Bedroom1BR,1BA$694
Northwood Apartments1 Bedroom, 1 Bath1BR,1BA$740
Countryside Gardens1 Bed / 1 Bath1BR,1BA$750
Green Oaks2 Beds, 1 Baths2BR,1BA$750
SHATTALON TERRACE APARTMENTSSHATTALON TERRACE APARTMENTS - 3-I1BR,1BA$750
Broadbay CrossingsOne Bedroom- Classic1BR,1BA$775
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$785

Best Value Apartments for Rent in Winston-Salem, NC

As of August 16, 2026 the best value apartment in the Winston-Salem area is the $1.11 price per square foot Dogwood Model at Spire at Smith Crossing in the in the Kernersville neighborhood starting from $2,975. The second greatest value Winston-Salem apartment is the Summer Model at Wallburg Landing starting at $1,354 with a $1.10 price per square foot in the Southeast 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.
Spire at Smith CrossingDogwood5BR,3BA$1.11
Wallburg LandingSummer2BR,2BA$1.10
Morgan Place Apartments1BR - 1BTH Renovated1BR,1BA$0.98
664 2nd St NWTwo Bedroom One Bath2BR,1BA$1.10
2425-2445 Old Greensboro Rd2 Bedroom2BR,1BA$1.10
Green Oaks2 Beds, 1 Baths2BR,1BA$0.92
705 Alexander St, Unit 1705 Alexander St2BR,1BA$0.98
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$1.15
1095 Hutton St, Unit C1095 Hutton St1BR,1BA$1.04
Hunt Park Senior Apartments1 Bedroom1BR,1BA$1.16

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

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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.

Winston-Salem, NC
Population: 246,328

Ranked #89

in US Census Population by City

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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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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 $785.

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

The cheapest apartment in Winston-Salem is Hunt Park Senior Apartments which is listed at $694, while the average apartment in Winston-Salem costs $1,349.

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 3,687 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 $588 which is $761 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.