Cheap Apartments for Rent in the Caroline Village Neighborhood of Winston-Salem, NC from $300 (5 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Caroline Village area of 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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862 Foxwood Pl
1 Bedroom Apartments

862 Foxwood Pl

862 Foxwood PlWinston-Salem, NC 27127
  • Utilities Included
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Plantation Place
2 Bedroom Apartments

Plantation Place

2056 Swaim RdWinston-Salem, NC 27127
  • Utilities Included

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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.

Caroline Village, Winston-Salem, NC Local Guide

Cheapest Available Caroline Village Apartments for Rent

 

The cheapest available apartment rental in the Caroline Village area of Winston-Salem, NC is a 1 Bed unit found at Salem Crest Apartment Homes priced from $785. Brannigan Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $865. Here are the most affordable Caroline Village apartments for rent in Winston-Salem, NC:

Apartment ListingModel NameBed/BathPriced From
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$785
Brannigan Village1 bdrm/1 bath A1BR,1BA$865
Twin City Townhomes1 Bedroom1BR,1BA$895

Best Value Apartments for Rent in Caroline Village, NC

As of April 12, 2026 the best value apartment in the Caroline Village area is the $0.88 price per square foot Heather South $1095 Model at The Village at Heather Hills in the in the South Winston Salem neighborhood starting from $900. The second greatest value Caroline Village apartment is the The Guardian Model at Sentry Pointe starting at $1,129 with a $1.23 price per square foot in the South Winston Salem neighborhood. Here is today’s list of the best values for Caroline Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Village at Heather HillsHeather South $10952BR,2BA$0.88
Sentry PointeThe Guardian2BR,2BA$1.23
Stafford Place1x1 Patio1BR,1BA$1.45
Morgan RidgeSingleton1BR,1BA$1.18
Legacy Park ApartmentsOne Bedroom-One Bath1BR,1BA$1.39
Twin City Townhomes1 Bedroom1BR,1BA$1.19
Arcadian Apartments1BR 1BA - 725sqft1BR,1BA$1.38
Brannigan Village1 bdrm/1 bath A1BR,1BA$1.26
Carlyle Place ApartmentsONE BEDROOM/ ONE BATH1BR,1BA$1.39
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$1.15

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Pet Friendly Lifestyle
Caroline Village, Winston-Salem, NC

Ranked #133

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Caroline Village Apartments

What is the price of a cheap apartment in Caroline Village?

The cheapest apartment in Caroline Village is Salem Crest Apartment Homes which is listed at $785, while the average apartment in Caroline Village costs $1,385.

What types of apartments are the cheapest in Caroline Village?

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 regular apartments in Caroline Village 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 Caroline Village?

Cheap apartments in Caroline Village have an average cost of $120 which is $1,265 cheaper than the average rent for all rentals in Caroline Village.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.