
Cheap Apartments for Rent in the Colonial Estates Neighborhood of Winston-Salem, NC from $400 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Colonial Estates area of Winston-Salem.


Enclave at North Point Apartments

Countryside Gardens

3640-3690 Yarbrough Ave

Brandemere Apartment Homes

3455 Valley Rd
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.

Bethabara Garden Apartments

4540-4558 June Ave

Abbington Gardens

Reynolds Townhomes

Mountain Lodge

St. Armand's At Old Town
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.

Pine Ridge at Reynolda

The Enclave at Winston Salem

Bridgewood

3630 Yarbrough Ave

SHATTALON TERRACE APARTMENTS

Colonial Estates
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.

The Flats at Salem

The Cove
Colonial Estates, Winston-Salem, NC Local Guide

How much does it cost to rent an apartment in Colonial Estates?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Colonial Estates Studio Apartments | $784 | $699 | $870 |
| Colonial Estates 1 Bedroom Apartments | $1,068 | $695 | $2,010 |
| Colonial Estates 2 Bedroom Apartments | $1,233 | $850 | $2,045 |
| Colonial Estates 3 Bedroom Apartments | $1,541 | $1,170 | $2,125 |
| Colonial Estates 4 Bedroom Apartments | $1,287 | $900 | $3,600 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Colonial Estates Neighborhood of Winston-Salem, NC.
See all Apartments in Winston-SalemExplore Winston-Salem
Colonial Estates, Winston-Salem, NC Local Guide
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Cheapest Available Colonial Estates Apartments for Rent
 The cheapest available apartment rental in the Colonial Estates area of Winston-Salem, NC is a 1 Bed unit found at SHATTALON TERRACE APARTMENTS priced from $750. Countryside Gardens has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Colonial Estates apartments for rent in Winston-Salem, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| SHATTALON TERRACE APARTMENTS | SHATTALON TERRACE APARTMENTS - 4-J | 1BR,1BA | $750 |
| Countryside Gardens | 1 Bed / 1 Bath | 1BR,1BA | $750 |
| 3640-3690 Yarbrough Ave | 1 BR 1 BA | 1BR,1BA | $775 |
| Bethabara Garden Apartments | 1BR/1.0BA | 1BR,1BA | $795 |
| 4540-4558 June Ave | 1BR 1BA | 1BR,1BA | $800 |
Best Value Apartments for Rent in Colonial Estates, NC
As of January 29, 2026 the best value apartment in the Colonial Estates area is the $1.16 price per square foot B - Wilson Model at Brandemere Apartment Homes in the in the Northwest Winston Salem neighborhood starting from $1,189. The second greatest value Colonial Estates apartment is the 2 Bed 1.5 Bath Model at Bethabara Village starting at $950 with a $0.96 price per square foot in the Northwest Winston Salem neighborhood. Here is today’s list of the best values for Colonial Estates apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Brandemere Apartment Homes | B - Wilson | 2BR,2BA | $1.16 |
| Bethabara Village | 2 Bed 1.5 Bath | 2BR,1.5BA | $0.96 |
| Countryside Villa Apartments | TWO BEDROOM GARDEN | 2BR,1.5BA | $1.16 |
| Hampton Court Apartments I & II | 2BR/1BA | 2BR,1BA | $1.17 |
| Providence Pointe | one bedroom/ one bath | 1BR,1BA | $1.24 |
| 3950 Bradford Ct, Unit C | 3950 Bradford Ct | 1BR,1BA | $1.13 |
| Beltway Park at Winston | Platinum | 1BR,1BA | $1.25 |
| Alaris Village | 1 Bed 1 Bath (sunroom optional) | 1BR,1BA | $1.20 |
| Trails At Bethabara | Kensington | 1BR,1BA | $1.23 |
| SHATTALON TERRACE APARTMENTS | SHATTALON TERRACE APARTMENTS - 4-J | 1BR,1BA | $1.25 |
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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Read ArticleQuick Rent Budget Calculator
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Pet Friendly LifestyleColonial Estates, Winston-Salem, NC
Ranked #48
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Colonial Estates, Winston-Salem, NC
Gibson Elementary
North Forsyth High
Northwest Middle
School data provided by Great Schools
Lifestyle Ratings
Our team works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States including Colonial Estates, Winston-Salem, and the greater Winston-Salem area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Colonial Estates Apartments
What is the price of a cheap apartment in Colonial Estates?
The cheapest apartment in Colonial Estates is SHATTALON TERRACE APARTMENTS which is listed at $750, while the average apartment in Colonial Estates costs $1,542.
What types of apartments are the cheapest in Colonial Estates?
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 64 regular apartments in Colonial Estates 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 Colonial Estates?
Cheap apartments in Colonial Estates have an average cost of $416 which is $1,126 cheaper than the average rent for all rentals in Colonial Estates.
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

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.

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.

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.

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.