Cheap Apartments for Rent in the Colonial Estates Neighborhood of Winston-Salem, NC from $500 (59 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Colonial Estates 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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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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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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Abbington Gardens
2 to 4 Bedroom Apartments

Abbington Gardens

5335 Nita DrWinston-Salem, NC 27105
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Reynolds Townhomes
Studio to 2 Bedroom Apartments

Reynolds Townhomes

3844 Wabash BlvdWinston-Salem, NC 27106
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Mountain Lodge
1 Bedroom Apartments

Mountain Lodge

3895 Bethania Station RdWinston-Salem, NC 27106
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St. Armand's At Old Town
1 to 2 Bedroom Apartments

St. Armand's At Old Town

3640-3690 Yarbrough AveWinston-Salem, NC 27106
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Bridgewood
1 to 2 Bedroom Apartments

Bridgewood

5270 Indiana AveWinston-Salem, NC 27106
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3630 Yarbrough Ave
2 Bedroom Apartments

3630 Yarbrough Ave

3630 Yarbrough AveWinston-Salem, NC 27106
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Colonial Estates
1 to 2 Bedroom Apartments

Colonial Estates

3907 Bethania Station RdWinston-Salem, NC 27106
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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.

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The Flats at Salem
1 to 2 Bedroom Apartments

The Flats at Salem

2500 Towergate CirWinston-Salem, NC 27106
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4540-4558 June Ave
1 Bedroom Apartments

4540-4558 June Ave

4540-4558 June AveWinston-Salem, NC 27106
Corporate Housing
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Pine Ridge at Reynolda
Studio to 2 Bedroom Apartments

Pine Ridge at Reynolda

2745 Basswood CtWinston-Salem, NC 27106
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4233 Brownsboro Rd
1 Bedroom Apartments

4233 Brownsboro Rd

4233 Brownsboro RdWinston-Salem, NC 27106
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Pine Valley
2 to 3 Bedroom Apartments

Pine Valley

5300 Countryside DrWinston-Salem, NC 27105
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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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Colonial Estates, Winston-Salem, NC Local Guide

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 Hunt Park Senior Apartments priced from $694. SHATTALON TERRACE APARTMENTS 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 ListingModel NameBed/BathPriced From
Hunt Park Senior Apartments1 Bedroom1BR,1BA$694
SHATTALON TERRACE APARTMENTSSHATTALON TERRACE APARTMENTS - 3-G1BR,1BA$750
Countryside Gardens1 Bed / 1 Bath1BR,1BA$750
Bethabara Garden Apartments1BR/1.0BA1BR,1BA$795
The View at 50101 Bedroom 1 Bath - A1BR,1BA$820
Northcliffe Forest ApartmentsS1R - Studio1BR,1BA$848
The Cove21B2BR,1BA$860
Lofts at Glenhaven1 bed Classic1BR,1BA$862
Brandemere Apartment HomesA1 - Carter1BR,1BA$879
Corners at Crystal LakeFairlawn1BR,1BA$915

Best Value Apartments for Rent in Colonial Estates, NC

As of June 20, 2026 the best value apartment in the Colonial Estates area is the $1.12 price per square foot B - Wilson Model at Brandemere Apartment Homes in the in the Northwest Winston Salem neighborhood starting from $1,155. The second greatest value Colonial Estates apartment is the 2 Bed 1.5 Bath Model at Bethabara Village starting at $1,150 with a $1.16 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Brandemere Apartment HomesB - Wilson2BR,2BA$1.12
Bethabara Village2 Bed 1.5 Bath2BR,1.5BA$1.16
Hampton Court Apartments I & II2BR/1BA2BR,1BA$1.17
Providence Pointeone bedroom/ one bath1BR,1BA$1.31
3950 Bradford Ct, Unit A3950 Bradford Ct1BR,1BA$1.22
Beltway Park at WinstonPlatinum1BR,1BA$1.32
Trails At BethabaraKensington1BR,1BA$1.24
Countryside Villa Apartments1BR - 1BTH1BR,1BA$1.31
SHATTALON TERRACE APARTMENTSSHATTALON TERRACE APARTMENTS - 3-G1BR,1BA$1.25
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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Pet Friendly Lifestyle
Colonial Estates, Winston-Salem, NC

Ranked #51

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Colonial Estates, Winston-Salem, NC

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 Hunt Park Senior Apartments which is listed at $694, while the average apartment in Colonial Estates costs $1,610.

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 72 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 $827 which is $783 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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.