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.

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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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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property at 1504 Aspen Way
$1,250

Total Monthly Price

Base Rent$1,250
Total Monthly Price$1,250
2 Bedroom, 2 Bath Condo for Rent
Available Now
Cost Per Sq.Ft.

1504 Aspen Way, Unit 1504 Aspen Way

1504 Aspen Way
Winston-SalemNC27106
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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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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
  • Utilities Included

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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Colonial Estates
1 to 2 Bedroom Apartments

Colonial Estates

3907 Bethania Station RdWinston-Salem, NC 27106
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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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4804 Germanton Rd
1 Bedroom Apartments

4804 Germanton Rd

4804 Germanton RdWinston-Salem, NC 27105
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Pine Valley
2 to 3 Bedroom Apartments

Pine Valley

5300 Countryside DrWinston-Salem, NC 27105
  • Utilities Included

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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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 4229 BROWNSBORO ROAD priced from $625. Hunt Park Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $694. Here are the most affordable Colonial Estates apartments for rent in Winston-Salem, NC:

Apartment ListingModel NameBed/BathPriced From
4229 BROWNSBORO ROAD1BR/1.0BA1BR, 1BA$625
Hunt Park Senior Apartments1 Bedroom1BR, 1BA$694
Brandemere Apartment HomesA1 - Carter1BR, 1BA$715
SHATTALON TERRACE APARTMENTSSHATTALON TERRACE APARTMENTS - 4-D1BR, 1BA$750
Countryside Gardens1 Bed / 1 Bath1BR, 1BA$750
The View at 50101 Bedroom 1 Bath - A1BR, 1BA$799
Lofts at Mill Creek Apartments1 Bed 1 Bath1BR, 1BA$889
Northcliffe Forest ApartmentsS3R - Studio1BR, 1BA$891
The Cove111BR, 1BA$895
Vivo Apartments0 Bedroom, 1 BathroomStudio, 1BA$895

Best Value Apartments for Rent in Colonial Estates, NC

As of September 19, 2026 the best value apartment in the Colonial Estates area is the $1.08 price per square foot Cobblestone Model at Trails At Bethabara in the Northwest Winston Salem neighborhood starting from $1,092. The second greatest value Colonial Estates apartment is the 2 Bed 1.5 Bath Model at Bethabara Village in the Northwest Winston Salem neighborhood starting at $950 with a $0.96 price per square foot. 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.
Trails At BethabaraCobblestone2BR, 2BA$1.08
Bethabara Village2 Bed 1.5 Bath2BR, 1.5BA$0.96
Mill Creek FlatsGardenia2BR, 2BA$1.29
Countryside Villa Apartments2BR - 1.5BTH2BR, 1.5BA$1.18
Hunt Club Apartments, LLC2-BD 2-BTH2BR, 2BA$1.20
Lofts at Glenhaven2 bed gold2BR, 2BA$1.22
Providence Pointeone bedroom/ one bath1BR, 1BA$1.31
Hunt Park Senior Apartments2 Bedroom2BR, 1BA$1.29
Brandemere Apartment HomesA - Tucker1BR, 1BA$1.05
SHATTALON TERRACE APARTMENTSSHATTALON TERRACE APARTMENTS - 3-I1BR, 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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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
Colonial Estates, Winston-Salem, NC

Ranked #23

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 4229 BROWNSBORO ROAD which is listed at $625, while the average apartment in Colonial Estates costs $1,057.

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 61 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 $586 which is $471 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

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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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.