
Cheap Apartments for Rent in the Colonial Estates Neighborhood of Winston-Salem, NC from $400 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Colonial Estates area of Winston-Salem.


Bethabara Village

Bethabara Garden Apartments

3455 Valley Rd

3640-3690 Yarbrough Ave
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3991 Bradford Ct
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 | $772 | $699 | $845 |
| Colonial Estates 1 Bedroom Apartments | $1,052 | $750 | $1,858 |
| Colonial Estates 2 Bedroom Apartments | $1,189 | $850 | $2,013 |
| Colonial Estates 3 Bedroom Apartments | $1,493 | $1,170 | $1,915 |
| Colonial Estates 4 Bedroom Apartments | $1,391 | $900 | $3,600 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Colonial Estates Neighborhood of Winston-Salem, NC.
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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 Hunt Park Senior Apartments priced from $693. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hunt Park Senior Apartments | 1 Bedroom | 1BR,1BA | $693 |
| SHATTALON TERRACE APARTMENTS | SHATTALON TERRACE APARTMENTS - 4-J | 1BR,1BA | $750 |
| Bethabara Garden Apartments | 1BR/1.0BA | 1BR,1BA | $795 |
| 3640-3690 Yarbrough Ave | 1 BR 1 BA | 1BR,1BA | $800 |
| 4540-4558 June Ave | 1BR 1BA | 1BR,1BA | $800 |
Best Value Apartments for Rent in Colonial Estates, NC
As of December 29, 2025 the best value apartment in the Colonial Estates area is the $1.14 price per square foot The Plaza Deluxe-Renovated Model at New Salem Village in the in the Northwest Winston Salem neighborhood starting from $1,200. The second greatest value Colonial Estates apartment is the TWO BEDROOM TOWN HOME Model at Countryside Villa Apartments starting at $1,134 with a $1.13 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. |
|---|---|---|---|
| New Salem Village | The Plaza Deluxe-Renovated | 2BR,1.5BA | $1.14 |
| Countryside Villa Apartments | TWO BEDROOM TOWN HOME | 2BR,1.5BA | $1.13 |
| Bethabara Village | 2 Bed 1.5 Bath | 2BR,1.5BA | $0.91 |
| Hampton Court Apartments I & II | 2BR/1BA | 2BR,1BA | $1.17 |
| Providence Pointe | one bedroom/ one bath | 1BR,1BA | $1.24 |
| 100 Powers Rd, Unit 2 | 100 Powers Rd | 2BR,1BA | $1.06 |
| 3950 Bradford Ct, Unit D | 3950 Bradford Ct | 1BR,1BA | $1.13 |
| Trails At Bethabara | Kensington | 1BR,1BA | $1.24 |
| SHATTALON TERRACE APARTMENTS | SHATTALON TERRACE APARTMENTS - 4-J | 1BR,1BA | $1.25 |
| Hunt Park Senior Apartments | 1 Bedroom | 1BR,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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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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Read ArticleQuick 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.
Pet Friendly LifestyleColonial Estates, Winston-Salem, NC
Ranked #39
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 Hunt Park Senior Apartments which is listed at $693, while the average apartment in Colonial Estates costs $1,499.
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 73 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 $443 which is $1,056 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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!












