Cheap Apartments for Rent in the Downtown Winston Salem Neighborhood of Winston-Salem, NC from $800 (28 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Winston Salem area of Winston-Salem.

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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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Hilltop House
$1,245 - $1,690
Total Monthly Price

Total Monthly Price

Base Rent
$1,245 - $1,690

Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

Hilltop House

241 S Cherry StWinston-Salem, NC 27101
Pet Friendly
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Gray Court Apartments
Studio to 2 Bedroom Apartments

Gray Court Apartments

450 N Broad StWinston-Salem, NC 27101
  • Utilities Included
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209 N Spring St
1 to 2 Bedroom Apartments

209 N Spring St

209 N Spring StWinston-Salem, NC 27101
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757 North
1 to 2 Bedroom Apartments

757 North

757 N Chestnut StWinston-Salem, NC 27101
property at 101 E 6th St

$1,375 - $1,895

1 To 2 Bedroom Rentals

Available Now

101 E 6th St

Winston-SalemNC27101

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Cheapest Available Downtown Winston Salem Apartments for Rent

 

The cheapest available apartment rental in the Downtown Winston Salem area of Winston-Salem, NC is a Studio unit found at Gray Court Apartments priced from $895. The Livery Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,020. Here are the most affordable Downtown Winston Salem apartments for rent in Winston-Salem, NC:

Apartment ListingModel NameBed/BathPriced From
Gray Court Apartments0BR/1.0BAStudio,1BA$895
The Livery Apartments1 Bed1BR,1BA$1,020
Village Lofts Apartments1BR/1.0BA1BR,1BA$1,125
50 West Fourth Residences0 Beds, 1 BathsStudio,1BA$1,175
Hilltop HouseA41BR,1BA$1,245
Link Apartments® 4th StreetA11BR,1BA$1,256
664 2nd St NWTwo Bedroom One Bath2BR,1BA$1,295
The ArtreauxA1.01BR,1BA$1,356
Plant 64 Apartment Homes1G1BR,1BA$1,369
Link Apartments® Innovation QuarterA31BR,1BA$1,535

Best Value Apartments for Rent in Downtown Winston Salem, NC

As of June 08, 2026 the best value apartment in the Downtown Winston Salem area is the $1.51 price per square foot O'Keefe Model at Gallery Lofts in the in the Downtown Winston Salem neighborhood starting from $1,705. The second greatest value Downtown Winston Salem apartment is the Two Bedroom One Bath Model at 664 2nd St NW starting at $1,295 with a $1.30 price per square foot in the South Central Winston Salem neighborhood. Here is today’s list of the best values for Downtown Winston Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Gallery LoftsO'Keefe1BR,1BA$1.51
664 2nd St NWTwo Bedroom One Bath2BR,1BA$1.30
Village Lofts Apartments2BR/2.0BA2BR,2BA$1.61
Winston Factory LoftsUNIT 104B, 204B, 304B, 404B, 504B2BR,2BA$1.93
The EasleyS1Studio ,1BA$2.42
Hilltop HouseA51BR,1BA$2.07
Link Apartments® 4th StreetA31BR,1BA$2.55
Link Apartments® Innovation QuarterA31BR,1BA$2.53
The Livery Apartments1 Bed1BR,1BA$1.89
Gray Court Apartments0BR/1.0BAStudio ,1BA$1.79

Frequently Asked Questions about Cheap Downtown Winston Salem Apartments

What is a cheap apartment in Downtown Winston Salem?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Winston Salem is under $1,535.

What is the price of a cheap apartment in Downtown Winston Salem?

The cheapest apartment in Downtown Winston Salem is The Livery Apartments which is listed at $1,020, while the average apartment in Downtown Winston Salem costs $3,087.

What types of apartments are the cheapest in Downtown Winston Salem?

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 20 regular apartments in Downtown Winston Salem 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 Downtown Winston Salem?

Cheap apartments in Downtown Winston Salem have an average cost of $605 which is $2,482 cheaper than the average rent for all rentals in Downtown Winston Salem.

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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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.