
Cheap Apartments for Rent in the Downtown Winston Salem Neighborhood of Winston-Salem, NC from $800 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Winston Salem area of Winston-Salem.


666 N Spring St

115 S Spruce St

The Livery Apartments

Total Monthly Price
Hilltop House

Village Lofts Apartments
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.

615 N Spring St

50 West Fourth Residences

West End Station

Link Apartments® Innovation Quarter

Total Monthly Price
664 W 2nd St

Mill 800
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.

Link Apartments® 4th Street

Winston Factory Lofts

Gallery Lofts

Plant 64 Apartment Homes

Chatham Place Apartments

Spring Garden Apartments
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Gray Court Apartments

209 N Spring St

The Residences at The R.J. Reynolds Building

757 North

Eight West Third Apartments

72 W End Blvd
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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.

119 S Marshall St
Downtown Winston Salem, Winston-Salem, NC Local Guide

How much does it cost to rent an apartment in Downtown Winston Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Winston Salem Studio Apartments | $1,476 | $1,175 | $1,753 |
| Downtown Winston Salem 1 Bedroom Apartments | $1,512 | $800 | $2,067 |
| Downtown Winston Salem 2 Bedroom Apartments | $2,095 | $1,150 | $3,658 |
| Downtown Winston Salem 3 Bedroom Apartments | $2,631 | $1,875 | $3,597 |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the Downtown Winston Salem Neighborhood of Winston-Salem, NC.
See all Apartments in Winston-SalemExplore Winston-Salem
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Gray Court Apartments | 0BR/1.0BA | Studio,1BA | $895 |
| The Livery Apartments | 1 Bed | 1BR,1BA | $1,020 |
| Hilltop House | A3 | 1BR,1BA | $1,074 |
| Village Lofts Apartments | 1BR/1.0BA | 1BR,1BA | $1,220 |
| Link Apartments® Innovation Quarter | S2 | 1BR,1BA | $1,287 |
Best Value Apartments for Rent in Downtown Winston Salem, NC
As of April 24, 2026 the best value apartment in the Downtown Winston Salem area is the $1.30 price per square foot 664 W 2nd St Model at 664 W 2nd St in the in the South Central Winston Salem neighborhood starting from $1,295. The second greatest value Downtown Winston Salem apartment is the Kahlo Model at Gallery Lofts starting at $1,500 with a $1.53 price per square foot in the Downtown Winston Salem neighborhood. Here is today’s list of the best values for Downtown Winston Salem apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 664 W 2nd St | 664 W 2nd St | 2BR,1BA | $1.30 |
| Gallery Lofts | Kahlo | 1BR,1BA | $1.53 |
| Winston Factory Lofts | UNIT 104B, 204B, 304B, 404B, 504B | 2BR,2BA | $1.99 |
| Mill 800 | 1M | 1BR,1BA | $1.47 |
| Village Lofts Apartments | 2BR/2.0BA | 2BR,2BA | $1.89 |
| West End Station | A4 | 1BR,1BA | $2.17 |
| Hilltop House | A5 | 1BR,1BA | $2.07 |
| 50 West Fourth Residences | 1 Beds, 1 Baths | 1BR,1BA | $2.32 |
| The Livery Apartments | 1 Bed | 1BR,1BA | $1.89 |
| Gray Court Apartments | 0BR/1.0BA | Studio ,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 $1,401.
What is the price of a cheap apartment in Downtown Winston Salem?
The cheapest apartment in Downtown Winston Salem is Gray Court Apartments which is listed at $995, while the average apartment in Downtown Winston Salem costs $2,265.
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 18 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 $493 which is $1,772 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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.