Cheap Apartments for Rent in the Downtown Winston Salem Neighborhood of Winston-Salem, NC from $800 (25 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 300 N Spring St

$725 - $800

1 Bedroom Rentals

Available Now

300 N Spring St

Winston-SalemNC27101
close
View Me
Hilltop House
$1,074 - $1,480
Total Monthly Price

Total Monthly Price

Base Rent
$1,074 - $1,480

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Hilltop House

241 S Cherry StWinston-Salem, NC 27101
Pet Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

close
View Me
664 W 2nd St
$1,295
Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295
2 Bedroom Apartment Available Now

664 W 2nd St

664 W 2nd StWinston-Salem, NC 27101
Affordability

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.

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.

close
View Me
Gray Court Apartments
Studio to 2 Bedroom Apartments

Gray Court Apartments

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

209 N Spring St

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

757 North

757 N Chestnut StWinston-Salem, NC 27101

The Art of the Rental Viewing: What to look for during a property tour

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.

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
Hilltop HouseA31BR,1BA$1,074
Village Lofts Apartments1BR/1.0BA1BR,1BA$1,220
Link Apartments® Innovation QuarterS21BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
664 W 2nd St664 W 2nd St2BR,1BA$1.30
Gallery LoftsKahlo1BR,1BA$1.53
Winston Factory LoftsUNIT 104B, 204B, 304B, 404B, 504B2BR,2BA$1.99
Mill 8001M1BR,1BA$1.47
Village Lofts Apartments2BR/2.0BA2BR,2BA$1.89
West End StationA41BR,1BA$2.17
Hilltop HouseA51BR,1BA$2.07
50 West Fourth Residences1 Beds, 1 Baths1BR,1BA$2.32
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 $1,401.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.