Cheap Apartments for Rent in the Downtown Winston Salem Neighborhood of Winston-Salem, NC from $800 (36 Rentals)

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

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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The Livery Apartments
Studio to 1 Bedroom Apartments

The Livery Apartments

648 Holly AveWinston-Salem, NC 27101
  • Utilities Included
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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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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.

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Showing Results 1-36, Page 1 of 1

Downtown Winston Salem, Winston-Salem, NC Local Guide

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 2 Beds unit found at The Residences at Diamond Ridge priced from $885. Gray Court Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Downtown Winston Salem apartments for rent in Winston-Salem, NC:

Apartment ListingModel NameBed/BathPriced From
The Residences at Diamond Ridge932B1BMR2BR,1BA$885
Gray Court Apartments0BR/1.0BAStudio,1BA$895
Ardmore TerraceThe Azalea1BR,1BA$960
Bromley Park1x11BR,1BA$999
Privately Owned Crestwood Gardens!2 Bed/ 1 Bath2BR,1BA$999
Chatham Place Apartments1BR/1.0BA1BR,1BA$1,000
Village Lofts Apartments0BR/1.0BAStudio,1BA$1,000
Charleston ApartmentsCharleston Apartments2BR,1BA$1,075
Link Apartments® Innovation QuarterS21BR,1BA$1,219

Best Value Apartments for Rent in Downtown Winston Salem, NC

As of October 17, 2025 the best value apartment in the Downtown Winston Salem area is the $1.39 price per square foot Calder Model at Gallery Lofts in the in the Downtown Winston Salem neighborhood starting from $1,915. The second greatest value Downtown Winston Salem apartment is the 1212 W 4th St Model at 1212 W 4th St, Unit Apartment A starting at $1,300 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 LoftsCalder2BR,2BA$1.39
1212 W 4th St, Unit Apartment A1212 W 4th St2BR,1BA$1.30
The Residences at Diamond Ridge933B1BLR3BR,1BA$1.35
Brown School Lofts at Legacy Heights2 Bedroom Garden2BR,1BA$1.63
Charleston ApartmentsCharleston Apartments2BR,1.5BA$1.24
Privately Owned Crestwood Gardens!Cottage 3 Bed / 1 Bath3BR,1BA$1.37
Mill 8001R1BR,1BA$1.59
Ardmore TerraceThe Azalea1BR,1BA$1.23
512 Granville Dr, Unit 1512 Granville Dr1BR,1BA$1.59
Bromley Park1x11BR,1BA$1.54

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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Pet Friendly Lifestyle
Downtown Winston Salem, Winston-Salem, NC

Ranked #4

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Downtown Winston Salem Neighborhood in Winston-Salem, NC

Walk Score®

87 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

75 / 100

Very Bikeable

Biking is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,219.

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

The cheapest apartment in Downtown Winston Salem is Ardmore Terrace which is listed at $960, while the average apartment in Downtown Winston Salem costs $1,790.

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 48 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 $480 which is $1,310 cheaper than the average rent for all rentals in Downtown Winston Salem.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.