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

Village Lofts Apartments

405 N Spring St

The Livery Apartments

615 N Spring St
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.

50 West Fourth Residences

415 N Spring St

Total Monthly Price
Hilltop House

Link Apartments® 4th Street

West End Station

664 2nd St NW

Plant 64 Apartment Homes
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.

Winston Factory Lofts

Link Apartments® Innovation Quarter

Mill 800

Gallery Lofts

Chatham Place Apartments

Spring Garden Apartments

120 S Poplar St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Gray Court Apartments

209 N Spring St

The Residences at The R.J. Reynolds Building

Eight West Third Apartments

757 North

101 E 6th St

1 W 5th St
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.
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 | $1,371 | $950 | $1,714 |
| Downtown Winston Salem 1 Bedroom Apartments | $1,516 | $800 | $2,028 |
| Downtown Winston Salem 2 Bedroom Apartments | $2,094 | $1,125 | $3,945 |
| Downtown Winston Salem 3 Bedroom Apartments | $2,910 | $1,995 | $3,938 |
Browse Apartments in this Neighborhood
There are currently 28 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 |
| Village Lofts Apartments | 1BR/1.0BA | 1BR,1BA | $1,125 |
| 50 West Fourth Residences | 0 Beds, 1 Baths | Studio,1BA | $1,175 |
| Hilltop House | A4 | 1BR,1BA | $1,245 |
| Link Apartments® 4th Street | A1 | 1BR,1BA | $1,256 |
| 664 2nd St NW | Two Bedroom One Bath | 2BR,1BA | $1,295 |
| The Artreaux | A1.0 | 1BR,1BA | $1,356 |
| Plant 64 Apartment Homes | 1G | 1BR,1BA | $1,369 |
| Link Apartments® Innovation Quarter | A3 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Gallery Lofts | O'Keefe | 1BR,1BA | $1.51 |
| 664 2nd St NW | Two Bedroom One Bath | 2BR,1BA | $1.30 |
| Village Lofts Apartments | 2BR/2.0BA | 2BR,2BA | $1.61 |
| Winston Factory Lofts | UNIT 104B, 204B, 304B, 404B, 504B | 2BR,2BA | $1.93 |
| The Easley | S1 | Studio ,1BA | $2.42 |
| Hilltop House | A5 | 1BR,1BA | $2.07 |
| Link Apartments® 4th Street | A3 | 1BR,1BA | $2.55 |
| Link Apartments® Innovation Quarter | A3 | 1BR,1BA | $2.53 |
| 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 $1,535.
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

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.

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.

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.

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.