Cheap Apartments for Rent in the Downtown Winston Salem Neighborhood of Winston-Salem, NC from $700 (18 Rentals)

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

property at 412 W 1st St

$795 - $995

1 Bedroom Rentals

Available Now

412 W 1st St

Winston-SalemNC27101
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Hilltop House
Rent Specials
$1,064 - $1,345
Total Monthly Price

Total Monthly Price

Base Rent
$1,064 - $1,345

Total Monthly Price
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1 to 2 Bedroom Apartments Available Aug 10

Hilltop House

241 S Cherry StWinston-Salem, NC 27101
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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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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. Village Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $950. 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
Village Lofts0BR/1.0BAStudio,1BA$950
The Livery Apartments1 Bed1BR,1BA$1,020
664 2nd St NWTwo Bedroom One Bath2BR,1BA$1,095
Plant 64 Apartment Homes1K1BR,1BA$1,314

Best Value Apartments for Rent in Downtown Winston Salem, NC

As of July 23, 2026 the best value apartment in the Downtown Winston Salem area is the $1.51 price per square foot Miro Model at Gallery Lofts in the in the Downtown Winston Salem neighborhood starting from $2,120. The second greatest value Downtown Winston Salem apartment is the B2.0 Model at The Artreaux starting at $2,445 with a $2.25 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.
Gallery LoftsMiro2BR,2BA$1.51
The ArtreauxB2.02BR,2BA$2.25
664 2nd St NWTwo Bedroom One Bath2BR,1BA$1.10
50 West Fourth ResidencesApt 1042BR,2BA$1.84
West End StationA51BR,1BA$2.18
Winston Factory LoftsSUITE 213A, 413A, 513A1BR,1BA$2.19
The EasleyA11BR,1BA$2.49
The Livery Apartments1 Bed1BR,1BA$1.89
Gray Court Apartments0BR/1.0BAStudio ,1BA$1.79
Village Lofts0BR/1.0BAStudio ,1BA$2.53

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 $1,677.

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 $2,962.

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 9 regular apartments in Downtown Winston Salem that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.