Cheap Apartments for Rent in the Graylyn Neighborhood of Winston-Salem, NC from $400 (74 Rentals)

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

property at 130 N Sunset Dr

$700 - $800

Total Monthly Price

Total Monthly Price

Base Rent
$700 - $800
Total Monthly Price
$700 - $800

1 Bedroom, 1 Bath Home for Rent

Available Now

130 N Sunset Dr

Winston-SalemNC27101

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

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 412 W 1st St

$795 - $995

1 Bedroom Rentals

Available Now

412 W 1st St

Winston-SalemNC27101

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 3818 Country Club Rd

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975
Total Monthly Price
$975

2 Bedroom, 1 Bath Condo for Rent

Available Now

3818 Country Club Rd, Unit F

3818 Country Club Rd
Winston-SalemNC27104

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.

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property at 912 Pittsburg Ave

$1,199

Total Monthly Price

Total Monthly Price

Base Rent
$1,199
Total Monthly Price
$1,199

3 Bedroom, 1.5 Bath Townhome for Rent

Available Now

912 Pittsburg Ave

Winston-SalemNC27105
property at 704 Aspen Trl

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 2 Bath Condo for Rent

Available Aug 15

704 Aspen Trl, Unit 704 Aspen Trail

704 Aspen Trl
Winston-SalemNC27106

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.

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Wilma Apartments
1 Bedroom Apartments

Wilma Apartments

220 N Hawthorne RdWinston-Salem, NC 27104
  • Utilities Included
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Cherry Street Apartments
2 Bedroom Apartments

Cherry Street Apartments

2642 Cherry StWinston-Salem, NC 27105
Senior Living
  • Utilities Included
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Pine Ridge at Reynolda
Studio to 2 Bedroom Apartments

Pine Ridge at Reynolda

2745 Basswood CtWinston-Salem, NC 27106
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

Graylyn, Winston-Salem, NC Local Guide

Cheapest Available Graylyn Apartments for Rent

 

The cheapest available apartment rental in the Graylyn area of Winston-Salem, NC is a Studio unit found at Gray Court Apartments priced from $895. Enclave at North Point Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable Graylyn apartments for rent in Winston-Salem, NC:

Apartment ListingModel NameBed/BathPriced From
Gray Court Apartments0BR/1.0BAStudio,1BA$895
Enclave at North Point ApartmentsOne Bedroom - Essential1BR,1BA$925
Ardmore TerraceThe Cypress1BR,1BA$935
Sherwood Station ApartmentsA21BR,1BA$953
Corners at Crystal LakeFairlawn Renovated1BR,1BA$980
The Livery Apartments1 Bed1BR,1BA$1,000
Village Lofts1BR/1.0BA1BR,1BA$1,035
664 2nd St NWTwo Bedroom One Bath2BR,1BA$1,095
Crowne Park1 DX Reno Painted1BR,1BA$1,405

Best Value Apartments for Rent in Graylyn, NC

As of August 04, 2026 the best value apartment in the Graylyn area is the $1.74 price per square foot The Covington Model at Legacy at Ardmore in the in the Southwest Winston Salem neighborhood starting from $2,227. The second greatest value Graylyn apartment is the 2 PX Reno Painted Model at Crowne Polo starting at $1,800 with a $1.46 price per square foot in the Northwest Winston Salem neighborhood. Here is today’s list of the best values for Graylyn apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Legacy at ArdmoreThe Covington2BR,2BA$1.74
Crowne Polo2 PX Reno Painted2BR,2BA$1.46
664 2nd St NWTwo Bedroom One Bath2BR,1BA$1.10
Village Lofts2BR/2.0BA2BR,2BA$1.61
Crowne Park1 DX Reno Painted1BR,1BA$1.63
Ardmore TerraceThe Cypress1BR,1BA$1.33
235 Corona St, Unit 201235 Corona St1BR,1BA$1.19
Enclave at North Point ApartmentsOne Bed One Bath - Premier1BR,1BA$1.62
Corners at Crystal LakeFairlawn Renovated1BR,1BA$1.58
Gray Court Apartments0BR/1.0BAStudio ,1BA$1.79

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Graylyn, Winston-Salem, NC

Ranked #17

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Graylyn Apartments

What is a cheap apartment in Graylyn?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Graylyn is under $1,405.

What is the price of a cheap apartment in Graylyn?

The cheapest apartment in Graylyn is Enclave at North Point Apartments which is listed at $925, while the average apartment in Graylyn costs $1,587.

What types of apartments are the cheapest in Graylyn?

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 43 regular apartments in Graylyn 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 Graylyn?

Cheap apartments in Graylyn have an average cost of $824 which is $763 cheaper than the average rent for all rentals in Graylyn.

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

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 First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.