Cheap Homes for Rent in Winston-Salem, NC from $400 (55 Rentals)

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Search the lowest-cost Homes available for rent right now in 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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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.

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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.

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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Winston-Salem, NC Local Guide

Cheapest Neighborhoods for Apartments in Winston-Salem, NC

Pricing Updated: 11/06/2025

Current apartment rentals in the Winston-Salem, NC area range in price from $386 to $3,759 with an overall median price of $1,807. The three Winston-Salem neighborhoods with the lowest median rent pricing are Waughtown at $695, Easton at $695, and Southeast Winston Salem at $695. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Winston-Salem Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Waughtown$847$69510
Easton$850$69512
Southeast Winston Salem$850$69512
Flat Rock$872$7009
Reynolda Forest Salem Lake$925$69515
Parkview$960$8257
Salem Gardens$960$8257
Belview$1,190$69517
Cedar Forest$1,293$64534
East Winston Salem$1,327$69564

Cheapest Available Winston-Salem Apartments for Rent

 

The cheapest available apartment rental in Winston-Salem, NC is a 1 Bed unit found at Pegram Landing II in the Shallowford Reserve neighborhood priced from $386. Northwood Apartments in the Northeast Winston Salem neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $600. Here is today’s list of the most affordable Winston-Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pegram Landing IIOne Bedroom1BR,1BA$386
Northwood Apartments1 Bedroom, 1 Bath2BR,1BA$600
BC - Broadbay CrossingsOne Bedroom- Upgrade1BR,1BA$725
SHATTALON TERRACE APARTMENTSSHATTALON TERRACE APARTMENTS - 4-F1BR,1BA$750
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$785
Bethabara Garden Apartments1BR/1.0BA1BR,1BA$795
3640-3690 Yarbrough Ave1 BR 1 BA1BR,1BA$800
4540-4558 June Ave1BR 1BA1BR,1BA$800

Best Value Apartments for Rent in Winston-Salem, NC

As of November 07, 2025 the best value apartment in the Winston-Salem area is the $1.18 price per square foot Dogwood Model at Spire at Smith Crossing in the starting from $3,150. The second greatest value Winston-Salem apartment is the 2BR - 1.5BTH TH Model at Morgan Place Apartments starting at $1,125 with a $0.93 price per square foot in the Clemmons neighborhood. Here is today’s list of the best values for Winston-Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Spire at Smith CrossingDogwood5BR,3BA$1.18
Morgan Place Apartments2BR - 1.5BTH TH2BR,1.5BA$0.93
Hampton Court Apartments I & II2BR/1BA2BR,1BA$1.17
Lofts at Glenhaven2A Gold2BR,1.5BA$1.12
3950 Bradford Ct, Unit D3950 Bradford Ct1BR,1BA$1.19
100 Powers Rd, Unit 2100 Powers Rd2BR,1BA$1.06
Trails At BethabaraKensington1BR,1BA$1.14
Pegram Landing IIOne Bedroom1BR,1BA$0.54
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$1.15
Northwood Apartments2BR/1.0BA2BR,1BA$1.00

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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Quick Rent Budget Calculator

How much rent can you afford?

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
Winston-Salem, NC

Ranked #8

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Winston-Salem, NC

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Winston-Salem, NC Rentals by Map

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See the most popular apartments and homes in Winston-Salem, NC

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Frequently Asked Questions about Winston-Salem

What type of rentals are currently available in Winston-Salem?

There are currently 512 Apartments for Rent in Winston-Salem, NC with pricing that ranges from $386 to $3,759. There are also 441 Single Family Homes for rent, Condos, and Townhome rentals currently available in Winston-Salem ranging from $499 to $4,500.

What is the current price range for Rental Homes in Winston-Salem?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Winston-Salem ranges from $499 to $4,500 with an average monthly rent of $1,619.

How much are larger Three and Four Bedroom Rentals in Winston-Salem?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Winston-Salem range from $527 to $3,613, while Three Bedroom Homes, Condos, and Townhomes for rent range from $600 to $3,750. Four Bedroom Single-Family rentals are also available starting from $1,425 and Four Bedroom Apartments start at $950.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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.