Cheap Homes for Rent in Winston-Salem, NC from $400 (81 Rentals)

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

property at 1047 W Academy St

$695

Total Monthly Price

Total Monthly Price

Base Rent
$695

Total Monthly Price
$695

1 Bedroom, 1 Bath Condo for Rent

Available Now

1047 W Academy St, Unit 7

1047 W Academy St
Winston-SalemNC27101

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.

property at 1086 W Bank St

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 0.5 Bath Home for Rent

Available Now

1086 W Bank St, Unit 201

1086 W Bank St
Winston-SalemNC27101

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.

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.

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.

property at 437 W 24th St

$850 - $975

2 Bedroom Rentals

Available Now

437 W 24th St

Winston-SalemNC27105

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Winston-Salem, NC Local Guide

Cheapest Neighborhoods for Apartments in Winston-Salem, NC

Pricing Updated: 02/17/2026

Current apartment rentals in the Winston-Salem, NC area range in price from $386 to $3,600 with an overall median price of $1,722. The three Winston-Salem neighborhoods with the lowest median rent pricing are Parkview at $825, Salem Gardens at $825, and South Winston Salem at $745. 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
Parkview$999$82520
Salem Gardens$999$82520
South Winston Salem$1,085$74514
Easton$1,200$67520
Flat Rock$1,200$67523
Reynolda Forest Salem Lake$1,200$69518
Southeast Winston Salem$1,200$67522
Waughtown$1,200$67520
Cedar Forest$1,350$75060
Shattalon Heights$1,355$695147

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 $675. 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 Apartments2BR/1.0BA2BR,1BA$675
Broadbay CrossingsOne Bedroom- Classic1BR,1BA$715
1410 ACADEMY ST1BR/1.0BA1BR,1BA$725
Countryside Gardens1 Bed / 1 Bath1BR,1BA$750
Gardens At Country Club111BR,1BA$769
3640-3690 Yarbrough Ave1 BR 1 BA1BR,1BA$775
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$785

Best Value Apartments for Rent in Winston-Salem, NC

As of February 18, 2026 the best value apartment in the Winston-Salem area is the $0.98 price per square foot TH-2B1BR Model at Townhomes at Little Creek in the in the West Winston Salem neighborhood starting from $1,199. The second greatest value Winston-Salem apartment is the 2BR - 1.5BTH TH R 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.
Townhomes at Little CreekTH-2B1BR2BR,1.5BA$0.98
Morgan Place Apartments2BR - 1.5BTH TH R2BR,1.5BA$0.93
1425 W Academy St, Unit UP1425 W Academy St2BR,1BA$0.84
Villas at VineyardVV-2B2BR2BR,2BA$1.11
The Village at Heather HillsHeather South $10952BR,2BA$0.88
Bethabara Village2 Bed 1.5 Bath2BR,1.5BA$0.96
Lake Park Apartments2 Bedroom, 2 Full Bath2BR,2BA$1.14
Highland Commons2 bedroom, 1 bathroom2BR,1BA$1.11
Fiddlers Creek Apartments1x11BR,1BA$1.13
Pegram Landing IIOne Bedroom1BR,1BA$0.54

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

Explore Winston-Salem, NC Rentals by Map

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Frequently Asked Questions about Winston-Salem

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

There are currently 548 Apartments for Rent in Winston-Salem, NC with pricing that ranges from $386 to $3,600. There are also 430 Single Family Homes for rent, Condos, and Townhome rentals currently available in Winston-Salem ranging from $490 to $5,000.

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 $490 to $5,000 with an average monthly rent of $1,498.

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 $3,543, while Three Bedroom Homes, Condos, and Townhomes for rent range from $600 to $3,800. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $900.

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 Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.