Cheap Homes for Rent in Winston-Salem, NC from $400 (70 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

Read Article

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.

Read Article

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.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-50, Page 1 of 2

Winston-Salem, NC Local Guide

Cheapest Neighborhoods for Apartments in Winston-Salem, NC

Pricing Updated: 12/22/2025

Current apartment rentals in the Winston-Salem, NC area range in price from $386 to $4,320 with an overall median price of $1,733. The three Winston-Salem neighborhoods with the lowest median rent pricing are Easton at $700, Flat Rock at $700, and Reynolda Forest Salem Lake 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
Easton$950$70012
Flat Rock$950$70013
Reynolda Forest Salem Lake$950$69516
Southeast Winston Salem$950$70014
Waughtown$950$70012
Parkview$969$82511
Salem Gardens$969$82511
Shattalon Heights$1,312$750145
Beacon Hill$1,337$740131
North Point Mallard Lakes$1,337$750102

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. 600 Peters Creek in the South Central Winston Salem neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $513. 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
600 Peters Creek2 bedroom 30%2BR,1BA$513
Northwood Apartments2BR/1.0BA2BR,1BA$675
Hunt Park Senior Apartments1 Bedroom1BR,1BA$693
Broadbay CrossingsOne Bedroom- Upgrade1BR,1BA$715
Corners at Crystal LakeFairlawn1BR,1BA$740
SHATTALON TERRACE APARTMENTSSHATTALON TERRACE APARTMENTS - 4-J1BR,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

Best Value Apartments for Rent in Winston-Salem, NC

As of December 22, 2025 the best value apartment in the Winston-Salem area is the $0.93 price per square foot 2BR - 1.5BTH TH R Model at Morgan Place Apartments in the in the Clemmons neighborhood starting from $1,125. The second greatest value Winston-Salem apartment is the 1425 W Academy St Model at 1425 W Academy St, Unit UP starting at $995 with a $0.90 price per square foot in the South Central Winston Salem 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.
Morgan Place Apartments2BR - 1.5BTH TH R2BR,1.5BA$0.93
1425 W Academy St, Unit UP1425 W Academy St2BR,1BA$0.90
Bethabara Village2 Bed 1.5 Bath2BR,1.5BA$0.91
Highland Commons2 bedroom, 1 bathroom2BR,1BA$1.11
Northwood Apartments3 Bedroom, 1 Bathroom3BR,1BA$1.16
100 Powers Rd, Unit 2100 Powers Rd2BR,1BA$1.06
Fiddlers Creek Apartments1x11BR,1BA$1.13
Pegram Landing IIOne Bedroom1BR,1BA$0.54
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$1.15
Hunt Park Senior Apartments1 Bedroom1BR,1BA$1.16

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

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

Decorative image of map

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

View Map
Winston-Salem, NC Apartments Map
View Map
Winston-Salem, NC Rental Homes Map

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 $4,320. There are also 459 Single Family Homes for rent, Condos, and Townhome rentals currently available in Winston-Salem ranging from $450 to $6,250.

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 $450 to $6,250 with an average monthly rent of $1,993.

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 $3,000. Four Bedroom Single-Family rentals are also available starting from $1,395 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 Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.