Cheap Apartments for Rent in the Innovation Quarter Neighborhood of Winston-Salem, NC from $600 (9 Rentals)

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

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Colony Place Apartments
1 to 3 Bedroom Apartments

Colony Place Apartments

900 N Cleveland AveWinston-Salem, NC 27101
  • Utilities Included
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555 East Apartments
2 Bedroom Apartments

555 East Apartments

555 N Martin Luther King Jr DrWinston-Salem, NC 27101
  • Utilities Included

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Cheapest Available Innovation Quarter Apartments for Rent

 

The cheapest available apartment rental in the Innovation Quarter area of Winston-Salem, NC is a 1 Bed unit found at Village Lofts Apartments priced from $1,110. Hilltop House has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,295. Here are the most affordable Innovation Quarter apartments for rent in Winston-Salem, NC:

Apartment ListingModel NameBed/BathPriced From
Village Lofts Apartments1BR/1.0BA1BR,1BA$1,110
Hilltop HouseA51BR,1BA$1,295
Gateway Apartments1.11BR,1BA$1,300

Best Value Apartments for Rent in Innovation Quarter, NC

As of January 06, 2026 the best value apartment in the Innovation Quarter area is the $1.55 price per square foot Kahlo Model at Gallery Lofts in the in the Downtown Winston Salem neighborhood starting from $1,515. The second greatest value Innovation Quarter apartment is the UNIT 606B Model at Winston Factory Lofts starting at $1,820 with a $1.93 price per square foot in the Downtown Winston Salem neighborhood. Here is today’s list of the best values for Innovation Quarter apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Gallery LoftsKahlo1BR,1BA$1.55
Winston Factory LoftsUNIT 606B2BR,2BA$1.93
Chatham Place Apartments2BR/1.0BA2BR,1BA$2.26
Gateway Apartments1.11BR,1BA$1.68
Village Lofts Apartments2BR/1.0BA2BR,1BA$2.01
Plant 64 Apartment Homes1E1BR,1BA$2.26
Hilltop HouseA51BR,1BA$1.99
The ArtreauxA1.01BR,1BA$3.28

Frequently Asked Questions about Cheap Innovation Quarter Apartments

What is the price of a cheap apartment in Innovation Quarter?

The cheapest apartment in Innovation Quarter is Village Lofts Apartments which is listed at $1,110, while the average apartment in Innovation Quarter costs $3,290.

What types of apartments are the cheapest in Innovation Quarter?

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 29 regular apartments in Innovation Quarter 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.

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Written by: Justin Habersaat

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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.

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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!