Cheap Apartments for Rent in the Innovation Quarter Neighborhood of Winston-Salem, NC from $600 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Hilltop House
$949 - $1,610
Total Monthly Price

Total Monthly Price

Base Rent
$899 - $1,560
Required Monthly Fees
$50

Total Monthly Price
$949 - $1,610
1 to 2 Bedroom Apartments Available Now

Hilltop House

241 S Cherry StWinston-Salem, NC 27101
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Colony Place Apartments
1 to 3 Bedroom Apartments

Colony Place Apartments

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

555 East Apartments

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

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.

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 Hilltop House priced from $949. Chatham Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,040. Here are the most affordable Innovation Quarter apartments for rent in Winston-Salem, NC:

Apartment ListingModel NameBed/BathPriced From
Hilltop HouseA21BR,1BA$949
Chatham Place Apartments1BR/1.0BA1BR,1BA$1,040
Village Lofts Apartments1BR/1.0BA1BR,1BA$1,125
Link Apartments® Innovation QuarterS21BR,1BA$1,271
Gateway Apartments1.11BR,1BA$1,300

Best Value Apartments for Rent in Innovation Quarter, NC

As of February 22, 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 603B Model at Winston Factory Lofts starting at $1,895 with a $1.97 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 603B2BR,2BA$1.97
Chatham Place Apartments1BR/1.0BA1BR,1BA$1.32
Gateway Apartments1.11BR,1BA$1.68
Plant 64 Apartment Homes1N1BR,1BA$2.55
Link Apartments® Innovation QuarterA11BR,1BA$2.64
Hilltop HouseA41BR,1BA$1.85
50 West Fourth Residences1 Beds, 1 Baths1BR,1BA$2.31
Village Lofts Apartments1BR/1.0BA1BR,1BA$2.03
The ArtreauxA1.01BR,1BA$3.25

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 Hilltop House which is listed at $949, while the average apartment in Innovation Quarter costs $2,612.

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 23 regular apartments in Innovation Quarter 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 Innovation Quarter?

Cheap apartments in Innovation Quarter have an average cost of $904 which is $1,708 cheaper than the average rent for all rentals in Innovation Quarter.

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.

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

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.

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.