
Cheap Apartments for Rent in the Innovation Quarter Neighborhood of Winston-Salem, NC from $650 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Innovation Quarter area of Winston-Salem.


1235 Gholson Ave S East

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705 Alexander St, Unit 1

412 W 1st St

646 Mulberry St SW
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115 S Spruce St

Village Lofts

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Hilltop House

1405 Gholson Ave S East

Chatham Place Apartments
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Gateway Apartments

Colony Place Apartments

1425 Gholson Ave

555 East Apartments

The Residences at The R.J. Reynolds Building
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Innovation Quarter, Winston-Salem, NC Local Guide

How much does it cost to rent an apartment in Innovation Quarter?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Innovation Quarter Studio Apartments | $1,694 | $1,687 | $1,708 |
| Innovation Quarter 1 Bedroom Apartments | $1,488 | $795 | $1,905 |
| Innovation Quarter 2 Bedroom Apartments | $1,999 | $695 | $3,764 |
| Innovation Quarter 3 Bedroom Apartments | $2,921 | $1,995 | $3,775 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Innovation Quarter Neighborhood of Winston-Salem, NC.
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Innovation Quarter, Winston-Salem, NC Local Guide
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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 priced from $1,035. Gateway Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here are the most affordable Innovation Quarter apartments for rent in Winston-Salem, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Village Lofts | 1BR/1.0BA | 1BR,1BA | $1,035 |
| Gateway Apartments | 1.1 | 1BR,1BA | $1,300 |
| Plant 64 Apartment Homes | 1K | 1BR,1BA | $1,339 |
| 50 West Fourth Residences | Apt 113 | 2BR,2BA | $1,495 |
| The Artreaux | A2.0 | 1BR,1BA | $1,497 |
Best Value Apartments for Rent in Innovation Quarter, NC
As of August 22, 2026 the best value apartment in the Innovation Quarter area is the $1.51 price per square foot Miro Model at Gallery Lofts in the in the Downtown Winston Salem neighborhood starting from $2,120. The second greatest value Innovation Quarter apartment is the 2BR/2.0BA Model at Village Lofts starting at $1,550 with a $1.61 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Gallery Lofts | Miro | 2BR,2BA | $1.51 |
| Village Lofts | 2BR/2.0BA | 2BR,2BA | $1.61 |
| Winston Factory Lofts | UNIT 604B | 2BR,2BA | $1.94 |
| 50 West Fourth Residences | Apt 104 | 2BR,2BA | $1.76 |
| 705 Alexander St, Unit 1 | 705 Alexander St | 2BR,1BA | $0.98 |
| Gateway Apartments | 1.1 | 1BR,1BA | $1.68 |
| The Artreaux | A4.0 | 1BR,1BA | $2.45 |
| Plant 64 Apartment Homes | 1N | 1BR,1BA | $2.70 |
| Link Apartments® Innovation Quarter | A1 | 1BR,1BA | $2.53 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Pet Friendly LifestyleInnovation Quarter, Winston-Salem, NC
Ranked #108
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 which is listed at $1,035, while the average apartment in Innovation Quarter costs $1,675.
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 13 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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.