
Cheap Apartments for Rent in the Innovation Quarter Neighborhood of Winston-Salem, NC from $600 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Innovation Quarter area of Winston-Salem.


1327 Cunningham St

111 S Spruce St

Hilltop House
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.

Village Lofts Apartments

Colony Place Apartments

720 Alexander St

555 East Apartments
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.

114 N Jackson Ave
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 | $1,376 | $1,363 | $1,389 |
| Innovation Quarter 1 Bedroom Apartments | $1,412 | $895 | $1,905 |
| Innovation Quarter 2 Bedroom Apartments | $1,953 | $750 | $3,709 |
| Innovation Quarter 3 Bedroom Apartments | $3,260 | $2,850 | $3,613 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Innovation Quarter Neighborhood of Winston-Salem, NC.
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Village Lofts Apartments | 1BR/1.0BA | 1BR,1BA | $1,110 |
| Hilltop House | A5 | 1BR,1BA | $1,295 |
| Gateway Apartments | 1.1 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Gallery Lofts | Kahlo | 1BR,1BA | $1.55 |
| Winston Factory Lofts | UNIT 606B | 2BR,2BA | $1.93 |
| Chatham Place Apartments | 2BR/1.0BA | 2BR,1BA | $2.26 |
| Gateway Apartments | 1.1 | 1BR,1BA | $1.68 |
| Village Lofts Apartments | 2BR/1.0BA | 2BR,1BA | $2.01 |
| Plant 64 Apartment Homes | 1E | 1BR,1BA | $2.26 |
| Hilltop House | A5 | 1BR,1BA | $1.99 |
| The Artreaux | A1.0 | 1BR,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.
Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!