Cheap Apartments for Rent in the Innovation Quarter Neighborhood of Winston-Salem, NC from $650 (15 Rentals)

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

property at 412 W 1st St

$795 - $995

1 Bedroom Rentals

Available Now

412 W 1st St

Winston-SalemNC27101

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Hilltop House
$1,072 - $1,793
Total Monthly Price

Total Monthly Price

Base Rent
$1,072 - $1,793

Total Monthly Price
$1,072 - $1,793
1 to 2 Bedroom Apartments Available Sep 4

Hilltop House

241 S Cherry StWinston-Salem, NC 27101
Pet Friendly
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  • Customer Reviewed
  • 3D Tour

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Gateway Apartments
$1,300 - $1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $1,500

Total Monthly Price
$1,300 - $1,500
1 to 2 Bedroom Apartments Available Now

Gateway Apartments

1127 S Marshall StWinston-Salem, NC 27101
Student Housing
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  • Utilities Included
  • Smoke Free
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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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Innovation Quarter, Winston-Salem, NC Local Guide

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 ListingModel NameBed/BathPriced From
Village Lofts1BR/1.0BA1BR,1BA$1,035
Gateway Apartments1.11BR,1BA$1,300
Plant 64 Apartment Homes1K1BR,1BA$1,339
50 West Fourth ResidencesApt 1132BR,2BA$1,495
The ArtreauxA2.01BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Gallery LoftsMiro2BR,2BA$1.51
Village Lofts2BR/2.0BA2BR,2BA$1.61
Winston Factory LoftsUNIT 604B2BR,2BA$1.94
50 West Fourth ResidencesApt 1042BR,2BA$1.76
705 Alexander St, Unit 1705 Alexander St2BR,1BA$0.98
Gateway Apartments1.11BR,1BA$1.68
The ArtreauxA4.01BR,1BA$2.45
Plant 64 Apartment Homes1N1BR,1BA$2.70
Link Apartments® Innovation QuarterA11BR,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.

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Real 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 Lifestyle
Innovation Quarter, Winston-Salem, NC

Ranked #108

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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

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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.

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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.

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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.

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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.