Cheap Apartments for Rent in the Innovation Quarter Neighborhood of Winston-Salem, NC from $600 (18 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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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555 East Apartment Homes
2 Bedroom Apartments

555 East Apartment Homes

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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757 North
1 to 2 Bedroom Apartments

757 North

757 N Chestnut StWinston-Salem, NC 27101

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 2 Beds unit found at The Residences at Diamond Ridge priced from $885. Welcome to the privately owned Creswtood G... has the second lowest priced unit, which is a 2 Beds apartment currently listed from $999. Here are the most affordable Innovation Quarter apartments for rent in Winston-Salem, NC:

Apartment ListingModel NameBed/BathPriced From
The Residences at Diamond Ridge932B1BMR2BR,1BA$885
Welcome to the privately owned Creswtood G...2 Bed/ 1 Bath2BR,1BA$999
Hilltop HouseA31BR,1BA$1,100
Chatham Place Apartments1BR/1.0BA1BR,1BA$1,200
Gateway Apartments1.11BR,1BA$1,300

Best Value Apartments for Rent in Innovation Quarter, NC

As of June 05, 2025 the best value apartment in the Innovation Quarter area is the $1.55 price per square foot Rivera Model at Gallery Lofts in the in the East Winston Salem neighborhood starting from $1,600. The second greatest value Innovation Quarter apartment is the 933B1BSR Model at The Residences at Diamond Ridge starting at $1,255 with a $1.35 price per square foot in the South 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 LoftsRivera1BR,1BA$1.55
The Residences at Diamond Ridge933B1BSR3BR,1BA$1.35
50 West Fourth Residences2 Beds, 2 Baths2BR,2BA$1.64
Village Lofts of Winston-Salem2 Bed / 2 Bath2BR,2BA$1.62
Plant 64 Apartment Homes1P21BR,1BA$2.15
Winston Factory LoftsUNIT 605B2BR,2BA$2.16
Edge FlatsA1.21BR,1BA$2.11
Welcome to the privately owned Creswtood G...Cottage 3 Bed / 1 Bath3BR,1BA$1.37
Gateway Apartments1.11BR,1BA$1.68
Hilltop HouseA11BR,1BA$1.88

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Pet Friendly Lifestyle
Innovation Quarter, Winston-Salem, NC

Ranked #20

Among neighborhoods in Winston-Salem, NC for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Innovation Quarter Neighborhood in Winston-Salem, NC

Walk Score®

67 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

68 / 100

Bikeable

Some bike infrastructure

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 $975, while the average apartment in Innovation Quarter costs $3,000.

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 20 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 $448 which is $2,552 cheaper than the average rent for all rentals in Innovation Quarter.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.