Cheap Apartments for Rent in the Old Salem Neighborhood of Winston-Salem, NC from $400 (60 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Old Salem 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.

property at 300 N Spring St

$725 - $800

1 Bedroom Rentals

Available Now

300 N Spring St

Winston-SalemNC27101
property at 2001 S Main St

$825 - $945

1 To 2 Bedroom Rentals

Available Now

2001 S Main St

Winston-SalemNC27127

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Hillside Apartments
2 Bedroom Apartments

Hillside Apartments

130 Weatherwood CtWinston-Salem, NC 27103
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Holland Apartments
1 Bedroom Apartments

Holland Apartments

1121 Hutton StWinston-Salem, NC 27103
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Salem Crossing
1 Bedroom Apartments

Salem Crossing

1111 Salem Valley RdWinston-Salem, NC 27103
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Fairview Landing
1 to 2 Bedroom Apartments

Fairview Landing

1120 Burke Village LnWinston-Salem, NC 27105
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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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Colony Place Apartments
1 to 3 Bedroom Apartments

Colony Place Apartments

900 N Cleveland AveWinston-Salem, NC 27101
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Wilma Apartments
1 Bedroom Apartments

Wilma Apartments

220 N Hawthorne RdWinston-Salem, NC 27104
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Woodlawn Apartments
1 to 2 Bedroom Apartments

Woodlawn Apartments

100 Weatherwood CtWinston-Salem, NC 27103
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Aster Park Apartments
1 to 4 Bedroom Apartments

Aster Park Apartments

1620 Hope LnWinston-Salem, NC 27105
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1410 ACADEMY ST
Studio to 1 Bedroom Apartments

1410 ACADEMY ST

1410 Academy StWinston-Salem, NC 27103
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Terra Churton
1 to 2 Bedroom Apartments

Terra Churton

1219 Churton StWinston-Salem, NC 27103
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Hillside Gardens
2 Bedroom Apartments

Hillside Gardens

1350 N Chestnut StWinston-Salem, NC 27105

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Cheapest Available Old Salem Apartments for Rent

 

The cheapest available apartment rental in the Old Salem area of Winston-Salem, NC is a 1 Bed unit found at 1410 ACADEMY ST priced from $725. Salem Crest Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $785. Here are the most affordable Old Salem apartments for rent in Winston-Salem, NC:

Apartment ListingModel NameBed/BathPriced From
1410 ACADEMY ST1BR/1.0BA1BR,1BA$725
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$785
Gray Court Apartments0BR/1.0BAStudio,1BA$895
Hilltop HouseA31BR,1BA$989
Highland Commons2 bedroom, 1 bathroom2BR,1BA$1,000
Village Lofts Apartments1BR/1.0BA1BR,1BA$1,125
The EasleyS1Studio,1BA$1,220
Link Apartments® BrookstownS11BR,1BA$1,225
Brown School Lofts at Legacy Heights1 Bedroom Garden1BR,1BA$1,275

Best Value Apartments for Rent in Old Salem, NC

As of January 22, 2026 the best value apartment in the Old Salem area is the $0.84 price per square foot 1425 W Academy St Model at 1425 W Academy St, Unit UP in the in the South Central Winston Salem neighborhood starting from $925. The second greatest value Old Salem apartment is the Kahlo Model at Gallery Lofts starting at $1,515 with a $1.55 price per square foot in the Downtown Winston Salem neighborhood. Here is today’s list of the best values for Old Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1425 W Academy St, Unit UP1425 W Academy St2BR,1BA$0.84
Gallery LoftsKahlo1BR,1BA$1.55
Highland Commons2 bedroom, 1 bathroom2BR,1BA$1.11
Mill 8001S1BR,1BA$1.70
Edge FlatsA1.61BR,1BA$1.77
715 Watson Ave., Unit C715 Watson Ave.2BR,1BA$1.65
Chatham Place Apartments1BR/1.0BA1BR,1BA$1.78
Gateway Apartments1.11BR,1BA$1.68
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$1.15
Gray Court Apartments0BR/1.0BAStudio ,1BA$1.79

Frequently Asked Questions about Cheap Old Salem Apartments

What is a cheap apartment in Old Salem?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old Salem is under $1,275.

What is the price of a cheap apartment in Old Salem?

The cheapest apartment in Old Salem is 1410 ACADEMY ST which is listed at $725, while the average apartment in Old Salem costs $3,075.

What types of apartments are the cheapest in Old Salem?

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 34 regular apartments in Old Salem 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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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.

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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.

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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.

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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.