
Cheap Apartments for Rent in the Old Salem Neighborhood of Winston-Salem, NC from $400 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Salem area of Winston-Salem.


Salem Crest Apartment Homes

The Residences at Diamond Ridge

400 Duke St SW

1710 Lomond St

1396 Chestnut Plains Ct

1398 Chestnut Plains Ct

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.

2425-2445 Old Greensboro Rd

Highland Commons

Hillside Apartments

Holland Apartments

Gregory Street Apartments

Salem Crossing

Fairview Landing

Teakwood Manor 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.

First Street Apartments

Colony Place Apartments

Wilma Apartments

Woodlawn Apartments

1410 ACADEMY ST

Terra Churton

Summit St Apartments

The Villages at Ardmore Landing
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.

Hillside Gardens

Terra Academy

The Livery Apartments

Spring Garden Apartments

Skyline Village Apartments

Penburn Apartments

Salem View Apartments

Sterling Pointe Apartments
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.

Gray Court Apartments

555 East Apartments
Old Salem, Winston-Salem, NC Local Guide

How much does it cost to rent an apartment in Old Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Salem Studio Apartments | $1,415 | $1,175 | $1,543 |
| Old Salem 1 Bedroom Apartments | $1,471 | $775 | $1,905 |
| Old Salem 2 Bedroom Apartments | $1,880 | $820 | $3,572 |
| Old Salem 3 Bedroom Apartments | $2,093 | $1,085 | $3,528 |
Browse Apartments in this Neighborhood
There are currently 34 rentals with your search options within a 2 mile radius of the Old Salem Neighborhood of Winston-Salem, NC.
See all Apartments in Winston-SalemExplore Winston-Salem
Old Salem, Winston-Salem, NC Local Guide
- Nearby Winston-Salem neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Salem Crest Apartment Homes priced from $785. The Residences at Diamond Ridge has the second lowest priced unit, which is a 2 Beds apartment currently listed from $830. Here are the most affordable Old Salem apartments for rent in Winston-Salem, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Salem Crest Apartment Homes | 1 Bed/1 Bath | 1BR,1BA | $785 |
| The Residences at Diamond Ridge | 932B1BM | 2BR,1BA | $830 |
| Gray Court Apartments | 0BR/1.0BA | Studio,1BA | $895 |
| Hilltop House | A3 | 1BR,1BA | $989 |
| 2425-2445 Old Greensboro Rd | 2 Bedroom | 2BR,1BA | $990 |
| Highland Commons | 2 bedroom, 1 bathroom | 2BR,1BA | $1,000 |
| Village Lofts Apartments | 1BR/1.0BA | 1BR,1BA | $1,130 |
| 1306 Glade Street | 1BR/1.0BA | 1BR,1BA | $1,195 |
| Skyview Townhomes | 2 Bedroom | 2BR,1BA | $1,200 |
Best Value Apartments for Rent in Old Salem, NC
As of March 09, 2026 the best value apartment in the Old Salem area is the $1.53 price per square foot Douglas Model at Gallery Lofts in the in the Downtown Winston Salem neighborhood starting from $2,220. The second greatest value Old Salem apartment is the 2 Bedroom Model at 2425-2445 Old Greensboro Rd starting at $990 with a $1.10 price per square foot in the East Winston Salem neighborhood. Here is today’s list of the best values for Old Salem apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Gallery Lofts | Douglas | 2BR,2BA | $1.53 |
| 2425-2445 Old Greensboro Rd | 2 Bedroom | 2BR,1BA | $1.10 |
| Highland Commons | 2 bedroom, 1 bathroom | 2BR,1BA | $1.11 |
| Mill 800 | 1S | 1BR,1BA | $1.45 |
| 715 Watson Ave., Unit C | 715 Watson Ave. | 2BR,1BA | $1.65 |
| Chatham Place Apartments | 1BR/1.0BA | 1BR,1BA | $1.78 |
| Gateway Apartments | 1.1 | 1BR,1BA | $1.68 |
| Salem Crest Apartment Homes | 1 Bed/1 Bath | 1BR,1BA | $1.15 |
| 235 Corona St, Unit 302 | 235 Corona St | 1BR,1BA | $1.19 |
| The Residences at Diamond Ridge | 931B1BSR | 1BR,1BA | $1.31 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleOld Salem, Winston-Salem, NC
Ranked #22
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 $1,200.
What is the price of a cheap apartment in Old Salem?
The cheapest apartment in Old Salem is Salem Crest Apartment Homes which is listed at $785, while the average apartment in Old Salem costs $1,871.
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 32 regular apartments in Old Salem 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 Old Salem?
Cheap apartments in Old Salem have an average cost of $398 which is $1,473 cheaper than the average rent for all rentals in Old Salem.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.

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.

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.