Cheap Apartments for Rent in the Old Salem Neighborhood of Winston-Salem, NC from $400 (64 Rentals)

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

property at 1086 W Bank St

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

1 Bedroom, 0.5 Bath Home for Rent

Available Now

1086 W Bank St

Winston-SalemNC27101

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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

$845 - $895

1 To 2 Bedroom Rentals

Available Now

2001 S Main St

Winston-SalemNC27127

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.

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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.

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Hillside Apartments
2 Bedroom Apartments

Hillside Apartments

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

Holland Apartments

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

Salem Crossing

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

Fairview Landing

1120 Burke Village LnWinston-Salem, NC 27105
  • Utilities Included
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Wilma Apartments
1 Bedroom Apartments

Wilma Apartments

220 N Hawthorne RdWinston-Salem, NC 27104
  • 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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property at 1047 W Academy St

$695

Total Monthly Price

Total Monthly Price

Base Rent
$695
Total Monthly Price
$695

1 Bedroom, 1 Bath Condo for Rent

Available Now

1047 W Academy St, Unit 7, Unit 7

1047 W Academy St
Winston-SalemNC27101
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Woodlawn Apartments
1 to 2 Bedroom Apartments

Woodlawn Apartments

100 Weatherwood CtWinston-Salem, NC 27103
  • Utilities Included
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Terra Churton
1 to 2 Bedroom Apartments

Terra Churton

1219 Churton StWinston-Salem, NC 27103
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1350 N Chestnut St
2 Bedroom Apartments

1350 N Chestnut St

1350 N Chestnut StWinston-Salem, NC 27105
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Terra Academy
Studio to 2 Bedroom Apartments

Terra Academy

1047 Academy StWinston-Salem, NC 27101

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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Showing Results 1-50, Page 1 of 2

Old Salem, Winston-Salem, NC Local Guide

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 ListingModel NameBed/BathPriced From
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$785
The Residences at Diamond Ridge932B1BM2BR,1BA$830
Gray Court Apartments0BR/1.0BAStudio,1BA$895
2425-2445 Old Greensboro Rd2 Bedroom2BR,1BA$990
1306 Glade Street1BR/1.0BA1BR,1BA$995
The Livery Apartments1 Bed1BR,1BA$1,020
Hilltop HouseA31BR,1BA$1,074
600 Peters Creek2 bedroom 60%2BR,1BA$1,090
Village Lofts Apartments1BR/1.0BA1BR,1BA$1,130

Best Value Apartments for Rent in Old Salem, NC

As of April 23, 2026 the best value apartment in the Old Salem area is the $1.44 price per square foot B1.26 Model at Edge Flats in the in the Buena Vista neighborhood starting from $2,091. The second greatest value Old Salem apartment is the 664 W 2nd St Model at 664 W 2nd St starting at $1,295 with a $1.30 price per square foot in the South Central 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.
Edge FlatsB1.262BR,2BA$1.44
664 W 2nd St664 W 2nd St2BR,1BA$1.30
Gallery LoftsKahlo1BR,1BA$1.53
600 Peters Creek2 bedroom 60%2BR,1BA$1.11
Mill 8001M1BR,1BA$1.47
Highland Commons2BR/1.0BA2BR,1BA$1.39
2425-2445 Old Greensboro Rd2 Bedroom2BR,1BA$1.10
1225 New Hope Ln, Unit D1225 New Hope Ln2BR,1BA$1.03
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$1.15
The Residences at Diamond Ridge931B1BSR1BR,1BA$1.31

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The 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.

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Cash 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.

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Quick 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.

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Pet Friendly Lifestyle
Old Salem, Winston-Salem, NC

Ranked #18

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 $1,130.

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 $2,035.

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 29 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 $364 which is $1,671 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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.