
Cheap Apartments for Rent in the Old Salem Neighborhood of Winston-Salem, NC from $400 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Salem area of Winston-Salem.


1340 Gray Ave NE

1231 Gholson Ave S East

1332 Gray Ave NE

128 Weatherwood Ct

Salem Crest Apartment Homes

1452 N Cherry St

The Residences at Diamond Ridge

2001 S Main St
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832 W 7th St

151 Westdale Ave NW

1124 W Academy St

1395 Chestnut Plains Ct

807 W End Blvd

1121 West End Blvd

Village Lofts Apartments

Chatham Place Apartments
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1609-1640 W Northwest Blvd
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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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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 | $1,222 | $995 | $1,372 |
Old Salem 1 Bedroom Apartments | $1,443 | $695 | $1,900 |
Old Salem 2 Bedroom Apartments | $1,836 | $695 | $3,702 |
Old Salem 3 Bedroom Apartments | $2,757 | $1,085 | $3,610 |
Browse Apartments in this Neighborhood
There are currently 45 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
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- Local Counties
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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 $845. 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 | 932B1BLR | 2BR,1BA | $845 |
Gray Court Apartments | 0BR/1.0BA | Studio,1BA | $895 |
Village Lofts Apartments | 0BR/1.0BA | Studio,1BA | $1,000 |
Chatham Place Apartments | 1BR/1.0BA | 1BR,1BA | $1,000 |
Link Apartments® Innovation Quarter | S2 | 1BR,1BA | $1,239 |
209 N Spring St | 1BR/1.0BA | 1BR,1BA | $1,250 |
Link Apartments® 4th Street | A1 | 1BR,1BA | $1,252 |
The Easley | S1 | Studio,1BA | $1,270 |
Best Value Apartments for Rent in Old Salem, NC
As of October 23, 2025 the best value apartment in the Old Salem area is the $1.39 price per square foot Calder Model at Gallery Lofts in the in the Downtown Winston Salem neighborhood starting from $1,915. The second greatest value Old Salem apartment is the 933B1BLR Model at The Residences at Diamond Ridge starting at $1,350 with a $1.35 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Gallery Lofts | Calder | 2BR,2BA | $1.39 |
The Residences at Diamond Ridge | 933B1BLR | 3BR,1BA | $1.35 |
Mill 800 | 1M | 1BR,1BA | $1.43 |
Edge Flats | A1.5 | 1BR,1BA | $1.86 |
715 Watson Ave., Unit C | 715 Watson Ave. | 2BR,1BA | $1.65 |
Gateway Apartments | 1.1 | 1BR,1BA | $1.68 |
512 Granville Dr, Unit 1 | 512 Granville Dr | 1BR,1BA | $1.59 |
Salem Crest Apartment Homes | 1 Bed/1 Bath | 1BR,1BA | $1.15 |
Brown School Lofts at Legacy Heights | 1 Bedroom Garden | 1BR,1BA | $1.92 |
Gray Court Apartments | 0BR/1.0BA | Studio ,1BA | $1.79 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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
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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 #24
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Old Salem Neighborhood in Winston-Salem, NC
Walk Score®
59 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
66 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,270.
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 $3,105.
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 39 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 $637 which is $2,468 cheaper than the average rent for all rentals in Old Salem.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.