
Cheap Apartments for Rent in the Old Salem Neighborhood of Winston-Salem, NC from $400 (60 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Salem area of Winston-Salem.


1443 Clark Ave

832 Gray Ave NE

1235 Gholson Ave S East

128 Weatherwood Ct

1321 Cunningham St

1424 W 4th St

Salem Crest Apartment Homes

1332 Gray Ave NE

829 W 7th St
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.

1327 Cunningham St

200 High St

1400 W Academy St

300 N Spring St

1403-1405 Pilot View St

2001 S Main St

832 W 7th St

151 Westdale Ave NW

111 S Spruce St

135 Westdale Ave NW
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.

123 S Poplar St

405 N Spring St

400 Duke St SW

1395 Chestnut Plains Ct

1425 W Academy St, Unit UP

1396 Chestnut Plains Ct

Hilltop House

807 W End Blvd

1025 Carolina Ave NW

840 Carolina Ave NW
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.

803 W End Blvd

1004 Camel Heights Dr

812 West St

Highland Commons

Hillside Apartments

Holland Apartments

Gregory Street Apartments

Salem Crossing

Fairview Landing

Teakwood Manor 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.

Colony Place Apartments

First Street Apartments

Wilma Apartments

Woodlawn Apartments

Aster Park Apartments

1410 ACADEMY ST

Terra Churton

Summit St Apartments

The Villages at Ardmore Landing

Hillside Gardens
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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 | $1,328 | $1,260 | $1,411 |
| Old Salem 1 Bedroom Apartments | $1,397 | $695 | $4,320 |
| Old Salem 2 Bedroom Apartments | $1,843 | $695 | $3,519 |
| Old Salem 3 Bedroom Apartments | $2,755 | $1,085 | $3,438 |
| Old Salem 4 Bedroom Apartments | $1,995 | $1,995 | $1,995 |
Browse Apartments in this Neighborhood
There are currently 60 rentals with your search options within a 2 mile radius of the Old Salem Neighborhood of Winston-Salem, NC.
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1410 ACADEMY ST | 1BR/1.0BA | 1BR,1BA | $725 |
| Salem Crest Apartment Homes | 1 Bed/1 Bath | 1BR,1BA | $785 |
| Gray Court Apartments | 0BR/1.0BA | Studio,1BA | $895 |
| Hilltop House | A3 | 1BR,1BA | $989 |
| Highland Commons | 2 bedroom, 1 bathroom | 2BR,1BA | $1,000 |
| Village Lofts Apartments | 1BR/1.0BA | 1BR,1BA | $1,125 |
| The Easley | S1 | Studio,1BA | $1,220 |
| Link Apartments® Brookstown | S1 | 1BR,1BA | $1,225 |
| Brown School Lofts at Legacy Heights | 1 Bedroom Garden | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1425 W Academy St, Unit UP | 1425 W Academy St | 2BR,1BA | $0.84 |
| Gallery Lofts | Kahlo | 1BR,1BA | $1.55 |
| Highland Commons | 2 bedroom, 1 bathroom | 2BR,1BA | $1.11 |
| Mill 800 | 1S | 1BR,1BA | $1.70 |
| Edge Flats | A1.6 | 1BR,1BA | $1.77 |
| 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 |
| Gray Court Apartments | 0BR/1.0BA | Studio ,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

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.

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.