Cheap Apartments for Rent in the Old Salem Neighborhood of Winston-Salem, NC from $400 (65 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
Hillside Apartments
2 Bedroom Apartments

Hillside Apartments

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

Holland Apartments

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

Salem Crossing

1111 Salem Valley RdWinston-Salem, NC 27103
  • Utilities Included
close
View Me
Colony Place Apartments
1 to 3 Bedroom Apartments

Colony Place Apartments

900 N Cleveland AveWinston-Salem, NC 27101
  • Utilities Included
close
View Me
Fairview Landing
1 to 2 Bedroom Apartments

Fairview Landing

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

Wilma Apartments

220 N Hawthorne RdWinston-Salem, NC 27104
  • Utilities Included

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.

Read Article
close
View Me
Woodlawn Apartments
1 to 2 Bedroom Apartments

Woodlawn Apartments

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

Terra Churton

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

1350 N Chestnut St

1350 N Chestnut StWinston-Salem, NC 27105

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.

Read Article
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 $820. 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 Ridge932B1BS2BR,1BA$820
Gray Court Apartments0BR/1.0BAStudio,1BA$895
2425-2445 Old Greensboro Rd2 Bedroom2BR,1BA$990
1121 West End Blvd0BR/1.0BAStudio,1BA$995
The Livery Apartments1 Bed1BR,1BA$1,020
Village Lofts Apartments1BR/1.0BA1BR,1BA$1,125
50 West Fourth Residences0 Beds, 1 BathsStudio,1BA$1,175
1306 Glade Street2BR/1.0BA2BR,1BA$1,195
Skyview Townhomes2 Bedroom2BR,1BA$1,200

Best Value Apartments for Rent in Old Salem, NC

As of June 08, 2026 the best value apartment in the Old Salem area is the $1.51 price per square foot O'Keefe Model at Gallery Lofts in the in the Downtown Winston Salem neighborhood starting from $1,705. The second greatest value Old Salem apartment is the Two Bedroom One Bath Model at 664 2nd St NW 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.
Gallery LoftsO'Keefe1BR,1BA$1.51
664 2nd St NWTwo Bedroom One Bath2BR,1BA$1.30
Village Lofts Apartments2BR/2.0BA2BR,2BA$1.61
Highland Commons2BR/1.0BA2BR,1BA$1.39
2425-2445 Old Greensboro Rd2 Bedroom2BR,1BA$1.10
715 Watson Ave., Unit C715 Watson Ave.2BR,1BA$1.65
Gateway Apartments1.11BR,1BA$1.68
1121 West End Blvd1BR/1.0BA1BR,1BA$1.59
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$1.15
The Residences at Diamond Ridge931B1BSR1BR,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 Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Old Salem, Winston-Salem, NC

Ranked #17

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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 $1,995.

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 18 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 $389 which is $1,606 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

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.