Cheap Homes for Rent in the Old Salem Neighborhood of Winston-Salem, NC from $600 (32 Rentals)

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

property at 130 N Sunset Dr

$700 - $800

Total Monthly Price

Total Monthly Price

Base Rent
$700 - $800
Total Monthly Price
$700 - $800

1 Bedroom, 1 Bath Home for Rent

Available Now

130 N Sunset Dr

Winston-SalemNC27101

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 832 W 7th St

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925

2 Bedroom, 1 Bath Home for Rent

Available Now

832 W 7th St

Winston-SalemNC27101

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article
property at 1615 Argonne Blvd

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

2 Bedroom, 2 Bath Home for Rent

Available Now

1615 Argonne Blvd

Winston-SalemNC27107

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 912 Pittsburg Ave

$1,199

Total Monthly Price

Total Monthly Price

Base Rent
$1,199
Total Monthly Price
$1,199

3 Bedroom, 1.5 Bath Townhome for Rent

Available Now

912 Pittsburg Ave

Winston-SalemNC27105
property at 931 Moravia St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

3 Bedroom, 1 Bath Home for Rent

Available Now

931 Moravia St

Winston-SalemNC27107

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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Showing Results 1-32, Page 1 of 1

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
Village Lofts0BR/1.0BAStudio,1BA$950
2425-2445 Old Greensboro Rd2 Bedroom2BR,1BA$990
664 2nd St NWTwo Bedroom One Bath2BR,1BA$1,095
Skyview Townhomes2 Bedroom2BR,1BA$1,200
Brown School Lofts1 Bdrm Garden, 664 SqFt, Market,1BR,1BA$1,275

Best Value Apartments for Rent in Old Salem, NC

As of July 31, 2026 the best value apartment in the Old Salem area is the $1.51 price per square foot Miro Model at Gallery Lofts in the in the Downtown Winston Salem neighborhood starting from $2,120. The second greatest value Old Salem apartment is the Two Bedroom One Bath Model at 664 2nd St NW starting at $1,095 with a $1.10 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 LoftsMiro2BR,2BA$1.51
664 2nd St NWTwo Bedroom One Bath2BR,1BA$1.10
2425-2445 Old Greensboro Rd2 Bedroom2BR,1BA$1.10
715 Watson Ave., Unit C715 Watson Ave.2BR,1BA$1.65
1606 N Patterson Ave, Unit 1604 D N Patterson Ave1606 N Patterson Ave2BR,1BA$1.28
Gateway Apartments1.11BR,1BA$1.68
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$1.15
235 Corona St, Unit 201235 Corona St1BR,1BA$1.19
The Residences at Diamond Ridge931B1BSR1BR,1BA$1.31
Gray Court Apartments0BR/1.0BAStudio ,1BA$1.79

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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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.

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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 #20

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Old Salem

What type of rentals are currently available in Old Salem?

There are currently 220 Apartments for Rent in Old Salem, NC with pricing that ranges from $430 to $3,934. There are also 75 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Salem ranging from $695 to $3,800.

What is the current price range for Rental Homes in Old Salem?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Old Salem ranges from $695 to $3,800 with an average monthly rent of $1,444.

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 Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.