Cheap Homes for Rent in Old Salem Neighborhood of Winston-Salem, NC from $400 (26 Rentals)

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

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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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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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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Showing Results 1-26, 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 600 Peters Creek priced from $430. 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 ListingModel NameBed/BathPriced From
600 Peters Creek1 bedroom 30%1BR,1BA$430
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$785
The Residences at Diamond Ridge932B1BMR2BR,1BA$885
Gray Court Apartments0BR/1.0BAStudio,1BA$895
Village Lofts Apartments1BR/1.0BA1BR,1BA$1,120
Link Apartments® 4th StreetA11BR,1BA$1,161
Hilltop HouseA41BR,1BA$1,190
209 N Spring St1BR/1.0BA1BR,1BA$1,195
Highland Commons2BR/1.0BA2BR,1BA$1,195

Best Value Apartments for Rent in Old Salem, NC

As of December 11, 2025 the best value apartment in the Old Salem area is the $1.53 price per square foot Douglas Model at Gallery Lofts in the in the Downtown Winston Salem neighborhood starting from $2,220. The second greatest value Old Salem apartment is the B1 Model at West End Station starting at $2,100 with a $1.76 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 LoftsDouglas2BR,2BA$1.53
West End StationB12BR,2BA$1.76
The Residences at Diamond Ridge933B1BLR3BR,1BA$1.19
Highland Commons2BR/1.0BA2BR,1BA$1.33
715 Watson Ave., Unit C715 Watson Ave.2BR,1BA$1.65
209 N Spring St1BR/1.0BA1BR,1BA$1.51
Gateway Apartments1.11BR,1BA$1.68
600 Peters Creek1 bedroom 60%1BR,1BA$1.25
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$1.15
235 Corona St, Unit 304235 Corona St1BR,1BA$1.19

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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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 #28

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 Old Salem

What type of rentals are currently available in Old Salem?

There are currently 214 Apartments for Rent in Old Salem, NC with pricing that ranges from $430 to $3,709. There are also 71 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Salem ranging from $499 to $3,980.

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 $499 to $3,980 with an average monthly rent of $1,318.

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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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.