
Cheap Homes for Rent in Old Salem Neighborhood of Winston-Salem, NC from $400 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Old Salem area of Winston-Salem.


1652 N Cherry St

1047 W Academy St, Unit 7, Unit 7

1505 Williamson St

422 Gregory St SW

915 Carolina Ave NW
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.

327 Taylor St SW

120 S Poplar St

526 E 17th St

1024 W 13th St

212 Terrace Ave

2008 Hoover 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.

114 N Jackson Ave
Old Salem, Winston-Salem, NC Local Guide

How much does it cost to rent a home in Old Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Salem 2 Bedroom Homes for Rent | $1,339 | $895 | $1,900 |
| Old Salem 3 Bedroom Homes for Rent | $1,778 | $1,000 | $3,800 |
| Old Salem 4 Bedroom Homes for Rent | $2,228 | $1,495 | $3,150 |
Browse Homes for Rent in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Old Salem Neighborhood of Winston-Salem, NC.
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Old Salem, Winston-Salem, NC Local Guide
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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 $830. 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 | 932B1BM | 2BR,1BA | $830 |
| Gray Court Apartments | 0BR/1.0BA | Studio,1BA | $895 |
| 2425-2445 Old Greensboro Rd | 2 Bedroom | 2BR,1BA | $990 |
| 1306 Glade Street | 1BR/1.0BA | 1BR,1BA | $995 |
Best Value Apartments for Rent in Old Salem, NC
As of May 01, 2026 the best value apartment in the Old Salem area is the $1.44 price per square foot B1.26 Model at Edge Flats in the in the Buena Vista neighborhood starting from $2,095. The second greatest value Old Salem apartment is the Rivera Model at Gallery Lofts starting at $1,575 with a $1.53 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. |
|---|---|---|---|
| Edge Flats | B1.26 | 2BR,2BA | $1.44 |
| Gallery Lofts | Rivera | 1BR,1BA | $1.53 |
| 664 W 2nd St | 664 W 2nd St | 2BR,1BA | $1.30 |
| Highland Commons | 2BR/1.0BA | 2BR,1BA | $1.39 |
| 2425-2445 Old Greensboro Rd | 2 Bedroom | 2BR,1BA | $1.10 |
| 1612 W 1st St, Unit B | 1612 W 1st St | 1BR,1BA | $1.47 |
| Mill 800 | 1E | 1BR,1BA | $1.61 |
| 1225 New Hope Ln, Unit D | 1225 New Hope Ln | 2BR,1BA | $1.03 |
| Salem Crest Apartment Homes | 1 Bed/1 Bath | 1BR,1BA | $1.15 |
| The Residences at Diamond Ridge | 931B1BSR | 1BR,1BA | $1.31 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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
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.
Read ArticleCash 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 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 #21
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Old Salem
What type of rentals are currently available in Old Salem?
There are currently 217 Apartments for Rent in Old Salem, NC with pricing that ranges from $430 to $3,918. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Salem ranging from $499 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 $499 to $3,800 with an average monthly rent of $1,381.
How much are larger Three and Four Bedroom Rentals in Old Salem?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Old Salem range from $1,085 to $3,918, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $3,800. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $1,972.
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

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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.