Cheap Apartments for Rent in the Prospect Park Neighborhood of Winston-Salem, NC from $800 (19 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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 Prospect Park 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.

Read Article
close
View Me
50 West Fourth Residences
Rent Specials
$1,175 - $1,495
Total Monthly Price

Total Monthly Price

Base Rent
$1,060 - $1,380
Required Monthly Fees
$115
Total Monthly Price
$1,175 - $1,495
Studio to 1 Bedroom Apartments Available Mar 26

50 West Fourth Residences

50 W 4th StWinston-Salem, NC 27101
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
close
View Me
Winston Factory Lofts
Rent Specials
$1,280 - $2,340
Total Monthly Price

Total Monthly Price

Base Rent
$1,165 - $2,225
Required Monthly Fees
$115
Total Monthly Price
$1,280 - $2,340
1 to 3 Bedroom Apartments Available Now

Winston Factory Lofts

675 N Main StWinston-Salem, NC 27101
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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
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 1-19, Page 1 of 1

Cheapest Available Prospect Park Apartments for Rent

 

The cheapest available apartment rental in the Prospect Park area of Winston-Salem, NC is a 1 Bed unit found at Kensington Village priced from $850. 2425-2445 Old Greensboro Rd has the second lowest priced unit, which is a 2 Beds apartment currently listed from $990. Here are the most affordable Prospect Park apartments for rent in Winston-Salem, NC:

Apartment ListingModel NameBed/BathPriced From
Kensington VillageThe Saville1BR,1BA$850
2425-2445 Old Greensboro Rd2 Bedroom2BR,1BA$990
Crestwood Gardens2 Bed/ 1 Bath2BR,1BA$999
Village Lofts Apartments1BR/1.0BA1BR,1BA$1,080
Skyview Townhomes2 Bedroom2BR,1BA$1,200

Best Value Apartments for Rent in Prospect Park, NC

As of March 24, 2026 the best value apartment in the Prospect Park area is the $1.44 price per square foot 2X Model at Mill 800 in the in the Downtown Winston Salem neighborhood starting from $1,660. The second greatest value Prospect Park apartment is the 3 BR / 1.5 BA R Model at Brookside Townhomes starting at $1,349 with a $1.28 price per square foot in the Northeast Winston Salem neighborhood. Here is today’s list of the best values for Prospect Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mill 8002X2BR,2BA$1.44
Brookside Townhomes3 BR / 1.5 BA R3BR,1.5BA$1.28
Gallery LoftsKahlo1BR,1BA$1.55
2425-2445 Old Greensboro Rd2 Bedroom2BR,1BA$1.10
Chatham Place Apartments1BR/1.0BA1BR,1BA$1.78
Crestwood Gardens2 Bed/ 1 Bath2BR,1BA$1.31
Village Lofts Apartments2BR/1.0BA2BR,1BA$2.01
4th and Green1x1 Moss Handicap1BR,1BA$2.29
Brown School Lofts at Legacy Heights1 Bedroom Garden1BR,1BA$1.92
Kensington VillageThe Saville1BR,1BA$1.60

Frequently Asked Questions about Cheap Prospect Park Apartments

What is the price of a cheap apartment in Prospect Park?

The cheapest apartment in Prospect Park is Kensington Village which is listed at $850, while the average apartment in Prospect Park costs $2,137.

What types of apartments are the cheapest in Prospect Park?

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 28 regular apartments in Prospect Park 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 Prospect Park?

Cheap apartments in Prospect Park have an average cost of $531 which is $1,606 cheaper than the average rent for all rentals in Prospect Park.

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 Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.