Cheap Apartments for Rent in the Prospect Park Neighborhood of Winston-Salem, NC from $800 (20 Rentals)

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

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Hillside Gardens
2 Bedroom Apartments

Hillside Gardens

1350 N Chestnut StWinston-Salem, NC 27105
Showing Results 1-20, 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 Linville Ridge Apartments priced from $903. Kensington Village has the second lowest priced unit, which is a 2 Beds apartment currently listed from $925. Here are the most affordable Prospect Park apartments for rent in Winston-Salem, NC:

Apartment ListingModel NameBed/BathPriced From
Linville Ridge ApartmentsThe Carolinian1BR,1BA$903
Kensington VillageThe Lancaster2BR,1BA$925
Crestwood Gardens2 Bed/ 1 Bath2BR,1BA$999
Chatham Place Apartments1BR/1.0BA1BR,1BA$1,040
Village Lofts Apartments1BR/1.0BA1BR,1BA$1,125

Best Value Apartments for Rent in Prospect Park, NC

As of February 06, 2026 the best value apartment in the Prospect Park area is the $1.77 price per square foot B2 Model at Link Apartments® 4th Street in the in the Downtown Winston Salem neighborhood starting from $1,961. The second greatest value Prospect Park apartment is the SUITE 203A, 403A, 503A Model at Winston Factory Lofts starting at $1,995 with a $1.81 price per square foot in the Downtown 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.
Link Apartments® 4th StreetB22BR,2BA$1.77
Winston Factory LoftsSUITE 203A, 403A, 503A2BR,2BA$1.81
Brookside Townhomes3 BR / 1.5 BA R3BR,1.5BA$1.28
Gallery LoftsKahlo1BR,1BA$1.55
Mill 8001S1BR,1BA$1.70
Chatham Place Apartments1BR/1.0BA1BR,1BA$1.32
Crestwood Gardens2 Bed/ 1 Bath2BR,1BA$1.31
Kensington VillageThe Lancaster2BR,1BA$1.31
Brown School Lofts at Legacy Heights1 Bedroom Garden1BR,1BA$1.92
Linville Ridge ApartmentsThe Carolinian1BR,1BA$1.44

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 Linville Ridge Apartments which is listed at $900, while the average apartment in Prospect Park costs $2,075.

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 39 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 $643 which is $1,432 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.

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