
Cheap Apartments for Rent in the S Downtown Winston Salem Neighborhood of Winston-Salem, NC from $300 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in the S Downtown Winston Salem area of Winston-Salem.


Foxcreek Apartments

Hawk Ridge Apartments

The Lofts at the Plaza

Alder Ridge Apartments

Arbors Apartments

Sedgefield

Highland Oaks
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.

The Lofts at Woodsmill

Total Monthly Price
The Lofts at Little Creek/Lofts at Hillside

The Arlington

Room in House on Merry Oaks Trail

Total Monthly Price
Chamberlain Place Apartments

200 Braehill Apartments

Cambridge Park Apartments

2205 Sunderland Rd
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.

Plantation Place

Hillsborough

Bridgewater Place Apartments

Garden Park Hanes Mall

West Meadows Apartments

Townhomes at Little Creek

3608 Shady Acres Ln

2260-289W Sunderland Rd
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.

Brookford Place

Savannah Place

3771 Heathrow Dr

Villas at Vineyard

Vineyard Brook Apartments

Burke Ridge Crossing

Brylin Crossing

Stratford at Hillcrest
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.

114 Cedar Cove Ln

3697 Heathrow Dr

3697 Heathrow Dr

2350 Bay Meadows Ct

2421 Eagle Creek Ct

Pegram Landing II

Clemmons Station Apartment Homes

Clemmons Trace Village Apartments
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.

Clemmons Town Center

Pegram Landing
S Downtown Winston Salem, Winston-Salem, NC Local Guide

How much does it cost to rent an apartment in S Downtown Winston Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| S Downtown Winston Salem Studio Apartments | $1,005 | $930 | $1,175 |
| S Downtown Winston Salem 1 Bedroom Apartments | $1,194 | $386 | $1,805 |
| S Downtown Winston Salem 2 Bedroom Apartments | $1,412 | $459 | $1,875 |
| S Downtown Winston Salem 3 Bedroom Apartments | $1,741 | $527 | $2,866 |
Browse Apartments in this Neighborhood
There are currently 42 rentals with your search options within a 2 mile radius of the S Downtown Winston Salem Neighborhood of Winston-Salem, NC.
See all Apartments in Winston-SalemExplore Winston-Salem
S Downtown Winston Salem, Winston-Salem, NC Local Guide
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Cheapest Available S Downtown Winston Salem Apartments for Rent
 The cheapest available apartment rental in the S Downtown Winston Salem area of Winston-Salem, NC is a 1 Bed unit found at Pegram Landing II priced from $386. Gardens At Country Club has the second lowest priced unit, which is a 1 Bed apartment currently listed from $856. Here are the most affordable S Downtown Winston Salem apartments for rent in Winston-Salem, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pegram Landing II | One Bedroom | 1BR,1BA | $386 |
| Gardens At Country Club | 11 | 1BR,1BA | $856 |
| Foxcreek Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $930 |
| The Lofts at the Plaza | The Stratford | 1BR,1BA | $939 |
| Alder Ridge Apartments | 1 Bedroom, 1 Bath | 1BR,1BA | $950 |
| Arbors Apartments | 1 Bed, 1 bath | 1BR,1BA | $975 |
| Sedgefield | Stratford | 1BR,1BA | $1,004 |
| Clemmons Station Apartment Homes | One Bedroom | 1BR,1BA | $1,015 |
| Hawk Ridge Apartments | The Egret-Premier | Studio,1BA | $1,025 |
| Highland Oaks | 1 x 1 A | 1BR,1BA | $1,045 |
Best Value Apartments for Rent in S Downtown Winston Salem, NC
As of June 07, 2026 the best value apartment in the S Downtown Winston Salem area is the $1.37 price per square foot Abbott Model at Villas at PeaceHaven in the in the Southwest Winston Salem neighborhood starting from $2,325. The second greatest value S Downtown Winston Salem apartment is the Regency Premier Renovated Model at Cambridge Park Apartments starting at $1,924 with a $1.37 price per square foot in the West Winston Salem neighborhood. Here is today’s list of the best values for S Downtown Winston Salem apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Villas at PeaceHaven | Abbott | 3BR,2BA | $1.37 |
| Cambridge Park Apartments | Regency Premier Renovated | 3BR,2BA | $1.37 |
| Townhomes at Little Creek | TH-2B15BR | 2BR,1.5BA | $0.98 |
| The Arlington | 3BR 2BA - 1057sqft | 3BR,2BA | $1.39 |
| Villas at Vineyard | VV-2B2BP | 2BR,2BA | $1.11 |
| 200 Braehill Apartments | Fairview | 2BR,2BA | $1.26 |
| Chamberlain Place Apartments | 1 BR Traditional | 1BR,1.5BA | $1.37 |
| Arbors Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.34 |
| Pegram Landing II | One Bedroom | 1BR,1BA | $0.54 |
| The Lofts at the Plaza | The Stratford | 1BR,1BA | $1.39 |
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.
Read ArticleReal 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.
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 LifestyleS Downtown Winston Salem, Winston-Salem, NC
Ranked #49
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in S Downtown Winston Salem, Winston-Salem, NC
Ward Elementary
West Forsyth High
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, including Winston-Salem. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and proximity to parks, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap S Downtown Winston Salem Apartments
What is the Cheapest Studio apartment in S Downtown Winston Salem?
Currently the most affordable Cheap Studio Apartment in S Downtown Winston Salem is at Hawk Ridge Apartments listed at $1,025.
How much is rent for a Cheap One Bedroom S Downtown Winston Salem Apartment?
The lowest price for a Cheap One Bedroom S Downtown Winston Salem Apartment is $386 at Pegram Landing II.
What is the lowest price for a Cheap Two Bedroom S Downtown Winston Salem Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in S Downtown Winston Salem is starting from $459 at Pegram Landing II.
What is the most affordable S Downtown Winston Salem Three Bedroom Apartment?
The best deal on a cheap S Downtown Winston Salem Three Bedroom Apartment rental is at Pegram Landing II and starts from $527.
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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.