
Cheap Apartments for Rent in the South Park Neighborhood of Winston-Salem, NC from $400 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Park area of Winston-Salem.


1514 Gholson Ave S East

1231 Gholson Ave S East

3141 Russell Way Ln

1404 W 4th St

The Residences at Diamond Ridge

Twin City Townhomes

632 Mulberry St SW
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.

639 S Poplar St

725 Gales Ave

Hillside Apartments

Holland Apartments

862 Foxwood Pl

Gregory Street Apartments

Salem Crossing

Cedar Ridge Apartments
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.

Starlight Manor

1505 Williamson St

Terra Churton

1410 Academy Street Apartments

Broadbay Crossings

422 Gregory St SW

Terra Academy

327 Taylor St SW
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.

Skyline Village Apartments

Salem View Apartments

Penburn Apartments

Morgan Ridge

Arbor Pointe

Arcadian Apartments

Crafton Townhouses

1916 Dacian St
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.

1729 Gyro Dr
South Park, Winston-Salem, NC Local Guide

How much does it cost to rent an apartment in South Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Park 1 Bedroom Apartments | $966 | $430 | $1,800 |
| South Park 2 Bedroom Apartments | $939 | $513 | $1,500 |
| South Park 3 Bedroom Apartments | $1,316 | $1,190 | $1,445 |
Browse Apartments in this Neighborhood
There are currently 33 rentals with your search options within a 2 mile radius of the South Park Neighborhood of Winston-Salem, NC.
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South Park, Winston-Salem, NC Local Guide
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Cheapest Available South Park Apartments for Rent
 The cheapest available apartment rental in the South Park area of Winston-Salem, NC is a 1 Bed unit found at Broadbay Crossings priced from $775. The Residences at Diamond Ridge has the second lowest priced unit, which is a 2 Beds apartment currently listed from $820. Here are the most affordable South Park apartments for rent in Winston-Salem, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Broadbay Crossings | One Bedroom- Upgrade | 1BR,1BA | $775 |
| The Residences at Diamond Ridge | 932B1BS | 2BR,1BA | $820 |
| Twin City Townhomes | 1 Bedroom | 1BR,1BA | $895 |
| Morgan Ridge | Singleton | 1BR,1BA | $942 |
| Arbor Pointe | 2 BR / 1 BA R | 2BR,1BA | $999 |
| Arcadian Apartments | 1BR 1BA - 725sqft | 1BR,1BA | $1,000 |
| Gateway Apartments | 1.1 | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in South Park, NC
As of June 04, 2026 the best value apartment in the South Park area is the $1.65 price per square foot 715 Watson Ave. Model at 715 Watson Ave., Unit C in the in the Silas Creek Parkway South neighborhood starting from $1,400. The second greatest value South Park apartment is the Singleton Model at Morgan Ridge starting at $942 with a $1.18 price per square foot in the South Winston Salem neighborhood. Here is today’s list of the best values for South Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 715 Watson Ave., Unit C | 715 Watson Ave. | 2BR,1BA | $1.65 |
| Morgan Ridge | Singleton | 1BR,1BA | $1.18 |
| Gateway Apartments | 1.1 | 1BR,1BA | $1.68 |
| Arbor Pointe | 2 BR / 1 BA R | 2BR,1BA | $1.29 |
| Twin City Townhomes | 1 Bedroom | 1BR,1BA | $1.19 |
| Arcadian Apartments | 1BR 1BA - 725sqft | 1BR,1BA | $1.38 |
| The Residences at Diamond Ridge | 931B1BSR | 1BR,1BA | $1.31 |
| Broadbay Crossings | One Bedroom- Upgrade | 1BR,1BA | $1.35 |
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.
Best Local Schools in South Park, Winston-Salem, NC
Parkland High
Philo Middle
School data provided by Great Schools
Frequently Asked Questions about Cheap South Park Apartments
What is the price of a cheap apartment in South Park?
The cheapest apartment in South Park is Broadbay Crossings which is listed at $775, while the average apartment in South Park costs $1,325.
What types of apartments are the cheapest in South 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 2 regular apartments in South 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 South Park?
Cheap apartments in South Park have an average cost of $163 which is $1,162 cheaper than the average rent for all rentals in South 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

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.

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.