
Cheap Apartments for Rent in the South Park Neighborhood of Winston-Salem, NC from $400 (35 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

1235 Gholson Ave S East

1404 W 4th St

The Residences at Diamond Ridge

1104 Apple St

Twin City Townhomes
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

400 Duke St SW

800 Lockland Ave, Unit B

1615 Argonne Blvd

725 Gales Ave

2517 Lewis St

Hillside Apartments

Holland Apartments

862 Foxwood Pl
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Gregory Street Apartments

Salem Crossing

Cedar Ridge Apartments

Starlight Manor

1425 Gholson Ave

Terra Churton

1410 Academy Street Apartments

Broadbay Crossings
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

422 Gregory St SW

Terra Academy

327 Taylor St SW

Skyline Village Apartments

Penburn Apartments

Salem View Apartments

Arbor Pointe

Morgan Ridge
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.

Arcadian Apartments

Crafton Townhouses

1916 Dacian St
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 | $958 | $430 | $1,800 |
| South Park 2 Bedroom Apartments | $919 | $513 | $1,500 |
| South Park 3 Bedroom Apartments | $1,381 | $1,190 | $1,785 |
| South Park 4 Bedroom Apartments | $1,300 | $1,300 | $1,300 |
Browse Apartments in this Neighborhood
There are currently 35 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- Classic | 1BR,1BA | $775 |
| The Residences at Diamond Ridge | 932B1BS | 2BR,1BA | $820 |
| Arbor Pointe | 2 BR / 1 BA PR | 2BR,1BA | $949 |
| Morgan Ridge | Singleton | 1BR,1BA | $976 |
| Twin City Townhomes | 2 Bedroom | 2BR,1BA | $995 |
| Arcadian Apartments | 1BR 1BA - 800sqft | 1BR,1BA | $1,020 |
| Gateway Apartments | 1.1 | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in South Park, NC
As of July 21, 2026 the best value apartment in the South Park area is the $1.08 price per square foot 1425 W Academy St Model at 1425 W Academy St, Unit Down in the in the South Central Winston Salem neighborhood starting from $1,295. The second greatest value South Park apartment is the 2 Bedroom Model at Twin City Townhomes starting at $995 with a $0.92 price per square foot in the Oliver's Crossing 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. |
|---|---|---|---|
| 1425 W Academy St, Unit Down | 1425 W Academy St | 3BR,1.5BA | $1.08 |
| Twin City Townhomes | 2 Bedroom | 2BR,1.5BA | $0.92 |
| 715 Watson Ave., Unit C | 715 Watson Ave. | 2BR,1BA | $1.65 |
| Morgan Ridge | Singleton | 1BR,1BA | $1.22 |
| Arcadian Apartments | 1BR 1BA - 800sqft | 1BR,1BA | $1.28 |
| Gateway Apartments | 1.1 | 1BR,1BA | $1.68 |
| Arbor Pointe | 2 BR / 1 BA R | 2BR,1BA | $1.26 |
| The Residences at Diamond Ridge | 931B1BSR | 1BR,1BA | $1.31 |
| Broadbay Crossings | One Bedroom- Classic | 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 $1,300.
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 $174 which is $1,126 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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.