Cheap Apartments for Rent in the Washington Park Neighborhood of Winston-Salem, NC from $400 (58 Rentals)

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

property at 130 N Sunset Dr

$700 - $800

Total Monthly Price

Total Monthly Price

Base Rent
$700 - $800

Total Monthly Price
$700 - $800

1 Bedroom, 1 Bath Home for Rent

Available Now

130 N Sunset Dr

Winston-SalemNC27101

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.

property at 412 W 1st St

$795 - $995

1 Bedroom Rentals

Available Now

412 W 1st St

Winston-SalemNC27101

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.

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Hillside Apartments
2 Bedroom Apartments

Hillside Apartments

130 Weatherwood CtWinston-Salem, NC 27103
  • Utilities Included
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Holland Apartments
1 Bedroom Apartments

Holland Apartments

1121 Hutton StWinston-Salem, NC 27103
  • Utilities Included

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.

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600 Peters Creek
1 to 2 Bedroom Apartments

600 Peters Creek

600 Peters Creek PkyWinston-Salem, NC 27101
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862 Foxwood Pl
1 Bedroom Apartments

862 Foxwood Pl

862 Foxwood PlWinston-Salem, NC 27127
  • Utilities Included
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Salem Crossing
1 Bedroom Apartments

Salem Crossing

1111 Salem Valley RdWinston-Salem, NC 27103
  • Utilities Included
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Wilma Apartments
1 Bedroom Apartments

Wilma Apartments

220 N Hawthorne RdWinston-Salem, NC 27104
  • Utilities Included
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Starlight Manor
1 Bedroom Apartments

Starlight Manor

3200-3214 Starlight DrWinston-Salem, NC 27107
  • Utilities Included
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Woodlawn Apartments
1 to 2 Bedroom Apartments

Woodlawn Apartments

100 Weatherwood CtWinston-Salem, NC 27103
  • Utilities Included

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.

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Terra Churton
1 to 2 Bedroom Apartments

Terra Churton

1219 Churton StWinston-Salem, NC 27103
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1410 ACADEMY ST
Studio to 1 Bedroom Apartments

1410 ACADEMY ST

1410 Academy StWinston-Salem, NC 27103
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Terra Academy
Studio to 2 Bedroom Apartments

Terra Academy

1047 Academy StWinston-Salem, NC 27101

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.

Washington Park, Winston-Salem, NC Local Guide

Cheapest Available Washington Park Apartments for Rent

 

The cheapest available apartment rental in the Washington Park area of Winston-Salem, NC is a 1 Bed unit found at Salem Crest Apartment Homes priced from $785. 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 Washington Park apartments for rent in Winston-Salem, NC:

Apartment ListingModel NameBed/BathPriced From
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$785
The Residences at Diamond Ridge932B1BS2BR,1BA$820
1410 ACADEMY ST1BR/1.0BA1BR,1BA$825
Gray Court Apartments0BR/1.0BAStudio,1BA$895
Ardmore TerraceThe Cypress1BR,1BA$935
133 N Spring St1BR/1.0BA1BR,1BA$995
Twin City Townhomes2 Bedroom2BR,1BA$995

Best Value Apartments for Rent in Washington Park, NC

As of August 17, 2026 the best value apartment in the Washington Park area is the $1.27 price per square foot 3 Bedroom Model at Twin City Townhomes in the in the Oliver's Crossing neighborhood starting from $1,485. The second greatest value Washington Park apartment is the Two Bedroom One Bath Model at 664 2nd St NW starting at $1,095 with a $1.10 price per square foot in the South Central Winston Salem neighborhood. Here is today’s list of the best values for Washington Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Twin City Townhomes3 Bedroom3BR,1.5BA$1.27
664 2nd St NWTwo Bedroom One Bath2BR,1BA$1.10
Sentry PointeThe Guardian2BR,2BA$1.17
Arcadian Apartments1BR 1BA - 800sqft1BR,1BA$1.28
705 Alexander St, Unit 1705 Alexander St2BR,1BA$0.98
Arbor Pointe2 BR / 1 BA R2BR,1BA$1.33
Salem Crest Apartment Homes1 Bed/1 Bath1BR,1BA$1.15
235 Corona St, Unit 201235 Corona St1BR,1BA$1.19
1095 Hutton St, Unit C1095 Hutton St1BR,1BA$1.04
The Residences at Diamond Ridge931B1BSR1BR,1BA$1.31

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.

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Real 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.

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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.

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Lifestyle Ratings

This website is proud to bring you comprehensive Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across North Carolina including Washington Park, Winston-Salem, and the greater Winston-Salem area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, apartment complexes for the kids, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Washington Park Apartments

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

The cheapest apartment in Washington Park is Salem Crest Apartment Homes which is listed at $785, while the average apartment in Washington Park costs $1,515.

What types of apartments are the cheapest in Washington 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 9 regular apartments in Washington 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 Washington Park?

Cheap apartments in Washington Park have an average cost of $109 which is $1,406 cheaper than the average rent for all rentals in Washington 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

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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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.