Cheap Apartments for Rent in the Watkins Neighborhood of Winston-Salem, NC from $400 (102 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Watkins 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.

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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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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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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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Hilltop House
$1,072 - $1,353
Total Monthly Price

Total Monthly Price

Base Rent
$1,072 - $1,353
Total Monthly Price
$1,072 - $1,353
1 to 2 Bedroom Apartments Available Sep 5

Hilltop House

241 S Cherry StWinston-Salem, NC 27101
Pet Friendly
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property at 238 Bond St

$1,195

2 Bedroom Rentals

Available Now

238 Bond St

Winston-SalemNC27127
property at 912 Pittsburg Ave

$1,199

Total Monthly Price

Total Monthly Price

Base Rent
$1,199
Total Monthly Price
$1,199

3 Bedroom, 1.5 Bath Townhome for Rent

Available Now

912 Pittsburg Ave

Winston-SalemNC27105

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.

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Watkins, Winston-Salem, NC Local Guide

Cheapest Available Watkins Apartments for Rent

 

The cheapest available apartment rental in the Watkins area of Winston-Salem, NC is a 2 Beds unit found at The Residences at Diamond Ridge priced from $820. 1410 ACADEMY ST has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable Watkins apartments for rent in Winston-Salem, NC:

Apartment ListingModel NameBed/BathPriced From
The Residences at Diamond Ridge932B1BS2BR,1BA$820
1410 ACADEMY ST1BR/1.0BA1BR,1BA$825
1350 N. Chestnut St.1BR/1.0BA1BR,1BA$850
Gray Court Apartments0BR/1.0BAStudio,1BA$895
Ardmore TerraceThe Cypress1BR,1BA$935
133 N Spring St1BR/1.0BA1BR,1BA$995
The Livery Apartments1 Bed1BR,1BA$1,000

Best Value Apartments for Rent in Watkins, NC

As of August 20, 2026 the best value apartment in the Watkins area is the $1.51 price per square foot Miro Model at Gallery Lofts in the in the Downtown Winston Salem neighborhood starting from $2,120. The second greatest value Watkins 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 Watkins apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Gallery LoftsMiro2BR,2BA$1.51
664 2nd St NWTwo Bedroom One Bath2BR,1BA$1.10
Village Lofts2BR/2.0BA2BR,2BA$1.61
Highland Commons2BR/1.0BA2BR,1BA$1.33
705 Alexander St, Unit 1705 Alexander St2BR,1BA$0.98
Ardmore TerraceThe Cypress1BR,1BA$1.33
Bromley Park1x11BR,1BA$1.61
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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Quick 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.

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Pet Friendly Lifestyle
Watkins, Winston-Salem, NC

Ranked #14

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Watkins, Winston-Salem, NC

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Winston-Salem, North Carolina. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and proximity to parks, transit availability, pet-friendly communities, family-friendliness, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Watkins Apartments

What is a cheap apartment in Watkins?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Watkins is under $1,000.

What is the price of a cheap apartment in Watkins?

The cheapest apartment in Watkins is 1410 ACADEMY ST which is listed at $825, while the average apartment in Watkins costs $1,624.

What types of apartments are the cheapest in Watkins?

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 18 regular apartments in Watkins 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 Watkins?

Cheap apartments in Watkins have an average cost of $444 which is $1,180 cheaper than the average rent for all rentals in Watkins.

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.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.