Cheap Apartments for Rent in the Downtown Winston Salem Neighborhood of Winston-Salem, NC from $700 (17 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

close
View Me
The Livery Apartments
1 Bedroom Apartments

The Livery Apartments

648 Holly AveWinston-Salem, NC 27101
  • Utilities Included
close
View Me
Gray Court Apartments
Studio Apartments

Gray Court Apartments

450 N Broad StWinston-Salem, NC 27101
  • Utilities Included

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Downtown Winston Salem, Winston-Salem, NC Local Guide

Cheapest Available Downtown Winston Salem Apartments for Rent

 

The cheapest available apartment rental in the Downtown Winston Salem area of Winston-Salem, NC is a Studio unit found at Gray Court Apartments priced from $895. Hilltop House has the second lowest priced unit, which is a 1 Bed apartment currently listed from $949. Here are the most affordable Downtown Winston Salem apartments for rent in Winston-Salem, NC:

Apartment ListingModel NameBed/BathPriced From
Gray Court Apartments0BR/1.0BAStudio,1BA$895
Hilltop HouseA31BR,1BA$949
50 West Fourth Residences1 Beds, 1 Baths1BR,1BA$1,195
Chatham Place Apartments1 Bed / 1 Bath1BR,1BA$1,255
Mill 8001F1BR,1BA$1,298

Best Value Apartments for Rent in Downtown Winston Salem, NC

As of May 14, 2025 the best value apartment in the Downtown Winston Salem area is the $2.27 price per square foot B1.1 Model at The Artreaux in the in the South Central Winston Salem neighborhood starting from $2,564. The second greatest value Downtown Winston Salem apartment is the Rivera Model at Gallery Lofts starting at $1,575 with a $1.53 price per square foot in the Downtown Winston Salem neighborhood. Here is today’s list of the best values for Downtown Winston Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The ArtreauxB1.12BR,2BA$2.27
Gallery LoftsRivera1BR,1BA$1.53
Village Lofts of Winston-SalemTwo Bedroom2BR,2BA$1.56
Plant 64 Apartment Homes1P21BR,1BA$2.15
Chatham Place Apartments1 Bed / 1.5 Bath1BR,1.5BA$3.04
Hilltop HouseA51BR,1BA$1.92
The EasleyA11BR,1BA$2.40
50 West Fourth Residences1 Beds, 1 Baths1BR,1BA$2.17
Winston Factory LoftsUNIT 208B, 312B, 409B, 510B1BR,1BA$2.37
Gray Court Apartments0BR/1.0BAStudio ,1BA$1.79

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Winston Salem, Winston-Salem, NC

Ranked #65

Among neighborhoods in Winston-Salem, NC for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Getting Around the Downtown Winston Salem Neighborhood in Winston-Salem, NC

Walk Score®

87 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

75 / 100

Very Bikeable

Biking is convenient for most trips

Frequently Asked Questions about Cheap Downtown Winston Salem Apartments

What is a cheap apartment in Downtown Winston Salem?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Winston Salem is under $1,605.

What is the price of a cheap apartment in Downtown Winston Salem?

The cheapest apartment in Downtown Winston Salem is Hilltop House which is listed at $949, while the average apartment in Downtown Winston Salem costs $2,225.

What types of apartments are the cheapest in Downtown Winston Salem?

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 20 regular apartments in Downtown Winston Salem that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.