Cheap Homes for Rent in Winston-Salem, NC from $400 (41 Rentals)

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Cheap Homes in Winston-Salem.

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.

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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.

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Winston-Salem, NC Local Guide

Cheapest Neighborhoods for Apartments in Winston-Salem, NC

Pricing Updated: 05/05/2025

Current apartment rentals in the Winston-Salem, NC area range in price from $386 to $4,507 with an overall median price of $2,309. The three Winston-Salem neighborhoods with the lowest median rent pricing are Silas Creek Parkway South at $695, Ogburn Station at $845, and McGregor Downs at $1,680. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Winston-Salem Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Silas Creek Parkway South$1,425$69536
Ogburn Station$1,474$8457
McGregor Downs$1,680$1,6801
Ardmore$1,686$69599
Mount Tabor$1,691$84884
Old Carver$1,700$1,7001
Northwest Winston Salem$1,703$84885
Old Town Heights$1,725$80027
Sedgemont$1,725$1,7251
Parkview$1,749$82510

Cheapest Available Winston-Salem Apartments for Rent

 

The cheapest available apartment rental in Winston-Salem, NC is a 1 Bed unit found at Pegram Landing II in the Shallowford Reserve neighborhood priced from $386. Northwood Apartments in the Northeast Winston Salem neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $600. Here is today’s list of the most affordable Winston-Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pegram Landing IIOne Bedroom1BR,1BA$386
Northwood Apartments1 Bedroom, 1 Bath2BR,1BA$600
Hunt Park Senior Apartments1 Bedroom1BR,1BA$693
Bridgewood11B1BR,1BA$705
The Flats at Salem111BR,1BA$765
BC - Broadbay CrossingsOne Bedroom- Classic1BR,1BA$775
June At Old Town1BR 1BA1BR,1BA$800
The View at 50101 Bedroom 1 Bath - A1BR,1BA$800
The Cove111BR,1BA$805

Best Value Apartments for Rent in Winston-Salem, NC

As of May 05, 2025 the best value apartment in the Winston-Salem area is the $0.93 price per square foot 2 Bedroom-1.5 Bath w/ Deck Model at Morgan Place Apartments in the in the Clemmons neighborhood starting from $1,125. The second greatest value Winston-Salem apartment is the 2B Flat Semi-Classic Model at Clemmons Village Apartments starting at $1,250 with a $1.10 price per square foot in the Clemmons neighborhood. Here is today’s list of the best values for Winston-Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Morgan Place Apartments2 Bedroom-1.5 Bath w/ Deck2BR,1.5BA$0.93
Clemmons Village Apartments2B Flat Semi-Classic2BR,1BA$1.10
Villas at VineyardVV-2B2BR2BR,2BA$1.11
Countryside Villa ApartmentsTWO BEDROOM GARDEN2BR,1.5BA$1.16
Brandemere Apartment HomesA1 - Carter1BR,1BA$1.13
1225 New Hope Ln, Unit B1225 New Hope Ln2BR,1BA$1.09
Fairfield Apartments2BR / 1BA2BR,1BA$1.19
Pegram Landing IIOne Bedroom1BR,1BA$0.54
Northwood Apartments2BR/1.0BA2BR,1BA$1.00
Hunt Park Senior Apartments1 Bedroom1BR,1BA$1.16

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Frequently Asked Questions about Winston-Salem

What type of rentals are currently available in Winston-Salem?

There are currently 501 Apartments for Rent in Winston-Salem, NC with pricing that ranges from $386 to $4,507. There are also 396 Single Family Homes for rent, Condos, and Townhome rentals currently available in Winston-Salem ranging from $499 to $3,900.

What is the current price range for Rental Homes in Winston-Salem?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Winston-Salem ranges from $499 to $3,900 with an average monthly rent of $1,900.

How much are larger Three and Four Bedroom Rentals in Winston-Salem?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Winston-Salem range from $527 to $4,094, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $3,695. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $1,349.

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.

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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.

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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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.