Cheap Apartments for Rent in the Innovation Quarter Neighborhood of Winston-Salem, NC from $600 (23 Rentals)

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Cheap Apartments in the Innovation Quarter area of Winston-Salem.

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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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Colony Place Apartments
1 to 3 Bedroom Apartments

Colony Place Apartments

900 N Cleveland AveWinston-Salem, NC 27101
  • Utilities Included
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555 East Apartment Homes
2 Bedroom Apartments

555 East Apartment Homes

555 N Martin Luther King Jr DrWinston-Salem, NC 27101
  • Utilities Included

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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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757 North
1 to 2 Bedroom Apartments

757 North

757 N Chestnut StWinston-Salem, NC 27101

Innovation Quarter, Winston-Salem, NC Local Guide

Cheapest Available Innovation Quarter Apartments for Rent

 

The cheapest available apartment rental in the Innovation Quarter area of Winston-Salem, NC is a 2 Beds unit found at The Residences at Diamond Ridge priced from $830. Hilltop House has the second lowest priced unit, which is a 1 Bed apartment currently listed from $949. Here are the most affordable Innovation Quarter apartments for rent in Winston-Salem, NC:

Apartment ListingModel NameBed/BathPriced From
The Residences at Diamond Ridge932B1BM2BR,1BA$830
Hilltop HouseA31BR,1BA$949
Crestwood Gardens Apartments2 Bed/ 1 Bath2BR,1BA$999
50 West Fourth Residences1 Beds, 1 Baths1BR,1BA$1,235
Chatham Place Apartments1 Bed / 1 Bath1BR,1BA$1,255

Best Value Apartments for Rent in Innovation Quarter, NC

As of May 02, 2025 the best value apartment in the Innovation Quarter area is the $1.80 price per square foot B3 Model at West End Station in the in the South Central Winston Salem neighborhood starting from $2,180. The second greatest value Innovation Quarter apartment is the Two Bedroom Model at Village Lofts of Winston-Salem starting at $1,500 with a $1.56 price per square foot in the Downtown Winston Salem neighborhood. Here is today’s list of the best values for Innovation Quarter apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
West End StationB32BR,2BA$1.80
Village Lofts of Winston-SalemTwo Bedroom2BR,2BA$1.56
Winston Factory LoftsUNIT 605B2BR,2BA$2.16
Edge FlatsA1.31BR,1BA$2.05
The Residences at Diamond Ridge932B1BSR2BR,1BA$1.15
Gallery LoftsPicasso1BR,1BA$1.73
Gateway Apartments1.11BR,1BA$1.68
Crestwood Gardens Apartments2 Bed/ 1 Bath2BR,1BA$1.31
Hilltop HouseA41BR,1BA$1.74
50 West Fourth Residences1 Beds, 1 Baths1BR,1BA$1.99

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Pet Friendly Lifestyle
Innovation Quarter, Winston-Salem, NC

Ranked #17

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Innovation Quarter Neighborhood in Winston-Salem, NC

Walk Score®

67 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

68 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about Cheap Innovation Quarter Apartments

What is the price of a cheap apartment in Innovation Quarter?

The cheapest apartment in Innovation Quarter is Hilltop House which is listed at $949, while the average apartment in Innovation Quarter costs $3,000.

What types of apartments are the cheapest in Innovation Quarter?

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 29 regular apartments in Innovation Quarter 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 Innovation Quarter?

Cheap apartments in Innovation Quarter have an average cost of $380 which is $2,620 cheaper than the average rent for all rentals in Innovation Quarter.

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.