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124 Apartments for rent in Winston-Salem, NC

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Last updated September 25 at 5:19AM
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City Guide
Winston Salem
All the Basic Know-How

Pricing and Quality Some housing types here are more prominent than others. Detached single-family houses are very common, with apartment complexes and larger apartment or condominium buildings plentiful, as well. Smaller apartment buildings and town homes are also present, though not as abundant. In most areas of the city, apartments rarely go over $700 - $900 a month for a 2 or 3 bedroom, and can be as little as $300 - $400 a month depending on where you’re renting. Houses of the same caliber are slightly more expensive, going from $500 to the mid-1000s, again depending on location. As far as quality goes, what you’ll find depends on where you’re looking and whom you’re renting from:

  • Appliances and Amenities: Complexes or larger, newer apartment buildings often have a pool, patio, or other recreational facilities, and will usually have a parking lot or covered parking area. Some apartments come with a washer and/or dryer already installed, but many of them simply have hook-ups for you to provide your own. Similarly, most places will provide kitchen appliances such as a stove and refrigerator, but anything beyond that isn’t always standard.

  • Utilities: Air conditioning is a given in any apartment for the hot summer months. Central and window A/C units are plentiful, and heating comes in a variety of types, including electric, central, or oil-pump. It isn’t common to have many utilities included, except for water or trash, especially in smaller buildings.

  • Pets: Some places will allow pets (and yet many don’t). A deposit of up to $200 is often required, but watch out for breed or weight restrictions. If you have a lovable furry member of the family, always ask about the building’s pet policy to make sure they’ll be able to come with you.

Jump In!

Websites (Like the one you’re already on) and apartment listings both on and offline are your best bet for finding your place. Luckily, it’s not uncommon to find rent specials and low security deposit deals in Winston-Salem, especially in larger complexes and communities or buildings that are owned by larger management companies.

A Taste of the Terrain

Winston-Salem has a population of over 200,000, brimming with families, married young professionals, and college students attending the city’s many universities. The neighborhoods range from high-class historic neighborhoods to quaint, tree-lined streets, to more urban rental territory. On the whole, the west side is statistically more desireable and thus, more expensive. Here’s a taste of some of the many communities around the city:

Downtown/ Arts District:

The center of the city, rather unsurprisingly, sports mostly renters. Condos and apartment complexes of all kinds stack upwards in the hip, urban downtown area. The arts district along Trade Street, full of galleries, studios, and shops for every craft, is dotted with colorful murals.

West End: One of the most expensive areas, West End was once home to the wealthy tobacco and textile families, including R.J. Reynolds, himself! Its range of historic houses date back to the late 19th and early 20th centuries, with many apartments in the area, as well. Motorized trolleys take folks to West End’s abundant shopping and dining in this section of Winston-Salem.

Ardmore: This is the largest historic district in the city. It’s a neighborhood of old cottages and bungalows, with some smaller apartment complexes. Ardmore is bordered by two of the city’s regional medical centers, which employ a large portion of the population. If you move here and don’t have a job in the medical sector, don’t worry about it too much, the only possible issue would be not getting a medical joke, should one come up.

Old Salem: The site of Salem’s original settlement, with 70% original-construction houses and buildings dating back to the 1750s. This area has mostly single-family homes with some apartments, and contains many museums and historic cultural or tourist attractions. If you ever find yourself complaining about said tourists, we’ll try to refrain from dropping a “We told you so” bomb.

Buena Vista: Wealthy and suburban, this neighborhood sports beautiful streets lined in oak trees, and we all know how cool those look. The area deals mostly with houses and smaller apartment buildings, so if you’re a family looking to relocate, kids and all, this is probably your best bet, assuming it fits your price range. The dwellings here aren’t as old as many other parts of the city, but are more on the expensive side.

Peace Haven: A quiet area (with a name like “Peace Haven,” who would’ve guessed?) with an equal number of homes and apartments. Here, you’ll get some easy access to downtown and the nearby shopping districts, including Hanes Mall, one of the largest in North Carolina.

Getting Around

As a whole, Winston-Salem is a very suburban city. Most inhabitants travel by car on a daily basis, though the Winston-Salem Transit Authority does run 27 weekly bus routes that operate from early morning hours to midnight Monday through Saturday and serve hundreds of patrons a day.

Winston-Salem is a charming little city of many talents and trades. So whether you’re moving there to settle down in a quiet area with your family, jump on the industrial train, or just sit on the porch in your rocking chair and soak up the North Carolina charm, you’re bound to find your new digs in no time.

Rent Report
Winston-Salem

September 2017 Winston-Salem Rent Report

Welcome to the September 2017 Winston-Salem Rent Report. Winston-Salem rents increased over the past month. In this report, we'll evaluate trends in the Winston-Salem rental market, including comparisons to similar cities nationwide.

Winston-Salem rents increased significantly over the past month

Winston-Salem rents have increased 0.5% over the past month, and have increased significantly by 4.9% in comparison to the same time last year. Currently, median rents in Winston-Salem stand at $640 for a one-bedroom apartment and $780 for a two-bedroom. This is the sixth straight month that the city has seen rent increases after a decline in February. Winston-Salem's year-over-year rent growth leads the state average of 4.3%, as well as the national average of 3.0%.

Winston-Salem rents more affordable than many large cities nationwide

As rents have increased in Winston-Salem, a few large cities nationwide have seen also rents grow more modestly. Winston-Salem is still more affordable than most large cities across the country.

  • Rents also increased in other cities across the state, with North Carolina as a whole logging rent growth of 4.3% over the past year.
  • Winston-Salem's median two-bedroom rent of $780 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 4.9% increase in Winston-Salem.
  • While Winston-Salem's rents rose over the past year, many cities nationwide also saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Charlotte (+3.9%).
  • Renters will find more reasonable prices in Winston-Salem than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is nearly four times the price in Winston-Salem.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.