65 Apartments under 700 for rent in Winston-Salem, NC

Last updated November 22 at 8:34am UTC
2824 Teakwood Ct
Town and Country Estates
Winston-Salem, NC
Updated November 22 at 1:29am UTC
1 Bedroom
$495
2835 Teakwood Ct
Town and Country Estates
Winston-Salem, NC
Updated November 16 at 12:25pm UTC
1 Bedroom
$500
114 Laura Wall Blvd
East Winston
Winston-Salem, NC
Updated November 16 at 12:19pm UTC
3 Bedrooms
$675
2681 Fairlawn Dr
Town and Country Estates
Winston-Salem, NC
Updated November 16 at 12:25pm UTC
2 Bedrooms
$695
3861 LEO STREET
Montview
Winston-Salem, NC
Updated November 7 at 11:55am UTC
2 Bedrooms
$565
551 W 24 1/2 St
Boston Thurmon
Winston-Salem, NC
Updated November 21 at 6:01pm UTC
2 Bedrooms
$600
2824 Teakwood Ct
Town and Country Estates
Winston-Salem, NC
Updated November 16 at 12:25pm UTC
2 Bedrooms
$695
2901 New Walkertown Rd
Eastgate Village
Winston-Salem, NC
Updated November 16 at 12:34pm UTC
1 Bedroom
$525
2900 New Walkertown Rd
Eastgate Village
Winston-Salem, NC
Updated November 22 at 1:36am UTC
1 Bedroom
$525
1126 Conley St
Ogburn Station
Winston-Salem, NC
Updated November 22 at 1:36am UTC
2 Bedrooms
$550
2090 Cole Rd
Parkview
Winston-Salem, NC
Updated October 25 at 10:43am UTC
2 Bedrooms
$525
2931 New Walkertown Rd
Eastgate Village
Winston-Salem, NC
Updated November 22 at 1:36am UTC
1 Bedroom
$525
5008 Pinewood Court
Roman Acres
Winston-Salem, NC
Updated October 12 at 10:31am UTC
2 Bedrooms
$695
5470 Shattalon Dr
Winston-Salem
Winston-Salem, NC
Updated November 22 at 1:35am UTC
2 Bedrooms
$585
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November 2017 Winston-Salem Rent Report

Welcome to the November 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 cities throughout the state and nation.

View full Winston-Salem Rent Report
Rent Report
Winston-Salem

November 2017 Winston-Salem Rent Report

Welcome to the November 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 cities throughout the state and nation.

Winston-Salem rents increased significantly over the past month

Winston-Salem rents have increased 0.4% over the past month, and have increased significantly by 4.3% in comparison to the same time last year. Currently, median rents in Winston-Salem stand at $650 for a one-bedroom apartment and $790 for a two-bedroom. This is the eighth 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 3.6%, as well as the national average of 2.7%.

Rents rising across cities in North Carolina

Throughout the past year, rent increases have been occurring not just in the city of Winston-Salem, but across the entire state. Of the largest 10 cities that we have data for in North Carolina, all of them have seen prices rise. The state as a whole logged rent growth of 3.6% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Cary is the most expensive of all North Carolina's major cities, with a median two-bedroom rent of $1,220; of the 10 largest North Carolina cities that we have data for, all have seen rents rise year-over-year, with Fayetteville experiencing the fastest growth (+5.7%).
  • Wilmington, Winston-Salem, and Cary have all experienced year-over-year growth above the state average (4.6%, 4.3%, and 3.8%, respectively).

Winston-Salem rents more affordable than many large cities nationwide

As rents have increased significantly in Winston-Salem, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Winston-Salem is still more affordable than most large cities across the country.

  • Winston-Salem's median two-bedroom rent of $790 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 4.3% increase in Winston-Salem.
  • While Winston-Salem's rents rose significantly over the past year, some cities nationwide saw decreases, including New York (-0.2%) and Miami (-0.2%).
  • 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.