Winston-Salem renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Winston-Salem is about $890 per month. This puts it in the 68th percentile compared to the state average cost of rent, which is $1,066. Households in Winston-Salem have a median income of $5,193 per month so the average renter in Winston-Salem is spending roughly 17% of their earnings on housing.
Nationally, and in Winston-Salem, home values are the data point most closely correlated with the cost of rent. The median price of a home in Winston-Salem is $175,234 right now, which is lower than nearby cities, meaning that rents in Winston-Salem also tend to be lower versus these nearby cities.
Higher rent prices are common in the western parts of Winston-Salem while lower rent rates are often available in southern areas.
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