Apartments in Silas Creek Parkway South Winston-Salem

Winston-Salem:
May Rent Report

Welcome to the May 2024 Winston-Salem Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Winston-Salem rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Winston-Salem and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Winston-Salem average rent prices in the chart below.

May Prices: Winston-Salem vs. Surrounding Areas

Rent Prices in Winston-Salem and Surrounding Areas

Rent prices have increased in Winston-Salem over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Winston-Salem suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

• Rents did not increase in any of the Winston-Salem suburbs

• Rent decreased in Kernersville, NC, Clemmons, NC, Bermuda Run, NC.

• 3 suburbs are currently priced higher than the city of Winston-Salem.

Data set for Winston-Salem and suburbs

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.