Most Affordable Neighborhoods in Greensboro, NC

Some of the cheapest neighborhoods in Greensboro are O Henry Oaks, Hewitt Area, and Fairview Homes. These neighborhoods offer some of the lowest rent prices in Greensboro, making them ideal for renters on a budget. As of March 29, 2025, the average rent in Greensboro is $1,129, which is 1.6% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.

O Henry Oaks

Average Rent

$919/Month

Year-Over-Year Rent Change

0.8%

TransitScore® Rating

0/100

Units Available

23 Rentals

When you’re looking for a great Greensboro neighborhood on a budget, check out O Henry Oaks. The average rent is $919, compared to the city average of $1,129. Rent prices have increased by 0.8%. O Henry Oaks is convenient to Shops On Summit, Greensboro North Shopping Center, and Barber Park. The community is car-dependent with a WalkScore® of 42.

Hewitt Area

Average Rent

$942/Month

Year-Over-Year Rent Change

5%

TransitScore® Rating

0/100

Units Available

32 Rentals

Located just five miles from Downtown Greensboro, Hewitt Area provides the perfect location for those who want to be near downtown, but with a quieter setting. The neighborhood is convenient to several colleges and universities, including the University of North Carolina at Greensboro.

Fairview Homes

Average Rent

$993/Month

Year-Over-Year Rent Change

0.5%

TransitScore® Rating

0/100

Units Available

6 Rentals

Six miles from downtown, Fairview Homes is a well-established suburban neighborhood. It's the location of the three-story Four Seasons Town Centre, the city's first indoor mall. Apartments, houses, and townhomes sit along shady, tree-lined streets in this walkable community near shops, restaurants, and parks.

Highland Park

Average Rent

$1,015/Month

Year-Over-Year Rent Change

6.3%

TransitScore® Rating

0/100

Units Available

12 Rentals

Highland Park offers a mix of single-family homes and green spaces. Renters will appreciate the close proximity to schools, parks, and shopping centers. The area provides a suburban feel with easy access to major highways and downtown Greensboro.

Madison Woods

Average Rent

$1,048/Month

Year-Over-Year Rent Change

8.7%

TransitScore® Rating

0/100

Units Available

20 Rentals

Madison Woods is a quiet suburban neighborhood offering tree-lined streets and spacious homes. Renters will appreciate the peaceful atmosphere and proximity to local schools and parks.

Northeast Greensboro

Average Rent

$1,085/Month

Year-Over-Year Rent Change

10%

TransitScore® Rating

0/100

Units Available

109 Rentals

Northeast Greensboro is a growing area offering a mix of residential homes and commercial spaces. Renters will enjoy the proximity to parks, schools, and shopping centers, as well as easy access to major highways. The neighborhood provides a suburban feel with a variety of housing options.

Hamilton Hills

Average Rent

$1,110/Month

Year-Over-Year Rent Change

15.3%

TransitScore® Rating

0/100

Units Available

5 Rentals

Hamilton Hills is an affordable neighborhood in Greensboro with an average rent price of $1,110. Compare this to the city average of $1,129. In the past year, rent prices have decreased by 15.3%. Hamilton Hills provides easy access to Country Park, Shoppes On Market, and Guilford Courthouse National Military Park. It’s a somewhat walkable neighborhood with a WalkScore® of 56.

East Market Street A

Average Rent

$1,165/Month

Year-Over-Year Rent Change

0.6%

TransitScore® Rating

0/100

Units Available

14 Rentals

East Market Street A is close to downtown Greensboro and local shopping and dining options. Renters will appreciate the area’s walkability, history, and access to public transportation. The neighborhood is perfect for those who enjoy a lively environment near the heart of the city.

Southside

Average Rent

$1,165/Month

Year-Over-Year Rent Change

6.9%

TransitScore® Rating

0/100

Units Available

14 Rentals

Southside is known for its historic homes and proximity to downtown Greensboro. Renters will enjoy the vibrant atmosphere with easy access to parks, shops, and dining options. The area offers a charming blend of old and new, making it perfect for those seeking a lively, walkable community.

Friendswood

Average Rent

$1,171/Month

Year-Over-Year Rent Change

20.4%

TransitScore® Rating

0/100

Units Available

14 Rentals

Friendswood is a cozy neighborhood offering a mix of single-family homes and apartments, with convenient access to local amenities. Renters will enjoy the quiet, residential feel while being close to major highways. The area is ideal for those seeking a peaceful suburban lifestyle.

Ready to make your move to Greensboro? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!

Methodology

Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.

We've combined this data with public records to provide the most current rental information available.