Updated 4 Hours Ago
Location
516 W 1st St, Winston Salem, NC 27101, USA|Downtown Winston-Salem
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Property Overview
516f-PM offers a solid overall experience with strong amenities and a highly convenient location, supported by a 7.1 expert rating and 7/10 trustworthiness. It stands out for work-from-home, fitness, and social life thanks to its quiet setting, natural light, nearby coworking and office resources, and easy access to restaurants, gyms, markets, and entertainment.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Dishwasher- Images Available
Great for
Work-from-home
Wellness
Social life
Floor plans
| 0BR/1.0BA | Studio | 1 bath | $625–$725 /mo | 2 units available | Cute main level studio apartment! One large room with wood floors and a decorative/non usable fireplace. Full kitchen, Large bathroom, and storage. Window air and baseboard heat. Tenant pays electric, water/sewer/storm water. No Pets and no Indoor smoking. 6-month lease. On-site parking is limited; street parking is available. | ||
| 1BR/1.0BA | 1 bed | 1 bath | $775 /mo | 1 unit available | Upper level one-bedroom in 1905 building! Lots of character, some original wood floors, updated, lots of windows and light. Nice closet space, large bathroom, ceiling fan, window air, baseboard heat. Tenant pays electric, water/sewer/stormwater. 6-month lease. No pets, no inside smoking. On-site parking is limited; street parking is available. |
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Amenities for 516f-PM
Apartment Amenities
| Dryer |
Appliances
| Dishwasher | In-Unit Laundry |
| Range | Refrigerator |
| Stove |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 6 |
|---|
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About 516f-PM
Cute main level studio apartment! One large room with wood floors and a decorative/non usable fireplace. Full kitchen, Large bathroom, and storage. Window air and baseboard heat. Tenant pays electric, water/sewer/storm water. No Pets and no Indoor smoking. 6-month lease. On-site parking is limited; street parking is available.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, 516f-PM is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 516f-PM has a number of attractive features—namely its Amenities — so you can be assured your rent will come with a high standard of living.
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, 516f-PM is a great option for renters looking for apartments in Downtown Winston-Salem. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
516f-PM goes above and beyond to provide sought-after conveniences and desirable perks, including dishwasher. Renters looking for popular or luxurious features will find them here—and for that reason, 516f-PM receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
516f-PM is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 516f-PM does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
516f-PM is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 516f-PM compares to other nearby properties.
Positives
- Dishwasher
- Dishwasher available in kitchen
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
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Rent trends in Downtown Winston-Salem
Studio apartments at 516f-PM cost about 52% less than the average rent price for studios in Downtown Winston-Salem.
1-bedroom apartments here are priced 33% lower than 1-bedrooms in Downtown Winston-Salem.
Median rents as of Sep 12 2026.
Downtown Winston-Salem
Winston-Salem
| Month | Median Rent |
|---|---|
| September 2024 | $1,254 |
| October 2024 | $1,164 |
| November 2024 | $1,072 |
| December 2024 | $1,094 |
| January 2025 | $991 |
| February 2025 | $978 |
| March 2025 | $967 |
| April 2025 | $972 |
| May 2025 | $1,042 |
| June 2025 | $1,280 |
| July 2025 | $1,334 |
| August 2025 | $1,299 |
| September 2025 | $1,264 |
| October 2025 | $1,243 |
| November 2025 | $929 |
| December 2025 | $896 |
| January 2026 | $918 |
| February 2026 | $1,054 |
| March 2026 | $1,000 |
| April 2026 | $982 |
| May 2026 | $974 |
| June 2026 | $985 |
| July 2026 | $1,127 |
| August 2026 | $1,114 |
| September 2026 | $1,127 |
| Month | Median Rent |
|---|---|
| September 2024 | $1,367 |
| October 2024 | $1,339 |
| November 2024 | $1,267 |
| December 2024 | $1,274 |
| January 2025 | $1,254 |
| February 2025 | $1,242 |
| March 2025 | $1,255 |
| April 2025 | $1,314 |
| May 2025 | $1,464 |
| June 2025 | $1,379 |
| July 2025 | $1,377 |
| August 2025 | $1,389 |
| September 2025 | $1,264 |
| October 2025 | $1,244 |
| November 2025 | $1,208 |
| December 2025 | $1,243 |
| January 2026 | $1,304 |
| February 2026 | $1,275 |
| March 2026 | $1,335 |
| April 2026 | $1,351 |
| May 2026 | $1,312 |
| June 2026 | $1,282 |
| July 2026 | $1,235 |
| August 2026 | $1,291 |
| September 2026 | $1,345 |
Affordability calculator
Can I afford to live at 516 W 1st St?
Bedrooms
Rent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$25,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $25,000 annually to afford this studio monthly rent price of $625.
For more information on rent affordability, visit our rent calculator.
Schools near 516f-PM
Family Services Child Development Center - WSSU
601 s martin luther king jr dr
winston salem, NC, 27110
PKPublic
Virtual Academy
2020 e 12th st
winston-salem, NC, 27101
PK, K-12Public
The Children's Center
2315 coliseum dr
winston salem, NC, 27106
PK, K-5Public
A-
Appalachian Academy at Middle Fork
3125 williston rd
walkertown, NC, 27051
K-5Public
D-
The Special Children's School
4505 shattalon dr
winston-salem, NC, 27106
PK, K-5Public
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Internet available near 516f-PM
Neighborhood
Downtown Winston-Salem | Winston-Salem, NC
Getting around Winston Salem near 516 W 1st St
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
6/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
1/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 516 W 1st St, Winston Salem
Groceries
8/10
Wide variety of groceries within a few minutes' walk
Shopping
7/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
7/10
Wide variety of cafés within a short drive, including some within walking distance
Restaurants
8/10
Wide variety of restaurants within a short drive, including some within walking distance
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
4/10
At least one high school within a 20-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
8/10
Wide variety of bars within a few minutes' walk
Explore the area around 516 W 1st St
Common Giant, Inc
313 Indera Mills Ct
3 Star Supermarket LLC
515 Peters Creek Pkwy
Asia Grocery Store
880 Peters Creek Pkwy
A Z Patterson Grocery Inc
1348 N Patterson Ave
Food Lion
1499 New Walkertown Rd
Dfly Swimwear LLC
420 W 4th St
Shoe Show Investigation
119 Brookstown Ave
Upper South Studio
330 S Main St
Cece's Boutique
107 W 4th St
Keona's Boutique
235 W 5th St
Bygood Coffee
301 Brookstown Ave
Footnote Coffee & Cocktails
634 W 4th St
Pour
102 W 3rd St
Washington Perks & Provisions
301 W 4th St
Reasoner Coffee LLC
15 Brookstown Ave
Mellow Mushroom
314 W 4th St
Recreation Billards
412 W 4th St
Bar La CH Ngada
418 W 4th St
Footnote Coffee & Cocktails
634 W 4th St
Foothills Brewing
638 W 4th St
Camino Bakery
300 S Marshall St
XLNT Bakeries LLC
301 N Main St
King's Classic Bakery
533 N Trade St
Winkler Bakery
521 S Main St
Top Tier Fitness
610 N Liberty St
Garden
Corpening Plaza
Winston Square Park
Second Street Park
Garden
Senor Bravo Mexican Restaurant
241 S Marshall St
Di Lisio's Italian Family Restaurant
301 Brookstown Ave
Sage & Salt
300 S Liberty St
What Da Pho
102 W 3rd St
Murphy's 2010
207 W 3rd St
Winston-Salem Transportation Center (L1)
Winston Salem Express
Winston-Salem Transportation Center (A3)
Kernersville Express
4th & Chestnut
Winston Salem Express, Kernersville Express
5th & Chestnut
Winston Salem Express, Kernersville Express
Innovation Quarter (5th & Patterson)
Winston Salem Express, Kernersville Express
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