Zumper
modified
Updated 6 Hours Ago

Highlights

  • Ceiling fan
  • Some original wood floors
  • On-site parking is limited
  • Nice closet space
  • Storage

Location

516 W 1st St, Winston Salem, NC 27101, USA|Downtown Winston-Salem
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Tour 516f-PM

Contact

Management

Messick Properties Group, Inc.

Leasing office

(336) 727-8600

Property Overview

516f-PM offers strong value, with a 7.8 Zumper Expert Rating, solid price and amenity scores, and a 9 for location. It also stands out for social, work-from-home, and wellness access, while features like ceiling fans, some original wood floors, nice closet space, storage, and limited on-site parking round out the property.

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.

Zumper Expert Rating

7.8
Very Good
516f-PM is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.

Things you’ll love

  • Less expensive
  • Dishwasher

Great for

  • Work-from-home
  • Social life
  • Wellness

Floor plans

1BR/1.0BA1 bed1 bath$775 /mo1 unit availableUpper 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.

Let's explore this property.

Amenities for 516f-PM

Appliances

RangeRefrigerator
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

Units6

About 516f-PM

HomeApartments in Winston-SalemDowntown Winston-Salem 516f-PM

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.


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.
7.8
/10
Very Good
516f-PM is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
How we rated 516f-PM
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·8A 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.
With multiple in-demand amenities, 516f-PM is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
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:

Work-from-home

  • 3 internet service provider options nearby
  • Large windows for natural lighting
  • Quiet environment with little noise pollution
  • 4 coworking spaces or cafes within 1 mile

Social life

  • 122 restaurants within 1 mile of this property
  • Areas nearby are accessible by walking
  • 44 theaters, music venues, or sports arenas nearby
  • 94 museums, art galleries, or cultural centers within 1 mile

Wellness

  • Ample windows and natural lighting
  • 28 gyms or yoga centers nearby
  • 6 farmers markets or health food stores nearby
  • There are 12 grocery stores within 1 mile

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

Less expensive
Studio units are cheaper than other similar listings nearby
Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Dishwasher
Dishwasher available in kitchen

Considerations

Greater distance from high schools
The nearest high school is farther than 1.1 miles away
Distance from grocery stores
The nearest grocery store is 4.1 miles away
Lacks images
Fewer than 5 photos available for this property

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Rent trends in Downtown Winston-Salem

1-bedroom apartments at 516f-PM cost about 29% less than the average rent price for 1-bedroom apartments in Downtown Winston-Salem.

Median rents as of Oct 24 2026.
Downtown Winston-Salem
Winston-Salem
A table of studio rental data trends in Winston-Salem
MonthMedian Rent
November 2024$1,071
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$1,063
October 2026$1,000
A table of studio rental data trends in Downtown Winston-Salem
MonthMedian Rent
November 2024$1,270
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$1,300
October 2026$1,253

Affordability calculator

Can I afford to live at 516 W 1st St?

Bedrooms

1 bedroom

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

$31,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $31,000 annually to afford this 1-bedroom monthly rent price of $775.
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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Neighborhood

Downtown Winston-Salem | Winston-Salem, NC

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

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

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