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Area Guide

Innovation Quarter Winston-Salem, NC

A unique neighborhood based on research, business, and education

Industry Unique Urban

Innovation Quarter is an innovation district focused on research, business, and education in several fields of study. There are many labs, medical groups, power plants, and research facilities in this neighborhood. Innovation Quarter is a part of Downtown Winston-Salem, so the residents of this community appreciate its proximity to everything downtown has to offer. Apartments in this district are mainly modern and upscale due to its downtown location. Local restaurants, neighborhood parks, and specialty shops are all within reach of Innovation Quarter Residents. After you find your high-rise apartment in town, check out Crafted the Art of the Taco or King’s Crab Shack and Oyster Bar, two popular hangouts downtown.

Rent Trends

As of May 2026, the average apartment rent in Innovation Quarter is $1,506 for one bedroom, $1,988 for two bedrooms, and $2,423 for three bedrooms. Apartment rent in Innovation Quarter has decreased by -3.1% in the past year.

  • 1 BR

  • 665 sq ft

    Average Sq Ft

  • $1,506/month

    Average Rent

  • 2 BR

  • 1,130 sq ft

    Average Sq Ft

  • $1,988/month

    Average Rent

  • 3 BR

  • 1,375 sq ft

    Average Sq Ft

  • $2,423/month

    Average Rent

Getting Around

Fairly Walkable

Walkability

40 / 100

Minimal Public Transit

Transit

10 / 100

Exceptionally Drivable

Drivability

100 / 100

Somewhat Bikeable

Bikeability

30 / 100

Daily Essentials

Supermarket Within a 15 Minute Walk

Groceries

60 / 100

Fair Restaurant Variety Nearby

Restaurants

40 / 100

Fair Café Variety Nearby

Cafes

50 / 100

Fair Variety of Shops Nearby

Shopping

40 / 100

Recreation

Large Amount of Park Space Nearby

Parks

70 / 100

Fair Wellness Amenity Variety Nearby

Wellness

40 / 100

Local Vibe

Vibrant Atmosphere at Times

Vibrancy

40 / 100

Limited Nightlife Variety Nearby

Nightlife

30 / 100

Points of Interest

Parks and Recreation

  • Old Salem Museums & Gardens
  • Children's Museum of Winston-Salem
  • Reynolda Gardens
  • SciWorks Science Center

Airports

  • Piedmont Triad International

Top Apartments in Innovation Quarter

Property Management Companies

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.