Alder Ridge Apartments
3890 Old Vineyard Rd,
Winston-Salem, NC 27104
$950 - $1,525 | 1-3 Beds
The Village is a predominantly residential neighborhood about seven miles east of Downtown Winston-Salem. The Village offers rentals for every budget and style including single-family houses and apartments. The Village has a few businesses, but department stores, restaurants, and shopping centers aren’t far from the neighborhood. Along with plenty of amenities nearby, renters are attracted to the Village for its proximity to several colleges. The Village is convenient to Forsyth Technical College, the University of North Carolina School of the Arts, and Winston-Salem State University, which are all under nine miles away.
As of August 2025, the average apartment rent in The Village is $872 for one bedroom, $1,037 for two bedrooms, and $1,343 for three bedrooms. Apartment rent in The Village has decreased by -4.7% in the past year.
1 BR
728 sq ft
Average Sq Ft
$872/month
Average Rent
2 BR
995 sq ft
Average Sq Ft
$1,037/month
Average Rent
3 BR
1,361 sq ft
Average Sq Ft
$1,343/month
Average Rent
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
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† 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 June 2025.