Innovation Quarter

Winston-Salem, NC

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Innovation Quarter - Winston-Salem, NC

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A unique neighborhood based on research, business, and education

Industry Unique Urban Great Location Business Convenient

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 March 2025, the average apartment rent in Innovation Quarter is $1,474 for one bedroom, $1,887 for two bedrooms, and $2,406 for three bedrooms. Apartment rent in Innovation Quarter has increased by 5.2% in the past year.

  • 1 BR

  • 665 sq ft

    Average Sq Ft

  • $1,474/month

    Average Rent

  • 2 BR

  • 1,130 sq ft

    Average Sq Ft

  • $1,887/month

    Average Rent

  • 3 BR

  • 1,375 sq ft

    Average Sq Ft

  • $2,406/month

    Average Rent

Transportation

67

Somewhat Walkable

out of 100 WalkScore® Rating

You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.

68

Bikeable

out of 100 BikeScore® Rating

While there’s some bike infrastructure in this area, you’ll still need a car for many errands.

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

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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 2025.