
Cheap Homes for Rent in North Salem, IN from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in North Salem.


522 N Lebanon St

195 W Marion St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

206 Louise Ave

296 Heritage Dr

909 S Lebanon St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
North Salem, IN Local Guide

How much does it cost to rent a home in North Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North Salem 2 Bedroom Homes for Rent | $1,415 | $1,195 | $1,650 |
| North Salem 3 Bedroom Homes for Rent | $2,019 | $1,500 | $2,350 |
| North Salem 4 Bedroom Homes for Rent | $2,549 | $1,850 | $3,200 |
| North Salem 5 Bedroom Homes for Rent | $2,687 | $2,395 | $3,145 |
Browse Top Homes for Rent in North Salem
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North Salem, IN Local Guide
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Cheapest Available North Salem Apartments for Rent and Nearby
 The cheapest available apartment rental in North Salem, IN is a 1 Bed unit found at Stanley Terrace in the The Settlement - Designer neighborhood priced from $423. Cloverdale Heights has the second lowest priced unit, which is a 1 Bed apartment currently listed from $890. Here is today’s list of the most affordable North Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stanley Terrace | One Bedroom | 1BR,1BA | $423 |
| Cloverdale Heights | 1 BR/ 1 BA (includes $30 water sewer trash) | 1BR,1BA | $890 |
| LaCabreah Apartments | Dover | 1BR,1BA | $990 |
Best Value Apartments for Rent in North Salem, IN and Nearby
As of April 24, 2026 the best value apartment in the North Salem area is the $1.18 price per square foot Trenton Model at Wynne Farms in the in the Lizton Clayton neighborhood starting from $2,046. The second greatest value North Salem apartment is the 3 Bedroom 2.5 Bathroom The Lawrence Model at Honor Meadows Owner LLC starting at $2,159 with a $1.47 price per square foot in the Lebanon Whitestown neighborhood. Here is today’s list of the best values for North Salem apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wynne Farms | Trenton | 3BR,2.5BA | $1.18 |
| Honor Meadows Owner LLC | 3 Bedroom 2.5 Bathroom The Lawrence | 3BR,2.5BA | $1.47 |
| Redwood Danville | Forestwood | 2BR,2BA | $1.40 |
| Settlers Run | The Ranch | 2BR,2BA | $1.35 |
| Avon Creek | The Jr Brook | 2BR,2BA | $1.44 |
| Stanley Terrace | Two Bedroom | 2BR,1BA | $1.32 |
| Melrose Place | 2x1 | 2BR,1BA | $1.42 |
| Regency Preserve | IRIS | 1BR,1BA | $1.48 |
| Hunter Ridge Apartments | 2x1H R | 2BR,1BA | $1.42 |
| LaCabreah Apartments | Dover | 1BR,1BA | $1.18 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about North Salem
What type of rentals are currently available in North Salem?
There are currently 45 Apartments for Rent in North Salem, IN with pricing that ranges from $423 to $3,044. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Salem ranging from $775 to $3,200.
What is the current price range for Rental Homes in North Salem?
Today's rental pricing for Homes for Rent, Condos and Townhomes in North Salem ranges from $775 to $3,200 with an average monthly rent of $1,922.
How much are larger Three and Four Bedroom Rentals in North Salem?
For those who are looking for larger living arrangements, Three Bedroom Apartments in North Salem range from $1,420 to $2,834, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $2,350. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $2,724.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.