
Cheap Apartments for Rent in Salem, CT from $700 (55 Rentals)
Search the lowest-cost Apartments available for rent right now in Salem.


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Meadow Ridge Apartment Homes

Victoria Gardens

Washington Street Apartments

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The Lofts at Ponemah Mills

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Bayonet Street Apartments

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Blackstone Apartments

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The Terraces Apartments

Highland Apartments

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Water Street Lofts
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.

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120 Broad St

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Summitwoods Apartments

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Country Place

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Norwich

88-98 Chestnut St

Courtview Square Apartments

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Rocky Neck Village

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Deerfield Village

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Faire Harbour Landings

Eagle Pointe
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.

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Thamesview Apartments

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Hamilton Park

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Brookside Commons

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Nutmeg Woods

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Cedar Glen Apartments

35 Chestnut St

Rose Hill Apartments

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Colchester Estates

Bay Point Apartments

Trident Park Townhomes
Cash 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.

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The Sound at Gateway Commons

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The Edgewater

Bridge Road Commons

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Pleasant Valley Apartments

Oxoboxo Lofts

173-175 Norwich-New London Turnpike

Garfield Avenue Apartments

157 Main St

Village Court

Reid & Hughes
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

26 Sunset Ter

159 Connecticut Ave

82 Longview St

7 Griswold Ct

Wequonnoc Village Apartments

177 Broadway

Four Seasons of Colchester

213 Old Pond Ln

221 Old Pond Ln

640 Williams St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Salem, CT Local Guide

How much does it cost to rent an apartment in Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Salem Studio Apartments | $1,495 | $1,295 | $2,215 |
| Salem 1 Bedroom Apartments | $1,698 | $710 | $2,569 |
| Salem 2 Bedroom Apartments | $2,017 | $864 | $3,345 |
| Salem 3 Bedroom Apartments | $2,706 | $1,491 | $3,989 |
Browse Top Apartments in Salem
See all Apartments in SalemExplore Salem
Salem, CT Local Guide
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Cheapest Available Salem Apartments for Rent and Nearby
 The cheapest available apartment rental in Salem, CT is a 1 Bed unit found at Oxoboxo Lofts in the Northeast New London Norwich neighborhood priced from $922. The Lofts at Ponemah Mills in the Northeast New London Norwich neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,239. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oxoboxo Lofts | 1 Bedroom | 1BR,1BA | $922 |
| The Lofts at Ponemah Mills | PM1aFH-T | 1BR,1BA | $1,239 |
| Blackstone Apartments | Studio | Studio,1BA | $1,295 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1,300 |
| The Terraces Apartments | 1 Bedroom | 1BR,1BA | $1,305 |
| Highland Apartments | One Bedroom | Studio,1BA | $1,350 |
| Water Street Lofts | Studio | Studio,1BA | $1,400 |
| 120 Broad St | Studio | Studio,1BA | $1,400 |
| 88-98 Chestnut St | 1BR | 1BR,1BA | $1,450 |
| Norwich | Two Bedroom | 2BR,1BA | $1,450 |
Best Value Apartments for Rent in Salem, CT and Nearby
As of June 22, 2026 the best value apartment in the Salem area is the $1.77 price per square foot 2 Bedroom Model at Oxoboxo Lofts in the in the Northeast New London Norwich neighborhood starting from $1,875. The second greatest value Salem apartment is the 2 Bedroom Model at Thamesview Apartments starting at $1,795 with a $1.80 price per square foot in the Northeast New London Norwich neighborhood. Here is today’s list of the best values for Salem apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oxoboxo Lofts | 2 Bedroom | 2BR,2BA | $1.77 |
| Thamesview Apartments | 2 Bedroom | 2BR,1BA | $1.80 |
| The Terraces Apartments | 2 Bedroom | 2BR,1BA | $1.60 |
| Colchester Estates | 410 | 2BR,1BA | $1.80 |
| Blackstone Apartments | Large One Bedroom | 1BR,1BA | $1.50 |
| Norwich | Two Bedroom | 2BR,1BA | $1.45 |
| Summitwoods Apartments | 2 Bed | 2BR,1BA | $1.74 |
| Brookside Commons | 1 bedroom - Market | 1BR,1BA | $1.75 |
| The Lofts at Ponemah Mills | PM1aFH-T | 1BR,1BA | $1.40 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.63 |
Don'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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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!
Explore Salem, CT Rentals by Map
See the most popular apartments and homes in Salem, CT
Frequently Asked Questions about Cheap Salem Apartments
What is the Cheapest Studio apartment in Salem?
Currently the most affordable Cheap Studio Apartment in Salem is at Blackstone Apartments listed at $1,295.
How much is rent for a Cheap One Bedroom Salem Apartment?
The lowest price for a Cheap One Bedroom Salem Apartment is $922 at Oxoboxo Lofts.
What is the lowest price for a Cheap Two Bedroom Salem Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Salem is starting from $1,450 at Norwich.
What is the most affordable Salem Three Bedroom Apartment?
The best deal on a cheap Salem Three Bedroom Apartment rental is at Rocky Neck Village and starts from $1,491.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.