
Cheap Apartments for Rent in Salem, CT from $700 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in Salem.


Amston Village - Active 55+

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The Lofts at Ponemah Mills

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Meadow Ridge Apartment Homes

Victoria Gardens

Washington Street Apartments

Bayonet Street Apartments

35 Chestnut St

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Blackstone Apartments

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The Terraces Apartments
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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Water Street Lofts

Highland Apartments

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Village Court

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120 Broad St

88-98 Chestnut St

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Norwich

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Summitwoods Apartments

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Country Place

Courtview Square Apartments

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Faire Harbour Landings
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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Deerfield Village

Eagle Pointe

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Nutmeg Woods

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Wequonnoc Village Apartments

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Hamilton Park

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Cedar Glen Apartments

Rose Hill Apartments

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Colchester Estates

Bay Point Apartments

1580 Hartford-New London Turnpike, Unit 1R
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.

269 South Rd

Oxoboxo Lofts

79 Garfield Ave

25 Main St

25-29 W Main St

42 W Main St

173-175 Norwich-New London Turnpike

Garfield Avenue Apartments

50 Montauk Ave

Brookside Commons
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.

Reid & Hughes

26 Sunset Ter

848 Bank St

159 Connecticut Ave

82 Longview St

302 Boston Post Rd

34 Terrace Dr

177 Broadway

Four Seasons of Colchester

121 Shaw St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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 | $1,508 | $1,295 | $2,215 |
| Salem 1 Bedroom Apartments | $1,559 | $710 | $2,719 |
| Salem 2 Bedroom Apartments | $1,968 | $864 | $3,345 |
| Salem 3 Bedroom Apartments | $2,661 | $1,650 | $3,815 |
Browse Top Apartments in Salem
See all Apartments in SalemExplore Salem
Salem, CT Local Guide
- Nearby Cities
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Cheapest Available Salem Apartments for Rent and Nearby
 The cheapest available apartment rental in Salem, CT is a 2 Beds unit found at Oxoboxo Lofts in the Northeast New London Norwich neighborhood priced from $1,084. 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 $1,128. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oxoboxo Lofts | 2 Bedroom | 2BR,1BA | $1,084 |
| The Lofts at Ponemah Mills | PM1aF-T | 1BR,1BA | $1,128 |
| Bayonet Street Apartments | Bayo II - One Bed One Bath | 1BR,1BA | $1,263 |
| 35 Chestnut St | 1 Bed, 1 bath | 1BR,1BA | $1,290 |
| 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 |
| Water Street Lofts | Studio | Studio,1BA | $1,325 |
| Highland Apartments | One Bedroom | Studio,1BA | $1,350 |
| 120 Broad St | Studio | Studio,1BA | $1,400 |
Best Value Apartments for Rent in Salem, CT and Nearby
As of May 07, 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 Colchester 2 Bed x 1 Bath Model at Colchester Estates starting at $1,830 with a $1.83 price per square foot in the Northwest New London Colchester 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 |
| Colchester Estates | Colchester 2 Bed x 1 Bath | 2BR,1BA | $1.83 |
| Blackstone Apartments | Large One Bedroom | 1BR,1BA | $1.50 |
| Norwich | Two Bedroom | 2BR,1BA | $1.45 |
| Thamesview Apartments | 2 Bedroom | 2BR,1BA | $1.84 |
| Summitwoods Apartments | 2 Bed | 2BR,1BA | $1.74 |
| 35 Chestnut St | 1 Bed, 1 bath | 1BR,1BA | $1.46 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.63 |
| The Terraces Apartments | 1 Bedroom | 1BR,1BA | $1.69 |
| The Lofts at Ponemah Mills | PM1aFH-T | 1BR,1BA | $1.46 |
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 $1,128 at The Lofts at Ponemah Mills.
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 $1,084 at Oxoboxo Lofts.
What is the most affordable Salem Three Bedroom Apartment?
The best deal on a cheap Salem Three Bedroom Apartment rental is at Norwich and starts from $1,650.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.