
Cheap Apartments for Rent near Salem, CT from $700 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in Salem.


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Village Apartments

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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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Blackstone Apartments

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The Terraces Apartments

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Water Street Lofts
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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120 Broad St

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Norwich

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Country Place

88-98 Chestnut St

Courtview Square Apartments

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Rocky Neck Village

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Summitwoods Apartments

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Deerfield Village

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Faire Harbour Landings
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Hamilton Park

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Brookside Commons

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Cedar Glen Apartments

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Nutmeg Woods

35 Chestnut St

Eagle Pointe

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Bayonet Street Apartments

Rose Hill Apartments

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Thamesview Apartments
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.

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Colchester Estates

Beacon Point Homes - Trident Park

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The Sound at Gateway Commons

Oxoboxo Lofts

173-175 Norwich-New London Turnpike

Garfield Avenue Apartments

Highland Apartments

33 Lake St

Village Court
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.

11.5 S 3rd Ave

26 Sunset Ter

Wequonnoc Village Apartments

60 Hawthorne Dr

Reid & Hughes

177 Broadway

Four Seasons of Colchester

640 Williams St

7 Lyme 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.

221 Old Pond Ln

Bay Point Apartments

345 Main St

8 Oak Tree Ln
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 | $1,623 | $1,295 | $2,225 |
| Salem 1 Bedroom Apartments | $1,721 | $710 | $2,515 |
| Salem 2 Bedroom Apartments | $2,160 | $864 | $3,345 |
| Salem 3 Bedroom Apartments | $2,597 | $1,491 | $3,815 |
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. Village Apartments in the Northeast New London Norwich neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. 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 |
| Village Apartments | 1 Bedroom / 1 Bath | 1BR,1BA | $1,000 |
| 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 |
| Highland Apartments | One Bedroom | Studio,1BA | $1,350 |
| Water Street Lofts | Studio | Studio,1BA | $1,400 |
| 88-98 Chestnut St | 1BR | 1BR,1BA | $1,450 |
| Norwich | Two Bedroom | 2BR,1BA | $1,450 |
| Courtview Square Apartments | A1 | 1BR,1BA | $1,475 |
Best Value Apartments for Rent in Salem, CT and Nearby
As of August 07, 2026 the best value apartment in the Salem area is the $1.70 price per square foot Whaler Model at The Edgewater in the in the South Lyme neighborhood starting from $3,535. The second greatest value Salem apartment is the Townhouse Model at 120 Broad St starting at $2,650 with a $1.76 price per square foot in the New London 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. |
|---|---|---|---|
| The Edgewater | Whaler | 3BR,2.5BA | $1.70 |
| 120 Broad St | Townhouse | 2BR,3BA | $1.76 |
| The Terraces Apartments | 2 Bedroom | 2BR,1BA | $1.29 |
| Bayonet Street Apartments | Bayo II - Two Bed Two Bath | 2BR,2BA | $1.69 |
| Blackstone Apartments | Large One Bedroom | 1BR,1BA | $1.50 |
| Norwich | Two Bedroom | 2BR,1BA | $1.45 |
| Brookside Commons | 1 bedroom - Market | 1BR,1BA | $1.75 |
| Village Apartments | 2 Bedroom / 1 Bath | 2BR,1BA | $1.44 |
| The Lofts at Ponemah Mills | PM1aFH-T | 1BR,1BA | $1.46 |
| 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 $1,225 at Village Apartments.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.