Cheap Apartments for Rent in Salem, CT from $700 (14 Rentals)

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Search the lowest-cost Apartments available for rent right now in Salem.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Walter Street Lofts
Studio to 1 Bedroom Apartments

Walter Street Lofts

85 Main StNorwich, CT 06360
  • Utilities Included

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

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. Mohegan Commons 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 ListingModel NameBed/BathPriced From
Oxoboxo Lofts1 Bedroom1BR,1BA$922
Mohegan Commons ApartmentsThe Village - 1 Bedroom1BR,1BA$1,000
Norwich Apartments11BR,1BA$1,025
Morton HouseEfficiency1BR,1BA$1,200
Water Street LoftsStudioStudio,1BA$1,300

Best Value Apartments for Rent in Salem, CT and Nearby

As of July 25, 2025 the best value apartment in the Salem area is the $1.57 price per square foot Parker Model at The Edgewater in the in the South Lyme neighborhood starting from $3,395. The second greatest value Salem apartment is the PM2cF-T Model at The Lofts at Ponemah Mills starting at $1,346 with a $1.18 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The EdgewaterParker3BR,3BA$1.57
The Lofts at Ponemah MillsPM2cF-T2BR,2BA$1.18
The Cove at Gateway CommonsAtlantic Townhouse1BR,1BA$2.19
Thamesview Apartments2 Bedroom2BR,1BA$1.84
Colchester EstatesBeautiful Remodeled and Upgraded Townhouse in C...2BR,1BA$1.80
Summitwoods Apartments2 Bed2BR,1BA$1.68
Mohegan Commons ApartmentsThe Park - 2 Bedroom2BR,1BA$1.69
The Terraces Apartments2 Bedroom2BR,1BA$2.06
Norwich Apartments11BR,1BA$1.37
Oxoboxo Lofts1 Bedroom1BR,1BA$1.67

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Getting Around Salem, CT

Walk Score®

22 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

20 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Water Street Lofts listed at $1,300.

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 $1,084 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 Apartments and starts from $1,400.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.