
Cheap Homes for Rent in Salem, CT from $1,300 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.


21 Plains Rd

24 Hartford Rd

7 Griswold Ct

640 Williams St
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.

73 Horse Pond Rd

7 Lyme St

221 Old Pond Ln

1580 Hartford-New London Turnpike, Unit 2L

115 Ayers Point Rd
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.
Salem, CT Local Guide

How much does it cost to rent a home in Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Salem 2 Bedroom Homes for Rent | $2,606 | $1,650 | $3,500 |
| Salem 3 Bedroom Homes for Rent | $3,750 | $2,400 | $10,000+ |
| Salem 4 Bedroom Homes for Rent | $10,266 | $3,200 | $10,000+ |
| Salem 5 Bedroom Homes for Rent | $4,850 | $3,200 | $6,500 |
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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 |
Best Value Apartments for Rent in Salem, CT and Nearby
As of July 26, 2026 the best value apartment in the Salem area is the $1.76 price per square foot Townhouse Model at 120 Broad St in the in the New London neighborhood starting from $2,650. The second greatest value Salem apartment is the 2 Bedroom Model at The Terraces Apartments starting at $1,595 with a $1.29 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. |
|---|---|---|---|
| 120 Broad St | Townhouse | 2BR,3BA | $1.76 |
| The Terraces Apartments | 2 Bedroom | 2BR,1BA | $1.29 |
| Oxoboxo Lofts | 2 Bedroom | 2BR,2BA | $1.77 |
| 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.
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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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See the most popular apartments and homes in Salem, CT
Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 51 Apartments for Rent in Salem, CT with pricing that ranges from $710 to $3,815. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $1,300 to $40,000.
What is the current price range for Rental Homes in Salem?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Salem ranges from $1,300 to $40,000 with an average monthly rent of $4,175.
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.

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.

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.