Cheap Homes for Rent in Salem, CT from $1,100 (11 Rentals)

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

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.

property at 103 Horse Pond Rd

103 Horse Pond Rd, Unit E

103 Horse Pond Rd
SalemCT06420

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.

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. Norwich in the Northeast New London Norwich neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,025. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oxoboxo Lofts1 Bedroom1BR,1BA$922
Norwich11BR,1BA$1,025
Water Street LoftsStudioStudio,1BA$1,200
Morton HouseEfficiency1BR,1BA$1,200
Mohegan Commons ApartmentsThe Park - 2 Bedroom2BR,1BA$1,300

Best Value Apartments for Rent in Salem, CT and Nearby

As of September 10, 2025 the best value apartment in the Salem area is the $1.91 price per square foot Sailfish Model at The Edgewater in the in the South Lyme neighborhood starting from $2,695. 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 EdgewaterSailfish2BR,1.5BA$1.91
The Lofts at Ponemah MillsPM2cF-T2BR,2BA$1.18
Colchester EstatesColchester 2 Bed x 1 Bath2BR,1BA$1.83
Thamesview Apartments1 Bedroom1BR,1BA$1.80
Cedar Glen2BR/1.0BA2BR,1BA$2.06
Mohegan Commons ApartmentsThe Park - 2 Bedroom2BR,1BA$1.69
Norwich11BR,1BA$1.37
Summitwoods Apartments1 Bed1BR,1BA$1.93
103 Horse Pond Rd, Unit 103 Salem103 Horse Pond Rd1BR,1BA$1.95
Oxoboxo Lofts1 Bedroom1BR,1BA$1.49

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

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Frequently Asked Questions about Salem

What type of rentals are currently available in Salem?

There are currently 48 Apartments for Rent in Salem, CT with pricing that ranges from $710 to $3,795. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $1,150 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 $1,150 to $40,000 with an average monthly rent of $4,328.

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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.