
Cheap Apartments for Rent in Salem, IA from $300 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Salem.


Macomb Rentals

Washington Apartments

Alice Place West Burlington

Total Monthly Price
Lexington Concord

EMERALD HILL APARTMENTS
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.

Asbury Heights

Smith and Royer Apartments

Caspian Village Apartments

Aspen Court

MAPLE PLACE APARTMENTS

Welch Hotel Senior Apartments
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.

Orchard Meadows

630 N 6th St

Fairfield Park II Apartments

Chateau Apartments

Bel Aire Apartments

415 W 4th 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, IA Local Guide

How much does it cost to rent an apartment in Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Salem Studio Apartments | $889 | $390 | $1,200 |
| Salem 1 Bedroom Apartments | $899 | $418 | $1,650 |
| Salem 2 Bedroom Apartments | $1,108 | $450 | $1,675 |
| Salem 3 Bedroom Apartments | $1,108 | $560 | $3,300 |
| Salem 4 Bedroom Apartments | $1,253 | $600 | $1,650 |
Browse Top Apartments in Salem
See all Apartments in SalemExplore Salem
Salem, IA Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Salem Apartments for Rent and Nearby
 The cheapest available apartment rental in Salem, IA is a Studio unit found at Macomb Rentals priced from $390. Alice Place West Burlington in the Ginger Ridge neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $515. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Macomb Rentals | Studio, 1 bath | Studio,1BA | $390 |
| Alice Place West Burlington | 1-Bedroom | 1BR,1BA | $515 |
| EMERALD HILL APARTMENTS | 1 Bedroom 1 Bathroom | 1BR,1BA | $580 |
| Smith and Royer Apartments | 1 Bedroom | 1BR,1BA | $650 |
| Caspian Village Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $650 |
Best Value Apartments for Rent in Salem, IA and Nearby
As of February 21, 2026 the best value apartment in the Salem area is the $0.62 price per square foot Four Bedroom Model at Asbury Heights in the starting from $1,188. The second greatest value Salem apartment is the Three Bedroom Model at Louden Lofts starting at $845 with a $0.70 price per square foot . 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. |
|---|---|---|---|
| Asbury Heights | Four Bedroom | 4BR,2BA | $0.62 |
| Louden Lofts | Three Bedroom | 3BR,2BA | $0.70 |
| The Quarters Iowa City | C1 - 3x3 | 3BR,3BA | $0.59 |
| Cobblestone Apartments | 2BR/2BA | 2BR,2BA | $0.93 |
| EMERALD HILL APARTMENTS | 3 Bedroom 2 Bathroom | 3BR,2BA | $0.86 |
| Alice Place West Burlington | 2-Bedroom | 2BR,1BA | $0.90 |
| River Ridge 2301-2325 University Drive | 2 bed | 2BR,1BA | $1.03 |
| Westland Village | 1x1 | 1BR,1BA | $1.00 |
| Park Madison Apartments | 1BR/1BA | 1BR,1BA | $1.00 |
| MAPLE PLACE APARTMENTS | 2 Bed 1 Bath | 2BR,1BA | $0.97 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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, IA Rentals by Map
See the most popular apartments and homes in Salem, IA
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 Macomb Rentals listed at $390.
How much is rent for a Cheap One Bedroom Salem Apartment?
The lowest price for a Cheap One Bedroom Salem Apartment is $510 at Macomb Rentals.
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 $450 at Macomb Rentals.
What is the most affordable Salem Three Bedroom Apartment?
The best deal on a cheap Salem Three Bedroom Apartment rental is at Louden Lofts and starts from $845.
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.