
Cheap Homes for Rent in Salem, IA from $500 (19 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.


407-407 SW 8th St

201 W Jefferson Ave

1206 SW 2nd Ave

516 South St

807 NW 6th 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.

415 W 4th St

200 Gregory Ln

129 Roscoe Ave

500 N Main St

109 S Marshall St

1710 Miles Ave
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.

313 Cherry St

2711 Flint Hills Dr

1406 Corse St

406 N B St

2216 Piper Pl

1234 E 4th St
Cash 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.

207 W 4th St
Salem, IA 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 | $992 | $550 | $1,800 |
| Salem 3 Bedroom Homes for Rent | $1,327 | $725 | $2,000 |
| Salem 5 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Browse Top Homes for Rent in Salem
Explore Salem
Salem, IA Local Guide
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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. Welch Hotel Senior Apartments in the Oak Ridge neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $452. 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 |
| Welch Hotel Senior Apartments | Two Bedroom | 2BR,1BA | $452 |
| Alice Place West Burlington | 1-Bedroom ADA | 1BR,1BA | $515 |
| Bel Aire Apartments | 1 Bedroom | 1BR,1BA | $645 |
| Smith and Royer Apartments | 1 Bedroom | 1BR,1BA | $650 |
Best Value Apartments for Rent in Salem, IA and Nearby
As of November 12, 2025 the best value apartment in the Salem area is the $0.56 price per square foot Four Bedroom Model at Asbury Heights in the starting from $1,058. The second greatest value Salem apartment is the 4 Bedroom-2 Bathroom Model at Hawks Ridge starting at $635 with a $0.50 price per square foot in the Cottage Hill 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. |
|---|---|---|---|
| Asbury Heights | Four Bedroom | 4BR,2BA | $0.56 |
| Hawks Ridge | 4 Bedroom-2 Bathroom | 4BR,2BA | $0.50 |
| Fairfield Estates | Unit 58 | 3BR,2BA | $0.88 |
| Mediapolis Village | Mede 37 | 3BR,2BA | $0.75 |
| Alice Place West Burlington | 2-Bedroom | 2BR,1BA | $0.90 |
| School House Apartments | 1 Bedroom and 1 Bath | 1BR,1BA | $1.00 |
| River Ridge 2301-2325 University Drive | 2 bed | 2BR,1BA | $1.00 |
| Riverbend 3306-3500 Steamboat Way | 2 Bedroom | 2BR,2BA | $0.99 |
| Park Madison Apartments | 1BR/1BA | 1BR,1BA | $1.00 |
| The Quarters Iowa City | A2 - 2x1 | 2BR,1BA | $0.90 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 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 Salem
What type of rentals are currently available in Salem?
There are currently 48 Apartments for Rent in Salem, IA with pricing that ranges from $390 to $3,300. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $540 to $5,000.
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 $540 to $5,000 with an average monthly rent of $1,570.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.