403 S Victor St
ChristopherIL62822
Cheap Homes for Rent in Salem, IL from $700 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.
802 S Emma St
ChristopherIL62822
272 S Shannon St
RichviewIL62877
919 Mulberry St
HighlandIL62249
22 Yorkshire Ln
BellevilleIL62221
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$7751 Bedroom Apartments Available Now
555 Roddy Rd, Unit C-8
555 Roddy RdSalem, IL 62881
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
116 W Zupan St
MaryvilleIL62062
766 Wall St
LivingstonIL62058
2315 Richland Prairie Blvd
BellevilleIL62221
822 White Oak Dr
O'FallonIL62269
801 W St Anthony Ave
EffinghamIL62401
164 Eagle Ridge
O'FallonIL62269
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.
11 W Perry St
MaryvilleIL62062
Showing Results 1-13, Page 1 of 1
Salem, IL Local Guide
Salem, Illinois by Paul Sableman is licensed under CC BY 2.0
How much does it cost to rent a home in Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Salem 2 Bedroom Homes for Rent | $1,316 | $900 | $1,925 |
| Salem 3 Bedroom Homes for Rent | $1,497 | $290 | $2,000 |
| Salem 4 Bedroom Homes for Rent | $2,145 | $1,895 | $2,395 |
| Salem 5 Bedroom Homes for Rent | $3,550 | $3,550 | $3,550 |
Browse Top Homes for Rent in Salem
Explore Salem
Salem, IL Local Guide
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Cheapest Available Salem Apartments for Rent and Nearby
The cheapest available apartment rental in Salem, IL is a 1 Bed unit found at McKay Manor priced from $475. Lotts Landing Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $560. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| McKay Manor | 1 Bedroom | 1BR,1BA | $475 |
| Lotts Landing Senior Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $560 |
| Flax Meadow Townhomes | Two Bed | 2BR,1BA | $715 |
| Lakewood Estates | 1 Bedroom | 1BR,1BA | $750 |
| Elmdale Apartments | 1 bed 1 bath | 1BR,1BA | $800 |
Best Value Apartments for Rent in Salem, IL and Nearby
As of April 22, 2026 the best value apartment in the Salem area is the $1.16 price per square foot Hayden B1 Model at Storyboard on Hayden in the in the Metro East neighborhood starting from $1,450. The second greatest value Salem apartment is the Park Entrance B1 Model at Storyboard on Park Entrance starting at $1,379 with a $1.15 price per square foot in the OFallon 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. |
|---|---|---|---|
| Storyboard on Hayden | Hayden B1 | 2BR,2.5BA | $1.16 |
| Storyboard on Park Entrance | Park Entrance B1 | 2BR,2BA | $1.15 |
| Lake Land Living | 3 Bedroom 1 baths | 3BR,1BA | $0.47 |
| Linwood Apartments | Two Bed One Bath | 2BR,1BA | $0.91 |
| Storyboard on Lancashire | Lancashire B1 | 2BR,1BA | $1.18 |
| Flax Meadow Townhomes | Two Bed | 2BR,1.5BA | $0.81 |
| Lakewood Estates | 1 Bedroom | 1BR,1BA | $0.94 |
| Kingsbury Campus Apartments | 2 Beds, 1 Bath Model | 2BR,1BA | $1.05 |
| McKay Manor | 1 Bedroom | 1BR,1BA | $0.64 |
| Lotts Landing Senior Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.87 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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.
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Best Local Schools in Salem, IL
Salem Community High School
Salem Chsd 600 School District
Public School - Grades 9-12 (732)
6 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Salem, IL Rentals by Map
See the most popular apartments and homes in Salem, IL
Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 53 Apartments for Rent in Salem, IL with pricing that ranges from $475 to $2,745. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $290 to $3,550.
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 $290 to $3,550 with an average monthly rent of $1,879.
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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.