909 Fairland St
BentonIL62812
Cheap Homes for Rent in Salem, IL from $300 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.
2609 Sierra Dr
BellevilleIL62221
1208 Illinois Ave
FairfieldIL62837
919 Mulberry St
HighlandIL62249
304 N Main St
ZeiglerIL62999
400 S Marshall St
SalemIL62881
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.
510 W 5th St
BentonIL62812
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$9002 Bedroom Apartments Available Now
555 Roddy Rd, Unit B-10
555 Roddy RdSalem, IL 62881
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$9002 Bedroom Apartments Available Now
555 Roddy Rd, Unit A-5
555 Roddy RdSalem, IL 62881
301 E Olive St
Mc LeansboroIL62859
106 Lee Dr
O'FallonIL62269
225 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.
418 Donna Dr
O'FallonIL62269
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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 | $1,281 | $364 | $1,925 |
| Salem 3 Bedroom Homes for Rent | $1,779 | $800 | $2,975 |
| Salem 4 Bedroom Homes for Rent | $2,447 | $2,395 | $2,500 |
| Salem 5 Bedroom Homes for Rent | $3,200 | $3,000 | $3,400 |
| Salem 6 Bedroom Homes for Rent | $2,995 | $2,995 | $2,995 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Salem
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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 2 Beds unit found at Cedars of Lebanon Apartments in the Metro East neighborhood priced from $200. McKay Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $475. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedars of Lebanon Apartments | Two Bedroom | 2BR,1BA | $200 |
| McKay Manor | 1 Bdrm | 1BR,1BA | $475 |
| 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 June 12, 2026 the best value apartment in the Salem area is the $1.15 price per square foot Park Entrance B1 Model at Storyboard on Park Entrance in the in the OFallon neighborhood starting from $1,379. The second greatest value Salem apartment is the 3 Bd Townhouse w/ Garage Model at BSB Apartments starting at $1,150 with a $1.04 price per square foot in the Metro East 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 Park Entrance | Park Entrance B1 | 2BR,2BA | $1.15 |
| BSB Apartments | 3 Bd Townhouse w/ Garage | 3BR,2BA | $1.04 |
| Linwood Apartments | Two Bed One Bath | 2BR,1BA | $0.91 |
| 1400 Sangamon Dr | 2 Beds, 2 baths | 2BR,2BA | $1.15 |
| Flax Meadow Townhomes | Two Bed | 2BR,1.5BA | $0.81 |
| Lakewood Estates | 1 Bedroom | 1BR,1BA | $0.94 |
| The Raymond Apartments | Two bedroom | 2BR,1BA | $1.00 |
| Kingsbury Campus Apartments | 2 Beds, 1 Bath Model | 2BR,1BA | $1.05 |
| McKay Manor | 1 Bdrm | 1BR,1BA | $0.64 |
| Cedars of Lebanon Apartments | Studio | Studio ,1BA | $0.44 |
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.
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Real 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.
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 (688)
4 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 56 Apartments for Rent in Salem, IL with pricing that ranges from $200 to $2,795. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $364 to $3,400.
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 $364 to $3,400 with an average monthly rent of $2,073.
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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.