1118-B 17th St
BedfordIN47421
Cheap Homes for Rent in Salem, IN from $800 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.
301 S Main St
SalemIN47167
208 S Chestnut St
SeymourIN47274
2-982 W Vest St
ScottsburgIN47170
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.
406 17th St
BedfordIN47421
1740 E Market St
New AlbanyIN47150
103 S 43rd St
LouisvilleKY40212
4305 Reas Ln
New AlbanyIN47150
212 N 37th St
LouisvilleKY40212
116 S 45th St
LouisvilleKY40212
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.
111 N 46th St
LouisvilleKY40212
Showing Results 1-11, Page 1 of 1
Salem, IN Local Guide
Forest in Indiana by Kurt Beard 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 | $1,480 | $900 | $2,000 |
| Salem 3 Bedroom Homes for Rent | $1,660 | $1,250 | $2,600 |
| Salem 4 Bedroom Homes for Rent | $1,703 | $1,200 | $2,245 |
| Salem 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Top Homes for Rent in Salem
Explore Salem
Salem, IN Local Guide
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Cheapest Available Salem Apartments for Rent and Nearby
The cheapest available apartment rental in Salem, IN is a 1 Bed unit found at Yellowwood Terrace Affordable Senior Housing in the Southern Indiana neighborhood priced from $200. Brookview Glen in the Downtown New Albany neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $378. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $200 |
| Brookview Glen | Studio | Studio,1BA | $378 |
| Willow Run | Studio | Studio,1BA | $749 |
| Stonebrook of Scottsburg | A1 | 1BR,1BA | $750 |
| Water's Edge | One Bedroom Reservation List | 1BR,1BA | $771 |
Best Value Apartments for Rent in Salem, IN and Nearby
As of July 24, 2025 the best value apartment in the Salem area is the $0.98 price per square foot 2BR/2.0BA Model at Lochwood Apartments in the in the Southern Indiana neighborhood starting from $1,465. The second greatest value Salem apartment is the Koehler Springs II Model at Koehler Springs starting at $1,200 with a $0.89 price per square foot in the Southern Indiana 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. |
|---|---|---|---|
| Lochwood Apartments | 2BR/2.0BA | 2BR,2BA | $0.98 |
| Koehler Springs | Koehler Springs II | 3BR,2.5BA | $0.89 |
| Heritage Springs Rentals | Villas of Heritage Springs Apartments | 2BR,2BA | $1.03 |
| Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
| Kingsfield Luxury Apartments | One Bedroom | 1BR,1BA | $0.94 |
| High Park Apartments | 2 Bedroom | 2BR,1BA | $1.01 |
| Glenview Apartments | 1 Bedroom | 1BR,1BA | $1.05 |
| Courtyard Apartments | 2.1A | 2BR,1BA | $1.05 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $0.34 |
| Brookview Glen | Studio | Studio ,1BA | $0.95 |
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Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 52 Apartments for Rent in Salem, IN with pricing that ranges from $200 to $1,649. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $850 to $3,000.
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 $850 to $3,000 with an average monthly rent of $1,772.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.