116 E Harrison Ave
ClarksvilleIN47129
Cheap Homes for Rent in Salem, IN from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.
112 Boston Ct
LouisvilleKY40212
400 N Clark Blvd
ClarksvilleIN47129
4435 Parker Ave
LouisvilleKY40212
515 E Brookelynn Ct
PekinIN47165
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.
1104 Stonebench Cir
JeffersonvilleIN47130
312 Apple Tree Ln
MemphisIN47143
3831 Horne Ave
New AlbanyIN47150
2906 Montgomery St
LouisvilleKY40212
353 N 27th St
LouisvilleKY40212
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.
Showing Results 1-10, 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 | $1,027 | $725 | $1,250 |
| Salem 3 Bedroom Homes for Rent | $1,603 | $1,000 | $3,200 |
| Salem 4 Bedroom Homes for Rent | $1,730 | $1,355 | $2,545 |
| Salem 5 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
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 Clarksville neighborhood priced from $200. Foxtail Pointe in the Southern Indiana neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $573. 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 |
| Foxtail Pointe | 3 Bdrm | 3BR,2BA | $573 |
| Stonebrook of Scottsburg | 1 Bedroom | 1BR,1BA | $699 |
Best Value Apartments for Rent in Salem, IN and Nearby
As of July 05, 2026 the best value apartment in the Salem area is the $0.89 price per square foot 3 Bedroom 2 Bath Model at Knobs Pointe Apartments in the in the New Albany neighborhood starting from $1,425. The second greatest value Salem apartment is the The Arbor Model at Arbor Place Apartments starting at $1,150 with a $0.96 price per square foot in the New Albany 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. |
|---|---|---|---|
| Knobs Pointe Apartments | 3 Bedroom 2 Bath | 3BR,2BA | $0.89 |
| Arbor Place Apartments | The Arbor | 2BR,1.5BA | $0.96 |
| Heritage Springs Rentals | Villas of Heritage Springs Townhomes | 3BR,1.5BA | $1.00 |
| Adelyn Apartments | 4229-7 | 2BR,2BA | $1.03 |
| Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
| Valley Ridge | Two Bedroom Townhome | 2BR,1BA | $1.05 |
| 701-709 Etzler Dr | 2 Bedroom | 2BR,1BA | $1.00 |
| Courtyard Apartments | 2.1A | 2BR,1BA | $1.01 |
| The Monroe | 1 Bedroom and 1 Bathroom | 1BR,1BA | $1.06 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $0.34 |
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 Article
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
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Best Local Schools in Salem, IN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Salem, IN Rentals by Map
See the most popular apartments and homes in Salem, IN
Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 59 Apartments for Rent in Salem, IN with pricing that ranges from $200 to $2,010. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $725 to $3,200.
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 $725 to $3,200 with an average monthly rent of $1,611.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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.