Cheap Apartments for Rent near Salem, KY from $515 (42 Rentals)

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Search the lowest-cost Apartments available for rent right now in Salem.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Oak Tree Farms
$878 - $978
Total Monthly Price

Total Monthly Price

Base Rent
$878 - $978
Total Monthly Price
$878 - $978
1 to 2 Bedroom Apartments Available Now

Oak Tree Farms

2101 Pin Oak DrHopkinsville, KY 42240
Family Friendly
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  • Utilities Included
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Maple Valley Townhomes
2 Bedroom Apartments

Maple Valley Townhomes

618 E Waverly StMorganfield, KY 42437
  • Utilities Included
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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
  • Utilities Included

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.

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Little River Landings
1 to 3 Bedroom Apartments

Little River Landings

1101 Pyle LnHopkinsville, KY 42240
  • Utilities Included
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Chesapeake
2 Bedroom Apartments

Chesapeake

202 Chesapeake DrMarion, IL 62959
property at 105 E Poplar St

$850 - $1,050

1 To 2 Bedroom Rentals

Available Now

105 E Poplar St

HarrisburgIL62946

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.

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Showing Results 1-42, Page 1 of 1

Salem, KY Local Guide

Cheapest Available Salem Apartments for Rent and Nearby

 

The cheapest available apartment rental in Salem, KY is a 1 Bed unit found at Willow Run priced from $515. 225 Clara Drive has the second lowest priced unit, which is a 2 Beds apartment currently listed from $625. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willow RunThe Hampton1BR,1BA$515
225 Clara Drive*2/12BR,1BA$625
Bee Creek Crossing (Senior Apartments 55+)1 Bed / 1 Bath1BR,1BA$650
Senior Community-Franklin Place Apartments1 Bedroom1BR,1BA$675
Graystone Henderson1 Bedroom1BR,1BA$675
PENNYRILE SENIOR APARTMENTS1 Bedroom 1 Bathroom1BR,1BA$699
Mora Mi ApartmentsAmazing 1 Beds | 1 Baths | 717 Square Ft. apts ...1BR,1BA$699
Commonwealth Court Apartments1 BR1BR,1BA$705
Marketplace Commons Apartments1 Bedroom1BR,1BA$745
1631 S Main StOne Bed1BR,1BA$750

Best Value Apartments for Rent in Salem, KY and Nearby

As of August 23, 2026 the best value apartment in the Salem area is the $0.89 price per square foot 1X1 Model at 2600 Fairway Dr in the starting from $1,600. The second greatest value Salem apartment is the 4BR/2BA - Furnished Model at Eagle Village - Historical Access starting at $565 with a $0.47 price per square foot in the Evansville West Side neighborhood. Here is today’s list of the best values for Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2600 Fairway Dr1X13BR,2.5BA$0.89
Eagle Village - Historical Access4BR/2BA - Furnished4BR,2BA$0.47
Oak Tree Farms2 Bedroom, 1.5 Bath2BR,1.5BA$0.98
Morris Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$0.88
Willow RunThe Sterling2BR,1BA$0.92
ChesapeakeB12BR,1BA$1.01
Senior Community-Franklin Place Apartments1 BDR1BR,1BA$0.84
Marketplace Commons Apartments1 Bedroom1BR,1BA$0.94
Mora Mi ApartmentsAmazing 1 Beds | 1 Baths | 717 Square Ft. apts ...1BR,1BA$0.97
Bee Creek Crossing (Senior Apartments 55+)1 Bed / 1 Bath1BR,1BA$0.96

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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Salem, KY Rentals by Map

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Frequently Asked Questions about Cheap Salem Apartments

How much is rent for a Cheap One Bedroom Salem Apartment?

The lowest price for a Cheap One Bedroom Salem Apartment is $515 at Willow Run.

What is the lowest price for a Cheap Two Bedroom Salem Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Salem is starting from $625 at 225 Clara Drive.

What is the most affordable Salem Three Bedroom Apartment?

The best deal on a cheap Salem Three Bedroom Apartment rental is at Mora Mi Apartments and starts from $899.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.