Cheap Apartments for Rent in Salem, KY from $500 (39 Rentals)

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

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Maple Valley Townhomes
2 Bedroom Apartments

Maple Valley Townhomes

618 E Waverly StMorganfield, KY 42437
  • Utilities Included

Cash 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.

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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
  • Utilities Included
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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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Lone Oak Villas
2 Bedroom Apartments

Lone Oak Villas

710 Lone Oak RdPaducah, KY 42003
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

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Showing Results 1-39, 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 225 Clara’s priced from $525. Graystone Henderson in the Henderson North End neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $599. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
225 Clara’s1-bedroom1BR,1BA$525
Graystone Henderson1 Bedroom1BR,1BA$599
PENNYRILE SENIOR APARTMENTS1 Bedroom 1 Bathroom1BR,1BA$635
Bee Creek Crossing1 Bed, 1 bath1BR,1BA$650
Slate RunStudioStudio,1BA$729
Willow RunThe Hampton1BR,1BA$730
1631 S Main StOne Bed1BR,1BA$750
Foxfire West Apartments1 Bedroom 1 Bath Fireplace1BR,1BA$775
Jackson House1 Bedroom - Jackson House1BR,1BA$781
Eagle Crossing2 Bedroom2BR,1BA$799

Best Value Apartments for Rent in Salem, KY and Nearby

As of August 04, 2025 the best value apartment in the Salem area is the $1.00 price per square foot 3 bedroom Model at 2707 Fairway Dr in the starting from $1,400. The second greatest value Salem apartment is the 3 Beds, 2.5 baths Model at Spring St. Townhomes starting at $1,350 with a $1.07 price per square foot . 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.
2707 Fairway Dr3 bedroom3BR,2BA$1.00
Spring St. Townhomes3 Beds, 2.5 baths3BR,2.5BA$1.07
Wilshire Townhomes2BR2BR,1.5BA$1.05
Cottonwood2 Bed Duplex2BR,1.5BA$1.05
Canterbury ApartmentsPhase 22BR,2BA$0.90
Kirkman Terrace2 Bedroom2BR,1BA$1.07
Eagle Crossing2 Bedroom2BR,1BA$0.95
Parkside Apartments2 Bedroom2BR,1BA$1.03
PENNYRILE SENIOR APARTMENTS2 Bedroom 1 Bathroom2BR,1BA$1.06
225 Clara’s1-bedroom1BR,1BA$0.91

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

Explore Salem, KY Rentals by Map

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Getting Around Salem, KY

Walk Score®

17 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

22 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $525 at 225 Clara’s.

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 $750 at PENNYRILE SENIOR APARTMENTS.

What is the most affordable Salem Three Bedroom Apartment?

The best deal on a cheap Salem Three Bedroom Apartment rental is at 225 Clara’s and starts from $725.

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.

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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.