
Cheap Homes for Rent in Salem, KY from $600 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.


404 N Carroll St
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.

4028 Poole Mill Rd

608 Park Ave

501 E Reeves St

1815 Coleman St

317 5th St
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.

149 N McPherson Ave

105 E Poplar St

1005 N Whitman Dr

16830 IL-37

616 Park Ave

153 Beverly South Rd

2635 Kenwood Dr

611 Park Ave
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

607 Park Ave

9507 Noble Ln
Salem, KY Local Guide

How much does it cost to rent a home in Salem?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Salem 2 Bedroom Homes for Rent | $1,000 | $724 | $1,695 |
Salem 3 Bedroom Homes for Rent | $1,507 | $975 | $2,200 |
Salem 4 Bedroom Homes for Rent | $2,000 | $2,000 | $2,000 |
Browse Top Homes for Rent in Salem
Explore Salem
Salem, KY Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Salem Apartments for Rent and Nearby
 The cheapest available apartment rental in Salem, KY is a 1 Bed unit found at Graystone Henderson in the Henderson North End neighborhood priced from $599. Bee Creek Crossing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Salem apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Graystone Henderson | 1 Bedroom | 1BR,1BA | $599 |
Bee Creek Crossing | 1 Bed, 1 bath | 1BR,1BA | $650 |
PENNYRILE SENIOR APARTMENTS | 1 Bedroom 1 Bathroom | 1BR,1BA | $699 |
Slate Run | Studio | Studio,1BA | $709 |
Willow Run | The Hampton | 1BR,1BA | $730 |
Best Value Apartments for Rent in Salem, KY and Nearby
As of September 02, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
2707 Fairway Dr | 3 bedroom | 3BR,2BA | $1.00 |
Spring St. Townhomes | 3 Beds, 2.5 baths | 3BR,2.5BA | $1.07 |
Eagle Village | 4BR/2BA - Unfurnished | 4BR,2BA | $0.48 |
Liberty Landings | 2 bedroom, 1 bathroom Townhouse | 2BR,1BA | $0.85 |
Canterbury Apartments | Phase 2 | 2BR,2BA | $0.90 |
Wilshire Townhomes | 2BR | 2BR,1.5BA | $1.05 |
Morris Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $0.88 |
Kirkman Terrace | 2 Bedroom | 2BR,1BA | $1.07 |
Parkside Apartments | 2 Bedroom | 2BR,1BA | $1.03 |
Lakewood Flats | 1 Bedroom Deluxe | 1BR,1BA | $0.99 |
Quick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Salem, KY Rentals by Map
See the most popular apartments and homes in Salem, KY
Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 49 Apartments for Rent in Salem, KY with pricing that ranges from $525 to $3,600. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $675 to $2,200.
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 $675 to $2,200 with an average monthly rent of $1,336.
How much are larger Three and Four Bedroom Rentals in Salem?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Salem range from $695 to $1,650, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $2,200. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $580.
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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

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.

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.

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.