Cheap Homes for Rent in Salem, KY from $600 (17 Rentals)

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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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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 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 ListingModel NameBed/BathPriced From
Graystone Henderson1 Bedroom1BR,1BA$599
Bee Creek Crossing1 Bed, 1 bath1BR,1BA$650
PENNYRILE SENIOR APARTMENTS1 Bedroom 1 Bathroom1BR,1BA$699
Slate RunStudioStudio,1BA$709
Willow RunThe Hampton1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
2707 Fairway Dr3 bedroom3BR,2BA$1.00
Spring St. Townhomes3 Beds, 2.5 baths3BR,2.5BA$1.07
Eagle Village4BR/2BA - Unfurnished4BR,2BA$0.48
Liberty Landings2 bedroom, 1 bathroom Townhouse2BR,1BA$0.85
Canterbury ApartmentsPhase 22BR,2BA$0.90
Wilshire Townhomes2BR2BR,1.5BA$1.05
Morris Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$0.88
Kirkman Terrace2 Bedroom2BR,1BA$1.07
Parkside Apartments2 Bedroom2BR,1BA$1.03
Lakewood Flats1 Bedroom Deluxe1BR,1BA$0.99

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

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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.

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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.

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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.