218 Illinois St
GolcondaIL62938
Cheap Homes for Rent in Salem, KY from $300 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.
205 N Mill St
HarrisburgIL62946
608 Park Ave
HopkinsvilleKY42240
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.
500 E College St
EnergyIL62933
1129 KY-849
BoazKY42027
501 E Reeves St
MarionIL62959
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.
607 Park Ave
HopkinsvilleKY42240
Showing Results 1-7, Page 1 of 1
Salem, KY Local Guide
Main in downtown Salem by Nyttend is licensed under Internal
How much does it cost to rent a home in Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Salem 2 Bedroom Homes for Rent | $1,278 | $685 | $2,500 |
| Salem 3 Bedroom Homes for Rent | $1,493 | $399 | $2,200 |
| Salem 4 Bedroom Homes for Rent | $2,160 | $1,500 | $3,400 |
Browse Top Homes for Rent in Salem
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Salem, KY Local Guide
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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. Mora Mi Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $605. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Willow Run | The Hampton | 1BR,1BA | $515 |
| Mora Mi Apartments | 2991 Clay St 48 | 2BR,1BA | $605 |
| Graystone Henderson | 1 Bedroom | 1BR,1BA | $625 |
Best Value Apartments for Rent in Salem, KY and Nearby
As of June 06, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2600 Fairway Dr | 1X1 | 3BR,2.5BA | $0.89 |
| Eagle Village - Historical Access | 4BR/2BA - Furnished | 4BR,2BA | $0.47 |
| Oak Tree Farms | 2 Bedroom, 1.5 Bath | 2BR,1.5BA | $0.93 |
| Mora Mi Apartments | 2991 Clay St 32 | 2BR,1BA | $0.62 |
| Morris Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.00 |
| Willow Run | The Sterling | 2BR,1BA | $0.92 |
| Chesapeake | B1 | 2BR,1BA | $1.01 |
| Eagle Crossing | 2 Bedroom | 2BR,1BA | $1.01 |
| Senior Community-Franklin Place Apartments | 1 BDR | 1BR,1BA | $0.84 |
| Bee Creek Crossing (Senior Apartments 55+) | 1 Bed / 1 Bath | 1BR,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.
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.
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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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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 57 Apartments for Rent in Salem, KY with pricing that ranges from $580 to $3,600. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $399 to $3,400.
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 $399 to $3,400 with an average monthly rent of $1,316.
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 $625 to $1,695, while Three Bedroom Homes, Condos, and Townhomes for rent range from $399 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $580.
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
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.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.