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$750
Total Monthly Price12 Month Lease Term
3 Bedroom Apartment Available Aug 3Total Monthly Price
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$750
Total Monthly Price
$750
52 Lawrence St, Unit 3rd Floor
52 Lawrence StSalem, MA 01970
Cheap Apartments for Rent in Salem, MA from $600 (98 Rentals)
Search the lowest-cost Apartments available for rent right now in Salem.
40R Highland Ave
SalemMA01970
37 Osborne Hill Dr
SalemMA01970
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$1,550 - $1,700
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilitySalem Heights
12 Pope StSalem, MA 01970
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$1,700 - $2,500
Plus Fees
Studio to 2 Bedroom Apartments Available NowSalem Highlands
84 Highland AveSalem, MA 01970
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$1,700 - $2,200
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1 Bedroom Apartment Available NowTotal Monthly Price
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$1,700 - $2,200
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$1,700 - $2,200
36 Endicott St
36 Endicott StSalem, MA 01970
33 Federal St
SalemMA01970
40 Winthrop St, Unit Room in a house
40 Winthrop St
SalemMA01970
143 Canal St, Unit 4
143 Canal St
SalemMA01970
8 Hersey St
SalemMA01970
Top Short-Term Rental Neighborhoods in Boston: Tips from a Local Expert
Get a local expert's guide to Boston's top 5 short-term rental neighborhoods. Essential tips on Fenway, Beacon Hill, Seaport, and Allston/Brighton.
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$1,995
Total Monthly Price15 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
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$1,995
Total Monthly Price
$1,995
8 Hersey St, Unit 3
8 Hersey StSalem, MA 01970
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$2,000
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
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$2,000
Total Monthly Price
$2,000
62 Mason St, Unit 2R
62 Mason StSalem, MA 01970
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$2,000
Total Monthly Price
1 Bedroom Apartments Available Aug 1Total Monthly Price
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$2,000
Total Monthly Price
$2,000
233 Lafayette St, Unit 24
233 Lafayette StSalem, MA 01970
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$2,000
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Aug 1Total Monthly Price
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$2,000
Total Monthly Price
$2,000
5 Adams St, Unit 1
5 Adams StSalem, MA 01970
5 Adams St, Unit 1
5 Adams St
SalemMA01970
233 Lafayette St
SalemMA01970
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$2,1001 Bedroom Apartments Available Jul 15
257 Washington St, Unit 3
257 Washington StSalem, MA 01970
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$2,150 - $2,600
Plus Fees
1 to 2 Bedroom Apartments Available Jul 20Princeton Crossing
12 Heritage DrSalem, MA 01970
117 North St, Unit 3
117 North St
SalemMA01970
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$2,1751 Bedroom Apartments Available Aug 2
8 Hancock St, Unit 1L
8 Hancock StSalem, MA 01970
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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$2,1751 Bedroom Apartments Available Sep 1
257 Washington St, Unit 16
257 Washington StSalem, MA 01970
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Rent Specials
$2,200 - $2,700
Plus Fees
1 to 2 Bedroom Apartments Available NowUniversity Square South
124 Ocean AveSalem, MA 01970
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$2,200
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
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$2,200
Total Monthly Price
$2,200
84 Hathorne St, Unit 1 rear
84 Hathorne StSalem, MA 01970
31 Forrester St
SalemMA01970
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Studio to 1 Bedroom Apartments
Fairweather Apartments (Age 62+ Community)
40 Highland AveSalem, MA 01970
116 Lafayette St
SalemMA01970
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Studio to 2 Bedroom Apartments
The Residences at St. James
160 Federal StSalem, MA 01970
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Studio to 3 Bedroom Apartments
The Lighthouses
34 Peabody StSalem, MA 01970
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1 Bedroom Apartments
327 Jefferson Ave
327 Jefferson AveSalem, MA 01970
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1 to 3 Bedroom Apartments
143 Canal St
143 Canal StSalem, MA 01970
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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1 Bedroom Apartments
1 Harbor
1 Harbor StSalem, MA 01970
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1 to 3 Bedroom Apartments
122 Boston
122 Boston StSalem, MA 01970
98 Margin St
SalemMA01970
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1 Bedroom Apartments
278 Lafayette St
278 Lafayette StSalem, MA 01970
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1 to 3 Bedroom Apartments
Park Towers
100 Washington StSalem, MA 01970
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1 Bedroom Apartments
Fairfax
176 Lafayette StSalem, MA 01970
15 Lynde St
SalemMA01970
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Studio to 2 Bedroom Apartments
University Square North
136 Canal StSalem, MA 01970
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1 to 3 Bedroom Apartments
River Rock Residences
92 Boston StSalem, MA 01970
376 Washington St
LynnMA01901
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.
39 Smith St
MarbleheadMA01945
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$1,625Studio Apartments Available Now
38 Estes St, Unit 4
38 Estes StLynn, MA 01902
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$1,650 - $2,025
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowBayView Apartments
135 Ocean StLynn, MA 01902
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$1,650Studio Apartments Available Now
32 Chestnut St, Unit 8
32 Chestnut StLynn, MA 01902
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Rent Specials
$1,700 - $2,025
Plus Fees
Studio to 1 Bedroom Apartments Available NowThe Vault
23 Central AveLynn, MA 01901
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$1,7001 Bedroom Apartments Available Now
2 Kingsley Terrace, Unit 9
2 Kingsley TerraceLynn, MA 01902
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$1,700 - $1,800
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
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$1,700 - $1,800
Total Monthly Price
$1,700 - $1,800
2 Johnsons Ter
2 Johnsons TerLynn, MA 01902
126 Lowell St
PeabodyMA01960
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$1,795 - $2,500
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,795 - $2,500
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$1,795 - $2,500
Mosaic
75 Baldwin StLynn, MA 01902
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$1,8001 Bedroom Apartments Available Now
33-35 Essex Ct, Unit 1
33-35 Essex CtLynn, MA 01902
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.
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Salem, MA Local Guide
How much does it cost to rent an apartment in Salem?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Cheap Salem Studio Apartments | $1,953 | $1,100 | $2,669 |
| Cheap Salem 1 Bedroom Apartments | $2,443 | $1,200 | $3,661 |
| Cheap Salem 2 Bedroom Apartments | $3,007 | $1,700 | $6,406 |
| Cheap Salem 3 Bedroom Apartments | $3,461 | $750 | $10,000+ |
| Cheap Salem 4 Bedroom Apartments | $8,224 | $2,800 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Salem
See all Apartments in SalemExplore Salem
Salem, MA Local Guide
Written By:
Staff Writer Local Guide Expert
- Salem Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Salem, MA
Pricing Updated: 07/04/2026Current apartment rentals in the Salem, MA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Salem Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| North Salem | $2,950 | $1,800 | 13 |
| North Shore | $9,311 | $750 | 750 |
Cheapest Available Salem Apartments for Rent
The cheapest available apartment rental in Salem, MA is a Studio unit found at 91-93 Cabot St in the Centerville neighborhood priced from $1,150. BayView Apartments in the East Lynn neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,650. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 91-93 Cabot St | 0 Beds, 1 Baths | Studio,1BA | $1,150 |
| BayView Apartments | 66 Basset St Studio | Studio,1BA | $1,650 |
| River Drive Apartments | S1G | Studio,1BA | $1,700 |
| The Vault | 0BR/1.0BA | Studio,1BA | $1,700 |
| Salem Highlands | Studio, non-renovated | Studio,1BA | $1,700 |
| Mosaic | Studio 1 | 1BR,1BA | $1,795 |
| 278 Lafayette St | 1 Beds, 1 Baths | 1BR,1BA | $1,900 |
Best Value Apartments for Rent in Salem, MA
As of July 04, 2026 the best value apartment in the Salem area is the $1.78 price per square foot 84 Endicott St Model at 84 Endicott St, Unit 1-R in the in the South Peabody neighborhood starting from $3,200. The second greatest value Salem apartment is the 35 Fearless Ave Model at 35 Fearless Ave, Unit 2 starting at $2,900 with a $2.00 price per square foot in the East Lynn 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. |
|---|---|---|---|
| 84 Endicott St, Unit 1-R | 84 Endicott St | 3BR,1BA | $1.78 |
| 35 Fearless Ave, Unit 2 | 35 Fearless Ave | 3BR,1BA | $2.00 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 107 Ocean St, Unit 2 | 107 Ocean St | 2BR,1BA | $2.00 |
| Eagle Rock Apartments at Swampscott | B1 | 2BR,2BA | $2.34 |
| 6 Cushing St, Unit 2nd floor | 6 Cushing St | 2BR,1BA | $2.17 |
| 6 Berry St, Unit 1 | 6 Berry St | 2BR,1BA | $1.94 |
| 240 Conant Apartments | 2 Bed T02 | 2BR,2BA | $2.40 |
| 9 Central St, Unit 9C-1 | 9 Central St | 2BR,1BA | $2.09 |
| 31 Walter St | 31 Walter St | 2BR,1BA | $2.56 |
Boston Neighborhood Guide: Living Near UMass, MGH, and State Street
Get the local scoop! ApartmentHomeLiving's Boston Expert reveals the best neighborhoods to rent for employees of UMass Boston, Mass General Hospital, State Street, and more.
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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 ArticleTop Neighborhoods Near Boston Colleges and Universities
Learn About the Best Neighborhoods to Rent Near College Campuses in Boston, MA | Find Boston Off-Campus Student Housing at ApartmentHomeLiving.com
Read ArticleReal 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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Salem Overview
Salem has the feel of a small, compact town. Here, friendly residents celebrate together in the summer and stick together during blustery winters. This town's rich history and placement near Boston makes it a great place for both city commuters and people longing for a quieter life.
Why live in Salem, MA?
Salem has a reputation as a great home for young, energetic people. They come for Salem State University and stay for the creative scene, exciting history, and dynamic local businesses. However, this city also has a lot to offer busy professionals and families. It's close enough to commute to Boston, but decidedly more budget-friendly than the big city. Salem boasts a gorgeous waterfront, numerous museums and galleries, and centuries of history lying around every corner just waiting to be explored. Salem has a magic that turns visitors into residents, and residents into longtime locals.
Pet Friendly Lifestyle
Ranked #
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Salem, MA Rentals by Map
See the most popular apartments and homes in Salem, MA
Frequently Asked Questions about Cheap Salem Apartments
What is the Cheapest Studio apartment in Salem?
Currently the most affordable Cheap Studio Apartment in Salem is at 91-93 Cabot St listed at $1,150.
How much is rent for a Cheap One Bedroom Salem Apartment?
The lowest price for a Cheap One Bedroom Salem Apartment is $1,795 at Mosaic.
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 $2,250 at River Drive Apartments.
What is the most affordable Salem Three Bedroom Apartment?
The best deal on a cheap Salem Three Bedroom Apartment rental is at Bell North Shore and starts from $4,485.
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.
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The 10 Best Affordable Neighborhoods in Boston, MA
Written by: Amelia Ramstead
Boston is known for its exciting combination of early American history and modern high-tech universities and employers.
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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.