40R Highland Ave
SalemMA01970
Cheap Apartments for Rent in Salem, MA from $600 (120 Rentals)
Search the lowest-cost Apartments available for rent right now in Salem.
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$1,4001 Bedroom Apartments Available Now
10 Howard St, Unit 1
10 Howard StSalem, MA 01970
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$1,4001 Bedroom Apartments Available Now
10 Howard St, Unit 2
10 Howard StSalem, MA 01970
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$1,4001 Bedroom Apartments Available Now
10 Howard St, Unit 3
10 Howard StSalem, MA 01970
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$1,450 - $1,600
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilitySalem Heights
12 Pope StSalem, MA 01970
37 Osborne Hill Dr
SalemMA01970
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$1,700
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Jun 1Total Monthly Price
Base Rent
$1,700
Total Monthly Price
$1,700
41 English St, Unit Rear, Unit Rear
41 English 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
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Jun 1Total Monthly Price
Base Rent
$1,700
Total Monthly Price
$1,700
13 Lemon St, Unit Lemon St, Unit Lemon St
13 Lemon StSalem, MA 01970
366 Essex 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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$1,800
Plus Fees
1 Bedroom Apartments Available NowHistoric 1 Harbor St
1 Harbor StSalem, MA 01970
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$1,900
Plus Fees
1 Bedroom Apartments Contact Us For Availability260 Washington Apartments – Modern Living in the Heart of Salem
260 Washington StSalem, MA 01970
233 Lafayette St
SalemMA01970
8 Hersey St
SalemMA01970
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$1,995
Total Monthly Price15 Month Lease Term
2 Bedroom Apartment Available Jun 15Total Monthly Price
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$1,995
Total Monthly Price
$1,995
8 Hersey St, Unit 3, Unit 3
8 Hersey StSalem, MA 01970
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$2,1001 Bedroom Apartments Available Jun 1
257 Washington St, Unit 3
257 Washington StSalem, MA 01970
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Rent Specials
$2,150 - $2,550
Plus Fees
1 to 2 Bedroom Apartments Available NowPrinceton Crossing
12 Heritage DrSalem, MA 01970
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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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$2,1751 Bedroom Apartments Available Aug 2
8 Hancock St, Unit 1L
8 Hancock StSalem, MA 01970
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$2,2001 Bedroom Apartments Available Now
17 Pickman St, Unit 5
17 Pickman 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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$2,275
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Jul 1Total Monthly Price
Base Rent
$2,275
Total Monthly Price
$2,275
30 Gardner St, Unit 2, Unit 2
30 Gardner StSalem, MA 01970
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Rent Specials
$2,278 - $3,475
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,278 - $3,475
Total Monthly Price
Varies
Traders Row
45 Traders WaySalem, MA 01970
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$2,3001 Bedroom Apartments Available Aug 1
233 Lafayette St, Unit 16
233 Lafayette StSalem, MA 01970
55 Buffum St
SalemMA01970
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$2,4002 Bedroom Apartments Available Jun 1
5 Wall St, Unit 1
5 Wall StSalem, MA 01970
5 Pearl 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
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
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
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1 to 3 Bedroom Apartments
122 Boston
122 Boston StSalem, MA 01970
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1 Bedroom Apartments
Residences at Lafayette LLC- 176 Lafayette
176 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 to 3 Bedroom Apartments
River Rock Residences
92 Boston StSalem, MA 01970
45 Broad St
SalemMA01970
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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$1,625Studio Apartments Available Now
38 Estes St, Unit 4
38 Estes StLynn, MA 01902
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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$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
2 Kingsley Terrace
LynnMA01902
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$1,7001 Bedroom Apartments Available Now
2 Kingsley Terrace, Unit 9
2 Kingsley TerraceLynn, MA 01902
119 Lewis St
LynnMA01902
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$1,8001 Bedroom Apartments Available Now
33-35 Essex Ct, Unit Unit 1
33-35 Essex CtLynn, MA 01902
126 Lowell St
PeabodyMA01960
180 Lewis St
LynnMA01902
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$1,8501 Bedroom Apartments Available Now
44 Estes St, Unit 5
44 Estes StLynn, MA 01902
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$1,8501 Bedroom Apartments Available Now
44 Estes St, Unit 14
44 Estes StLynn, 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.
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 | $2,130 | $1,100 | $4,326 |
| Cheap Salem 1 Bedroom Apartments | $2,464 | $1,450 | $3,715 |
| Cheap Salem 2 Bedroom Apartments | $3,031 | $1,600 | $8,066 |
| Cheap Salem 3 Bedroom Apartments | $3,554 | $2,500 | $10,000+ |
| Cheap Salem 4 Bedroom Apartments | $5,937 | $3,600 | $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
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Cheapest Neighborhoods for Apartments in Salem, MA
Pricing Updated: 05/19/2026Current 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 | $3,097 | $1,750 | 14 |
| North Shore | $8,329 | $1,100 | 885 |
Cheapest Available Salem Apartments for Rent
The cheapest available apartment rental in Salem, MA is a Studio unit found at BayView Apartments in the East Lynn neighborhood priced from $1,650. Salem Highlands in the South Salem neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,700. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| BayView Apartments | 66 Basset St Studio | Studio,1BA | $1,650 |
| Salem Highlands | Studio, non-renovated | Studio,1BA | $1,700 |
| Mosaic | 1 Beds, 1 Baths | 1BR,1BA | $1,795 |
| Historic 1 Harbor St | 1BR/1.0BA | 1BR,1BA | $1,800 |
| River Drive Apartments | S1G | Studio,1BA | $1,850 |
| 175 Ocean St | The Threes | 1BR,1BA | $2,000 |
| 24 Mount Vernon Apartments | Standard Studio | Studio,1BA | $2,195 |
| Folly Hill Meadows | 1Bd 1Bt (820 sq ft) | 1BR,1BA | $2,195 |
| The Oxford Lynn | 1 Bed - 02 | 1BR,1BA | $2,195 |
Best Value Apartments for Rent in Salem, MA
As of May 20, 2026 the best value apartment in the Salem area is the $0.78 price per square foot 12 Walter St Model at 12 Walter St, Unit #1 in the in the East Lynn neighborhood starting from $3,275. The second greatest value Salem apartment is the 84 Endicott St Model at 84 Endicott St, Unit 1-R starting at $3,200 with a $1.78 price per square foot in the South Peabody 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. |
|---|---|---|---|
| 12 Walter St, Unit #1 | 12 Walter St | 3BR,1BA | $0.78 |
| 84 Endicott St, Unit 1-R | 84 Endicott St | 3BR,1BA | $1.78 |
| 6 March St, Unit 6 March St | 6 March St | 4BR,1BA | $2.40 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 13 Becket St, Unit 2 | 13 Becket St | 2BR,1BA | $1.91 |
| 48 Balcomb St, Unit 2 | 48 Balcomb St | 3BR,1BA | $2.39 |
| 12 Michigan Ave | 12 Michigan Ave | 3BR,1BA | $1.92 |
| 6 Berry St, Unit 1 | 6 Berry St | 2BR,1BA | $1.88 |
| 58 Essex St, Unit 1 | 58 Essex St | 3BR,1BA | $2.29 |
| 42 Pond St, Unit 3 | 42 Pond St | 2BR,1BA | $2.27 |
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.
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 a cheap apartment in Salem?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Salem is under $2,195.
What is the price of a cheap apartment in Salem?
The cheapest apartment in Salem is Mosaic which is listed at $1,795, while the average apartment in Salem costs $5,713.
What types of apartments are the cheapest in Salem?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 64 regular apartments in Salem that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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
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