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$1,450 - $1,600
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1 to 2 Bedroom Apartments Contact Us For AvailabilitySalem Heights
12 Pope StSalem, MA 01970
Cheap Apartments for Rent in Salem, MA from $600 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Salem.
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$1,610 - $2,070
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowThe Residences at St. James
160 Federal StSalem, MA 01970
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$1,700 - $2,500
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Studio to 2 Bedroom Apartments Contact Us For AvailabilitySalem Highlands
84 Highland AveSalem, MA 01970
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Studio to 1 Bedroom Apartments
Fairweather Apartments (Age 62+ Community)
40 Highland AveSalem, MA 01970
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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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2 Victory Rd
LynnMA01902
585 Essex St
LynnMA01901
124 Green St
LynnMA01902
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$1,600 - $1,960
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowBayView Apartments
135 Ocean StLynn, MA 01902
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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.
2 Kingsley Terrace
LynnMA01902
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604 Essex St
LynnMA01901
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Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & 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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Salem, MA Local Guide
Salem Common by Diego Brito is licensed under CC BY 2.0
How much does it cost to rent an apartment in Salem?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Cheap Salem Studio Apartments | $1,953 | $1,495 | $2,375 |
| Cheap Salem 1 Bedroom Apartments | $2,408 | $1,450 | $3,995 |
| Cheap Salem 2 Bedroom Apartments | $2,895 | $1,600 | $4,750 |
| Cheap Salem 3 Bedroom Apartments | $3,193 | $2,300 | $4,705 |
| Cheap Salem 4 Bedroom Apartments | $3,306 | $2,900 | $3,600 |
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: 01/03/2026Current 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 Shore | $3,416 | $900 | 1111 |
| North Salem | $4,102 | $1,610 | 26 |
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 $1,600. The Residences at St. James in the South Salem neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,610. 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 | $1,600 |
| The Residences at St. James | Studio 60% | Studio,1BA | $1,610 |
| Perry Street Apartments | 11-#3 | 1BR,1BA | $1,750 |
| 50 Broadway Apartment Homes | Studio A | Studio,1BA | $1,780 |
| 175 Ocean St | The Twos | 1BR,1BA | $1,800 |
Best Value Apartments for Rent in Salem, MA
As of January 03, 2026 the best value apartment in the Salem area is the $1.84 price per square foot 8 Randall St Model at 8 Randall St, Unit 2 in the in the North Salem neighborhood starting from $3,375. The second greatest value Salem apartment is the 23 Gardner St Model at 23 Gardner St starting at $2,600 with a $1.86 price per square foot in the South Salem 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. |
|---|---|---|---|
| 8 Randall St, Unit 2 | 8 Randall St | 4BR,1.5BA | $1.84 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 197 Eutaw Ave, Unit Apt 2 | 197 Eutaw Ave | 3BR,1BA | $2.46 |
| Eagle Rock Apartments at Swampscott | B1 | 2BR,2BA | $2.18 |
| 37 Endicott St, Unit 3 | 37 Endicott St | 2BR,1BA | $1.67 |
| 240 Conant Apartments | 2 Bed T02 | 2BR,2BA | $2.48 |
| 34 Central St, Unit 1 | 34 Central St | 2BR,1BA | $2.36 |
| 20 High Street Lynn, MA 01902 | 2BR/1.0BA | 2BR,1BA | $2.20 |
| 33 Cherry St, Unit 1 | 33 Cherry St | 2BR,1BA | $2.10 |
| 74 Puritan Rd, Unit #1 | 74 Puritan Rd | 1BR,1BA | $2.38 |
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.
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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.
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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.
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
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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 $1,999.
What is the price of a cheap apartment in Salem?
The cheapest apartment in Salem is The Residences at St. James which is listed at $1,725, while the average apartment in Salem costs $3,759.
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 32 regular apartments in Salem that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Salem?
Cheap apartments in Salem have an average cost of $189 which is $3,570 cheaper than the average rent for all rentals in Salem.
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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Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!