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$1,350 - $1,5001 to 2 Bedroom Apartments Contact Us For Availability
Salem Heights
12 Pope StSalem, MA 01970
Cheap Apartments for Rent in Salem, MA from $900 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Salem.
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$1,473 - $2,188Studio to 3 Bedroom Apartments Contact Us For Availability
The Lighthouses
34 Peabody StSalem, MA 01970
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$1,610 - $2,070Studio to 2 Bedroom Apartments Available Oct 15
The Residences at St. James
160 Federal StSalem, MA 01970
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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$1,700 - $2,500Studio to 2 Bedroom Apartments Contact Us For Availability
Salem 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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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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$1,500 - $2,100Studio to 1 Bedroom Apartments Available Now
BayView Apartments
135 Ocean StLynn, MA 01902
585 Essex St
LynnMA01901
99 Laighton St
LynnMA01902
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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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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 Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Salem Studio Apartments | $1,944 | $1,473 | $2,675 |
| Cheap Salem 1 Bedroom Apartments | $2,517 | $1,350 | $7,414 |
| Cheap Salem 2 Bedroom Apartments | $3,192 | $1,450 | $10,000+ |
| Cheap Salem 3 Bedroom Apartments | $3,281 | $2,188 | $6,250 |
| Cheap Salem 4 Bedroom Apartments | $3,908 | $3,000 | $5,200 |
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
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Salem, MA
Pricing Updated: 08/03/2025Current 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 | $3,400 | $1,610 | 13 |
| North Shore | $7,350 | $1,050 | 683 |
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 $1,500. Mosaic in the Central neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,725. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| BayView Apartments | 66 Studio Classic | Studio,1BA | $1,500 |
| Mosaic | 0 Beds, 1 Baths | Studio,1BA | $1,725 |
| River Drive Apartments | S1G | Studio,1BA | $1,900 |
| The Vault | 1BR/1.0BA | 1BR,1BA | $2,100 |
Best Value Apartments for Rent in Salem, MA
As of August 03, 2025 the best value apartment in the Salem area is the $0.28 price per square foot 10 Winter St Model at 10 Winter St, Unit 1 in the in the South Salem neighborhood starting from $2,800. The second greatest value Salem apartment is the 315 Lafayette St Model at 315 Lafayette St, Unit 2 starting at $2,500 with a $0.69 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. |
|---|---|---|---|
| 10 Winter St, Unit 1 | 10 Winter St | 3BR,2BA | $0.28 |
| 315 Lafayette St, Unit 2 | 315 Lafayette St | 2BR,1BA | $0.69 |
| 1 Dennis St, Unit 2 | 1 Dennis St | 2BR,1BA | $1.21 |
| 355 Jefferson Ave, Unit 2 | 355 Jefferson Ave | 4BR,1BA | $1.81 |
| 21 Hawser Ln, Unit 2 | 21 Hawser Ln | 2BR,2.5BA | $1.98 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 26 Geneva St, Unit 2 | 26 Geneva St | 2BR,1BA | $1.81 |
| 9 1st St, Unit 2 | 9 1st St | 2BR,2.5BA | $1.09 |
| 15 Hines Ct, Unit 2 | 15 Hines Ct | 2BR,1.5BA | $1.95 |
| 104 Boston St, Unit 2 | 104 Boston St | 2BR,1BA | $1.76 |
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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
Getting Around Salem, MA
Walk Score®
84 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
62 / 100
Bikeable
Some bike infrastructure
Transit Score®
34 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $2,100.
What is the price of a cheap apartment in Salem?
The cheapest apartment in Salem is Mosaic which is listed at $1,850, while the average apartment in Salem costs $5,375.
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 29 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 $392 which is $4,983 cheaper than the average rent for all rentals in Salem.
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.
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.
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.
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.
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.