40R Highland Ave
SalemMA01970
Cheap Apartments for Rent in Salem, MA from $600 (96 Rentals)
Search the lowest-cost Apartments available for rent right now in Salem.
37 Osborne Hill Dr
SalemMA01970
close
View Me
$1,550 - $1,700
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilitySalem Heights
12 Pope StSalem, MA 01970
close
View Me
$1,700 - $2,500
Plus Fees
Studio to 2 Bedroom Apartments Available NowSalem Highlands
84 Highland AveSalem, MA 01970
close
View Me
$1,700 - $2,200
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,700 - $2,200
Total Monthly Price
$1,700 - $2,200
36 Endicott St
36 Endicott StSalem, MA 01970
close
View Me
$1,700
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Sep 1Total Monthly Price
Base Rent
$1,700
Total Monthly Price
$1,700
101 Derby St, Unit 1
101 Derby StSalem, MA 01970
40 Winthrop St, Unit Room in a house
40 Winthrop St
SalemMA01970
close
View Me
$1,900 - $3,155
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowGrove Street Landing
64 Grove StSalem, MA 01970
1 Hazel St
SalemMA01970
6 Northey St
SalemMA01970
Moving to Boston Without Losing Your Mind: A Renter’s Guide to a Smooth Move
Moving to Boston? Discover how to handle unique rental rules, avoid common moving day pitfalls, and prepare for your first winter in the city
15 Lynde St, Unit 26
15 Lynde St
SalemMA01970
31 Forrester St
SalemMA01970
close
View Me
$2,1001 Bedroom Apartments Available Now
257 Washington St, Unit 3
257 Washington StSalem, MA 01970
close
View Me
Rent Specials
$2,140 - $2,600
Plus Fees
1 to 2 Bedroom Apartments Available NowPrinceton Crossing
12 Heritage DrSalem, MA 01970
close
View Me
$2,2001 Bedroom Apartments Available Sep 1
257 Washington St, Unit 16
257 Washington StSalem, MA 01970
257 Washington St, Unit 16
257 Washington St
SalemMA01970
close
View Me
Studio to 1 Bedroom Apartments
Fairweather Apartments (Age 62+ Community)
40 Highland AveSalem, MA 01970
116 Lafayette St
SalemMA01970
close
View Me
Studio to 2 Bedroom Apartments
The Residences at St. James
160 Federal StSalem, MA 01970
close
View Me
Studio to 3 Bedroom Apartments
The Lighthouses
34 Peabody StSalem, MA 01970
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
close
View Me
1 Bedroom Apartments
327 Jefferson Ave
327 Jefferson AveSalem, MA 01970
close
View Me
1 to 3 Bedroom Apartments
143 Canal St
143 Canal StSalem, MA 01970
143 Canal St
SalemMA01970
close
View Me
1 Bedroom Apartments
Fairfax
176 Lafayette StSalem, MA 01970
close
View Me
1 to 3 Bedroom Apartments
122 Boston
122 Boston StSalem, MA 01970
233 Lafayette St
SalemMA01970
close
View Me
1 Bedroom Apartments
278 Lafayette St
278 Lafayette StSalem, MA 01970
close
View Me
1 Bedroom Apartments
Historic 1 Harbor St
1 Harbor StSalem, MA 01970
close
View Me
1 to 3 Bedroom Apartments
Park Towers
100 Washington StSalem, MA 01970
close
View Me
Studio to 2 Bedroom Apartments
University Square North
136 Canal StSalem, MA 01970
What It Really Costs to Live in Boston: A Local Renter’s Guide
Thinking of moving to Boston? Discover the real cost of living in the city. Our local expert guide breaks down rent, hidden utility costs, transportation tips, and neighborhood tradeoffs to help you budget smarter.
10 Beaver St
SalemMA01970
44 Pingree St
SalemMA01970
close
View Me
1 to 3 Bedroom Apartments
River Rock Residences
92 Boston StSalem, MA 01970
376 Washington St
LynnMA01901
39 Smith St
MarbleheadMA01945
close
View Me
$1,595 - $2,395
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowBayView Apartments
135 Ocean StLynn, MA 01902
close
View Me
$1,625Studio Apartments Available Now
38 Estes St, Unit 4
38 Estes StLynn, MA 01902
close
View Me
$1,650Studio Apartments Available Now
32 Chestnut St, Unit 8
32 Chestnut StLynn, MA 01902
9 State St
MarbleheadMA01945
close
View Me
$1,700Studio Apartments Available Sep 1
23 Central Ave, Unit 401
23 Central AveLynn, MA 01901
Close to Boston, Easier to Rent: Your Guide to 5 Key Neighboring Cities
Find your perfect apartment outside Boston. We review Quincy, Braintree, Malden, Somerville, and Lynn, covering local hotspots, commute options, and available rental types.
50 Baldwin St
LynnMA01902
close
View Me
$1,7001 Bedroom Apartments Available Now
4 Kingsley Terrace, Unit 9
4 Kingsley TerraceLynn, MA 01902
close
View Me
$1,7001 Bedroom Apartments Available Now
3 Kingsley Terrace, Unit 12
3 Kingsley TerraceLynn, MA 01902
close
View Me
Rent Specials
$1,725 - $2,500
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,725 - $2,500
Total Monthly Price
$1,725 - $2,500
Mosaic
75 Baldwin StLynn, MA 01902
99 Laighton St
LynnMA01902
33 Curry Cir
SwampscottMA01907
close
View Me
$1,8001 Bedroom Apartments Available Now
32 Chestnut St, Unit 1
32 Chestnut StLynn, MA 01902
close
View Me
$1,8751 Bedroom Apartments Available Now
38 Estes St, Unit 12
38 Estes StLynn, MA 01902
close
View Me
$1,8751 Bedroom Apartments Available Now
38 Estes St, Unit 15
38 Estes StLynn, MA 01902
close
View Me
Rent Specials
$1,875 - $2,625
Plus Fees
1 to 2 Bedroom Apartments Available NowThe Vault
23 Central AveLynn, MA 01901
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Showing Results 1-50, Page 1 of 2
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 | $1,927 | $1,100 | $3,843 |
| Cheap Salem 1 Bedroom Apartments | $2,419 | $1,200 | $4,089 |
| Cheap Salem 2 Bedroom Apartments | $2,892 | $1,700 | $4,572 |
| Cheap Salem 3 Bedroom Apartments | $3,079 | $2,500 | $4,930 |
| Cheap Salem 4 Bedroom Apartments | $3,216 | $2,750 | $4,150 |
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
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Salem, MA
Pricing Updated: 08/19/2026Current apartment rentals in the Salem, MA area range in price from $1,100 to $11,147 with an overall median price of $2,724. 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 | $2,675 | $1,900 | 18 |
| North Shore | $2,725 | $1,100 | 676 |
Cheapest Available Salem Apartments for Rent
The cheapest available apartment rental in Salem, MA is a 1 Bed unit found at 91-93 Cabot St in the Centerville neighborhood priced from $1,250. BayView Apartments in the East Lynn neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,595. 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 | 1 Beds, 5 Baths | 1BR,5BA | $1,250 |
| BayView Apartments | 66 Basset St Studio | Studio,1BA | $1,595 |
| Salem Highlands | Studio, non-renovated | Studio,1BA | $1,700 |
| Mosaic | 1 Beds, 1 Baths | 1BR,1BA | $1,795 |
| Grove Street Landing | S2 | Studio,1BA | $1,900 |
| LD Eastern, LLC | 1BR/1.0BA | 1BR,1BA | $1,900 |
| University Square North | 1BR/1.0BA | 1BR,1BA | $1,995 |
| 215 Burrill St | 1 BR | 1BR,1BA | $2,000 |
| 175 Ocean St | The Threes | 1BR,1BA | $2,000 |
Best Value Apartments for Rent in Salem, MA
As of August 19, 2026 the best value apartment in the Salem area is the $2.33 price per square foot B1 Model at Eagle Rock Apartments at Swampscott in the in the South Salem neighborhood starting from $3,034. The second greatest value Salem apartment is the 74 Aborn St Model at 74 Aborn St, Unit 3 starting at $2,400 with a $2.00 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. |
|---|---|---|---|
| Eagle Rock Apartments at Swampscott | B1 | 2BR,2BA | $2.33 |
| 74 Aborn St, Unit 3 | 74 Aborn St | 2BR,1BA | $2.00 |
| 6 Berry St, Unit 1 | 6 Berry St | 2BR,1BA | $1.90 |
| Station 101 | 2 Bed A | 2BR,2BA | $2.73 |
| The Vault | 2BR/2.0BA | 2BR,2BA | $2.63 |
| 20 High Street Lynn, MA 01902 | 2BR/1.0BA | 2BR,1BA | $2.20 |
| 98 Leach St, Unit 3 | 98 Leach St | 2BR,1BA | $2.40 |
| 29 Park St, Unit 3 bedroom with 2 off street parking spaces | 29 Park St | 3BR,1BA | $2.65 |
| Folly Hill Meadows | 2Bd 1.5Bt (1000 sq ft) | 2BR,1.5BA | $2.68 |
| 31 Walter St | 31 Walter St | 2BR,1BA | $2.47 |
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.
Read Article
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.
Read Article
Quick Rent Budget Calculator
How much rent can you afford?
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.
Let everyone know!
Do you know the Salem area?
If you’re an expert on all things Salem, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 BayView Apartments listed at $1,595.
How much is rent for a Cheap One Bedroom Salem Apartment?
The lowest price for a Cheap One Bedroom Salem Apartment is $1,250 at 91-93 Cabot St.
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 $2,200 at 20 High Street Lynn, MA 01902.
What is the most affordable Salem Three Bedroom Apartment?
The best deal on a cheap Salem Three Bedroom Apartment rental is at The Westcott Swampscott and starts from $3,995.
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.
Helpful Local Expert Guides
Moving to Boston Without Losing Your Mind: A Renter’s Guide to a Smooth Move
Written by: Amelia Ramstead
Hello! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston.
What It Really Costs to Live in Boston: A Local Renter's Guide
Written by: Amelia Ramstead
Hello! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston.
Close to Boston, Easier to Rent: Your Guide to 5 Key Neighboring Cities
Written by: Amelia Ramstead
Hello! I’m Amelia, your ApartmentHomeLiving.com expert for Boston!
Top Short-Term Rental Neighborhoods in Boston: Tips from a Local Expert
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com expert for Boston, and I’m excited to help you find your next home!
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.