
Cheap Apartments for Rent in the Downtown Salem Neighborhood of Salem, MA from $1,600 (4 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Salem area of Salem.

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.

6 Northey St

15 Lynde St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Downtown Salem, Salem, MA Local Guide

How much does it cost to rent an apartment in Downtown Salem?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Salem Studio Apartments | $1,610 | $1,610 | $1,610 |
Downtown Salem 1 Bedroom Apartments | $2,228 | $1,725 | $2,600 |
Downtown Salem 2 Bedroom Apartments | $3,005 | $2,070 | $3,800 |
Downtown Salem 3 Bedroom Apartments | $3,550 | $3,300 | $3,800 |
Browse Apartments in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Downtown Salem Neighborhood of Salem, MA.
See all Apartments in SalemExplore Salem
Best Value Apartments for Rent in Downtown Salem, MA
As of June 29, 2025 the best value apartment in the Downtown Salem area is the $2.55 price per square foot 123 Bridge St Model at 123 Bridge St, Unit #2 in the in the North Salem neighborhood starting from $2,800. The second greatest value Downtown Salem apartment is the 217 Essex St Model at 217 Essex St, Unit #503 starting at $2,600 with a $3.80 price per square foot in the South Salem neighborhood. Here is today’s list of the best values for Downtown Salem apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
123 Bridge St, Unit #2 | 123 Bridge St | 2BR,1BA | $2.55 |
217 Essex St, Unit #503 | 217 Essex St | 1BR,1BA | $3.80 |
256 Washington | 2BR/1.0BA | 2BR,1BA | $3.82 |
1 Harbor | 1BR/1.0BA | 1BR,1BA | $3.00 |
Getting Around the Downtown Salem Neighborhood in Salem, MA
Walk Score®
99 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
77 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
39 / 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 Downtown Salem Apartments
How much is rent for a Cheap One Bedroom Downtown Salem Apartment?
The lowest price for a Cheap One Bedroom Downtown Salem Apartment is $1,800 at 1 Harbor.
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.

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.

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Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.