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Rent Specials
$2,850 - $3,200
Plus Fees
2 Bedroom Apartments Available Now231 Washington Residences
231 Washington StSalem, MA 01970
Cheap Apartments for Rent in the Downtown Salem Neighborhood of Salem, MA from $1,400 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Salem area of Salem.
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1 to 2 Bedroom Apartments
5-15 Derby Sq
5-15 Derby SqSalem, MA 01970
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1 to 2 Bedroom Apartments
Derby Lofts Condos
45 Lafayette StSalem, MA 01970
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1 Bedroom Apartments
21 Harbor St
21 Harbor StSalem, MA 01970
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Studio Apartments
8 Union St
8 Union StSalem, MA 01970
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Studio Apartments
57-59 Harbor St
57-59 Harbor StSalem, MA 01970
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1 Bedroom Apartments
19-21 Pleasant St
19-21 Pleasant StSalem, MA 01970
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3 Bedroom Apartments
39-41 Harbor St
39-41 Harbor 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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Studio Apartments
69 Harbor St
69 Harbor StSalem, MA 01970
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1 Bedroom Apartments
15 Harbor St
15 Harbor StSalem, MA 01970
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Studio Apartments
19 Andrew St
19 Andrew StSalem, MA 01970
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Studio Apartments
20-22 Lynde St
20-22 Lynde StSalem, MA 01970
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Studio to 2 Bedroom Apartments
Essex House
289 Essex StSalem, MA 01970
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1 to 2 Bedroom Apartments
24 Lynde St
24 Lynde StSalem, MA 01970
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1 Bedroom Apartments
27 North St
27 North StSalem, MA 01970
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2 Bedroom Apartments
18 Peabody St
18 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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Studio Apartments
17 North St
17 North StSalem, MA 01970
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Studio to 2 Bedroom Apartments
Harbor Point Salem
20 Harbor StSalem, MA 01970
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1 to 2 Bedroom Apartments
Sofi At Salem Station
190 Bridge StSalem, MA 01970
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Studio Apartments
108-122 Lafayette St
108-122 Lafayette StSalem, MA 01970
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Studio to 3 Bedroom Apartments
The Lighthouses
34 Peabody StSalem, MA 01970
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1 to 3 Bedroom Apartments
Park Towers
100 Washington StSalem, MA 01970
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2 Bedroom Apartments
26 New Derby Street
26 New Derby StSalem, MA 01970
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Studio to 2 Bedroom Apartments
256-262 Washington St
256-262 Washington StSalem, MA 01970
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.
Showing Results 1-24, Page 1 of 1
Downtown Salem, Salem, MA Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Downtown Salem?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Downtown Salem 1 Bedroom Apartments | $1,922 | $1,400 | $2,550 |
| Downtown Salem 2 Bedroom Apartments | $3,112 | $2,400 | $3,900 |
| Downtown Salem 3 Bedroom Apartments | $3,425 | $3,000 | $3,850 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 24 rentals with your search options within a 2 mile radius of the Downtown Salem Neighborhood of Salem, MA.
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Cheapest Available Downtown Salem Apartments for Rent
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 231 Washington Residences | 2 Bedroom 2 Bath - C1 | 2BR,2BA | $2,975 |
Best Value Apartments for Rent in Downtown Salem, MA
As of June 13, 2026 the best value apartment in the Downtown Salem area is the $2.83 price per square foot 2 Bedroom 2 Bath - C1 Model at 231 Washington Residences in the in the South Salem neighborhood starting from $2,975. The second greatest value Downtown Salem apartment is the 23 Herbert St Model at 23 Herbert St, Unit 2 starting at $2,500 with a $2.78 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. |
|---|---|---|---|
| 231 Washington Residences | 2 Bedroom 2 Bath - C1 | 2BR,2BA | $2.83 |
| 23 Herbert St, Unit 2 | 23 Herbert St | 1BR,1BA | $2.78 |
| 36 Endicott St | 36 Endicott St | 1BR,1BA | $3.40 |
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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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.