116 Lafayette St
SalemMA01970
Cheap Homes for Rent in Downtown Salem Neighborhood of Salem, MA from $1,200 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Salem area of Salem.
15 Lynde St
SalemMA01970
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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$2,1001 Bedroom Apartments Available Jul 15
257 Washington St, Unit 3
257 Washington StSalem, MA 01970
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$2,1751 Bedroom Apartments Available Sep 1
257 Washington St, Unit 16
257 Washington 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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Downtown Salem, Salem, MA Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in Downtown Salem?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Downtown Salem 2 Bedroom Homes for Rent | $2,925 | $2,000 | $3,400 |
| Downtown Salem 3 Bedroom Homes for Rent | $4,750 | $4,750 | $4,750 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent 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.
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Best Value Apartments for Rent in Downtown Salem, MA
As of July 06, 2026 the best value apartment in the Downtown Salem area is the $3.02 price per square foot Smith Model at Sofi At Salem Station in the in the North Salem neighborhood starting from $4,055. The second greatest value Downtown Salem apartment is the 1BR/1.0BA Model at 14 New Derby starting at $2,595 with a $3.60 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. |
|---|---|---|---|
| Sofi At Salem Station | Smith | 2BR,2BA | $3.02 |
| 14 New Derby | 1BR/1.0BA | 1BR,1BA | $3.60 |
| 231 Washington Residences | 1 Bedroom 1 Bath - A2 | 1BR,1BA | $3.44 |
| 36 Endicott St | 36 Endicott St | 1BR,1BA | $4.40 |
Frequently Asked Questions about Downtown Salem
What type of rentals are currently available in Downtown Salem?
There are currently 73 Apartments for Rent in Downtown Salem, MA with pricing that ranges from $1,700 to $3,150. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Salem ranging from $1,250 to $4,750.
What is the current price range for Rental Homes in Downtown Salem?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Salem ranges from $1,250 to $4,750 with an average monthly rent of $3,141.
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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Pet-Friendly Renting: Everything You Need to Know Before You Move
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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.