Cheap Downtown Salem Homes for Rent from $1250

Cheap Homes for Rent in the Downtown Salem Neighborhood of Salem, MA from $1,250 (6 Rentals)

$1,250

Total Monthly Price

1 Bedroom, 5 Bath Home for Rent

Available Now

116 Lafayette St

SalemMA01970

$2,100

Total Monthly Price

1 Bedroom, 1 Bath Condo for Rent

Available Now

253 Washington St

SalemMA01970

$2,100

1 Bedroom, 1 Bath Rentals

Available Sep 1

Boston's Best Affordable Neighborhoods

Learn about Boston and the best places to live around the area with original content written by our Boston, MA Local Expert Amelia Ramstead

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$2,200

Total Monthly Price

1 Bedroom, 1 Bath Condo for Rent

Available Now

255 Washington St

SalemMA01970

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$2,2001 Bedroom Apartments Available Sep 1

257 Washington St, Unit 16

257 Washington StSalem, MA 01970

$2,200

1 Bedroom, 1 Bath Rentals

Available Sep 1

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Cheapest Available Downtown Salem Apartments for Rent

Bedroom	Average Price	Cheapest Price	Highest Price
Downtown Salem 2 Bedroom Homes for Rent	$3,200	$2,400	$3,800

The cheapest available apartment rental in the Downtown Salem area of Boston, MA is a 1 Bed unit found at 14 New Derby priced from $2,295. 256 Washington has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,400. Here are the most affordable Downtown Salem apartments for rent in Boston, MA:

Apartment Listing	Model Name	Bed/Bath	Priced From
14 New Derby	1BR/1.0BA	1BR,1BA	$2,295
256 Washington	2BR/1.0BA	2BR,1BA	$2,400
Sofi At Salem Station	Phillips	1BR,1BA	$2,899

Apartment Listing

Model Name

Bed/Bath

Priced From

14 New Derby

1BR/1.0BA

1BR,1BA

$2,295

256 Washington

2BR/1.0BA

2BR,1BA

$2,400

Sofi At Salem Station

Phillips

1BR,1BA

$2,899

Best Value Apartments for Rent in Downtown Salem, MA

As of August 23, 2026 the best value apartment in the Downtown Salem area is the $2.97 price per square foot 2 Bedroom 2 Bath - C3 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 2BR/1.0BA Model at 256 Washington starting at $2,400 with a $2.75 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 - C3	2BR,2BA	$2.97
256 Washington	2BR/1.0BA	2BR,1BA	$2.75
Pickering Wharf Complex, LLC	2BR/1.5BA	2BR,1.5BA	$3.54
Sofi At Salem Station	Phillips	1BR,1BA	$3.56
14 New Derby	1BR/1.0BA	1BR,1BA	$3.19
36 Endicott St	36 Endicott St	1BR,1BA	$4.40

Apartment Listing

Model Name

Bed/Bath

Price Per Sq.Ft.

231 Washington Residences

2 Bedroom 2 Bath - C3

2BR,2BA

$2.97

256 Washington

2BR/1.0BA

2BR,1BA

$2.75

Pickering Wharf Complex, LLC

2BR/1.5BA

2BR,1.5BA

$3.54

Sofi At Salem Station

Phillips

1BR,1BA

$3.56

14 New Derby

1BR/1.0BA

1BR,1BA

$3.19

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 76 Apartments for Rent in Downtown Salem, MA with pricing that ranges from $1,700 to $3,200. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Salem ranging from $1,250 to $3,800.

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 $3,800 with an average monthly rent of $2,365.

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.