116 Lafayette St
SalemMA01970
Cheap Homes for Rent in Downtown Salem Neighborhood of Salem, MA from $1,400 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Salem area of Salem.
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.
15 Lynde St
SalemMA01970
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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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 | $3,380 | $2,800 | $3,900 |
| Downtown Salem 3 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
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 2 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 February 20, 2026 the best value apartment in the Downtown Salem area is the $2.54 price per square foot The Pingree Townhome Model at Sofi At Salem Station in the in the Downtown Salem neighborhood starting from $3,800. The second greatest value Downtown Salem apartment is the 2BR/2.0BA Model at Olde Salem Jail starting at $2,895 with a $2.47 price per square foot in the Downtown 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 | The Pingree Townhome | 2BR,2.5BA | $2.54 |
| Olde Salem Jail | 2BR/2.0BA | 2BR,2BA | $2.47 |
| Park Towers | 1 Bedroom Apt | 1BR,1BA | $2.53 |
Frequently Asked Questions about Downtown Salem
What type of rentals are currently available in Downtown Salem?
There are currently 81 Apartments for Rent in Downtown Salem, MA with pricing that ranges from $1,750 to $4,000. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Salem ranging from $1,450 to $3,900.
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 $1,450 to $3,900 with an average monthly rent of $2,455.
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
The 10 Best Affordable Neighborhoods in Boston, MA
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Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.