Cheap Homes for Rent in Salem, MA from $1,000 (23 Rentals)

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property at 9 Larkin Ln

9 Larkin Ln

SalemMA01970

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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-23, Page 1 of 1

Salem, MA Local Guide

Cheapest Neighborhoods for Apartments in Salem, MA

Pricing Updated: 05/24/2025

Current apartment rentals in the Salem, MA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Salem Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
North Salem$2,950$1,35049
North Shore$3,500$1,050655

Cheapest Available Salem Apartments for Rent

 

The cheapest available apartment rental in Salem, MA is a Studio unit found at BayView Apartments in the East Lynn neighborhood priced from $1,500. THE ESSEX in the Central neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,595. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
BayView Apartments66 Studio ClassicStudio,1BA$1,500
THE ESSEX0BR/1.0BAStudio,1BA$1,595
Residences at Lafayette LLC- 176 Lafayette1BR/1.0BA1BR,1BA$1,850
The Oxford Lynn1 Bed - 061BR,1BA$2,100
River Drive ApartmentsS1GStudio,1BA$2,150

Best Value Apartments for Rent in Salem, MA

As of May 24, 2025 the best value apartment in the Salem area is the $0.25 price per square foot 6 Lemon St Model at 6 Lemon St, Unit 2 in the in the North Salem neighborhood starting from $2,500. The second greatest value Salem apartment is the 85 Timson St Model at 85 Timson St, Unit #1 starting at $2,400 with a $0.24 price per square foot in the East Lynn neighborhood. Here is today’s list of the best values for Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
6 Lemon St, Unit 26 Lemon St2BR,1BA$0.25
85 Timson St, Unit #185 Timson St2BR,1BA$0.24
THE ESSEX0BR/1.0BAStudio ,1BA$0.16
150 Allen Ave, Unit 1150 Allen Ave3BR,3BA$1.87
35 Pacific St, Unit #235 Pacific St2BR,1BA$1.73
132 North St, Unit #2132 North St2BR,2BA$1.86
23 Gardner St23 Gardner St2BR,1BA$1.86
15 Geneva St, Unit 315 Geneva St2BR,1BA$1.81
20 Geneva St, Unit 320 Geneva St2BR,1BA$1.81
46 Holten St, Unit #146 Holten St2BR,1BA$2.00

Quick Rent Budget Calculator

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Frequently Asked Questions about Salem

What type of rentals are currently available in Salem?

There are currently 743 Apartments for Rent in Salem, MA with pricing that ranges from $1,050 to $10,318. There are also 95 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $1,000 to $9,500.

What is the current price range for Rental Homes in Salem?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Salem ranges from $1,000 to $9,500 with an average monthly rent of $4,201.

How much are larger Three and Four Bedroom Rentals in Salem?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Salem range from $2,400 to $10,318, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $6,250. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $2,800.

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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

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.

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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.