Cheap Homes for Rent in Salem, MA from $900 (31 Rentals)

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Search the lowest-cost Homes available for rent right now in Salem.

property at 376 Washington St

376 Washington St

LynnMA01901
property at 116 Lafayette St

116 Lafayette St

SalemMA01970
property at 161 Exchange St

161 Exchange St

LynnMA01901
property at 234 Washington St

234 Washington St

MarbleheadMA01945
property at 102 Margin St

102 Margin St

SalemMA01970
property at 8 Joyce St

8 Joyce St

LynnMA01902
property at 303 Broadway

303 Broadway

LynnMA01904
property at 56 Johnson St

56 Johnson St

LynnMA01902
property at 9 Andrew St

9 Andrew St, Unit 16

9 Andrew St
SalemMA01970
property at 1 Mill St Ct

1 Mill St Ct, Unit 1

1 Mill St Ct
DanversMA01923
property at 13 Essex St

13 Essex St, Unit 1

13 Essex St
SalemMA01970
property at 2-12 Mason St

2-12 Mason St

SalemMA01970
Showing Results 1-31, Page 1 of 1

Salem, MA Local Guide

Cheapest Neighborhoods for Apartments in Salem, MA

Pricing Updated: 10/11/2025

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 Shore$3,500$1,050782
North Salem$4,000$1,6109

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 $1,650. River Drive Apartments in the Central Peabody neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,700. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
BayView Apartments66 Studio RenovatedStudio,1BA$1,650
River Drive ApartmentsS1GStudio,1BA$1,700
Mosaic0 Beds, 1 BathsStudio,1BA$1,745
50 Broadway Apartment HomesStudio AStudio,1BA$1,770
University Square North0BR/1.0BAStudio,1BA$1,900
University Square South0BR/1.0BAStudio,1BA$1,900
Princeton CrossingDog Friendly One Bedroom Standard1BR,1BA$1,999
The Oxford Lynn1 Bed - 061BR,1BA$2,050
The Vault1BR/1.0BA1BR,1BA$2,100

Best Value Apartments for Rent in Salem, MA

As of October 11, 2025 the best value apartment in the Salem area is the $0.35 price per square foot 122 Chestnut St Model at 122 Chestnut St, Unit 002 in the in the East Lynn neighborhood starting from $3,500. The second greatest value Salem apartment is the 19 Central St Model at 19 Central St, Unit 2 starting at $2,500 with a $1.39 price per square foot in the Centerville 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.
122 Chestnut St, Unit 002122 Chestnut St5BR,2BA$0.35
19 Central St, Unit 219 Central St2BR,1BA$1.39
23 Gardner St23 Gardner St2BR,1BA$1.86
12 Michigan Ave, Unit 12 Michigan Ave Lynn #212 Michigan Ave3BR,1BA$1.92
Eagle Rock Apartments at SwampscottB12BR,2BA$2.44
20 High Street Lynn, MA 019022BR/1.0BA2BR,1BA$2.40
29 Locust St, Unit 229 Locust St2BR,1BA$2.40
33 Arthur St, Unit Arthur333 Arthur St2BR,1BA$2.44
22 Railroad Ave, Unit 222 Railroad Ave1BR,1BA$2.45
52 Roslyn St, Unit 252 Roslyn St2BR,1BA$2.33

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Salem

What type of rentals are currently available in Salem?

There are currently 647 Apartments for Rent in Salem, MA with pricing that ranges from $1,350 to $5,000. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $910 to $10,000.

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 $910 to $10,000 with an average monthly rent of $4,587.

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 $2,300 to $4,795, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $6,900. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $2,900.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.