376 Washington St
LynnMA01901
Cheap Homes for Rent in Salem, MA from $1,200 (42 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.
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$1,625Studio Apartments Available Now
38 Estes St, Unit 4
38 Estes StLynn, MA 01902
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$1,625Studio Apartments Available Now
145 Munroe St, Unit 304
145 Munroe StLynn, MA 01901
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$1,7001 Bedroom Apartments Available Now
2 Kingsley Terrace, Unit 9
2 Kingsley TerraceLynn, MA 01902
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$1,7001 Bedroom Apartments Available Now
4 Kingsley Terrace, Unit 10
4 Kingsley TerraceLynn, MA 01902
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$1,8001 Bedroom Apartments Available Now
33-35 Essex Ct, Unit Unit 1
33-35 Essex CtLynn, MA 01902
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$1,8501 Bedroom Apartments Available Now
44 Estes St, Unit 5
44 Estes StLynn, MA 01902
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$1,8501 Bedroom Apartments Available Now
44 Estes St, Unit 26
44 Estes StLynn, MA 01902
Top Short-Term Rental Neighborhoods in Boston: Tips from a Local Expert
Get a local expert's guide to Boston's top 5 short-term rental neighborhoods. Essential tips on Fenway, Beacon Hill, Seaport, and Allston/Brighton.
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$1,8501 Bedroom Apartments Available Now
44 Estes St, Unit 14
44 Estes StLynn, MA 01902
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$1,8751 Bedroom Apartments Available Now
38 Estes St, Unit 12
38 Estes StLynn, MA 01902
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$1,8751 Bedroom Apartments Available Now
38 Estes St, Unit 15
38 Estes StLynn, MA 01902
231 Lafayette St
SalemMA01970
15 Lynde St
SalemMA01970
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$1,900Studio Apartments Available May 1
23 Central Ave, Unit 301
23 Central AveLynn, MA 01901
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$1,900Studio Apartments Available Sep 1
233 Lafayette St, Unit 4
233 Lafayette StSalem, MA 01970
52 County St
PeabodyMA01960
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.
8 Franklin St
MarbleheadMA01945
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$1,9501 Bedroom Apartments Available Now
25 Hamilton Ave, Unit 3
25 Hamilton AveLynn, MA 01902
14 Roy St
SwampscottMA01907
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$2,0001 Bedroom Apartments Available Now
22 Chatham St, Unit 2L
22 Chatham StLynn, MA 01902
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$2,0001 Bedroom Apartments Available Jul 1
233 Lafayette St, Unit 26
233 Lafayette StSalem, MA 01970
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$2,000Studio Apartments Available Aug 1
233 Lafayette St, Unit 22
233 Lafayette StSalem, MA 01970
131 Ocean St
LynnMA01902
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$2,0501 Bedroom Apartments Available Now
10 River Dr, Unit B
10 River DrDanvers, MA 01923
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.
257 Washington St, Unit 03
257 Washington St
SalemMA01970
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$2,1001 Bedroom Apartments Available Jun 14
23 Central Ave, Unit 402
23 Central AveLynn, MA 01901
15 Ives St, Unit 6, Unit 6
15 Ives St
BeverlyMA01915
257 Washington St, Unit 11
257 Washington St
SalemMA01970
257 Washington St, Unit 16
257 Washington St
SalemMA01970
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$2,1751 Bedroom Apartments Available Now
87 Oxford St, Unit 406
87 Oxford StLynn, MA 01901
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$2,1951 Bedroom Apartments Available Now
87 Oxford St, Unit 404
87 Oxford StLynn, MA 01901
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$2,2251 Bedroom Apartments Available Now
23 Central Ave, Unit 207
23 Central AveLynn, MA 01901
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
134 Boston St, Unit 1F, Unit 1F
134 Boston St
SalemMA01970
12 Cox Ct
BeverlyMA01915
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$2,3001 Bedroom Apartments Available May 1
17 Pickman St, Unit 5
17 Pickman StSalem, MA 01970
8 Walnut St
PeabodyMA01960
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$2,3001 Bedroom Apartments Available Jun 1
233 Lafayette St, Unit 9
233 Lafayette StSalem, MA 01970
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$2,3001 Bedroom Apartments Available Aug 1
233 Lafayette St, Unit 16
233 Lafayette StSalem, MA 01970
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$2,3001 Bedroom Apartments Available Jul 1
233 Lafayette St, Unit 6
233 Lafayette StSalem, MA 01970
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$2,3501 Bedroom Apartments Available Now
13 River Dr, Unit A
13 River DrDanvers, MA 01923
Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street
Get the local scoop! ApartmentHomeLiving's Boston Expert reveals the best neighborhoods to rent for employees of UMass Boston, Mass General Hospital, State Street, and more.
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$2,3823 Bedroom Apartments Available Now
52 Washington St
52 Washington StPeabody, MA 01960
6 Mt Vernon St
MarbleheadMA01945
Showing Results 1-42, Page 1 of 1
Salem, MA Local Guide
How much does it cost to rent a home in Salem?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Salem 2 Bedroom Homes for Rent | $3,010 | $2,400 | $4,200 |
| Salem 3 Bedroom Homes for Rent | $4,328 | $2,700 | $8,000 |
| Salem 4 Bedroom Homes for Rent | $4,989 | $3,600 | $8,300 |
| Salem 5 Bedroom Homes for Rent | $15,000 | $10,000 | $10,000+ |
| Salem 6 Bedroom Homes for Rent | $6,966 | $6,500 | $7,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Salem
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Salem, MA Local Guide
- Salem Neighborhoods
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Cheapest Neighborhoods for Apartments in Salem, MA
Pricing Updated: 04/16/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| North Salem | $4,900 | $1,400 | 18 |
| North Shore | $11,119 | $1,100 | 937 |
Cheapest Available Salem Apartments for Rent
The cheapest available apartment rental in Salem, MA is a Studio unit found at The Residences at St. James in the South Salem neighborhood priced from $1,400. BayView Apartments in the East Lynn 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Residences at St. James | Studio 60% | Studio,1BA | $1,400 |
| BayView Apartments | 66 Basset St Studio | Studio,1BA | $1,595 |
| Salem Highlands | Studio, non-renovated | Studio,1BA | $1,700 |
| 50 Broadway Apartment Homes | Studio A | Studio,1BA | $1,780 |
| Mosaic | 0 Beds, 1 Baths | Studio,1BA | $1,800 |
| River Drive Apartments | S1G | Studio,1BA | $1,850 |
| The Vault | 0BR/1.0BA | Studio,1BA | $1,900 |
| Historic 1 Harbor St | 1BR/1.0BA | 1BR,1BA | $1,900 |
| 260 Washington Apartments – Modern Living in the Heart of Salem | 1BR/1.0BA | 1BR,1BA | $1,900 |
Best Value Apartments for Rent in Salem, MA
As of April 17, 2026 the best value apartment in the Salem area is the $1.94 price per square foot 84 Endicott St Model at 84 Endicott St, Unit 1-R in the in the South Peabody neighborhood starting from $3,500. The second greatest value Salem apartment is the 127 Canal St Model at 127 Canal St, Unit 3 starting at $3,600 with a $2.12 price per square foot in the South Salem neighborhood. Here is today’s list of the best values for Salem apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 84 Endicott St, Unit 1-R | 84 Endicott St | 3BR,1BA | $1.94 |
| 127 Canal St, Unit 3 | 127 Canal St | 4BR,2BA | $2.12 |
| 41 Collins St, Unit 2 | 41 Collins St | 4BR,1BA | $2.12 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 13 Becket St, Unit 2 | 13 Becket St | 2BR,1BA | $1.91 |
| 30 Henry Ave, Unit 3 | 30 Henry Ave | 3BR,1BA | $2.07 |
| Eagle Rock Apartments at Swampscott | B1 | 2BR,2BA | $2.08 |
| 15 Hazel St, Unit 1 | 15 Hazel St | 3BR,1BA | $2.23 |
| 6 Berry St, Unit 1 | 6 Berry St | 2BR,1BA | $2.00 |
| 2 Johnsons Ter | 2 Johnsons Ter | 1BR,1BA | $2.29 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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Boston Neighborhood Guide: Living Near UMass, MGH, and State Street
Get the local scoop! ApartmentHomeLiving's Boston Expert reveals the best neighborhoods to rent for employees of UMass Boston, Mass General Hospital, State Street, and more.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleTop Neighborhoods Near Boston Colleges and Universities
Learn About the Best Neighborhoods to Rent Near College Campuses in Boston, MA | Find Boston Off-Campus Student Housing at ApartmentHomeLiving.com
Read ArticleQuick Rent Budget Calculator
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Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 750 Apartments for Rent in Salem, MA with pricing that ranges from $1,100 to $20,635. There are also 123 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $1,200 to $15,000.
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 $1,200 to $15,000 with an average monthly rent of $5,496.
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 $2,382 to $20,635, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,700 to $8,000. Four Bedroom Single-Family rentals are also available starting from $3,600 and Four Bedroom Apartments start at $3,000.
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
Written by: Amelia Ramstead
Boston is known for its exciting combination of early American history and modern high-tech universities and employers.
A Local Experts Guide to the Top Boston Neighborhoods for College Renters
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts! We’re excited to help you find your new home, and getting to know the neighborhood is an important part of that process!
Explore Like a Local: The Insider's Guide to Boston
Written by: Amelia Ramstead
Hello from Boston, Massachusetts! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, and I’m here to give you the inside scoop on this unique city.
Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts. Getting to know your new neighborhood is one of the best parts of moving, and we’re excited to help you get started.
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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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.
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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.