376 Washington St
LynnMA01901
Cheap Homes for Rent in Salem, MA from $900 (34 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.
33 Sunset Dr
PeabodyMA01960
116 Lafayette St
SalemMA01970
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24 Norman St, Unit 24 Norman Street Unit 304
24 Norman St
SalemMA01970
15 Lynde St
SalemMA01970
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1004 Paradise Rd
SwampscottMA01907
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.
5 Beckford St
BeverlyMA01915
116-124A Central Ave
LynnMA01901
223 Essex St
MelroseMA02176
24 Norman St
SalemMA01970
80 Sagamore St
LynnMA01902
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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.
4 Blaney St
SalemMA01970
315 Rantoul St, Unit 402
315 Rantoul St
BeverlyMA01915
56 Johnson St
LynnMA01902
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229 Lafayette St, Unit 10
229 Lafayette St
SalemMA01970
233 Lafayette St
SalemMA01970
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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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46 Prospect St
MarbleheadMA01945
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23 Park St
SalemMA01970
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11 Church St
SalemMA01970
Explore Like a Local: The Insider's Guide to Boston
Explore Boston like a local with our guide to neighborhoods, history, and hidden gems. Discover the city's best apartments, from historic brownstones to modern high-rises, and find your perfect Boston home.
86 Main St
PeabodyMA01960
116 Rantoul St
BeverlyMA01915
Showing Results 1-34, Page 1 of 1
Salem, MA Local Guide
Salem Common by Diego Brito is licensed under CC BY 2.0
How much does it cost to rent a home in Salem?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Salem 2 Bedroom Homes for Rent | $2,944 | $1,960 | $4,500 |
| Salem 3 Bedroom Homes for Rent | $4,050 | $2,700 | $7,800 |
| Salem 4 Bedroom Homes for Rent | $5,220 | $2,800 | $8,900 |
| Salem 5 Bedroom Homes for Rent | $12,500 | $10,000 | $10,000+ |
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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Salem, MA
Pricing Updated: 11/26/2025Current 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 | $3,875 | $1,700 | 8 |
| North Shore | $13,225 | $1,000 | 252 |
Cheapest Available Salem Apartments for Rent
The cheapest available apartment rental in Salem, MA is a Studio unit found at River Drive Apartments in the Central Peabody neighborhood priced from $1,600. BayView Apartments in the East Lynn neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,650. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| River Drive Apartments | S1G | Studio,1BA | $1,600 |
| BayView Apartments | 135 Ocean St | Studio,1BA | $1,650 |
| University Square South | 0BR/1.0BA | Studio,1BA | $1,750 |
| University Square North | 0BR/1.0BA | Studio,1BA | $1,750 |
| 50 Broadway Apartment Homes | Studio A | Studio,1BA | $1,780 |
| 175 Ocean St | The Twos | 1BR,1BA | $1,800 |
| The Vault | 0BR/1.0BA | Studio,1BA | $1,925 |
| Mosaic | 0 Beds, 1 Baths | Studio,1BA | $1,945 |
| Princeton Crossing | Dog Friendly One Bedroom Standard | 1BR,1BA | $1,999 |
Best Value Apartments for Rent in Salem, MA
As of November 26, 2025 the best value apartment in the Salem area is the $0.35 price per square foot 124 Chestnut St Model at 124 Chestnut St, Unit 002R in the in the East Lynn neighborhood starting from $3,500. The second greatest value Salem apartment is the 23 Gardner St Model at 23 Gardner St starting at $2,600 with a $1.86 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. |
|---|---|---|---|
| 124 Chestnut St, Unit 002R | 124 Chestnut St | 5BR,2BA | $0.35 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 12 Michigan Ave, Unit 12 Michigan Ave Lynn #2 | 12 Michigan Ave | 3BR,1BA | $1.92 |
| Eagle Rock Apartments at Swampscott | B1 | 2BR,2BA | $2.33 |
| 240 Conant Apartments | 2 Bed T04 | 2BR,2BA | $2.43 |
| 37 Endicott St, Unit 3 | 37 Endicott St | 2BR,1BA | $1.67 |
| 26 Clinton Ave, Unit 2 | 26 Clinton Ave | 3BR,1BA | $2.43 |
| 34 Central St, Unit 1 | 34 Central St | 2BR,1BA | $2.36 |
| 8 Rock Cliff Rd, Unit 1 | 8 Rock Cliff Rd | 1BR,1BA | $2.40 |
| 351 Essex St, Unit 2 | 351 Essex St | 2BR,1BA | $2.44 |
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.
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Don'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 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
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Explore Salem, MA Rentals by Map
See the most popular apartments and homes in Salem, MA
Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 738 Apartments for Rent in Salem, MA with pricing that ranges from $1,400 to $4,750. There are also 110 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $910 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 $910 to $15,000 with an average monthly rent of $4,780.
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 $4,705, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,700 to $7,800. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $2,950.
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.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.