116 Lafayette St
SalemMA01970
Cheap Homes for Rent in Salem, MA from $1,200 (36 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.
126 Union St
LynnMA01902
37 Osborne Hill Dr
SalemMA01970
39 Smith St
MarbleheadMA01945
close
View Me
$1,625Studio Apartments Available Now
38 Estes St, Unit 4
38 Estes StLynn, MA 01902
close
View Me
$1,650Studio Apartments Available Now
32 Chestnut St, Unit 8
32 Chestnut StLynn, MA 01902
close
View Me
$1,700Studio Apartments Available Now
11 River Dr, Unit B
11 River DrDanvers, MA 01923
close
View Me
$1,7001 Bedroom Apartments Available Now
2 Kingsley Terrace, Unit 9
2 Kingsley TerraceLynn, MA 01902
4 Mill St, Unit 5
4 Mill St
PeabodyMA01960
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.
4 Mill St, Unit 9
4 Mill St
PeabodyMA01960
close
View Me
$1,700Studio Apartments Available Now
3 River Dr, Unit B
3 River DrDanvers, MA 01923
close
View Me
$1,8501 Bedroom Apartments Available Now
44 Estes St, Unit 5
44 Estes StLynn, MA 01902
40 Winthrop St, Unit Room in a house
40 Winthrop St
SalemMA01970
close
View Me
$1,8751 Bedroom Apartments Available Now
38 Estes St, Unit 15
38 Estes StLynn, MA 01902
close
View Me
$1,8751 Bedroom Apartments Available Now
38 Estes St, Unit 12
38 Estes StLynn, MA 01902
close
View Me
$1,900Studio Apartments Available Now
23 Central Ave, Unit 301
23 Central AveLynn, MA 01901
203 Lewis St
LynnMA01902
close
View Me
$2,000Studio Apartments Available Aug 1
233 Lafayette St, Unit 22
233 Lafayette StSalem, MA 01970
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.
close
View Me
$2,0001 Bedroom Apartments Available Aug 1
233 Lafayette St, Unit 24
233 Lafayette StSalem, MA 01970
15 Lynde St
SalemMA01970
8 Walbridge St
BostonMA02135
131 Ocean St
LynnMA01902
1077-1077 Beacon St
BrooklineMA02446
close
View Me
$2,1001 Bedroom Apartments Available Now
23 Central Ave, Unit 402
23 Central AveLynn, MA 01901
close
View Me
$2,1001 Bedroom Apartments Available Now
257 Washington St, Unit 3
257 Washington StSalem, MA 01970
257 Washington St, Unit 3
257 Washington St
SalemMA01970
14 Essex St
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.
117 North St, Unit 3
117 North St
SalemMA01970
close
View Me
$2,1501 Bedroom Apartments Available Now
87 Oxford St, Unit 506
87 Oxford StLynn, MA 01901
close
View Me
$2,1501 Bedroom Apartments Available Now
87 Oxford St, Unit 401
87 Oxford StLynn, MA 01901
close
View Me
$2,1751 Bedroom Apartments Available Sep 1
257 Washington St, Unit 16
257 Washington StSalem, MA 01970
close
View Me
$2,1751 Bedroom Apartments Available Now
87 Oxford St, Unit 406
87 Oxford StLynn, MA 01901
close
View Me
$2,1751 Bedroom Apartments Available Aug 2
8 Hancock St, Unit 1L
8 Hancock StSalem, MA 01970
257 Washington St, Unit 16
257 Washington St
SalemMA01970
close
View Me
$2,1951 Bedroom Apartments Available Now
87 Oxford St, Unit 404
87 Oxford StLynn, MA 01901
15 Ives St, Unit 25
15 Ives St
BeverlyMA01915
Cash 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.
Showing Results 1-36, 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 | $2,908 | $2,000 | $5,200 |
| Salem 3 Bedroom Homes for Rent | $3,740 | $2,650 | $7,000 |
| Salem 4 Bedroom Homes for Rent | $5,004 | $3,000 | $6,950 |
| Salem 5 Bedroom Homes for Rent | $7,450 | $4,400 | $10,000+ |
| Salem 6 Bedroom Homes for Rent | $6,700 | $6,500 | $6,900 |
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
Explore Salem
Salem, MA Local Guide
- Salem Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Salem, MA
Pricing Updated: 07/16/2026Current 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 | $2,950 | $1,550 | 9 |
| North Shore | $9,085 | $1,100 | 701 |
Cheapest Available Salem Apartments for Rent
The cheapest available apartment rental in Salem, MA is a Studio unit found at 91-93 Cabot St in the Centerville neighborhood priced from $1,150. 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 |
|---|---|---|---|
| 91-93 Cabot St | 0 Beds, 1 Baths | Studio,1BA | $1,150 |
| BayView Apartments | 66 Basset St Studio | Studio,1BA | $1,595 |
| Salem Highlands | Studio, non-renovated | Studio,1BA | $1,700 |
| River Drive Apartments | S1G | Studio,1BA | $1,700 |
| The Vault | 0BR/1.0BA | Studio,1BA | $1,700 |
| Mosaic | Studio 1 | 1BR,1BA | $1,795 |
| 278 Lafayette St | 1 Beds, 1 Baths | 1BR,1BA | $1,900 |
| Fairfax | 1BR/1.0BA | 1BR,1BA | $1,900 |
| 14 New Derby | 1BR/1.0BA | 1BR,1BA | $1,975 |
Best Value Apartments for Rent in Salem, MA
As of July 16, 2026 the best value apartment in the Salem area is the $1.78 price per square foot 84 Endicott St Model at 84 Endicott St, Unit 1-R in the in the South Peabody neighborhood starting from $3,200. The second greatest value Salem apartment is the 35 Fearless Ave Model at 35 Fearless Ave, Unit 2 starting at $2,900 with a $2.00 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 84 Endicott St, Unit 1-R | 84 Endicott St | 3BR,1BA | $1.78 |
| 35 Fearless Ave, Unit 2 | 35 Fearless Ave | 3BR,1BA | $2.00 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 107 Ocean St, Unit 2 | 107 Ocean St | 2BR,1BA | $2.00 |
| 13 Becket St, Unit 2 | 13 Becket St | 2BR,1BA | $1.91 |
| 13 Becket St, Unit 2 | 13 Becket St | 2BR,1BA | $1.91 |
| Eagle Rock Apartments at Swampscott | B1 | 2BR,2BA | $2.35 |
| 63 Ingalls St, Unit APT1 | 63 Ingalls St | 3BR,1BA | $2.29 |
| 8 Arthur St, Unit 1 | 8 Arthur St | 3BR,1BA | $2.19 |
| 454 Chatham St, Unit apt2 | 454 Chatham St | 2BR,1BA | $2.00 |
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 Article
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 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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Let everyone know!
Do you know the Salem area?
If you’re an expert on all things Salem, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly Lifestyle
Ranked #
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
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 737 Apartments for Rent in Salem, MA with pricing that ranges from $1,100 to $18,473. There are also 134 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $1,250 to $14,500.
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 $1,250 to $14,500 with an average monthly rent of $4,283.
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 $12,100, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,650 to $7,000. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $2,800.
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 Expert's 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.
Articles, How-To's, and Tips
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.