376 Washington St
LynnMA01901
Cheap Homes for Rent in Salem, MA from $1,200 (47 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.
116 Lafayette St
SalemMA01970
126 Union St
LynnMA01902
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$1,4001 Bedroom Apartments Available Now
10 Howard St, Unit 3
10 Howard StSalem, MA 01970
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$1,4001 Bedroom Apartments Available Now
10 Howard St, Unit 1
10 Howard StSalem, MA 01970
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$1,4001 Bedroom Apartments Available Now
10 Howard St, Unit 2
10 Howard StSalem, MA 01970
37 Osborne Hill Dr
SalemMA01970
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$1,6001 Bedroom Apartments Available Now
150 Federal St, Unit FOR RENT UTILITIES WIFI PARKING
150 Federal StSalem, MA 01970
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$1,625Studio Apartments Available Now
38 Estes St, Unit 4
38 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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$1,650Studio Apartments Available Now
32 Chestnut St, Unit 8
32 Chestnut StLynn, MA 01902
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$1,7001 Bedroom Apartments Available Now
2 Kingsley Terrace, Unit 9
2 Kingsley TerraceLynn, MA 01902
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$1,8001 Bedroom Apartments Available Now
33-35 Essex Ct, 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 14
44 Estes StLynn, MA 01902
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$1,8751 Bedroom Apartments Available Now
38 Estes St, Unit 15
38 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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$1,900Studio Apartments Available Now
23 Central Ave, Unit 301
23 Central AveLynn, MA 01901
1004 Paradise Rd
SwampscottMA01907
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
45 Elliott St, Unit #2
45 Elliott St
BeverlyMA01915
73 High Rock St
LynnMA01902
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$2,000
Plus Fees
Studio Apartments Contact Us For Availability233 Lafayette St
233 Lafayette StSalem, MA 01970
131 Ocean St
LynnMA01902
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$2,1001 Bedroom Apartments Available Now
257 Washington St, Unit 3
257 Washington StSalem, MA 01970
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$2,1001 Bedroom Apartments Available Jun 14
23 Central Ave, Unit 402
23 Central AveLynn, MA 01901
257 Washington St, Unit 3
257 Washington St
SalemMA01970
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$2,100
Plus Fees
1 Bedroom Apartments Contact Us For Availability628 Chestnut St
628 Chestnut StLynn, MA 01904
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.
23 New Ocean St
SwampscottMA01907
257 Washington St, Unit 11
257 Washington St
SalemMA01970
148 Washington St
PeabodyMA01960
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$2,1751 Bedroom Apartments Available Now
87 Oxford St, Unit 406
87 Oxford StLynn, MA 01901
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$2,1751 Bedroom Apartments Available Aug 2
8 Hancock St, Unit 1L
8 Hancock StSalem, MA 01970
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$2,1751 Bedroom Apartments Available Sep 1
257 Washington St, Unit 16
257 Washington StSalem, MA 01970
257 Washington St, Unit 16
257 Washington St
SalemMA01970
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$2,1951 Bedroom Apartments Available Now
87 Oxford St, Unit 404
87 Oxford StLynn, MA 01901
15 Ives St, Unit 6
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.
15 Lynde St
SalemMA01970
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$2,2251 Bedroom Apartments Available Now
23 Central Ave, Unit 207
23 Central AveLynn, MA 01901
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$2,2501 Bedroom Apartments Available Sep 1
145 Munroe St, Unit 301
145 Munroe StLynn, MA 01901
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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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$2,3501 Bedroom Apartments Available Now
87 Oxford St, Unit 405
87 Oxford StLynn, MA 01901
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$2,3501 Bedroom Apartments Available Now
87 Oxford St, Unit 502
87 Oxford StLynn, MA 01901
1 Atlantic St
LynnMA01902
11 Riverside Ave
DanversMA01923
123 Highland Ave, Unit 3
123 Highland Ave
SalemMA01970
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.
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$2,4002 Bedroom Apartments Available Now
63 Hale St
63 Hale StBeverly, MA 01915
406 Broadway
LynnMA01904
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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 | $2,953 | $1,950 | $5,500 |
| Salem 3 Bedroom Homes for Rent | $3,675 | $2,795 | $5,100 |
| Salem 4 Bedroom Homes for Rent | $4,186 | $3,600 | $5,000 |
| Salem 5 Bedroom Homes for Rent | $14,500 | $10,000 | $10,000+ |
| Salem 6 Bedroom Homes for Rent | $7,200 | $6,900 | $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
Explore Salem
Salem, MA Local Guide
- Salem Neighborhoods
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Cheapest Neighborhoods for Apartments in Salem, MA
Pricing Updated: 06/01/2026Current 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 | $3,300 | $1,600 | 12 |
| North Shore | $5,500 | $1,100 | 854 |
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. Salem Highlands in the South Salem 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| BayView Apartments | 66 Basset St Studio | Studio,1BA | $1,650 |
| Salem Highlands | Studio, non-renovated | Studio,1BA | $1,700 |
| Mosaic | 1 Beds, 1 Baths | 1BR,1BA | $1,795 |
| River Drive Apartments | S1G | Studio,1BA | $1,800 |
| 175 Ocean St | The Threes | 1BR,1BA | $2,000 |
| Folly Hill Meadows | 1Bd 1Bt (820 sq ft) | 1BR,1BA | $2,195 |
Best Value Apartments for Rent in Salem, MA
As of June 01, 2026 the best value apartment in the Salem area is the $0.78 price per square foot 12 Walter St Model at 12 Walter St, Unit #1 in the in the East Lynn neighborhood starting from $3,275. The second greatest value Salem apartment is the 6 March St Model at 6 March St, Unit 6 March St starting at $3,600 with a $2.40 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 12 Walter St, Unit #1 | 12 Walter St | 3BR,1BA | $0.78 |
| 6 March St, Unit 6 March St | 6 March St | 4BR,1BA | $2.40 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 13 Becket St, Unit 2 | 13 Becket St | 2BR,1BA | $1.91 |
| 12 Michigan Ave | 12 Michigan Ave | 3BR,1BA | $1.92 |
| 14 Glover St, Unit 2 | 14 Glover St | 2BR,1BA | $2.08 |
| 63 Ingalls St, Unit APT1 | 63 Ingalls St | 3BR,1BA | $2.29 |
| 240 Conant Apartments | 2 Bed T02 | 2BR,2BA | $2.39 |
| 454 Chatham St, Unit apt2 | 454 Chatham St | 2BR,1BA | $2.00 |
| 230 Broadway, Unit #2 | 230 Broadway | 2BR,1BA | $2.20 |
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 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.
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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 740 Apartments for Rent in Salem, MA with pricing that ranges from $1,100 to $14,182. There are also 114 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $1,200 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 $1,200 to $14,500 with an average monthly rent of $5,213.
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 $2,500 to $13,738, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,795 to $5,100. Four Bedroom Single-Family rentals are also available starting from $3,600 and Four Bedroom Apartments start at $3,200.
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
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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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Neighborhood and Market Insights: How to Choose the Right Area to Rent
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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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.