116 Lafayette St
SalemMA01970
Cheap Homes for Rent in Salem, MA from $1,200 (40 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.
376 Washington St
LynnMA01901
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$1,6001 Bedroom Apartments Available Now
48 School St
48 School StSalem, MA 01970
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$1,625Studio Apartments Available Now
38 Estes St
38 Estes StLynn, MA 01902
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$1,625Studio Apartments Available Now
145 Munroe St
145 Munroe StLynn, MA 01901
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$1,650Studio Apartments Available Now
77 Green St
77 Green StLynn, MA 01902
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$1,7001 Bedroom Apartments Available Now
1 Kingsley Terrace
1 Kingsley TerraceLynn, MA 01902
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$1,7001 Bedroom Apartments Available Now
4 Kingsley Terrace
4 Kingsley TerraceLynn, MA 01902
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.
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$1,800Studio Apartments Available Mar 10
33-35 Essex Ct
33-35 Essex CtLynn, MA 01902
2-12 Herbert St
SalemMA01970
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$1,8501 Bedroom Apartments Available Now
44 Estes St
44 Estes StLynn, MA 01902
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$1,8501 Bedroom Apartments Available Now
44 Estes St
44 Estes StLynn, MA 01902
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$1,8501 Bedroom Apartments Available Now
44 Estes St
44 Estes StLynn, MA 01902
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$1,8501 Bedroom Apartments Available Now
44 Estes St
44 Estes StLynn, MA 01902
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$1,8501 Bedroom Apartments Available Now
44 Estes St
44 Estes StLynn, MA 01902
40 Winthrop St, Unit Unit 1
40 Winthrop St
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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$1,8751 Bedroom Apartments Available Now
38 Estes St
38 Estes StLynn, MA 01902
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$1,8751 Bedroom Apartments Available Now
38 Estes St
38 Estes StLynn, MA 01902
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$1,900Studio Apartments Available Now
77 Green St
77 Green StLynn, MA 01902
231 Lafayette St, Unit 4
231 Lafayette St
SalemMA01970
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$1,900Studio Apartments Available Now
233 Lafayette St
233 Lafayette StSalem, MA 01970
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$1,9501 Bedroom Apartments Available Now
25 Hamilton Ave
25 Hamilton AveLynn, MA 01902
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$1,9501 Bedroom Apartments Available Now
628 Chestnut St
628 Chestnut StLynn, MA 01904
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$2,0001 Bedroom Apartments Available Now
628 Chestnut St
628 Chestnut StLynn, MA 01904
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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$2,000Studio Apartments Available Aug 1
233 Lafayette St
233 Lafayette StSalem, MA 01970
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$2,0001 Bedroom Apartments Available Jul 1
233 Lafayette St
233 Lafayette StSalem, MA 01970
14 Roy St
SwampscottMA01907
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$2,0001 Bedroom Apartments Available Mar 15
22 Chatham St
22 Chatham StLynn, MA 01902
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$2,1001 Bedroom Apartments Available Now
87 Oxford St
87 Oxford StLynn, MA 01901
131 Essex St
SalemMA01970
37 Smith St
MarbleheadMA01945
139-141 Franklin St
LynnMA01902
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.
12 Cox Ct
BeverlyMA01915
41 Atlantic Ave, Unit #2
41 Atlantic Ave
MarbleheadMA01945
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$2,3002 Bedroom Apartments Available Now
28 1/2 grove st300 Grv
28 1/2 grove st300 GrvSalem, MA 01970
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$2,3001 Bedroom Apartments Available Jun 1
233 Lafayette St
233 Lafayette StSalem, MA 01970
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$2,3502 Bedroom Apartments Available Now
5 Edwards St
5 Edwards StBeverly, MA 01915
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$2,4001 Bedroom Apartments Available May 1
17 Pickman St
17 Pickman StSalem, MA 01970
16 Paleologos St
PeabodyMA01960
7 Champlain Rd
SalemMA01970
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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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 | $2,945 | $2,200 | $5,000 |
| Salem 3 Bedroom Homes for Rent | $3,857 | $2,700 | $6,900 |
| Salem 4 Bedroom Homes for Rent | $4,383 | $2,950 | $8,400 |
| Salem 6 Bedroom Homes for Rent | $7,500 | $7,500 | $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
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Salem, MA
Pricing Updated: 03/02/2026Current 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 | $3,750 | $1,450 | 30 |
| North Shore | $8,146 | $1,100 | 981 |
Cheapest Available Salem Apartments for Rent
The cheapest available apartment rental in Salem, MA is a Studio unit found at Peabody Place, LLC. in the South Peabody neighborhood priced from $1,300. 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 |
|---|---|---|---|
| Peabody Place, LLC. | 0BR/1.0BA | Studio,1BA | $1,300 |
| BayView Apartments | 66 Basset St Studio | Studio,1BA | $1,595 |
| The Residences at St. James | Studio 60% | Studio,1BA | $1,610 |
| 50 Broadway Apartment Homes | Studio A | Studio,1BA | $1,780 |
| Mosaic | 0 Beds, 1 Baths | Studio,1BA | $1,800 |
| 122 Boston | 1BR/1.0BA | 1BR,1BA | $1,850 |
| River Drive Apartments | S1G | Studio,1BA | $1,875 |
| The Vault | 0BR/1.0BA | Studio,1BA | $1,900 |
Best Value Apartments for Rent in Salem, MA
As of March 03, 2026 the best value apartment in the Salem area is the $0.30 price per square foot 1004 Paradise Rd Model at 1004 Paradise Rd, Unit 3N in the in the South Salem neighborhood starting from $3,000. The second greatest value Salem apartment is the 98 Lafayette Park Model at 98 Lafayette Park, Unit 2 starting at $3,300 with a $1.83 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. |
|---|---|---|---|
| 1004 Paradise Rd, Unit 3N | 1004 Paradise Rd | 2BR,1.5BA | $0.30 |
| 98 Lafayette Park, Unit 2 | 98 Lafayette Park | 4BR,1BA | $1.83 |
| 127 Canal St, Unit 3 | 127 Canal St | 4BR,2BA | $2.18 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 13 Becket St, Unit 2 | 13 Becket St | 2BR,1BA | $1.91 |
| 13 Mulberry St, Unit #2 | 13 Mulberry St | 3BR,1BA | $2.14 |
| Eagle Rock Apartments at Swampscott | B1 | 2BR,2BA | $2.04 |
| 37 Endicott St, Unit 3 | 37 Endicott St | 2BR,1BA | $1.67 |
| 8 Arthur St, Unit 1 | 8 Arthur St | 3BR,1BA | $2.19 |
| 2 Devereaux St, Unit 1 | 2 Devereaux St | 1BR,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.
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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 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 743 Apartments for Rent in Salem, MA with pricing that ranges from $1,450 to $19,226. There are also 119 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $1,250 to $8,400.
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 $8,400 with an average monthly rent of $3,802.
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 $19,226, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,700 to $6,900. Four Bedroom Single-Family rentals are also available starting from $2,950 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.
Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
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.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.