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Cheap Homes for Rent in Salem, MA from $1,600 (31 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.
15 Lynde St
SalemMA01970
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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.
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8 Joyce St
LynnMA01902
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8 Nahant Pl
LynnMA01902
278 Lafayette St, Unit 4
278 Lafayette St
SalemMA01970
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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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19 Allen Ave
LynnMA01902
303 Broadway
LynnMA01904
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56 Johnson St
LynnMA01902
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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134 Boston St, Unit 1F
134 Boston St
SalemMA01970
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Showing Results 1-31, 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 Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Salem 2 Bedroom Homes for Rent | $3,094 | $2,145 | $4,600 |
| Salem 3 Bedroom Homes for Rent | $3,980 | $2,500 | $6,500 |
| Salem 4 Bedroom Homes for Rent | $4,360 | $2,650 | $9,500 |
| Salem 5 Bedroom Homes for Rent | $7,350 | $7,350 | $7,350 |
| Salem 6 Bedroom Homes for Rent | $7,375 | $7,250 | $7,500 |
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: 07/08/2025Current 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 | $4,250 | $1,610 | 39 |
| North Shore | $7,675 | $1,050 | 749 |
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 $1,500. 1 Harbor in the South Salem neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,800. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| BayView Apartments | 66 Studio Classic | Studio,1BA | $1,500 |
| 1 Harbor | 1BR/1.0BA | 1BR,1BA | $1,800 |
| The Vault | 1BR/1.0BA | 1BR,1BA | $1,875 |
| Mosaic | 0 Beds, 1 Baths | Studio,1BA | $1,895 |
Best Value Apartments for Rent in Salem, MA
As of July 09, 2025 the best value apartment in the Salem area is the $0.24 price per square foot 85 Timson St Model at 85 Timson St, Unit #1 in the in the East Lynn neighborhood starting from $2,400. The second greatest value Salem apartment is the 5 Cedar Hill Ter Model at 5 Cedar Hill Ter starting at $4,000 with a $1.64 price per square foot in the Olmsted 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. |
|---|---|---|---|
| 85 Timson St, Unit #1 | 85 Timson St | 2BR,1BA | $0.24 |
| 5 Cedar Hill Ter | 5 Cedar Hill Ter | 3BR,2BA | $1.64 |
| 1 Dennis St, Unit 2 | 1 Dennis St | 2BR,1BA | $1.21 |
| 13 Lovett St | 13 Lovett St | 2BR,1BA | $1.80 |
| 355 Jefferson Ave, Unit 2 | 355 Jefferson Ave | 4BR,1BA | $1.81 |
| 48 School St, Unit Salem Street | 48 School St | 4BR,2BA | $1.06 |
| 35 Pacific St, Unit #2 | 35 Pacific St | 2BR,1BA | $1.73 |
| 26 Geneva St, Unit 2 | 26 Geneva St | 2BR,1BA | $1.81 |
| 104 Boston St, Unit 2 | 104 Boston St | 2BR,1BA | $1.76 |
| 122 Bridge St, Unit #3 | 122 Bridge St | 1BR,1BA | $1.70 |
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Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 796 Apartments for Rent in Salem, MA with pricing that ranges from $1,050 to $30,503. There are also 93 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $1,600 to $9,500.
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 $1,600 to $9,500 with an average monthly rent of $4,706.
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 $6,250, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $6,500. Four Bedroom Single-Family rentals are also available starting from $2,650 and Four Bedroom Apartments start at $1,700.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.