Cheap Apartments for Rent in the North Salem Neighborhood of Salem, MA from $1,600 (9 Rentals)

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Search the lowest-cost Apartments available for rent right now in the North Salem area of Salem.

property at 160 Federal St

$1,725

Total Monthly Price

Total Monthly Price

Base Rent
$1,725

Total Monthly Price
$1,725

1 Bedroom, 1 Bath Home for Rent

Available Now

160 Federal St

SalemMA01970
property at 313 Essex St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

Studio, 1 Bath Home for Rent

Available Now

313 Essex St

SalemMA01970

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.

property at 6 Monroe St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

Studio Rentals

Available Now

6 Monroe St

SalemMA01970
property at 15 Lynde St

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

1 Bedroom, 1 Bath Condo for Rent

Available Now

15 Lynde St

SalemMA01970
property at 24 Norman St

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

Studio, 1 Bath Condo for Rent

Available Now

24 Norman 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.

property at 60 Margin St

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900

Total Monthly Price
$1,900

1 Bedroom, 1 Bath Home for Rent

Available Now

60 Margin St

PeabodyMA01960

North Salem, Salem, MA Local Guide

Cheapest Available North Salem Apartments for Rent

 

The cheapest available apartment rental in the North Salem area of Salem, MA is a Studio unit found at The Residences at St. James priced from $1,610. Park Towers has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,900. Here are the most affordable North Salem apartments for rent in Salem, MA:

Apartment ListingModel NameBed/BathPriced From
The Residences at St. JamesStudio 60%Studio,1BA$1,610
Park Towers1 Bedroom Apt1BR,1BA$1,900
Sofi At Salem StationMcIntire1BR,1BA$2,355

Best Value Apartments for Rent in North Salem, MA

As of January 12, 2026 the best value apartment in the North Salem area is the $1.83 price per square foot 8 Randall St Model at 8 Randall St, Unit 2 in the in the North Salem neighborhood starting from $3,350. The second greatest value North Salem apartment is the 2 Bed 1 bath Model at River Properties starting at $2,875 with a $2.76 price per square foot in the South Salem neighborhood. Here is today’s list of the best values for North Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
8 Randall St, Unit 28 Randall St4BR,1.5BA$1.83
River Properties2 Bed 1 bath2BR,1BA$2.76
Sofi At Salem StationMcIntire1BR,1BA$2.74
Park Towers1 Bedroom Apt1BR,1BA$2.53
Grove Street Landing1A1BR,1BA$3.27
Halstead Salem StationA11BR,1BA$3.56
55 Buffum St, Unit 255 Buffum St1BR,1BA$3.36
The Residences at St. JamesStudio 60%Studio ,1BA$3.58

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 Article
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The 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.

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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.

Read Article
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Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
North Salem, Salem, MA

Ranked #7

Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap North Salem Apartments

What is a cheap apartment in North Salem?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Salem is under $2,875.

What is the price of a cheap apartment in North Salem?

The cheapest apartment in North Salem is The Residences at St. James which is listed at $1,725, while the average apartment in North Salem costs $4,000.

What types of apartments are the cheapest in North Salem?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in North Salem that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

Articles, How-To's, and Tips

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!