Cheap Apartments for Rent in the South Salem Neighborhood of Salem, MA from $900 (11 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South 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

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The Lighthouses
Studio to 3 Bedroom Apartments

The Lighthouses

34 Peabody StSalem, MA 01970
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143 Canal St
1 to 3 Bedroom Apartments

143 Canal St

143 Canal StSalem, MA 01970

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Floating Bridge Pond
1 to 2 Bedroom Apartments

Floating Bridge Pond

627-631 Eastern AveLynn, MA 01902
  • Utilities Included

Cheapest Available South Salem Apartments for Rent

 

The cheapest available apartment rental in the South Salem area of Boston, MA is a Studio unit found at The Residences at St. James priced from $1,610. 260 Washington Apartments – Modern Living in the Heart of Salem has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,850. Here are the most affordable South Salem apartments for rent in Boston, MA:

Apartment ListingModel NameBed/BathPriced From
The Residences at St. JamesStudio 60%Studio,1BA$1,610
260 Washington Apartments – Modern Living in the Heart of Salem1BR/1.0BA1BR,1BA$1,850
Residences at Lafayette LLC- 176 Lafayette1BR/1.0BA1BR,1BA$1,850
Park Towers1 Bedroom Apt1BR,1BA$1,900
Princeton CrossingDog Friendly One Bedroom Standard1BR,1BA$2,050

Best Value Apartments for Rent in South Salem, MA

As of January 22, 2026 the best value apartment in the South Salem area is the $2.18 price per square foot 127 Canal St Model at 127 Canal St, Unit 3 in the in the South Salem neighborhood starting from $3,700. The second greatest value South Salem apartment is the 253 Humphrey St Model at 253 Humphrey St, Unit 2 starting at $4,000 with a $2.67 price per square foot in the South Salem neighborhood. Here is today’s list of the best values for South Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
127 Canal St, Unit 3127 Canal St4BR,2BA$2.18
253 Humphrey St, Unit 2253 Humphrey St3BR,2BA$2.67
Vavel ApartmentsA42BR,2BA$2.51
23 Gardner St23 Gardner St2BR,1BA$1.86
Eagle Rock Apartments at SwampscottB12BR,2BA$2.04
37 Endicott St, Unit 337 Endicott St2BR,1BA$1.67
Bell North ShoreA1A1BR,1BA$2.50
University Square North2BR/1.0BA2BR,1BA$2.73
Hawthorne CommonsThe Dickens1BR,1BA$2.76
Park Towers1 Bedroom Apt1BR,1BA$2.53

Frequently Asked Questions about Cheap South Salem Apartments

What is a cheap apartment in South Salem?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Salem is under $2,251.

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

The cheapest apartment in South Salem is The Residences at St. James which is listed at $1,725, while the average apartment in South Salem costs $3,525.

What types of apartments are the cheapest in South 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 South Salem that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in South Salem?

Cheap apartments in South Salem have an average cost of $123 which is $3,402 cheaper than the average rent for all rentals in South Salem.

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.

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