Cheap Apartments for Rent in Salem, MO from $300 (43 Rentals)

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Salem Apartments I
1 to 2 Bedroom Apartments

Salem Apartments I

1808 S Oak StSalem, MO 65560
  • Utilities Included

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.

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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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Montauk Studios
Studio Apartments

Montauk Studios

209 S Highway 63Licking, MO 65542
  • Utilities Included

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.

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Osage Commons
Studio to 1 Bedroom Apartments

Osage Commons

14175 Highway ZSt. Robert, MO 65584
  • Utilities Included
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Woodridge Manor Apartments
Studio to 2 Bedroom Apartments

Woodridge Manor Apartments

2404 Williams Creek RdHigh Ridge, MO 63049
Corporate Housing
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405 N Olive St
1 Bedroom Apartments

405 N Olive St

405 N Olive StRolla, MO 65401
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Gravois Point Apartments
Studio to 3 Bedroom Apartments

Gravois Point Apartments

385 Corisande Hills RdFenton, MO 63026
  • Utilities Included

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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Verda Vista Apartments
Studio to 2 Bedroom Apartments

Verda Vista Apartments

5264-5312 Hwy 21Imperial, MO 63052
  • Utilities Included
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Red Rooster Apartments
1 to 3 Bedroom Apartments

Red Rooster Apartments

7601 Blackberry LnBonne Terre, MO 63628
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Crimson Landing
1 to 3 Bedroom Apartments

Crimson Landing

4826 Red RoosterFarmington, MO 63640

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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Showing Results 1-43, Page 1 of 1

Salem, MO Local Guide

Cheapest Available Salem Apartments for Rent and Nearby

 

The cheapest available apartment rental in Salem, MO is a 1 Bed unit found at 217 Twin Ridge Rd priced from $625. The Lodges at Rolla has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
217 Twin Ridge RdA Layout1BR,1BA$625
The Lodges at RollaRent By The Room Spring/Fall 20261BR,1BA$650
Pine View2beds and 1bath2BR,1BA$675
990 S Lay Ave990 South Lay1BR,1BA$710
The Studios1 Bed 1 Bath1BR,1BA$780
Columbia Park ApartmentsColumbia Park - 1 Bedroom Apartment Home1BR,1BA$795
Trails West Apartments2BR2BR,1BA$850
Osage Estates Apartments1 Bed, 1 bath1BR,1BA$850
Arbor Ridge ApartmentsArbor Ridge - 1 Bedroom Apartment Home1BR,1BA$850
Camden CrestOne Bedroom1BR,1BA$850

Best Value Apartments for Rent in Salem, MO and Nearby

As of May 08, 2026 the best value apartment in the Salem area is the $1.02 price per square foot 2 BR Model at Liberty Pointe in the starting from $950. The second greatest value Salem apartment is the 2 Bedroom Model at Oak Point Townhomes starting at $925 with a $1.03 price per square foot . Here is today’s list of the best values for Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Liberty Pointe2 BR2BR,1BA$1.02
Oak Point Townhomes2 Bedroom2BR,1.5BA$1.03
Trails West Apartments2BR2BR,1BA$0.94
Orchard View Apartments2 Beds, 2 baths2BR,2BA$1.03
Summit Valley ApartmentsOne Bed, One Bath1BR,1BA$1.05
Pine View2beds and 1bath2BR,1BA$0.84
Autumn Leaf Apartment Homes1 bedroom downstairs1BR,1BA$1.24
Camden CrestOne Bedroom1BR,1BA$1.12
Osage Estates Apartments1 Bed, 1 bath1BR,1BA$1.24
217 Twin Ridge RdA Layout1BR,1BA$1.25

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.

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Real 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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Frequently Asked Questions about Cheap Salem Apartments

How much is rent for a Cheap One Bedroom Salem Apartment?

The lowest price for a Cheap One Bedroom Salem Apartment is $625 at 217 Twin Ridge Rd.

What is the lowest price for a Cheap Two Bedroom Salem Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Salem is starting from $675 at Pine View.

What is the most affordable Salem Three Bedroom Apartment?

The best deal on a cheap Salem Three Bedroom Apartment rental is at Orchard View Apartments and starts from $1,150.

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 Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.

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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.

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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.