Cheap Apartments for Rent in Salem, MO from $300 (29 Rentals)

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Salem Apartments I
1 to 2 Bedroom Apartments

Salem Apartments I

1808 S Oak StSalem, MO 65560
  • Utilities Included

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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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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Montauk Studios
Studio Apartments

Montauk Studios

209 S Highway 63Licking, MO 65542
  • Utilities Included
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Osage Commons
Studio to 1 Bedroom Apartments

Osage Commons

14175 Highway ZSt. Robert, MO 65584
  • Utilities Included

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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Woodridge Manor Apartments
Studio to 2 Bedroom Apartments

Woodridge Manor Apartments

2404 Williams Creek RdHigh Ridge, MO 63049
Corporate Housing
  • Utilities Included
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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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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
  • Utilities Included

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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Showing Results 1-29, 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 Studio unit found at Osage Commons priced from $545. 217 Twin Ridge Rd has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Osage CommonsStudioStudio,1BA$545
217 Twin Ridge RdA Layout1BR,1BA$625
Autumn Creek1BR/1.0BA1BR,1BA$680
990 S Lay Ave990 South Lay1BR,1BA$680
Pine View2beds and 1bath2BR,1BA$699
Bridleton Woods Apartments1 BR/ 1 BA1BR,1BA$725
Stonebridge MeadowsCozy One Bedroom Apartment Home1BR,1BA$780
The Studios1 Bed 1 Bath1BR,1BA$780
Columbia Park ApartmentsColumbia Park - 1 Bedroom Apartment Home1BR,1BA$785
Summit Valley ApartmentsOne Bed, One Bath1BR,1BA$800

Best Value Apartments for Rent in Salem, MO and Nearby

As of January 29, 2026 the best value apartment in the Salem area is the $1.15 price per square foot 3 Beds, 2 baths Model at Osage Estates Apartments in the in the Gray Summit neighborhood starting from $1,300. The second greatest value Salem apartment is the 2 Bedroom Downstairs Model at Autumn Leaf Apartment Homes starting at $950 with a $0.93 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.
Osage Estates Apartments3 Beds, 2 baths3BR,2BA$1.15
Autumn Leaf Apartment Homes2 Bedroom Downstairs2BR,2BA$0.93
Liberty Pointe2 BR2BR,1BA$1.02
Trails West Apartments2BR2BR,1BA$0.92
Summit Valley ApartmentsOne Bed, One Bath1BR,1BA$0.98
Pine View2beds and 1bath2BR,1BA$0.87
Camden CrestOne Bedroom1BR,1BA$1.12
Bridleton Woods Apartments1 BR/ 1 BA1BR,1BA$1.12
Autumn Creek1BR/1.0BA1BR,1BA$1.14
Osage CommonsStudioStudio ,1BA$1.06

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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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.

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Quick Rent Budget Calculator

How much rent can you afford?

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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Salem, MO

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Remember the 3 Rules of Real Estate:
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Explore Salem, MO Rentals by Map

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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 $699 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 Crimson Landing and starts from $1,245.

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

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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.

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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.

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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.

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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.