217 Green St
LickingMO65542
Cheap Homes for Rent in Salem, MO from $300 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.
809 State Hwy Z
St. RobertMO65584
2518 S Service Rd
BourbonMO65441
16470 Cave Rd
DixonMO65459
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.
206 Swedeborg Rd
WaynesvilleMO65583
603 N Meramec St
St JamesMO65559
19488 Lannigan Rd
WaynesvilleMO65583
23377 Riptide Dr
WaynesvilleMO65583
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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Salem, MO Local Guide
Missouri BBQ! by Dave Herholz 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 | $1,080 | $1,080 | $1,080 |
| Salem 3 Bedroom Homes for Rent | $1,467 | $390 | $2,000 |
| Salem 4 Bedroom Homes for Rent | $1,716 | $1,395 | $2,200 |
Browse Top Homes for Rent in Salem
Explore Salem
Salem, MO Local Guide
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Cheapest Available Salem Apartments for Rent and Nearby
The cheapest available apartment rental in Salem, MO is a 1 Bed unit found at The Lodges at Rolla priced from $650. Autumn Creek 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Lodges at Rolla | Rent By The Room Spring/Fall 2025 | 1BR,1BA | $650 |
| Autumn Creek | One Bed | 1BR,1BA | $650 |
| 990 S Lay Ave | 990 South Lay | 1BR,1BA | $680 |
Best Value Apartments for Rent in Salem, MO and Nearby
As of May 30, 2025 the best value apartment in the Salem area is the $1.02 price per square foot 3A Model at Walden Pond in the in the Murphy neighborhood starting from $1,100. The second greatest value Salem apartment is the One Bed, One Bath Model at Summit Valley Apartments starting at $800 with a $0.98 price per square foot in the Gray Summit 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. |
|---|---|---|---|
| Walden Pond | 3A | 3BR,2BA | $1.02 |
| Summit Valley Apartments | One Bed, One Bath | 1BR,1BA | $0.98 |
| Arbor Ridge Apartments | Deluxe 2 Bedroom Apartment Home | 2BR,1BA | $1.25 |
| Pine View | 2beds and 1bath | 2BR,1BA | $0.94 |
| Camden Crest | One Bedroom | 1BR,1BA | $1.12 |
| Liberty Landing Apartment Homes | One Bedroom | 1BR,1BA | $1.03 |
| Liberty Pointe Apartments | 1 BR | 1BR,1BA | $1.16 |
| Village on the Green | 1 Bed | 1BR,1BA | $1.18 |
| Trails West Apartments | 1BR | 1BR,1BA | $1.19 |
| Autumn Creek | One Bed | 1BR,1BA | $1.09 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 53 Apartments for Rent in Salem, MO with pricing that ranges from $400 to $1,800. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $390 to $2,200.
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 $390 to $2,200 with an average monthly rent of $1,128.
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 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.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.