Cheap Homes for Rent in Salem, NC from $300 (6 Rentals)

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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.

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.

Salem, NC Local Guide

Cheapest Available Salem Apartments for Rent and Nearby

 

The cheapest available apartment rental in Salem, NC is a 1 Bed unit found at Apartments on 20th in the Viewmont neighborhood priced from $1,000. 101 Park Place Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Apartments on 20thEastside 1 Bedroom1BR,1BA$1,000
101 Park Place AveOne Bed1BR,1BA$1,000
The Village at Catawba RidgeStudio Standard-Call For AvailabilityStudio,1BA$1,025

Best Value Apartments for Rent in Salem, NC and Nearby

As of May 22, 2026 the best value apartment in the Salem area is the $1.10 price per square foot The Caddie Model at Wellington Place in the in the Lakeland neighborhood starting from $1,430. The second greatest value Salem apartment is the 3 BR Model at 101 Park Place Ave starting at $1,500 with a $1.25 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.
Wellington PlaceThe Caddie3BR,2BA$1.10
101 Park Place Ave3 BR3BR,2BA$1.25
Laurel ForestThe Oakwood2BR,2BA$1.23
Plaza View Luxury Condominiums2 Bed, 1.5 Bath Model2BR,1.5BA$1.18
The Condominiums at Cedarwood2 Bed, 1.5 Bath Model2BR,1.5BA$1.18
28 Park Ave2 Bedroom2BR,1.5BA$1.14
Bost Road Apartments2 Bedroom2BR,1.5BA$1.24
Hickory East2 bedroom B2BR,1.5BA$1.27
Cedarbrook Apartments1 Bedroom1BR,1BA$1.18
The Villas at Pebble Creek1 Bedroom, 1 Bathroom1BR,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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Salem

What type of rentals are currently available in Salem?

There are currently 60 Apartments for Rent in Salem, NC with pricing that ranges from $650 to $3,804. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $395 to $2,800.

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 $395 to $2,800 with an average monthly rent of $1,533.

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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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.