
Cheap Homes for Rent in Salem, NC from $300 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.


1243 Main Ave Dr NW

715 23rd St NW

4390 Sawmills School Rd

2353 US-70
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.

1726 Suburban Dr

1754 Zion Rd

100 2nd Ave SE

1406 Cliffside Pl SE

8364 Cedar St
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.

3309 Clarence Towery Cir

186 Eastview St

442 2nd St Pl SW

2320 Shade Tree St

1421 Piedmont Dr NW
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.

137 18th St NW
Salem, NC Local Guide

How much does it cost to rent a home in Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Salem 2 Bedroom Homes for Rent | $1,227 | $875 | $2,500 |
| Salem 3 Bedroom Homes for Rent | $1,532 | $1,000 | $2,700 |
| Salem 4 Bedroom Homes for Rent | $2,250 | $2,000 | $2,500 |
Browse Top Homes for Rent in Salem
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Salem, NC Local Guide
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Cheapest Available Salem Apartments for Rent and Nearby
 The cheapest available apartment rental in Salem, NC is a Studio unit found at Quail Ridge Apartments in the Lakeland neighborhood priced from $750. Suburban Valley has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Quail Ridge Apartments | Studio | Studio,1BA | $750 |
| Suburban Valley | 2 Beds, 2 Baths | 2BR,2BA | $950 |
| Apartments on 20th | Eastside 1 Bedroom | 1BR,1BA | $1,000 |
| 101 Park Place Ave | One Bed | 1BR,1BA | $1,000 |
| The Village at Catawba Ridge | Studio Standard-Call For Availability | Studio,1BA | $1,025 |
Best Value Apartments for Rent in Salem, NC and Nearby
As of July 07, 2026 the best value apartment in the Salem area is the $1.09 price per square foot 2 Bedrooms, 2 Bathrooms Model at The Villas at Pebble Creek in the in the Viewmont neighborhood starting from $1,310. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Villas at Pebble Creek | 2 Bedrooms, 2 Bathrooms | 2BR,2BA | $1.09 |
| 101 Park Place Ave | 3 BR | 3BR,2BA | $1.25 |
| Cedarbrook Apartments | 2 Bedroom - Garden | 2BR,2BA | $1.16 |
| Wellington Place | The Fairway | 2BR,1.5BA | $1.15 |
| Plaza View Luxury Condominiums | 2 Bed, 1.5 Bath Model | 2BR,1.5BA | $1.18 |
| The Condominiums at Cedarwood | 2 Bed, 1.5 Bath Model | 2BR,1.5BA | $1.18 |
| 28 Park Ave | 2 Bedroom | 2BR,1.5BA | $1.14 |
| Bost Road Apartments | 2 Bedroom | 2BR,1.5BA | $1.24 |
| Hickory East | 2 bedroom B | 2BR,1.5BA | $1.27 |
| 4152 Cherrywood Dr | The Brookstone | 2BR,1.5BA | $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.
Read ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Salem, NC Rentals by Map
See the most popular apartments and homes in Salem, NC
Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 62 Apartments for Rent in Salem, NC with pricing that ranges from $750 to $3,804. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $395 to $2,700.
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 $2,700 with an average monthly rent of $1,249.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.