
Cheap Homes for Rent in Salem, NC from $300 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.


432 Wilson St NW

100 2nd Ave SE
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.

4390 Sawmills School Rd

404 W Main St

137 18th St NW
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

How much does it cost to rent a home in Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Salem 2 Bedroom Homes for Rent | $1,495 | $850 | $2,800 |
| Salem 3 Bedroom Homes for Rent | $1,554 | $950 | $2,000 |
| Salem 4 Bedroom Homes for Rent | $2,372 | $2,245 | $2,500 |
Browse Top Homes for Rent in Salem
Explore Salem
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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 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 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wellington Place | The Caddie | 3BR,2BA | $1.10 |
| 101 Park Place Ave | 3 BR | 3BR,2BA | $1.25 |
| Laurel Forest | The Oakwood | 2BR,2BA | $1.23 |
| 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 |
| Cedarbrook Apartments | 1 Bedroom | 1BR,1BA | $1.18 |
| The Villas at Pebble Creek | 1 Bedroom, 1 Bathroom | 1BR,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.
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 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

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.

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.

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.

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.