Cheap Homes for Rent in Salem, NE from $500 (19 Rentals)

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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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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 105 S 12th St

105 S 12th St

SavannahMO64485
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Salem, NE Local Guide

Cheapest Available Salem Apartments for Rent and Nearby

 

The cheapest available apartment rental in Salem, NE is a 1 Bed unit found at Parkway Village Apartments priced from $540. Forest Cove Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $615. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parkway Village Apartments1 Bedroom1BR,1BA$540
Forest Cove Apartments1x1 Small1BR,1BA$615
Mitchell Park PlazaS1 - Standard StudioStudio,1BA$650
Nottingham Court Apartments1 Bed 1 Bath1BR,1BA$673
HL29 Modern FlatsStudioStudio,1BA$725

Best Value Apartments for Rent in Salem, NE and Nearby

As of May 29, 2025 the best value apartment in the Salem area is the $1.28 price per square foot Two Bedroom Model at Summit Falls Apartments & Townhomes in the in the Colonial Hills neighborhood starting from $1,495. The second greatest value Salem apartment is the C1 Attached Garage Model at Wilderness Hills South Apartments starting at $1,575 with a $1.55 price per square foot in the Porter Ridge neighborhood. 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.
Summit Falls Apartments & TownhomesTwo Bedroom2BR,2BA$1.28
Wilderness Hills South ApartmentsC1 Attached Garage2BR,2BA$1.55
Emory Lakes Luxury ApartmentsThe Emporia2BR,1.5BA$1.50
Kensington Park5100 Building Attached garage1BR,1.5BA$1.14
Forest Cove Apartments2x12BR,1BA$0.95
Park Avenue Apartments2 Bed2BR,1BA$1.12
Arbor View Apartments2 Beds, 1 bath2BR,1BA$1.23
Parkway Village Apartments2 Bedroom Remodeled2BR,2BA$0.99
Nottingham Court Apartments1 Bed 1 Bath1BR,1BA$1.13
1010 N 16th St1 bedroom unit1BR,1BA$1.29

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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Frequently Asked Questions about Salem

What type of rentals are currently available in Salem?

There are currently 50 Apartments for Rent in Salem, NE with pricing that ranges from $540 to $10,096. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $550 to $2,300.

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 $550 to $2,300 with an average monthly rent of $1,392.

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.

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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.

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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.

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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.

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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.