Cheap Homes for Rent in Salem, NE from $500 (24 Rentals)

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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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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.

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. Mitchell Park Plaza Apartment has the second lowest priced unit, which is a Studio apartment currently listed from $600. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parkway Village Apartments1 Bedroom1BR,1BA$540
Mitchell Park Plaza ApartmentS1 - Standard Studio (Pet-Free)Studio,1BA$600
Nottingham Court Apartments1 Bed 1 Bath1BR,1BA$652
Park Avenue Apartments2 Bed2BR,1BA$695
HL29 Modern FlatsStudioStudio,1BA$725

Best Value Apartments for Rent in Salem, NE and Nearby

As of December 26, 2025 the best value apartment in the Salem area is the $1.26 price per square foot 2 Bedroom, 2 Bathroom - 1118 SF Model at The Brink at Ridgeview in the in the Papillion La Vista neighborhood starting from $1,405. The second greatest value Salem apartment is the 5100 Building Attached garage Model at Kensington Park starting at $1,025 with a $1.14 price per square foot in the Family Acres 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.
The Brink at Ridgeview2 Bedroom, 2 Bathroom - 1118 SF2BR,2BA$1.26
Kensington Park5100 Building Attached garage1BR,1.5BA$1.14
Forest Cove Apartments2x12BR,1BA$0.89
Park Avenue Apartments2 Bed2BR,1BA$0.87
148 Park Lane136 Park Ln1BR,1BA$1.31
Heartland FlatsMarlowe1BR,1BA$1.37
Cottonwood CreekOne Bedroom1BR,1BA$1.04
Nottingham Court Apartments2 Bed 1 Bath2BR,1BA$1.12
Parkway Village Apartments1 Bedroom Updated1BR,1BA$0.98
1010 N 16th St1 bedroom unit1BR,1BA$1.29

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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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Pet Friendly Lifestyle
Salem, NE

Ranked #75

Among cities in Nebraska for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 52 Apartments for Rent in Salem, NE with pricing that ranges from $540 to $10,096. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $500 to $2,450.

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 $500 to $2,450 with an average monthly rent of $1,223.

How much are larger Three and Four Bedroom Rentals in Salem?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Salem range from $800 to $3,180, while Three Bedroom Homes, Condos, and Townhomes for rent range from $675 to $1,550. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $925.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!