Cheap Apartments for Rent in Salem, NH from $1,400 (54 Rentals)

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Search the lowest-cost Apartments available for rent right now in Salem.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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78 School St
Studio Apartments

78 School St

78 School StSalem, NH 03079
property at 12 Tiffany Rd
$1,675

Total Monthly Price

Base Rent$1,675

Total Monthly Price$1,675
1 Bedroom, 1 Bath Condo for Rent
Available Now

12 Tiffany Rd, Unit 3

12 Tiffany Rd
SalemNH03079
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Clough Farm Apartments
1 to 2 Bedroom Apartments

Clough Farm Apartments

6 Braemoor Woods RdSalem, NH 03079
  • Utilities Included
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205 Main
Studio to 2 Bedroom Apartments

205 Main

205 Main StSalem, NH 03079
property at 16 Meditation Ln
$900

Total Monthly Price

Base Rent$900

Total Monthly Price$900
1 Bedroom, 1.5 Bath Home for Rent
Available Oct 1

16 Meditation Ln

AtkinsonNH03811
property at 26 High St
$1,650

Total Monthly Price

Base Rent$1,650

Total Monthly Price$1,650
1 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

26 High St

MethuenMA01844
property at 3 Gage St
$1,650

Total Monthly Price

Base Rent$1,650

Total Monthly Price$1,650
1 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

3 Gage St

MethuenMA01844
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Mill Falls
$1,746 - $3,475

Total Monthly Price

Base Rent$1,746 - $3,475

Total Monthly Price$1,746 - $3,475
12 Month Lease Term
1 to 3 Bedroom Apartments Available Now

Mill Falls

51 Osgood StMethuen, MA 01844
  • Verified

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Washington Place
$1,950

Total Monthly Price

Base Rent$1,950

Total Monthly PriceVaries
12 Month Lease Term
2 Bedroom Apartments Available Sep 15

Washington Place

11 Washington StMethuen, MA 01844
Family Friendly
  • Verified
  • Utilities Included
  • Smoke Free
property at 50 Danbury Dr
$2,200

Total Monthly Price

Base Rent$2,200

Total Monthly Price$2,200
2 Bedroom, 1 Bath Home for Rent
Available Now

50 Danbury Dr

MethuenMA01844
property at 8 Kensington Ave
$2,200

Total Monthly Price

Base Rent$2,200

Total Monthly Price$2,200
12 Month Lease Term
2 Bedroom, 1 Bath Home for Rent
Available Now

8 Kensington Ave

MethuenMA01844
property at 293 Broadway
$2,200

Total Monthly Price

Base Rent$2,200

Total Monthly Price$2,200
2 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

293 Broadway

MethuenMA01844
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Arlington Point
Studio to 3 Bedroom Apartments

Arlington Point

580 BroadwayLawrence, MA 01841
property at 245 Broadway
$800

Total Monthly Price

Base Rent$800

Total Monthly Price$800
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

245 Broadway

LawrenceMA01840
property at 206 Primrose St
$995

Total Monthly Price

Base Rent$995

Total Monthly Price$995
Studio, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

206 Primrose St

HaverhillMA01830
property at 32 Lawrence St
$1,000

Total Monthly Price

Base Rent$1,000

Total Monthly Price$1,000
1 Bedroom Rentals
Available Now
Affordability

32 Lawrence St

LawrenceMA01840

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

property at 14 Mulberry St
$1,550

Total Monthly Price

Base Rent$1,550

Total Monthly Price$1,550
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

14 Mulberry St

HaverhillMA01830
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Fabrica Lofts
1 to 3 Bedroom Apartments

Fabrica Lofts

608 BroadwayLawrence, MA 01841
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21 Horne St
Studio to 2 Bedroom Apartments

21 Horne St

21 Horne StMethuen, MA 01844
  • Utilities Included
property at 111 Summer St
$1,750

Total Monthly Price

Base Rent$1,750

Total Monthly Price$1,750
1 Bedroom, 1 Bath Condo for Rent
Available Now

111 Summer St

HaverhillMA01830
property at 46 Washington St
$1,750

Total Monthly Price

Base Rent$1,750

Total Monthly Price$1,750
1 Bedroom Rentals
Available Now

46 Washington St

HaverhillMA01832
property at 1 Walker Rd
$1,770

Total Monthly Price

Base Rent$1,770

Total Monthly Price$1,770
2 Bedroom, 1 Bath Condo for Rent
Available Now

1 Walker Rd

North AndoverMA01845
property at 25 Portland St
$1,800

Total Monthly Price

Base Rent$1,800

Total Monthly Price$1,800
Studio, 1 Bath Condo for Rent
Available Now

25 Portland St

HaverhillMA01830

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.

property at 67 Washington St
$1,895

Total Monthly Price

Base Rent$1,895

Total Monthly Price$1,895
2 Bedroom, 1 Bath Condo for Rent
Available Now

67 Washington St

HaverhillMA01832
property at 440 North Ave
$1,900

Total Monthly Price

Base Rent$1,900

Total Monthly Price$1,900
2 Bedroom, 1 Bath Condo for Rent
Available Now

440 North Ave

HaverhillMA01830
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15 Tremont St
1 Bedroom Apartments

15 Tremont St

15 Tremont StMethuen, MA 01844
  • Smoke Free
property at 655 W Lowell Ave
$1,950

Total Monthly Price

Base Rent$1,950

Total Monthly Price$1,950
1 Bedroom, 1 Bath Condo for Rent
Available Now

655 W Lowell Ave

HaverhillMA01832
property at 700 Robbins Ave
$1,950

Total Monthly Price

Base Rent$1,950

Total Monthly Price$1,950
2 Bedroom Rentals
Available Now

700 Robbins Ave

DracutMA01826
property at 9 View St
$1,975

Total Monthly Price

Base Rent$1,975

Total Monthly Price$1,975
2 Bedroom Rentals
Available Now

9 View St

HaverhillMA01832
property at 21 Fernview Ave
$2,100

Total Monthly Price

Base Rent$2,100

Total Monthly Price$2,100
2 Bedroom, 1 Bath Condo for Rent
Available Now

21 Fernview Ave

North AndoverMA01845
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66 Hampshire St
1 to 3 Bedroom Apartments

66 Hampshire St

66 Hampshire StMethuen, MA 01844
  • Smoke Free
property at 645 W Lowell Ave
$1,850 - $2,150

Total Monthly Price

Base Rent$2,150

Total Monthly Price$2,150
2 Bedroom Rentals
Available Now

645 W Lowell Ave

HaverhillMA01832

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, NH Local Guide

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Staff Writer
Local Guide Expert

Cheapest Available Salem Apartments for Rent

 

The cheapest available apartment rental in Salem, NH is a 1 Bed unit found at The Depot & Main in the Outer Greater Merrimack Valley neighborhood priced from $1,590. Westgate Arms in the Outer Greater Merrimack Valley neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,600. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Depot & Main1BD1BA1BR,1BA$1,590
Westgate ArmsStudioStudio,1BA$1,600
Brook Village WestStudioStudio,1BA$1,905
LOWELL ARMS APARTMENTSTwo Bedroom2BR,1BA$2,100
20 - 50 Danbury Dr2BR/1.0BA2BR,1BA$2,200
Corsa Tuscan VillageA1A1BR,1BA$2,230
Caro Tuscan VillageS1DStudio,1BA$2,300
Siena Tuscan VillageAStudio,1BA$2,401

Best Value Apartments for Rent in Salem, NH

As of September 08, 2026 the best value apartment in the Salem area is the $1.73 price per square foot 6 Merrill St Model at 6 Merrill St, Unit #2 in the in the South West Lawrence neighborhood starting from $2,600. The second greatest value Salem apartment is the 32 Gage St Model at 32 Gage St, Unit Unit 1 starting at $2,400 with a $2.27 price per square foot in the Methuen 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.
6 Merrill St, Unit #26 Merrill St3BR,1BA$1.73
32 Gage St, Unit Unit 132 Gage St2BR,1BA$2.27
The Point at Merrimack Valley2B2BR,2BA$2.83
15 Merrill St, Unit 15 Merrill15 Merrill St3BR,1BA$2.50
Carlton OaksTwo Bedroom One Bathroom - Renovated2BR,1BA$2.91
9 Lancelot Ct, Unit 89 Lancelot Ct2BR,1BA$2.70
1 -7 Meisner3BR/1.0BA3BR,1BA$3.13
LOWELL ARMS APARTMENTSTwo Bedroom2BR,1BA$2.80
The Depot & Main1BD1BA1BR,1BA$2.41
Corsa Tuscan VillageA1A1BR,1BA$3.39

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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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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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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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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Salem Overview

Salem, New Hampshire, can be an excellent place for apartment renters to settle in because it has such diverse possibilities. It’s a sleepy New England town with old world character located on the outskirts of the major metropolitan city of Boston. Salem apartment renters can relax in the pleasant, low-crime town while working and playing in a big city. It is also surrounded by vast natural resources that include mountain ranges and national parks. Apartments in Salem can be relatively inexpensive, especially when you consider the quality of life residents enjoy.

Why live in Salem, NH?

Salem is a tremendous place for apartment renters because it has a best of both worlds lifestyle. While it’s a quaint New England hamlet, it also is a stones throw away from the urban culture of Boston. You can relax in a quiet home life while working and experiencing big city arts, entertainment, sports and fine dining just a short distance away.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Salem Apartments

What is the Cheapest Studio apartment in Salem?

Currently the most affordable Cheap Studio Apartment in Salem is at Westgate Arms listed at $1,600.

How much is rent for a Cheap One Bedroom Salem Apartment?

The lowest price for a Cheap One Bedroom Salem Apartment is $1,590 at The Depot & Main.

What is the lowest price for a Cheap Two Bedroom Salem Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Salem is starting from $1,908 at The Depot & Main.

What is the most affordable Salem Three Bedroom Apartment?

The best deal on a cheap Salem Three Bedroom Apartment rental is at 1 -7 Meisner and starts from $2,500.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.