
Cheap Apartments for Rent in Salem, NH from $600 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in Salem.


Westgate Arms

Brook Village West

Willow Park Apartments

11 Lancelot Court

9 Tiffany Rd, Unit 1

7 Lancelot Court

8 Lancelot Court, Unit 13

Caro Tuscan Village
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.

Glenridge Apartments - 55+ Community

Policy Brook Estates

78 School St

14 Tiffany Rd

Clough Farm Apartments

205 Main

Hamilton Park

293 Broadway, Unit 2R

23 Lowell 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.

423 Pelham St

Mill Falls

Total Monthly Price
Washington Place

Elm Crest Estates

Total Monthly Price
115 Bennington St

Arlington Point

Settler's Ridge Apartments - 55+ Community

LOWELL ARMS APARTMENTS

Oakland Heights Apartments
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.

Fabrica Lofts

21 Horne St

350 Haverhill St

5 Thornton Ave

Union and Grove Apartments
75 Beacon St

15 Tremont St

46 Amesbury St

206 Primrose St
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.

645 W Lowell Ave
Salem, NH Local Guide

How much does it cost to rent an apartment in Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Salem Studio Apartments | $2,289 | $1,485 | $2,977 |
| Cheap Salem 1 Bedroom Apartments | $2,829 | $1,575 | $3,831 |
| Cheap Salem 2 Bedroom Apartments | $3,306 | $1,746 | $6,211 |
| Cheap Salem 3 Bedroom Apartments | $3,983 | $2,300 | $6,781 |
Browse Top Apartments in Salem
See all Apartments in SalemExplore Salem
Salem, NH Local Guide

- Nearby Cities
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Cheapest Available Salem Apartments for Rent
 The cheapest available apartment rental in Salem, NH is a Studio unit found at Hamilton Park in the Outer Greater Merrimack Valley neighborhood priced from $1,400. LOWELL ARMS APARTMENTS in the South West Lawrence 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hamilton Park | S - A | Studio,1BA | $1,400 |
| LOWELL ARMS APARTMENTS | Studio | Studio,1BA | $1,600 |
| Washington Place | 11/20 | 1BR,1BA | $1,750 |
| Brook Village West | Studio | Studio,1BA | $1,960 |
| Caro Tuscan Village | S1A | Studio,1BA | $2,025 |
| Corsa Tuscan Village | S1A | Studio,1BA | $2,150 |
| 354 Park | Two Bedroom | 2BR,1BA | $2,175 |
| 1 -7 Meisner | 2BR/1.0BA | 2BR,1BA | $2,200 |
Best Value Apartments for Rent in Salem, NH
As of June 10, 2026 the best value apartment in the Salem area is the $0.63 price per square foot 5 Cornish St Model at 5 Cornish St in the in the South West Lawrence neighborhood starting from $2,300. The second greatest value Salem apartment is the Three Bedroom Model at Mill Falls starting at $3,475 with a $2.30 price per square foot in the Outer Greater Merrimack Valley neighborhood. 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. |
|---|---|---|---|
| 5 Cornish St | 5 Cornish St | 3BR,1BA | $0.63 |
| Mill Falls | Three Bedroom | 3BR,2.5BA | $2.30 |
| 354 Park | Two Bedroom | 2BR,1BA | $2.38 |
| 115 Bennington St | 115 Bennington St | 2BR,1BA | $2.38 |
| 1 -7 Meisner | 2BR/1.0BA | 2BR,1BA | $2.75 |
| 30 High St, Unit 2 | 30 High St | 1BR,1BA | $3.71 |
| Corsa Tuscan Village | S1A | Studio ,1BA | $3.31 |
| Washington Place | 11/20 | 1BR,1BA | $2.87 |
| Toscana | A | Studio ,1BA | $4.21 |
| Siena Tuscan Village | A | Studio ,1BA | $4.30 |
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.
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!
Explore Salem, NH Rentals by Map
See the most popular apartments and homes in Salem, NH
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 Hamilton Park listed at $1,400.
How much is rent for a Cheap One Bedroom Salem Apartment?
The lowest price for a Cheap One Bedroom Salem Apartment is $1,750 at Washington Place.
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 $2,175 at 354 Park.
What is the most affordable Salem Three Bedroom Apartment?
The best deal on a cheap Salem Three Bedroom Apartment rental is at Mill Falls and starts from $3,475.
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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.