Cheap Apartments for Rent in Salem, NH from $600 (50 Rentals)

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

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.

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78 School St
Studio Apartments

78 School St

78 School StSalem, NH 03079
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205 Main
Studio to 2 Bedroom Apartments

205 Main

205 Main StSalem, NH 03079
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1 -7 Meisner
2 to 3 Bedroom Apartments

1 -7 Meisner

1-7 Meisner CirSalem, NH 03079
  • Utilities Included
property at 23 Lowell St

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

1 Bedroom, 1 Bath Home for Rent

Available Now

23 Lowell St

MethuenMA01844

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.

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Washington Place
Rent Specials
$1,750
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

Washington Place

11 Washington StMethuen, MA 01844
  • Verified
  • Utilities Included
  • Smoke Free
property at 72 Broadway

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900

Total Monthly Price
$1,900

2 Bedroom, 1 Bath Home for Rent

Available Now

72 Broadway

MethuenMA01844

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.

property at 70-72-72 Broadway

$2,275

Total Monthly Price

Total Monthly Price

Base Rent
$2,275

Total Monthly Price
$2,275

3 Bedroom, 1 Bath Home for Rent

Available Now

70-72-72 Broadway

MethuenMA01844
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Arlington Point
Studio to 3 Bedroom Apartments

Arlington Point

580 BroadwayLawrence, MA 01841
property at 15-17-17 Central St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

1 Bedroom, 1 Bath Condo for Rent

Available Now

15-17-17 Central St

HaverhillMA01832
property at 109 Hunters Run Pl

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

1 Bedroom, 1 Bath Condo for Rent

Available Now

109 Hunters Run Pl

HaverhillMA01832
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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

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.

property at 25 Portland St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

1 Bedroom, 1 Bath Condo for Rent

Available Now

25 Portland St

HaverhillMA01830
property at 111 Summer St

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

1 Bedroom, 1 Bath Condo for Rent

Available Now

111 Summer St

HaverhillMA01830
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15 Tremont St
1 Bedroom Apartments

15 Tremont St

15 Tremont StMethuen, MA 01844
  • Smoke Free
property at 202 Wilson St

$2,150

Total Monthly Price

Total Monthly Price

Base Rent
$2,150

Total Monthly Price
$2,150

3 Bedroom, 1 Bath Home for Rent

Available Now

202 Wilson St

HaverhillMA01832
property at 24-26 Inman St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

2 Bedroom, 1 Bath Condo for Rent

Available Now

24-26 Inman St

LawrenceMA01843
property at 86 Beacon St

$2,250

Total Monthly Price

Total Monthly Price

Base Rent
$2,250

Total Monthly Price
$2,250

2 Bedroom, 1 Bath Condo for Rent

Available Now

86 Beacon St

LawrenceMA01843
property at 130 S Elm St

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

3 Bedroom, 1 Bath Condo for Rent

Available Now

130 S Elm St

HaverhillMA01835
property at 41 Farrwood Ave

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

2 Bedroom, 1 Bath Condo for Rent

Available Now

41 Farrwood Ave

North AndoverMA01845

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.

Salem, NH Local Guide

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Local Guide Expert

Cheapest Available Salem Apartments for Rent and Nearby

 

The cheapest available apartment rental in Salem, NH is a 1 Bed unit found at Washington Place in the Outer Greater Merrimack Valley neighborhood priced from $1,750. Westgate Arms in the Outer Greater Merrimack Valley neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,790. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Washington Place21/131BR,1BA$1,750
Westgate Arms1-AG1BR,1BA$1,790
Clough Farm ApartmentsTwo Bedroom2BR,1BA$1,820
354 ParkOne Bedroom1BR,1BA$1,875
66 Hampshire St1 Bed, 1 Bath1BR,1BA$2,150
1 -7 Meisner2BR/1.0BA2BR,1BA$2,200

Best Value Apartments for Rent in Salem, NH and Nearby

As of April 23, 2026 the best value apartment in the Salem area is the $0.68 price per square foot 5 Cornish St Model at 5 Cornish St in the in the South West Lawrence neighborhood starting from $2,500. The second greatest value Salem apartment is the 115 Bennington St Model at 115 Bennington St, Unit 1 starting at $2,300 with a $2.30 price per square foot in the South West Lawrence 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.
5 Cornish St5 Cornish St3BR,1BA$0.68
115 Bennington St, Unit 1115 Bennington St2BR,1BA$2.30
70 Crescent St, Unit 2nd floor70 Crescent St3BR,1BA$2.20
Clough Farm ApartmentsTwo Bedroom2BR,1BA$1.86
1 -7 Meisner2BR/1.0BA2BR,1BA$2.75
66 Hampshire St1 Bed, 1 Bath1BR,1BA$2.69
354 ParkOne Bedroom1BR,1BA$2.50
132 Lawrence Rd, Unit Accessory apartment132 Lawrence Rd1BR,1BA$3.01
Washington Place21/131BR,1BA$2.87
Westgate Arms1-AG1BR,1BA$3.14

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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

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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 Caro Tuscan Village listed at $2,280.

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 $1,820 at Clough Farm Apartments.

What is the most affordable Salem Three Bedroom Apartment?

The best deal on a cheap Salem Three Bedroom Apartment rental is at Caro Tuscan Village and starts from $3,965.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.