
Cheap Apartments for Rent in Salem, NH from $1,400 (54 Rentals)
Search the lowest-cost Apartments available for rent right now in Salem.


Westgate Arms

Willow Park Apartments

Brook Village West

Caro Tuscan Village

8 Lancelot Court, Unit 13

Corsa Tuscan Village

121 Cluff Crossing Rd, Unit 324

Glenridge Apartments - 55+ Community

Policy Brook Estates
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.

78 School St

12 Tiffany Rd, Unit 3

Clough Farm Apartments

205 Main

103 South Policy Street

16 Meditation Ln

Hamilton Park

26 High St

3 Gage St

Total Monthly Price
Mill Falls
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.

Elm Crest Estates

Total Monthly Price
Washington Place

50 Danbury Dr

8 Kensington Ave

293 Broadway, Unit 3R

293 Broadway

Arlington Point

245 Broadway

206 Primrose St

32 Lawrence St
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.

Settler's Ridge Apartments - 55+ Community

14 Mulberry St

LOWELL ARMS APARTMENTS

Oakland Heights Apartments

Fabrica Lofts

21 Horne St

111 Summer St

46 Washington St

1 Walker Rd

25 Portland St
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.

Union and Grove Apartments

67 Washington St

440 North Ave

15 Tremont St

655 W Lowell Ave

700 Robbins Ave

9 View St

21 Fernview Ave

66 Hampshire St

645 W Lowell Ave
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

How much does it cost to rent an apartment in Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Salem Studio Apartments | $2,308 | $1,400 | $3,036 |
| Cheap Salem 1 Bedroom Apartments | $2,654 | $1,575 | $3,757 |
| Cheap Salem 2 Bedroom Apartments | $3,175 | $1,746 | $6,305 |
| Cheap Salem 3 Bedroom Apartments | $3,753 | $2,450 | $6,529 |
| Cheap Salem 4 Bedroom Apartments | $2,700 | $2,700 | $2,700 |
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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Depot & Main | 1BD1BA | 1BR,1BA | $1,590 |
| Westgate Arms | Studio | Studio,1BA | $1,600 |
| Brook Village West | Studio | Studio,1BA | $1,905 |
| LOWELL ARMS APARTMENTS | Two Bedroom | 2BR,1BA | $2,100 |
| 20 - 50 Danbury Dr | 2BR/1.0BA | 2BR,1BA | $2,200 |
| Corsa Tuscan Village | A1A | 1BR,1BA | $2,230 |
| Caro Tuscan Village | S1D | Studio,1BA | $2,300 |
| Siena Tuscan Village | A | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 6 Merrill St, Unit #2 | 6 Merrill St | 3BR,1BA | $1.73 |
| 32 Gage St, Unit Unit 1 | 32 Gage St | 2BR,1BA | $2.27 |
| The Point at Merrimack Valley | 2B | 2BR,2BA | $2.83 |
| 15 Merrill St, Unit 15 Merrill | 15 Merrill St | 3BR,1BA | $2.50 |
| Carlton Oaks | Two Bedroom One Bathroom - Renovated | 2BR,1BA | $2.91 |
| 9 Lancelot Ct, Unit 8 | 9 Lancelot Ct | 2BR,1BA | $2.70 |
| 1 -7 Meisner | 3BR/1.0BA | 3BR,1BA | $3.13 |
| LOWELL ARMS APARTMENTS | Two Bedroom | 2BR,1BA | $2.80 |
| The Depot & Main | 1BD1BA | 1BR,1BA | $2.41 |
| Corsa Tuscan Village | A1A | 1BR,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.
Read ArticleNavigating 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.
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 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

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.

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.

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.

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.