
Cheap Apartments for Rent in Salem, NH from $600 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in Salem.


Westgate Arms

Willow Park Apartments

Clough Farm Apartments

5 Lancelot, 5

Brook Village West

Total Monthly Price
132 Lawrence Rd, Unit Accessory apartment, Unit Accessory apartment

200 Main St, Unit 3A, Unit 3A

Caro Tuscan Village

Total Monthly Price
33A Bridge St, Unit 33A, Unit 33A
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

7 Lancelot Court

205 Main

1 -7 Meisner

Corsa Tuscan Village

Hamilton Park

23 Lowell St

Mill Falls
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.

Total Monthly Price
Washington Place

Elm Crest Estates

Total Monthly Price
72 Birchwood Rd, Unit 2, Unit 2

354 Park

72 Broadway

20 Ashland Ave

Total Monthly Price
21 Birchwood Rd, Unit In-law apartment, Unit In-law apartment

66 Hampshire St

1a Richard Ave, Unit 1A Richard Ave. Methuen, MA, 01844

Total Monthly Price
70 Crescent St, Unit 2nd floor, Unit 2nd floor
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.

70-72-72 Broadway

Total Monthly Price
115 Bennington St, Unit 1, Unit 1

Arlington Point

Settler's Ridge Apartments - 55+ Community

LOWELL ARMS APARTMENTS

15-17-17 Central St

Oakland Heights Apartments

109 Hunters Run Pl

Fabrica Lofts

21 Horne St
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.

25 Portland St

111 Summer St

Union and Grove Apartments

15 Tremont St

202 Wilson St

24-26 Inman St

43 Parklane Rd

86 Beacon St

130 S Elm St

41 Farrwood Ave
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

How much does it cost to rent an apartment in Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Salem Studio Apartments | $2,399 | $1,400 | $3,147 |
| Salem 1 Bedroom Apartments | $2,846 | $1,575 | $4,304 |
| Salem 2 Bedroom Apartments | $3,520 | $1,746 | $6,211 |
| Salem 3 Bedroom Apartments | $4,450 | $2,200 | $7,372 |
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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Washington Place | 21/13 | 1BR,1BA | $1,750 |
| Westgate Arms | 1-AG | 1BR,1BA | $1,790 |
| Clough Farm Apartments | Two Bedroom | 2BR,1BA | $1,820 |
| 354 Park | One Bedroom | 1BR,1BA | $1,875 |
| 66 Hampshire St | 1 Bed, 1 Bath | 1BR,1BA | $2,150 |
| 1 -7 Meisner | 2BR/1.0BA | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5 Cornish St | 5 Cornish St | 3BR,1BA | $0.68 |
| 115 Bennington St, Unit 1 | 115 Bennington St | 2BR,1BA | $2.30 |
| 70 Crescent St, Unit 2nd floor | 70 Crescent St | 3BR,1BA | $2.20 |
| Clough Farm Apartments | Two Bedroom | 2BR,1BA | $1.86 |
| 1 -7 Meisner | 2BR/1.0BA | 2BR,1BA | $2.75 |
| 66 Hampshire St | 1 Bed, 1 Bath | 1BR,1BA | $2.69 |
| 354 Park | One Bedroom | 1BR,1BA | $2.50 |
| 132 Lawrence Rd, Unit Accessory apartment | 132 Lawrence Rd | 1BR,1BA | $3.01 |
| Washington Place | 21/13 | 1BR,1BA | $2.87 |
| Westgate Arms | 1-AG | 1BR,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.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
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 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

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.

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.

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.

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.