Cheap Apartments for Rent in Salem, NH from $600 (37 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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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 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.

property at 423 Pelham 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

423 Pelham St

MethuenMA01844
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Washington Place
$1,750 - $1,950
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,750 - $1,950

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Washington Place

11 Washington StMethuen, MA 01844
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  • Utilities Included
  • Smoke Free
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Arlington Point
Studio to 3 Bedroom Apartments

Arlington Point

580 BroadwayLawrence, MA 01841

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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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 350 Haverhill St

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

2 Bedroom, 1 Bath Condo for Rent

Available Now

350 Haverhill St

LawrenceMA01840
property at 5 Thornton Ave

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

2 Bedroom, 1 Bath Condo for Rent

Available Now

5 Thornton Ave

LawrenceMA01841
property at 75 Beacon 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

75 Beacon St

LawrenceMA01843
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15 Tremont St
1 Bedroom Apartments

15 Tremont St

15 Tremont StMethuen, MA 01844
  • Smoke Free
property at 46 Amesbury St

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900

Total Monthly Price
$1,900

2 Bedroom, 1 Bath Condo for Rent

Available Now

46 Amesbury St

LawrenceMA01840
property at 206 Primrose St

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

Studio, 1 Bath Home for Rent

Available Now

206 Primrose St

HaverhillMA01830

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 645 W Lowell Ave

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

2 Bedroom, 1 Bath Townhome for Rent

Available Now

645 W Lowell Ave

HaverhillMA01832

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 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 ListingModel NameBed/BathPriced From
Hamilton ParkS - AStudio,1BA$1,400
LOWELL ARMS APARTMENTSStudioStudio,1BA$1,600
Washington Place11/201BR,1BA$1,750
Brook Village WestStudioStudio,1BA$1,960
Caro Tuscan VillageS1AStudio,1BA$2,025
Corsa Tuscan VillageS1AStudio,1BA$2,150
354 ParkTwo Bedroom2BR,1BA$2,175
1 -7 Meisner2BR/1.0BA2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
5 Cornish St5 Cornish St3BR,1BA$0.63
Mill FallsThree Bedroom3BR,2.5BA$2.30
354 ParkTwo Bedroom2BR,1BA$2.38
115 Bennington St115 Bennington St2BR,1BA$2.38
1 -7 Meisner2BR/1.0BA2BR,1BA$2.75
30 High St, Unit 230 High St1BR,1BA$3.71
Corsa Tuscan VillageS1AStudio ,1BA$3.31
Washington Place11/201BR,1BA$2.87
ToscanaAStudio ,1BA$4.21
Siena Tuscan VillageAStudio ,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.

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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 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

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

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.

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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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.