Cheap Apartments for Rent in Salem, NJ from $500 (46 Rentals)

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

property at 14 Walnut St

$1,500 - $1,800

2 Bedroom Rentals

Available Now

14 Walnut St

SalemNJ08079

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.

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property at 276 E Broadway

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

2 Bedroom, 2 Bath Condo for Rent

Available Now

276 E Broadway, Unit A

276 E Broadway
SalemNJ08079

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.

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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.

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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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Applegate Apartments
1 to 2 Bedroom Apartments

Applegate Apartments

20 Fort Sumpter RdPennsville, NJ 08070
  • Utilities Included

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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property at 94 Buttonwood Ave

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750
Total Monthly Price
$1,750

3 Bedroom, 1 Bath Home for Rent

Available Now

94 Buttonwood Ave

Hancocks BridgeNJ08038
Showing Results 1-46, Page 1 of 1

Salem, NJ Local Guide

Cheapest Available Salem Apartments for Rent

 

The cheapest available apartment rental in Salem, NJ is a 1 Bed unit found at New Castle Crossing in the New Castle Historic District neighborhood priced from $1,174. Orchard Court Apartments in the Penns Beach neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
New Castle CrossingColonial1BR,1BA$1,174
Orchard Court Apartments1 Bedroom1BR,1BA$1,300
Salem Manor ApartmentsTownhome2BR,1BA$1,350
The Landing at Carneys Point1/11BR,1BA$1,350
Christiana ReserveHartley1BR,1BA$1,359
Waterside VillageThe Arbor1BR,1BA$1,380
Cavalier Country Club Apartments2BD2BR,2BA$1,420
The Willows at Bailey Corner2 Bedroom2BR,1BA$1,475
Meadowview ApartmentsOne Bedroom1BR,1BA$1,475
Appleby ApartmentsThe Brandywine 1BR 1BA1BR,1BA$1,510

Best Value Apartments for Rent in Salem, NJ

As of July 23, 2026 the best value apartment in the Salem area is the $1.69 price per square foot Nottingham 3x2.5 Model at Valley Stream Village Townhomes in the in the Traditions at Christiana neighborhood starting from $2,295. The second greatest value Salem apartment is the 2BR/2BA Model at The Helm and Deemers Landing starting at $2,073 with a $1.61 price per square foot in the Penns Beach 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.
Valley Stream Village TownhomesNottingham 3x2.53BR,2.5BA$1.69
The Helm and Deemers Landing2BR/2BA2BR,2BA$1.61
Salem Manor ApartmentsTownhome2BR,1BA$1.11
Orchard Court Apartments2 Bedroom2BR,1BA$1.38
Village of Canterbury Apartment HomesTwo Bedroom Deux Renovated2BR,2BA$1.67
Castlebrook Apartments2 Bed | 1.5 Bath2BR,1.5BA$1.48
Windsor Forest Townhomes1a. 2 Floor Townhome One Bedroom w/den1BR,1BA$1.63
The Willows at Bailey Corner2 Bedroom2BR,1BA$1.54
Christiana ReserveBethany1BR,1BA$1.63
Cavalier Country Club Apartments1BD Executive1BR,1BA$1.67

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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Salem Apartments

How much is rent for a Cheap One Bedroom Salem Apartment?

The lowest price for a Cheap One Bedroom Salem Apartment is $1,174 at New Castle Crossing.

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 $1,350 at Salem Manor Apartments.

What is the most affordable Salem Three Bedroom Apartment?

The best deal on a cheap Salem Three Bedroom Apartment rental is at Cavalier Country Club Apartments and starts from $1,570.

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 Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.