
Cheap Homes for Rent near Salem, NM from $1,395 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.


5499 Cll De Rosas

4938 S Fork Rd

6529 Justin Ln

4305 Nambe Ct
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.

5095 Kensington Way

5317 Isabella Ct

1114 Branson Ave

1220 3rd St

5015 Kensington Way
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.

3854 Van Ess Ct

5004 Troybrook Rd

1326 Magoffin Pl

7101 Meridian St

3694 Calcite 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.

3503 Northpointe Dr

4028 Apache Pine Pl
Salem, NM Local Guide

How much does it cost to rent a home in Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Salem 2 Bedroom Homes for Rent | $1,445 | $1,395 | $1,495 |
| Salem 3 Bedroom Homes for Rent | $1,768 | $1,395 | $2,700 |
| Salem 4 Bedroom Homes for Rent | $2,204 | $1,400 | $2,750 |
| Salem 5 Bedroom Homes for Rent | $2,700 | $2,700 | $2,700 |
Browse Top Homes for Rent in Salem
Explore Salem
Salem, NM Local Guide
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Cheapest Available Salem Apartments for Rent and Nearby
 The cheapest available apartment rental in Salem, NM is a Studio unit found at Casitas at 805 N 17Th St. in the Downtown Las Cruces neighborhood priced from $695. Mountain Springs Pointe in the Downtown Las Cruces neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Casitas at 805 N 17Th St. | Studio | Studio,1BA | $695 |
| Mountain Springs Pointe | 1 Bedroom | 1BR,1BA | $750 |
| Buena Vida | 1 Bedroom 1 Bath | 1BR,1BA | $770 |
| 1655 S Main | Contemporary Studios | Studio,1BA | $795 |
| Regency Pointe Apartments | The Ambassador | 1BR,1BA | $855 |
Best Value Apartments for Rent in Salem, NM and Nearby
As of August 24, 2026 the best value apartment in the Salem area is the $1.08 price per square foot C4 Model at Casas De Soledad in the starting from $1,775. The second greatest value Salem apartment is the Three Bedroom 1025 SF Model at Vista Montana starting at $933 with a $0.91 price per square foot in the Downtown Las Cruces 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. |
|---|---|---|---|
| Casas De Soledad | C4 | 2BR,2.5BA | $1.08 |
| Vista Montana | Three Bedroom 1025 SF | 3BR,2BA | $0.91 |
| Pavilions At University | Aggie | 2BR,2BA | $1.15 |
| Wyndchase Apartments | 2bed 2bath | 2BR,2BA | $1.16 |
| Los Altos | Two Bedroom 908 SF market rate | 2BR,2BA | $1.21 |
| Woodcrest Apartments | 2 Bedroom | 2BR,2BA | $1.05 |
| 700 California Ave | 2 Bedroom | 2BR,1BA | $1.17 |
| Alta Tierra | 2 Bedrooms | 2BR,1BA | $1.14 |
| Regency Pointe Apartments | The Ambassador | 1BR,1BA | $1.13 |
| Buena Vida | 1 Bedroom 1 Bath | 1BR,1BA | $1.25 |
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 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Salem, NM Rentals by Map
See the most popular apartments and homes in Salem, NM
Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 46 Apartments for Rent in Salem, NM with pricing that ranges from $527 to $3,163. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $1,395 to $2,750.
What is the current price range for Rental Homes in Salem?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Salem ranges from $1,395 to $2,750 with an average monthly rent of $1,855.
How much are larger Three and Four Bedroom Rentals in Salem?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Salem range from $710 to $3,163, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $1,038.
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.

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.

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.