Cheap 1 Bedroom Apartments for Rent in Salem, OR from $895 (84 Rentals)

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Genius Ideas and Studio Layout Tips That Maximize Every Square Inch

Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

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Peace Street
$1,100 - $1,150
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,150
Total Monthly Price
$1,100 - $1,150
1 Bedroom Apartments Available Now

Peace Street

1291-1381 Peace St SESalem, OR 97302
Affordability
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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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Oakhill Apartments
1 Bedroom Apartments

Oakhill Apartments

3837 12th St SESalem, OR 97302
  • 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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Stoneridge Apartments
1 Bedroom Apartments

Stoneridge Apartments

3712 Sunnyview Rd NESalem, OR 97305
  • Utilities Included
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Villa Rose Apartments
1 Bedroom Apartments

Villa Rose Apartments

1601-1691 Savage Rd NESalem, OR 97301
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14th St. Courtyard
1 Bedroom Apartments

14th St. Courtyard

830-854 14th St NESalem, OR 97301
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Monica Lea
1 Bedroom Apartments

Monica Lea

2780-2818 Claxter Rd NESalem, OR 97301
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Courtney Place
1 Bedroom Apartments

Courtney Place

220 Cottage St NESalem, OR 97301
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Ivanhoe Apartments
1 Bedroom Apartments

Ivanhoe Apartments

2305-2309 State StSalem, OR 97301
Senior Living

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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Salem, OR Local Guide

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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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, OR
Population: 173,442

Ranked #149

in US Census Population by City

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Best Local Schools in
Salem, OR

School data provided by Great Schools

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

Explore Salem, OR Rentals by Map

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Frequently Asked Questions about Cheap Salem Apartments

What is a cheap apartment in Salem?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Salem is under $995.

What is the price of a cheap apartment in Salem?

The cheapest apartment in Salem is 192-Western Village Apartments which is listed at $845, while the average apartment in Salem costs $2,126.

What types of apartments are the cheapest in Salem?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 38 regular apartments in Salem that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Salem?

Cheap apartments in Salem have an average cost of $349 which is $1,777 cheaper than the average rent for all rentals in Salem.

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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

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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.

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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.