Cheap Apartments for Rent in Salem, OR from $400 (117 Rentals)

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

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Oakhill Apartments
1 to 3 Bedroom Apartments

Oakhill Apartments

3837 12th St SESalem, OR 97302
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Stoneridge Apartments
1 to 3 Bedroom Apartments

Stoneridge Apartments

3712 Sunnyview Rd NESalem, OR 97305
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Susan Court Apartments
1 to 2 Bedroom Apartments

Susan Court Apartments

1152-1200 Susan Ct NESalem, OR 97303
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14th St. Courtyard
1 Bedroom Apartments

14th St. Courtyard

830-854 14th St NESalem, OR 97301
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Salem, OR Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Salem, OR

Pricing Updated: 09/07/2025

Current apartment rentals in the Salem, OR area range in price from $664 to $4,040 with an overall median price of $2,167. The three Salem neighborhoods with the lowest median rent pricing are Grant at $950, Morningside at $995, and Highland at $899. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Salem Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Grant$1,350$9509
Morningside$1,379$99521
Highland$1,450$8997
Northeast Neighbors$1,550$89924
Southeast Salem$1,550$99516
Faye Wright$1,580$99513
South Salem$1,655$9957
Southeast Mill Creek$1,850$89850
East Lancaster$1,895$89857
Four Corners$1,895$89836

Cheapest Available Salem Apartments for Rent

 

The cheapest available apartment rental in Salem, OR is a 1 Bed unit found at Oakhill Apartments in the Sunnyslope neighborhood priced from $587. Salem Parkway Apartments in the Northgate neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oakhill Apartments1 bed 1 bath1BR,1BA$587
Salem Parkway Apartments1BR 1 Bath1BR,1BA$899
Crown Ridge Apartments1BR 1 Bath1BR,1BA$899
Somerset Apartments1BR 1 Bath East1BR,1BA$899
192-Western Village Apartments1x1 Upstairs1BR,1BA$925
Madison Court ApartmentsStudioStudio,1BA$950
Taybin Terrace Apartments1 Bed, 1 bath1BR,1BA$975
Brighton Park1BR 1Bath1BR,1BA$975
046-Lancaster Court1x11BR,1BA$995

Best Value Apartments for Rent in Salem, OR

As of September 08, 2025 the best value apartment in the Salem area is the $1.11 price per square foot 4 Bed / 2.5 Bath Townhome Model at INLAND SHORES TOWNHOMES in the in the Outer Keizer neighborhood starting from $2,590. The second greatest value Salem apartment is the 3x1 Model at 122-Ring Manor starting at $1,475 with a $1.29 price per square foot in the Lansing 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.
INLAND SHORES TOWNHOMES4 Bed / 2.5 Bath Townhome4BR,2.5BA$1.11
122-Ring Manor3x13BR,1BA$1.29
Lancaster Townhomes2BR/1.5BA2BR,1.5BA$1.36
Z_Campus Court Apartments3 Bedroom 1 Bath3BR,1BA$1.28
Southside ApartmentsWasher/Dryer Hookup2BR,1.5BA$1.36
Lancaster Terrace Apartments3x23BR,2BA$1.28
Battle Creek Lodge Apartments2 BEDROOM2BR,1BA$1.30
Brooktree Apartments2BR 1 Bath2BR,1BA$1.35
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$1.24
Oakhill Apartments1 bed 1 bath1BR,1BA$1.02

Quick Rent Budget Calculator

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Salem Overview

Salem is the capital of Oregon and is located in Marion County, the 2nd largest city in Oregon behind Portland. The top colleges are Willamette University, Corban University and Chemeketa Community College. Salem is nicknamed the Cherry City because of the different varieties of cherries invented and exhibited.

Why live in Salem, OR?

Salem has a beautiful woodsy landscape with a rich history of invention and filming. “One Flew Over the Cuckoo’s Nest” was filmed at the Oregon State Hospital. There are a plethora of wineries and vineyards from which to choose. The 46 parks are lush and inviting and spread over almost 30 miles across the state. Salem has ongoing community events like the Saturday Market, available from May until October, and exhibits baked goods, crafts, produce and meat. There is also the Wednesday Farmers’ Market that takes place downtown in Courthouse Square during the summer months. The Indoor Saturday Public Market is open all year-around.

Pet Friendly Lifestyle
Salem, OR

Ranked #9

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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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See the most popular apartments and homes in Salem, OR

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Getting Around Salem, OR

Walk Score®

60 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

72 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

35 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Oakhill Apartments which is listed at $587, while the average apartment in Salem costs $2,167.

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 12 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 $230 which is $1,937 cheaper than the average rent for all rentals in Salem.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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