Cheap Apartments for Rent in Salem, OR from $400 (120 Rentals)

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

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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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.

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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Oakhill Apartments
1 to 3 Bedroom Apartments

Oakhill Apartments

3837 12th St SESalem, OR 97302
  • Utilities Included
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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
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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: 12/07/2025

Current apartment rentals in the Salem, OR area range in price from $664 to $4,040 with an overall median price of $2,143. The three Salem neighborhoods with the lowest median rent pricing are Faye Wright at $995, Northeast Neighbors at $950, and Southeast Salem at $995. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Salem Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Faye Wright$1,395$99514
Northeast Neighbors$1,450$95023
Southeast Salem$1,474$99510
South Salem$1,495$99525
Grant$1,512$9509
Highland$1,785$9509
Morningside$1,795$99521
Southeast Mill Creek$1,837$1,12540
Northgate$1,875$99925
Lansing$1,895$664145

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. 192-Western Village Apartments in the Highland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. 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
192-Western Village Apartments1x1 Upstairs1BR,1BA$925
338-Fir Knoll Court Apartments1x11BR,1BA$925
Somerset Apartments1BR 1 Bath East1BR,1BA$950
Madison Court ApartmentsStudioStudio,1BA$950
Brighton Park1BR 1Bath1BR,1BA$975
Orchard Park Apartments1 Bedroom 1 Bathroom1BR,1BA$991
3441 3rd Ave1 Bed 1 Bath1BR,1BA$995
The Lee ApartmentsTLEE - Studio 370Studio,1BA$995
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$995

Best Value Apartments for Rent in Salem, OR

As of December 08, 2025 the best value apartment in the Salem area is the $1.16 price per square foot Sequoia Model at JFJ Properties in the in the Lansing neighborhood starting from $1,335. The second greatest value Salem apartment is the 2BR/1.5BA Model at Lancaster Townhomes starting at $1,495 with a $1.36 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.
JFJ PropertiesSequoia2BR,1.5BA$1.16
Lancaster Townhomes2BR/1.5BA2BR,1.5BA$1.36
Southside Apartments2br 1.5 bath2BR,1.5BA$1.32
Z_Campus Court Apartments3 Bedroom 1 Bath3BR,1BA$1.28
12th Street Lofts2 Beds, 1 bath2BR,1BA$1.38
Brooktree Apartments2BR 1 Bath2BR,1BA$1.30
Lancaster Commons2 Bedroom W2BR,1BA$1.35
Liberty Street Apartments2 Beds, 1 bath2BR,1BA$1.31
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$1.24
Oakhill Apartments1 bed 1 bath1BR,1BA$1.02

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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 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 $2,143.

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 26 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 $226 which is $1,917 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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.