Cheap Apartments for Rent in Salem, OR from $400 (144 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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Navigating the Rental Market: Tips for First-Time Renters

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Salem, OR Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Salem, OR

Pricing Updated: 03/22/2026

Current apartment rentals in the Salem, OR area range in price from $615 to $4,040 with an overall median price of $2,155. The three Salem neighborhoods with the lowest median rent pricing are Northeast Neighbors at $875, Faye Wright at $995, and Grant at $950. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Salem Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Northeast Neighbors$1,422$87529
Faye Wright$1,425$99527
Grant$1,600$95011
South Salem$1,797$99515
Highland$1,800$95013
East Lancaster$1,895$875104
NOLA$1,895$89561
Southeast Mill Creek$1,895$1,12548
Four Corners$1,922$87565
Hayesville$1,932$1,067255

Cheapest Available Salem Apartments for Rent

 

The cheapest available apartment rental in Salem, OR is a 1 Bed unit found at Anita Manor Apartments in the East Lancaster neighborhood priced from $895. Western Village Apartments in the Highland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Anita Manor ApartmentsManor1BR,1BA$895
Western Village Apartments1x1 Upstairs1BR,1BA$895
Fir Knoll Court Apartments1x11BR,1BA$925
Madison Court ApartmentsStudioStudio,1BA$950
Sunnyslope Manor2 Bedroom 1 Bath2BR,1BA$952
Orchard Park Apartments1 Bedroom 1 Bathroom1BR,1BA$991
Mallard Landing1BED1BATH1BR,1BA$995
The Court at HawthorneUpstairs 1 bed1BR,1BA$995
Brighton Park1BR 1Bath1BR,1BA$995
Springwood Terrace ApartmentsDownstairs 1 Bed1BR,1BA$995

Best Value Apartments for Rent in Salem, OR

As of March 23, 2026 the best value apartment in the Salem area is the $1.25 price per square foot Sequoia Model at JFJ Properties in the in the Lansing neighborhood starting from $1,440. The second greatest value Salem apartment is the 3 Bedroom 1 Bath Model at Z_Campus Court Apartments starting at $1,342 with a $1.28 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$1.25
Z_Campus Court Apartments3 Bedroom 1 Bath3BR,1BA$1.28
Southside Apartments2br 1.5bth W/D Hookup2BR,1.5BA$1.35
North Park Apartments2 bedrooms2BR,1BA$1.32
Brooktree Apartments2BR 1 Bath2BR,1BA$1.35
Royvonne Hills Apartments2x1 Unit 122BR,1BA$1.33
Trinity Terrace Apartments2x1 Updated2BR,1BA$1.33
Liberty Street Apartments2 Beds, 1 bath2BR,1BA$1.31
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$1.24
Sunnyslope Manor2 Bedroom 1 Bath2BR,1BA$1.27

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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.

Best Local Schools in
Salem, OR

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Location, Location, Location!

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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 Anita Manor Apartments which is listed at $895, while the average apartment in Salem costs $2,155.

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 18 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 $297 which is $1,858 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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.