Cheap Apartments for Rent in Salem, OR from $400 (166 Rentals)

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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

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Salem, OR Local Guide

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Cheapest Neighborhoods for Apartments in Salem, OR

Pricing Updated: 02/05/2026

Current apartment rentals in the Salem, OR area range in price from $615 to $4,040 with an overall median price of $2,128. The three Salem neighborhoods with the lowest median rent pricing are Grant at $950, Northeast Neighbors at $950, and Highland 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
Grant$1,395$9509
Northeast Neighbors$1,450$95020
Highland$1,675$95010
Faye Wright$1,800$99510
Southeast Mill Creek$1,850$1,12544
Lansing$1,895$664152
NOLA$1,895$66458
South Gateway$1,895$1,12549
East Lancaster$1,897$975101
Outer East$1,900$664206

Cheapest Available Salem Apartments for Rent

 

The cheapest available apartment rental in Salem, OR is a 2 Beds unit found at Oakhill Apartments in the Sunnyslope neighborhood priced from $665. 192-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
Oakhill Apartments2 bed 1 bath2BR,1BA$665
192-Western Village Apartments1x1 Upstairs1BR,1BA$895
338-Fir Knoll Court Apartments1x11BR,1BA$925
Madison Court ApartmentsStudioStudio,1BA$950
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$995
Mallard Landing1BED1BATH1BR,1BA$995
Brighton Park1BR 1Bath1BR,1BA$995
The Lee ApartmentsTLEE - Studio 370Studio,1BA$995
Anita Manor ApartmentsManor1BR,1BA$995
046-Lancaster Court1x11BR,1BA$995

Best Value Apartments for Rent in Salem, OR

As of February 05, 2026 the best value apartment in the Salem area is the $1.14 price per square foot Sequoia Model at JFJ Properties in the in the Lansing neighborhood starting from $1,307. 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$1.14
Z_Campus Court Apartments3 Bedroom 1 Bath3BR,1BA$1.28
Southside Apartments2br 1.5 bath2BR,1.5BA$1.33
Orchard Park Apartments2 Bedroom 2 Bathroom2BR,2BA$1.20
Brooktree Apartments2BR 1 Bath2BR,1BA$1.35
Oakhill Apartments2 bed 1 bath2BR,1BA$0.70
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

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.

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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 $895, while the average apartment in Salem costs $2,128.

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 14 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 $134 which is $1,994 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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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.

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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.