Cheap New Apartments for Rent in Salem, OR from $500 (22 Rentals)

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

property at 4845 Skylab Ave NE
$695

Total Monthly Price

Base Rent$695

Total Monthly Price$695
1 Bedroom, 1 Bath Home for Rent
Available Oct 3
Furnished

4845 Skylab Ave NE

SalemOR97305
  • Smoke Free
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Rivenwood
Rent Specials
$1,298 - $1,990

Total Monthly Price

Base Rent$1,298 - $1,990

Total Monthly Price$1,298 - $1,990
Built in 2024Studio to 2 Bedroom Apartments Available Now

Rivenwood

424 Center St NESalem, OR 97301
Furnished
  • Verified
  • 3D Tour

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

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Fruitland Meadow
Rent Specials
$1,399 - $1,893

Total Monthly Price

Base Rent$1,399 - $1,893

Total Monthly PriceVaries
Built in 2018Studio to 3 Bedroom Apartments Available Now

Fruitland Meadow

5164 SE Caplinger RdSalem, OR 97317
Family Friendly
  • Verified
  • Utilities Included
  • Low Income
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Courtney Place
Built in 20241 to 2 Bedroom Apartments

Courtney Place

220 Cottage St NESalem, OR 97301
  • Utilities Included
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Cornerstone
Built in 2020Studio to 3 Bedroom Apartments

Cornerstone

2540 Rose Garden St NESalem, OR 97301
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Koz on State
Built in 2021Studio to 2 Bedroom Apartments

Koz on State

260 State StSalem, OR 97301
  • Utilities Included
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Mahonia Crossing
Built in 20231 to 3 Bedroom Apartments

Mahonia Crossing

5120 Salal St SESalem, OR 97306

First Apartment Regrets: Real Renters Share What They'd Do Differently

Your first apartment comes with a learning curve nobody warns you about. Hear from real renters who've been there and get the advice they wish someone had given them on day one.

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Cartwright Apartments
Built in 2025Studio to 2 Bedroom Apartments

Cartwright Apartments

120 Bush St SSalem, OR 97302
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Fisher Park Apartments
Built in 20231 to 3 Bedroom Apartments

Fisher Park Apartments

4370-4374 Fisher Rd NESalem, OR 97305
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Hawthorne Place
Built in 20171 to 3 Bedroom Apartments

Hawthorne Place

4225-4265 Hawthorne Ave NESalem, OR 97301
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Pleasant View Apartments
Built in 20181 to 2 Bedroom Apartments

Pleasant View Apartments

3655 Pleasant View Dr NEKeizer, OR 97303
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Cherry City Crossing
Built in 20221 to 3 Bedroom Apartments

Cherry City Crossing

3930-3960 Cherry Ave NEKeizer, OR 97303

Rent According to Income: A Look at Income-Restricted Rentals

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Creeks Edge
Built in 20241 to 2 Bedroom Apartments

Creeks Edge

5724 River Rd NKeizer, OR 97303

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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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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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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Salem, OR
Population: 173,442

Ranked #149

in US Census Population by City

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Remember the 3 Rules of Real Estate:
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 192-Western Village Apartments which is listed at $795, while the average apartment in Salem costs $1,526.

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 24 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 $304 which is $1,222 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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.