Cheap New Apartments for Rent in Salem, OR from $400 (37 Rentals)

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Rivenwood
Rent Specials
$1,299 - $1,980
Total Monthly Price

Total Monthly Price

Base Rent
$1,299 - $1,980

Total Monthly Price
$1,299 - $1,980
Built in 2024Studio to 2 Bedroom Apartments Available Now

Rivenwood

424 Center St NESalem, OR 97301
Furnished
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Spring Woods
Rent Specials
$1,299 - $1,995
Total Monthly Price

Total Monthly Price

Base Rent
$1,299 - $1,995

Total Monthly Price
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Built in 20251 to 3 Bedroom Apartments Available Now

Spring Woods

4040 Hayesville Dr NESalem, OR 97305
Affordability
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Fruitland Meadow
Rent Specials
$1,443 - $1,993
Total Monthly Price

Total Monthly Price

Base Rent
$1,443 - $1,993

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

Fruitland Meadow

5164 SE Caplinger RdSalem, OR 97317
Affordability
  • Verified
  • Utilities Included
  • Low Income

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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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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

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 Grove Apartments
Built in 20201 to 3 Bedroom Apartments

The Grove Apartments

3955 Outward RdSalem, OR 97302
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Pleasant View Apartments
Built in 20181 to 2 Bedroom Apartments

Pleasant View Apartments

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

Cherry City Crossing

3930-3960 Cherry Ave NEKeizer, OR 97303
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Creeks Edge
Built in 20241 to 2 Bedroom Apartments

Creeks Edge

5724 River Rd NKeizer, OR 97303
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Plymouth Duster
Built in 20232 Bedroom Apartments

Plymouth Duster

621-647 Plymouth Dr NEKeizer, OR 97303
  • Utilities Included
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Clearview
Built in 20231 to 2 Bedroom Apartments

Clearview

1075 Clearview Ave NEKeizer, OR 97303

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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751 Plymouth Dr NE
Built in 20212 Bedroom Apartments

751 Plymouth Dr NE

751 Plymouth Dr NEKeizer, 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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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 Western Village Apartments which is listed at $845, while the average apartment in Salem costs $2,168.

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 20 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 $412 which is $1,756 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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.