Cheap Apartments for Rent in the Central Area Salem, OR from $700 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central Area area of Salem.

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.

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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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Rivenwood
Rent Specials
$1,295 - $1,795
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $1,795
Total Monthly Price
$1,295 - $1,795
Studio to 1 Bedroom Apartments Available Now

Rivenwood

424 Center St NESalem, OR 97301
Furnished
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14th St. Courtyard
1 Bedroom Apartments

14th St. Courtyard

830-854 14th St NESalem, OR 97301
  • Utilities Included
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Courtney Place
1 to 2 Bedroom Apartments

Courtney Place

220 Cottage St NESalem, OR 97301
  • Utilities Included

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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804 14th St NE
1 Bedroom Apartments

804 14th St NE

804 14th St NESalem, OR 97301
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Koz on State
Studio to 2 Bedroom Apartments

Koz on State

260 State StSalem, OR 97301
  • Utilities Included
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Fountain Court
1 to 2 Bedroom Apartments

Fountain Court

928-990 Fir St SSalem, OR 97302
Senior Living
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Frances Apartments
Studio to 1 Bedroom Apartments

Frances Apartments

555 Winter St NESalem, OR 97301

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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Showing Results 1-31, Page 1 of 1

Central Area, Salem, OR Local Guide

Cheapest Available Central Area Apartments for Rent

 

The cheapest available apartment rental in the Central Area area of Salem, OR is a 1 Bed unit found at 1481 Tripp / Lee Apartments priced from $895. Madison Court Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable Central Area apartments for rent in Salem, OR:

Apartment ListingModel NameBed/BathPriced From
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$895
Madison Court ApartmentsStudioStudio,1BA$950
Willamette Terrace Apartments1x11BR,1BA$995
Liberty Street Apartments1 Bed, 1 bath1BR,1BA$999
12th Street Lofts2 bed 1 bath - 3rd Floor2BR,1BA$1,195
Cartwright ApartmentsForgeStudio,1BA$1,199
Parkview Apartments2x12BR,1BA$1,225
RivenwoodThe GrainlineStudio,1BA$1,295
The Metropolitan Building0 Bedroom 1 Bath - 45009Studio,1BA$1,325
WALLACE PARK APARTMENTS (03)2 Bedroom 1 Bathroom2BR,1BA$1,325

Best Value Apartments for Rent in Central Area, OR

As of May 25, 2026 the best value apartment in the Central Area area is the $1.95 price per square foot 3x2 Model at The Meridian Apartments in the in the West Salem neighborhood starting from $2,795. The second greatest value Central Area apartment is the 2 Bedroom 1 Bathroom Model at WALLACE PARK APARTMENTS (03) starting at $1,325 with a $1.34 price per square foot in the West Salem neighborhood. Here is today’s list of the best values for Central Area apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Meridian Apartments3x23BR,2BA$1.95
WALLACE PARK APARTMENTS (03)2 Bedroom 1 Bathroom2BR,1BA$1.34
12th Street Lofts2 bed 1 bath - 3rd Floor2BR,1BA$1.22
Liberty Street Apartments2 Beds, 1 bath2BR,1BA$1.22
Parkview Apartments2x12BR,1BA$1.40
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$1.12
Taybin Terrace ApartmentsUpstairs1BR,1BA$1.57
Willamette Terrace Apartments2x12BR,1BA$1.79
The Metropolitan Building0 Bedroom 1 Bath - 45009Studio ,1BA$2.10
Madison Court ApartmentsStudioStudio ,1BA$1.58

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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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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Pet Friendly Lifestyle
Central Area, Salem, OR

Ranked #18

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Central Area Apartments

What is the Cheapest Studio apartment in Central Area?

Currently the most affordable Cheap Studio Apartment in Central Area is at Madison Court Apartments listed at $950.

How much is rent for a Cheap One Bedroom Central Area Apartment?

The lowest price for a Cheap One Bedroom Central Area Apartment is $895 at 1481 Tripp / Lee Apartments.

What is the lowest price for a Cheap Two Bedroom Central Area Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Central Area is starting from $1,099 at Liberty Street Apartments.

What is the most affordable Central Area Three Bedroom Apartment?

The best deal on a cheap Central Area Three Bedroom Apartment rental is at Willamette Terrace Apartments and starts from $1,650.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.