Cheap Homes for Rent in Central Area Salem, OR from $1,000 (6 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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.

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 Studio unit found at Madison Court Apartments priced from $950. 1481 Tripp / Lee Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Central Area apartments for rent in Salem, OR:

Apartment ListingModel NameBed/BathPriced From
Madison Court ApartmentsStudioStudio,1BA$950
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$995
The Lee ApartmentsTLEE - Studio 370Studio,1BA$1,050

Best Value Apartments for Rent in Central Area, OR

As of June 08, 2025 the best value apartment in the Central Area area is the $1.65 price per square foot 2x2 Small Model at Willamette Landing in the in the Northgate neighborhood starting from $1,850. The second greatest value Central Area apartment is the 1127 Broadway St NE Model at 1127 Broadway St NE, Unit 212 starting at $1,695 with a $1.54 price per square foot in the Central Area 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.
Willamette Landing2x2 Small2BR,2BA$1.65
1127 Broadway St NE, Unit 2121127 Broadway St NE2BR,2BA$1.54
WALLACE PARK APARTMENTS (03)2 Bedroom 1 Bathroom2BR,1BA$1.37
12th Street Lofts2 Beds, 1 bath2BR,1BA$1.38
772 Cottage St NE772 Cottage St NE2BR,1BA$1.54
Parkview Apartments2x12BR,1BA$1.66
776 Cottage St NE, Unit 776776 Cottage St NE2BR,1BA$1.64
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$1.24
Madison Court ApartmentsStudioStudio ,1BA$1.58
Fountain Court1/11BR,1BA$2.03

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Central Area

What type of rentals are currently available in Central Area?

There are currently 178 Apartments for Rent in Central Area, OR with pricing that ranges from $950 to $4,040. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Area ranging from $1,025 to $2,950.

What is the current price range for Rental Homes in Central Area?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Central Area ranges from $1,025 to $2,950 with an average monthly rent of $1,931.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.