1466 4th St NE
SalemOR97301
Cheap Homes for Rent in the Central Area Salem, OR from $1,235 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Area area of Salem.
1204 Commercial St NE
SalemOR97301
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1035 1/2 16th St NE
SalemOR97301
390 22nd St SE
SalemOR97301
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
774 Cottage St NE
SalemOR97301
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Central Area, Salem, OR Local Guide
How much does it cost to rent a home in Central Area?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Area 2 Bedroom Homes for Rent | $1,875 | $1,295 | $2,600 |
| Central Area 3 Bedroom Homes for Rent | $2,272 | $1,750 | $2,595 |
| Central Area 4 Bedroom Homes for Rent | $2,900 | $2,900 | $2,900 |
| Central Area 5 Bedroom Homes for Rent | $2,900 | $2,900 | $2,900 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Central Area Neighborhood of Salem, OR.
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Central Area, Salem, OR Local Guide
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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 The Metropolitan Building priced from $500. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Metropolitan Building | 0 Bedroom 1 Bath - 76101 | Studio,1BA | $500 |
| Madison Court Apartments | Studio | Studio,1BA | $950 |
| 1481 Tripp / Lee Apartments | One Bed | 1BR,1BA | $995 |
Best Value Apartments for Rent in Central Area, OR
As of August 29, 2026 the best value apartment in the Central Area area is the $1.73 price per square foot 2x1 Model at The Meridian Apartments in the in the West Salem neighborhood starting from $2,050. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Meridian Apartments | 2x1 | 2BR,1BA | $1.73 |
| WALLACE PARK APARTMENTS (03) | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.34 |
| Liberty Street Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.11 |
| Parkview Apartments | 2x1 | 2BR,1BA | $1.40 |
| 1481 Tripp / Lee Apartments | One Bed | 1BR,1BA | $1.24 |
| Taybin Terrace Apartments | Upstairs | 1BR,1BA | $1.57 |
| 1355-1367 Liberty St NE | 2 Beds, 1 Baths | 2BR,1BA | $1.67 |
| 365 16th St SE | 2BR/1.0BA | 2BR,1BA | $1.79 |
| Madison Court Apartments | Studio | Studio ,1BA | $1.58 |
| The Metropolitan Building | 0 Bedroom 1 Bath - 76101 | Studio ,1BA | $1.92 |
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.
Read Article
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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Pet Friendly LifestyleCentral Area, Salem, OR
Ranked #15
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Central Area
What type of rentals are currently available in Central Area?
There are currently 181 Apartments for Rent in Central Area, OR with pricing that ranges from $500 to $4,040. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Area ranging from $1,235 to $2,900.
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 $1,235 to $2,900 with an average monthly rent of $2,031.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
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.
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.
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.