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$895 - $9951 Bedroom Apartments Available Now
1481 Tripp / Lee Apartments
1461-1491 Lee St SESalem, OR 97302
Cheap Apartments for Rent in the Downtown Salem Neighborhood of Salem, OR from $700 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Salem area of Salem.
771 21st St SE
SalemOR97301
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$950Studio Apartments Contact Us For Availability
Madison Court Apartments
1065 Madison St NESalem, OR 97301
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$975
Total Monthly Price
1 Bedroom Apartment Available Jun 1Total Monthly Price
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$975
Total Monthly Price
$975
365 14th St SE, Unit 365
365 14th St SESalem, OR 97301
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$995 - $1,8001 to 3 Bedroom Apartments Available Now
Willamette Terrace Apartments
357 Owens St SSalem, OR 97302
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$999 - $1,2501 to 2 Bedroom Apartments Available Now
Liberty Street Apartments
805-895 Liberty St SESalem, OR 97302
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$1,050 - $1,200Studio to 1 Bedroom Apartments Available Jun 1
The Lee Apartments
585 Winter St NESalem, OR 97301
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.
912 Fir St S
SalemOR97302
241 High St NE
SalemOR97301
1594 Tripp St SE
SalemOR97302
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Rent Specials
$1,1952 Bedroom Apartments Available Now
12th Street Lofts
1150 12th St NESalem, OR 97301
1359 Liberty St NE
SalemOR97301
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$1,2252 Bedroom Apartments Available Jun 13
6 Nineteen Apartments
1245 Chemeketa St NESalem, OR 97301
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$1,295 - $1,795
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,295 - $1,795
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$1,295 - $1,795
Rivenwood
424 Center St NESalem, OR 97301
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.
1537 Commercial St SE
SalemOR97302
1118 Waller St SE
SalemOR97302
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1 Bedroom Apartments
14th St. Courtyard
830-854 14th St NESalem, OR 97301
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1 Bedroom Apartments
Brookwood Terrace Apartments
1095-1159 Waller St SESalem, OR 97302
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1 to 2 Bedroom Apartments
192-Western Village Apartments
1869-1913 NE Broadway St NESalem, OR 97301
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1 to 2 Bedroom Apartments
Courtney Place
220 Cottage St NESalem, OR 97301
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1 Bedroom Apartments
804 14th St NE
804 14th St 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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2 Bedroom Apartments
Chancellor Apartments
821-841 Cottage St NESalem, OR 97301
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Studio to 2 Bedroom Apartments
Koz on State
260 State StSalem, OR 97301
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1 to 2 Bedroom Apartments
Fountain Court
928-990 Fir St SSalem, OR 97302
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Studio to 1 Bedroom Apartments
Frances Apartments
555 Winter St NESalem, OR 97301
1172 12th St NE
SalemOR97301
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Studio to 2 Bedroom Apartments
Cartwright Apartments
120 Bush St SSalem, OR 97302
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1 Bedroom Apartments
Winter St Cottages
1326-1342 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.
1204 Commercial St NE
SalemOR97301
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2 to 3 Bedroom Apartments
Glen Creek Park Apartments
351-359 Glen Creek Rd NWSalem, OR 97304
Showing Results 1-30, Page 1 of 1
Downtown Salem, Salem, OR Local Guide
How much does it cost to rent an apartment in Downtown Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Salem Studio Apartments | $1,375 | $950 | $1,749 |
| Downtown Salem 1 Bedroom Apartments | $1,482 | $895 | $2,075 |
| Downtown Salem 2 Bedroom Apartments | $1,900 | $1,099 | $3,750 |
| Downtown Salem 3 Bedroom Apartments | $2,661 | $1,650 | $4,040 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 2 mile radius of the Downtown Salem Neighborhood of Salem, OR.
See all Apartments in SalemExplore Salem
Downtown Salem, Salem, OR Local Guide
- Nearby Salem neighborhoods
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Cheapest Available Downtown Salem Apartments for Rent
The cheapest available apartment rental in the Downtown Salem area of Salem, OR is a 1 Bed unit found at 192-Western Village Apartments priced from $845. 1481 Tripp / Lee Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable Downtown Salem apartments for rent in Salem, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 192-Western Village Apartments | 1x1 Upstairs | 1BR,1BA | $845 |
| 1481 Tripp / Lee Apartments | One Bed | 1BR,1BA | $895 |
| Madison Court Apartments | Studio | Studio,1BA | $950 |
| Willamette Terrace Apartments | 1x1 | 1BR,1BA | $995 |
| Liberty Street Apartments | 1 Bed, 1 bath | 1BR,1BA | $999 |
| 12th Street Lofts | 2 bed 1 bath - 3rd Floor | 2BR,1BA | $1,195 |
| Cartwright Apartments | Forge | Studio,1BA | $1,199 |
| Rivenwood | The Grainline | Studio,1BA | $1,295 |
| The Metropolitan Building | 0 Bedroom 1 Bath - 45009 | Studio,1BA | $1,325 |
| WALLACE PARK APARTMENTS (03) | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,325 |
Best Value Apartments for Rent in Downtown Salem, OR
As of May 28, 2026 the best value apartment in the Downtown Salem 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 Downtown Salem 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 Downtown Salem apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Meridian Apartments | 3x2 | 3BR,2BA | $1.95 |
| WALLACE PARK APARTMENTS (03) | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.34 |
| 12th Street Lofts | 2 bed 1 bath - 3rd Floor | 2BR,1BA | $1.22 |
| Liberty Street Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.22 |
| Willamette Landing | 2x1 End Unit | 2BR,1BA | $1.61 |
| 1481 Tripp / Lee Apartments | One Bed | 1BR,1BA | $1.12 |
| Taybin Terrace Apartments | Upstairs | 1BR,1BA | $1.57 |
| Willamette Terrace Apartments | 2x1 | 2BR,1BA | $1.79 |
| The Metropolitan Building | 0 Bedroom 1 Bath - 45009 | Studio ,1BA | $2.10 |
| Madison Court Apartments | Studio | Studio ,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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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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Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Salem. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Downtown Salem Apartments
What is the Cheapest Studio apartment in Downtown Salem?
Currently the most affordable Cheap Studio Apartment in Downtown Salem is at Madison Court Apartments listed at $950.
How much is rent for a Cheap One Bedroom Downtown Salem Apartment?
The lowest price for a Cheap One Bedroom Downtown Salem Apartment is $845 at 192-Western Village Apartments.
What is the lowest price for a Cheap Two Bedroom Downtown Salem Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Salem is starting from $1,099 at Liberty Street Apartments.
What is the most affordable Downtown Salem Three Bedroom Apartment?
The best deal on a cheap Downtown Salem 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
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.
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.
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.
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.