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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.
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Rent Specials
$975 - $1,3001 Bedroom Apartments Contact Us For Availability
Taybin Terrace Apartments
533 Taybin Rd NWSalem, OR 97304
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$995 - $1,0951 to 2 Bedroom Apartments Available Now
1481 Tripp / Lee Apartments
1461-1491 Lee St SESalem, 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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$1,0451 Bedroom Apartments Contact Us For Availability
6 Nineteen Apartments
1245 Chemeketa St NESalem, OR 97301
1265 Chemeketa St NE
SalemOR97301
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.
1273 Chemeketa St NE
SalemOR97301
1259 Chemeketa St NE
SalemOR97301
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Rent Specials
$1,085 - $1,8001 to 3 Bedroom Apartments Available Now
#375 WILLAMETTE TERRACE
302 Owens St SSalem, OR 97302
875 Liberty St NE
SalemOR97301
771 21st St SE
SalemOR97301
1189 Saginaw St S
SalemOR97302
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.
219 Myers St S
SalemOR97302
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Rent Specials
$1,249 - $2,025Studio to 2 Bedroom Apartments Available Now
Rivenwood
424 Center St NESalem, OR 97301
1541 Commercial St SE
SalemOR97302
1355-1365-1365 4th St NE
SalemOR97301
1225 Chemeketa St NE
SalemOR97301
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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.
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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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 | $1,274 | $950 | $1,540 |
| Downtown Salem 1 Bedroom Apartments | $1,372 | $975 | $2,085 |
| Downtown Salem 2 Bedroom Apartments | $1,787 | $1,050 | $3,750 |
| Downtown Salem 3 Bedroom Apartments | $2,740 | $1,450 | $4,040 |
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 $895. Madison Court Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $950. 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 | $895 |
| Madison Court Apartments | Studio | Studio,1BA | $950 |
| The Lee Apartments | TLEE - Studio 370 | Studio,1BA | $995 |
| 1481 Tripp / Lee Apartments | One Bed | 1BR,1BA | $995 |
| Liberty Street Apartments | 1 Bed, 1 bath | 1BR,1BA | $999 |
| #375 WILLAMETTE TERRACE | 1x1 | 1BR,1BA | $1,085 |
| Fountain Court | 1/1 Compact | 1BR,1BA | $1,095 |
| Rivenwood | The Grainline- Income Restricted | Studio,1BA | $1,298 |
| Cartwright Apartments | Gable | Studio,1BA | $1,335 |
| 12th Street Lofts | 2 Beds, 1 bath | 2BR,1BA | $1,350 |
Best Value Apartments for Rent in Downtown Salem, OR
As of December 31, 2025 the best value apartment in the Downtown Salem area is the $1.38 price per square foot 2 Beds, 1 bath Model at 12th Street Lofts in the in the Central Area neighborhood starting from $1,350. The second greatest value Downtown Salem apartment is the 2 Beds, 1 bath Model at Liberty Street Apartments starting at $1,175 with a $1.31 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. |
|---|---|---|---|
| 12th Street Lofts | 2 Beds, 1 bath | 2BR,1BA | $1.38 |
| Liberty Street Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.31 |
| Willamette Landing | 2x1 End Unit | 2BR,1BA | $1.89 |
| #375 WILLAMETTE TERRACE | 2BR/1.0BA | 2BR,1BA | $2.22 |
| 1481 Tripp / Lee Apartments | One Bed | 1BR,1BA | $1.24 |
| Madison Court Apartments | Studio | Studio ,1BA | $1.58 |
| The Court Yard | A2-STU | Studio ,1BA | $2.65 |
| Fountain Court | 1/1 Compact | 1BR,1BA | $2.28 |
| Rivenwood | The Grainline- Income Restricted | Studio ,1BA | $3.02 |
| The Lee Apartments | TLEE - Studio 370 | Studio ,1BA | $2.69 |
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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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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 $895 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 $1,095 at 1481 Tripp / Lee 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 #375 WILLAMETTE TERRACE and starts from $1,750.
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
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!