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$895 - $9951 to 2 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 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Salem area of Salem.
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$950Studio Apartments Available Now
Madison Court Apartments
1065 Madison St NESalem, OR 97301
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Rent Specials
$995 - $1,6501 to 3 Bedroom Apartments Available Now
#375 WILLAMETTE TERRACE
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
771 21st St SE
SalemOR97301
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$1,0451 Bedroom Apartments Available Now
6 Nineteen Apartments
1245 Chemeketa St NESalem, OR 97301
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$1,050Studio Apartments Available Apr 17
The Lee Apartments
585 Winter St NESalem, OR 97301
1106 Waller St SE
SalemOR97302
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.
1105 Waller St SE
SalemOR97302
241 High St NE
SalemOR97301
1149 Waller St SE
SalemOR97302
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Rent Specials
$1,199 - $2,025Studio to 2 Bedroom Apartments Available Now
Rivenwood
424 Center St NESalem, OR 97301
219 Myers St S
SalemOR97302
840 E St NE
SalemOR97301
1594 Tripp St SE
SalemOR97302
510-520 14th St SE
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.
1118 Waller St SE
SalemOR97302
1559 Commercial St SE
SalemOR97302
525-535 19th St SE
SalemOR97301
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$1,3001 Bedroom Apartments Contact Us For Availability
Taybin Terrace Apartments
533 Taybin Rd NWSalem, OR 97304
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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
Courtney Place
220 Cottage St NESalem, OR 97301
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1 to 2 Bedroom Apartments
Western Village Apartments
1869-1913 NE Broadway 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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1 Bedroom Apartments
804 14th St NE
804 14th St NESalem, OR 97301
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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
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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
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2 to 3 Bedroom Apartments
Glen Creek Park Apartments
351-359 Glen Creek Rd NWSalem, OR 97304
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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2 Bedroom Apartments
12th Street Lofts
1150 12th St NESalem, OR 97301
1525 Baker St NE
SalemOR97301
Showing Results 1-34, 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 | $1,357 | $950 | $1,749 |
| Downtown Salem 1 Bedroom Apartments | $1,388 | $895 | $2,095 |
| Downtown Salem 2 Bedroom Apartments | $1,912 | $995 | $3,750 |
| Downtown Salem 3 Bedroom Apartments | $2,699 | $1,300 | $4,040 |
| Downtown Salem 4 Bedroom Apartments | $2,695 | $2,695 | $2,695 |
Browse Apartments in this Neighborhood
There are currently 34 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 Western Village Apartments priced from $895. 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 |
|---|---|---|---|
| Western Village Apartments | 1x1 Upstairs | 1BR,1BA | $895 |
| 1481 Tripp / Lee Apartments | One Bed | 1BR,1BA | $895 |
| Madison Court Apartments | Studio | Studio,1BA | $950 |
| #375 WILLAMETTE TERRACE | 1x1 | 1BR,1BA | $995 |
| Liberty Street Apartments | 1 Bed, 1 bath | 1BR,1BA | $999 |
| 6 Nineteen Apartments | One Bedroom | 1BR,1BA | $1,045 |
| Rivenwood | The Grainline | Studio,1BA | $1,199 |
| Cartwright Apartments | Forge | Studio,1BA | $1,199 |
| 12th Street Lofts | 2 bed 1 bath - 3rd Floor | 2BR,1BA | $1,295 |
| Wallace Park Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,325 |
Best Value Apartments for Rent in Downtown Salem, OR
As of April 12, 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 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 | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.34 |
| 12th Street Lofts | 2 bed 1 bath - 1st Floor | 2BR,1BA | $1.38 |
| Liberty Street Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.31 |
| Willamette Landing | 2x1 End Unit | 2BR,1BA | $1.81 |
| 1481 Tripp / Lee Apartments | One Bed | 1BR,1BA | $1.12 |
| #375 WILLAMETTE TERRACE | 2x1 | 2BR,1BA | $1.79 |
| Madison Court Apartments | Studio | Studio ,1BA | $1.58 |
| The Court Yard | A2-STU | Studio ,1BA | $2.47 |
| South Block Apartments | Studio A2 | Studio ,1BA | $2.95 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleThe 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 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 $995 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 $1,650.
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
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.