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$1,050Studio Apartments Available Now
1434 Ferry St SE
1434 Ferry St SESalem, OR 97301
Cheap Homes for Rent in Downtown Salem Neighborhood of Salem, OR from $1,100 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Salem area of Salem.
1106 Waller St SE
SalemOR97302
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.
240 13th St NE
SalemOR97301
1615 D St NE
SalemOR97301
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.
1525 Baker St NE
SalemOR97301
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Downtown Salem, Salem, OR Local Guide
How much does it cost to rent a home in Downtown Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Salem 2 Bedroom Homes for Rent | $1,527 | $1,295 | $1,795 |
| Downtown Salem 3 Bedroom Homes for Rent | $1,995 | $1,995 | $1,995 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Salem Neighborhood of Salem, OR.
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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. 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 |
|---|---|---|---|
| Western Village Apartments | 1x1 Upstairs | 1BR,1BA | $895 |
| Madison Court Apartments | Studio | Studio,1BA | $950 |
| 1481 Tripp / Lee Apartments | One Bed | 1BR,1BA | $995 |
Best Value Apartments for Rent in Downtown Salem, OR
As of March 22, 2026 the best value apartment in the Downtown Salem area is the $1.96 price per square foot 3x2 Model at The Meridian Apartments in the in the West Salem neighborhood starting from $2,811. The second greatest value Downtown Salem apartment is the 2 Bedroom 1 Bathroom Model at Wallace Park Apartments starting at $1,395 with a $1.41 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 | $1.96 |
| Wallace Park Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.41 |
| 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 |
| #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 | $2.47 |
| Rivenwood | The Grainline | Studio ,1BA | $2.78 |
Frequently Asked Questions about Downtown Salem
What type of rentals are currently available in Downtown Salem?
There are currently 184 Apartments for Rent in Downtown Salem, OR with pricing that ranges from $950 to $4,040. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Salem ranging from $1,100 to $1,995.
What is the current price range for Rental Homes in Downtown Salem?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Salem ranges from $1,100 to $1,995 with an average monthly rent of $1,538.
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
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.
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.