1204 Commercial St NE
SalemOR97301
Cheap Homes for Rent in the Downtown Salem Neighborhood of Salem, OR from $1,100 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Salem area of Salem.
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.
436 Norway St NE
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.
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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 | $1,592 | $1,195 | $1,990 |
| Downtown Salem 3 Bedroom Homes for Rent | $2,000 | $1,750 | $2,250 |
| Downtown Salem 4 Bedroom Homes for Rent | $2,495 | $2,495 | $2,495 |
| Downtown Salem 5 Bedroom Homes for Rent | $2,900 | $2,900 | $2,900 |
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the Downtown Salem Neighborhood of Salem, OR.
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Best Value Apartments for Rent in Downtown Salem, OR
As of August 05, 2026 the best value apartment in the Downtown Salem area is the $1.81 price per square foot 3x2 Model at The Meridian Apartments in the in the West Salem neighborhood starting from $2,599. The second greatest value Downtown Salem apartment is the 2 Bedroom 1 Bathroom Model at WALLACE PARK APARTMENTS (03) starting at $1,450 with a $1.47 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 | $1.81 |
| WALLACE PARK APARTMENTS (03) | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.47 |
| Liberty Street Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.11 |
| 1380 Saginaw St S, Unit #1 | 1380 Saginaw St S | 2BR,2BA | $2.18 |
| 1481 Tripp / Lee Apartments | One Bed | 1BR,1BA | $1.44 |
| Taybin Terrace Apartments | Upstairs | 1BR,1BA | $1.57 |
| 6 Nineteen Apartments | Two Bedroom | 2BR,1BA | $2.04 |
| Madison Court Apartments | Studio | Studio ,1BA | $1.58 |
| The Metropolitan Building | 0 Bedroom 1 Bath - 45009 | Studio ,1BA | $2.28 |
| Willamette Terrace Apartments | 1BR/1.0BA | 1BR,1BA | $1.84 |
Frequently Asked Questions about Downtown Salem
What type of rentals are currently available in Downtown Salem?
There are currently 185 Apartments for Rent in Downtown Salem, OR with pricing that ranges from $500 to $4,040. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Salem ranging from $1,195 to $2,900.
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 $1,195 to $2,900 with an average monthly rent of $1,946.
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.
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.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.