1367 Commercial St SE
SalemOR97302
Cheap Homes for Rent in Downtown Salem Neighborhood of Salem, OR from $800 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Salem area of Salem.
1574 Bellevue St SE
SalemOR97301
392 17th St SE
SalemOR97301
730 Cottage St NE
SalemOR97301
906 Fir St S
SalemOR97302
231-295 Kearney St S
SalemOR97302
1462 4th St NE
SalemOR97301
1345 Waller St SE
SalemOR97302
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1030-KE1030 Church 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 | $1,881 | $1,595 | $2,400 |
| Downtown Salem 3 Bedroom Homes for Rent | $2,121 | $1,995 | $2,395 |
| Downtown Salem 4 Bedroom Homes for Rent | $2,195 | $2,195 | $2,195 |
Browse Homes for Rent in this Neighborhood
There are currently 10 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 192-Western Village Apartments priced from $925. 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 | $925 |
| 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 October 27, 2025 the best value apartment in the Downtown Salem area is the $2.24 price per square foot 2x2 Balcony Model at The Meridian Apartments in the in the West Salem neighborhood starting from $2,661. The second greatest value Downtown Salem apartment is the 1127 Broadway St NE Model at 1127 Broadway St NE, Unit 311 starting at $1,695 with a $1.47 price per square foot in the Central Area 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 | 2x2 Balcony | 2BR,2BA | $2.24 |
| 1127 Broadway St NE, Unit 311 | 1127 Broadway St NE | 2BR,2BA | $1.47 |
| 12th Street Lofts | 2 Beds, 1 bath | 2BR,1BA | $1.38 |
| Liberty Street Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.22 |
| Willamette Landing | 2x1 End Unit | 2BR,1BA | $1.89 |
| 1481 Tripp / Lee Apartments | One Bed | 1BR,1BA | $1.24 |
| 1109 16th St SE, Unit SE Salem 4-Plex LLC | 1109 16th St SE | 2BR,1BA | $1.67 |
| Madison Court Apartments | Studio | Studio ,1BA | $1.58 |
| #375 WILLAMETTE TERRACE | 1BR/1.0BA | 1BR,1BA | $1.93 |
| Fountain Court | 1/1 Compact | 1BR,1BA | $2.28 |
Frequently Asked Questions about Downtown Salem
What type of rentals are currently available in Downtown Salem?
There are currently 187 Apartments for Rent in Downtown Salem, OR with pricing that ranges from $950 to $4,040. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Salem ranging from $875 to $2,400.
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 $875 to $2,400 with an average monthly rent of $1,694.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.