1367 Commercial St SE
SalemOR97302
Cheap Homes for Rent in Downtown Salem Neighborhood of Salem, OR from $800 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Salem area of Salem.
1574 Bellevue 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.
730 Cottage St NE
SalemOR97301
1566 Bellevue St SE
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.
1125 14th 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 | $2,175 | $2,050 | $2,300 |
| Downtown Salem 3 Bedroom Homes for Rent | $2,063 | $1,745 | $2,395 |
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 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 |
| The Lee Apartments | TLEE - Studio 370 | Studio,1BA | $995 |
Best Value Apartments for Rent in Downtown Salem, OR
As of December 13, 2025 the best value apartment in the Downtown Salem area is the $1.57 price per square foot 1x1 Den Model at The Meridian Apartments in the in the West Salem neighborhood starting from $1,845. The second greatest value Downtown Salem apartment is the 2 Beds, 1 bath Model at 12th Street Lofts starting at $1,350 with a $1.38 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 | 1x1 Den | 1BR,1BA | $1.57 |
| 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 |
| Fountain Court | 1/1 Compact | 1BR,1BA | $2.28 |
| South Block Apartments | Studio A2 | Studio ,1BA | $3.04 |
| The Lee Apartments | TLEE - Studio 370 | Studio ,1BA | $2.69 |
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 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Salem ranging from $875 to $2,395.
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 $2,395 with an average monthly rent of $1,630.
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
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!
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.