1367 Commercial St SE
SalemOR97302
Cheap Homes for Rent in Downtown Salem Neighborhood of Salem, OR from $800 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Salem area of Salem.
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.
351 19th 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.
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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 | $1,571 | $1,295 | $1,995 |
| Downtown Salem 3 Bedroom Homes for Rent | $2,095 | $1,995 | $2,295 |
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 January 31, 2026 the best value apartment in the Downtown Salem area is the $1.66 price per square foot 1094 15th St SE Model at 1094 15th St SE, Unit 1094 15th St in the in the Central Area neighborhood starting from $2,150. The second greatest value Downtown Salem apartment is the 3 Bedroom 2 Bathroom Model at WALLACE PARK APARTMENTS (03) starting at $1,550 with a $1.37 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. |
|---|---|---|---|
| 1094 15th St SE, Unit 1094 15th St | 1094 15th St SE | 3BR,2BA | $1.66 |
| WALLACE PARK APARTMENTS (03) | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.37 |
| 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 |
| 320 Wilson St S, Unit 320 Wilson St S | 320 Wilson St S | 1BR,1BA | $1.71 |
| Madison Court Apartments | Studio | Studio ,1BA | $1.58 |
| The Court Yard | A2-STU | Studio ,1BA | $2.65 |
| 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 184 Apartments for Rent in Downtown Salem, OR with pricing that ranges from $950 to $4,040. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Salem ranging from $875 to $2,295.
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 $2,295 with an average monthly rent of $1,509.
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
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.
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.