1172 12th St NE
SalemOR97301
Cheap Homes for Rent in Downtown Salem Neighborhood of Salem, OR from $1,100 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Salem area of Salem.
1466 4th St NE
SalemOR97301
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
1204 Commercial St NE
SalemOR97301
1345 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.
Showing Results 1-4, Page 1 of 1
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 | $1,328 | $1,195 | $1,595 |
| Downtown Salem 3 Bedroom Homes for Rent | $2,210 | $1,995 | $2,425 |
| Downtown Salem 4 Bedroom Homes for Rent | $2,595 | $2,595 | $2,595 |
Browse Homes for Rent in this Neighborhood
There are currently 4 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 June 21, 2026 the best value apartment in the Downtown Salem area is the $1.80 price per square foot 2x1 Balcony Model at The Meridian Apartments in the in the West Salem neighborhood starting from $2,300. The second greatest value Downtown Salem apartment is the 2 Bedroom 1 Bathroom Model at WALLACE PARK APARTMENTS (03) starting at $1,325 with a $1.34 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 | 2x1 Balcony | 2BR,1BA | $1.80 |
| WALLACE PARK APARTMENTS (03) | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.34 |
| 12th Street Lofts | 2 bed 1 bath - 3rd Floor | 2BR,1BA | $1.22 |
| Liberty Street Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.11 |
| Willamette Landing | 2x1 End Unit | 2BR,1BA | $1.61 |
| 1481 Tripp / Lee Apartments | One Bed | 1BR,1BA | $1.12 |
| Taybin Terrace Apartments | Upstairs | 1BR,1BA | $1.57 |
| Willamette Terrace Apartments | 2x1 | 2BR,1BA | $1.79 |
| 6 Nineteen Apartments | Two Bedroom | 2BR,1BA | $2.04 |
| Madison Court Apartments | Studio | Studio ,1BA | $1.58 |
Frequently Asked Questions about Downtown Salem
What type of rentals are currently available in Downtown Salem?
There are currently 180 Apartments for Rent in Downtown Salem, OR with pricing that ranges from $895 to $4,040. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Salem ranging from $1,195 to $2,595.
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 $2,595 with an average monthly rent of $1,811.
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
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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.