1815 5th St NE
SalemOR97301
Cheap Homes for Rent in Downtown Salem Neighborhood of Salem, OR from $800 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Salem area of Salem.
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 | $1,561 | $1,245 | $1,775 |
| Downtown Salem 3 Bedroom Homes for Rent | $2,295 | $2,295 | $2,295 |
| Downtown Salem 4 Bedroom Homes for Rent | $2,495 | $2,495 | $2,495 |
| Downtown Salem 5 Bedroom Homes for Rent | $2,495 | $2,495 | $2,495 |
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.
Explore Salem
Let everyone know!
Do you know the Downtown Salem area?
If you’re an expert on all things Downtown Salem, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Value Apartments for Rent in Downtown Salem, OR
As of September 10, 2025 the best value apartment in the Downtown Salem area is the $1.32 price per square foot 2 Bedroom 2 Bathroom Model at WALLACE PARK APARTMENTS (03) in the in the West Salem neighborhood starting from $1,450. 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. |
|---|---|---|---|
| WALLACE PARK APARTMENTS (03) | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.32 |
| 12th Street Lofts | 2 Beds, 1 bath | 2BR,1BA | $1.38 |
| The Meridian Apartments | 2x1 Balcony | 2BR,1BA | $2.15 |
| 1481 Tripp / Lee Apartments | One Bed | 1BR,1BA | $1.24 |
| Taybin Terrace Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.73 |
| Madison Court Apartments | Studio | Studio ,1BA | $1.58 |
| Rivenwood | Furnished 1X1 | 1BR,1BA | $2.92 |
| Fountain Court | 1/1 Compact | 1BR,1BA | $2.28 |
| South Block Apartments | Studio A2 | Studio ,1BA | $3.03 |
Frequently Asked Questions about Downtown Salem
What type of rentals are currently available in Downtown Salem?
There are currently 183 Apartments for Rent in Downtown Salem, OR with pricing that ranges from $950 to $4,040. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Salem ranging from $800 to $2,495.
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 $800 to $2,495 with an average monthly rent of $1,837.
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.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.