Cheap Homes for Rent in Salem, OR from $700 (20 Rentals)

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Salem, OR Local Guide

Cheapest Neighborhoods for Apartments in Salem, OR

Pricing Updated: 11/03/2025

Current apartment rentals in the Salem, OR area range in price from $664 to $4,040 with an overall median price of $2,143. The three Salem neighborhoods with the lowest median rent pricing are Northeast Neighbors at $950, Southeast Salem at $995, and South Salem at $995. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Salem Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Northeast Neighbors$1,450$95022
Southeast Salem$1,474$99510
South Salem$1,495$99516
Faye Wright$1,537$99519
Grant$1,675$95010
Highland$1,785$9508
Morningside$1,795$99522
Keizer$1,800$95057
Northeast Salem$1,845$1,20013
Southeast Mill Creek$1,850$1,12551

Cheapest Available Salem Apartments for Rent

 

The cheapest available apartment rental in Salem, OR is a 1 Bed unit found at Crown Ridge Apartments in the West Salem neighborhood priced from $899. 192-Western Village Apartments in the Highland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crown Ridge Apartments1BR 1 Bath1BR,1BA$899
192-Western Village Apartments1x1 Upstairs1BR,1BA$925
338-Fir Knoll Court Apartments1x11BR,1BA$925
Salem Parkway Apartments1BR 1 Bath1BR,1BA$950
Somerset Apartments1BR 1 Bath East1BR,1BA$950

Best Value Apartments for Rent in Salem, OR

As of November 03, 2025 the best value apartment in the Salem area is the $1.11 price per square foot 4 Bed / 2.5 Bath Townhome Model at INLAND SHORES TOWNHOMES in the in the Outer Keizer neighborhood starting from $2,590. The second greatest value Salem apartment is the Sequoia Model at JFJ Properties starting at $1,373 with a $1.19 price per square foot in the Lansing neighborhood. Here is today’s list of the best values for Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
INLAND SHORES TOWNHOMES4 Bed / 2.5 Bath Townhome4BR,2.5BA$1.11
JFJ PropertiesSequoia2BR,1.5BA$1.19
Southside ApartmentsWasher/Dryer Hookup2BR,1.5BA$1.33
Z_Campus Court Apartments3 Bedroom 1 Bath3BR,1BA$1.28
Sunnyslope Manor3 Bedroom 1 Bath3BR,1BA$1.25
Orchard Park Apartments2 Bedroom 2 Bathroom2BR,2BA$1.20
Brooktree Apartments2BR 1 Bath2BR,1BA$1.30
Lancaster Commons2 Bedroom W2BR,1BA$1.36
Liberty Street Apartments2 Beds, 1 bath2BR,1BA$1.22
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$1.24

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Pet Friendly Lifestyle
Salem, OR

Ranked #9

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Salem, OR

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Salem

What type of rentals are currently available in Salem?

There are currently 852 Apartments for Rent in Salem, OR with pricing that ranges from $664 to $4,040. There are also 116 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $700 to $7,500.

What is the current price range for Rental Homes in Salem?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Salem ranges from $700 to $7,500 with an average monthly rent of $2,877.

How much are larger Three and Four Bedroom Rentals in Salem?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Salem range from $1,450 to $4,040, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,675 to $3,725. Four Bedroom Single-Family rentals are also available starting from $2,095 and Four Bedroom Apartments start at $2,745.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.