Cheap Homes for Rent in Salem, OR from $600 (13 Rentals)

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Search the lowest-cost Homes available for rent right now in Salem.

property at 2594 Hummingbird St NE

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

1 Bedroom, 1 Bath Home for Rent

Available Now

2594 Hummingbird St NE, Unit Bedroom C

2594 Hummingbird St NE
SalemOR97301

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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.

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Salem, OR Local Guide

Cheapest Neighborhoods for Apartments in Salem, OR

Pricing Updated: 05/31/2026

Current apartment rentals in the Salem, OR area range in price from $895 to $4,040 with an overall median price of $2,134. The three Salem neighborhoods with the lowest median rent pricing are Northeast Salem at $895, Grant at $950, and Northeast Neighbors at $895. 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 Salem$1,297$89521
Grant$1,425$95010
Northeast Neighbors$1,637$89520
Highland$1,750$95012
Croisan Illahe$1,800$99539
Southeast Mill Creek$1,802$1,19951
Four Corners$1,825$89578
East Lancaster$1,850$895113
Outer East$1,885$895199
NOLA$1,895$99560

Cheapest Available Salem Apartments for Rent

 

The cheapest available apartment rental in Salem, OR is a 1 Bed unit found at 192-Western Village Apartments in the Highland neighborhood priced from $845. The Court at Hawthorne in the East Lancaster neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
192-Western Village Apartments1x1 Upstairs1BR,1BA$845
The Court at HawthorneUpstairs 1 bed1BR,1BA$895
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$895
Madison Court ApartmentsStudioStudio,1BA$950
Sunnyslope Manor2 Bedroom 1 Bath2BR,1BA$952

Best Value Apartments for Rent in Salem, OR

As of May 31, 2026 the best value apartment in the Salem area is the $1.28 price per square foot 3 Bedroom 1 Bath Model at Z_Campus Court Apartments in the in the Lansing neighborhood starting from $1,342. The second greatest value Salem apartment is the 2x1 Model at Battle Creek Lodges starting at $1,299 with a $1.30 price per square foot in the Southeast Mill Creek 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.
Z_Campus Court Apartments3 Bedroom 1 Bath3BR,1BA$1.28
Battle Creek Lodges2x12BR,1BA$1.30
12th Street Lofts2 bed 1 bath - 3rd Floor2BR,1BA$1.22
Brooktree Apartments2BR 1 Bath2BR,1BA$1.30
Park Place Apartments2 Bed 1 Bath Upstairs2BR,1BA$1.15
Liberty Street Apartments2 Beds, 1 bath2BR,1BA$1.11
3441 3rd Ave2 Bed 1 bath W/D2BR,1BA$1.16
Royvonne Hills ApartmentsOne Bedroom1BR,1BA$1.24
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$1.12
Sunnyslope Manor2 Bedroom 1 Bath2BR,1BA$1.28

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Salem, OR
Population: 173,442

Ranked #149

in US Census Population by City

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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 878 Apartments for Rent in Salem, OR with pricing that ranges from $895 to $4,040. There are also 101 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $650 to $3,900.

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 $650 to $3,900 with an average monthly rent of $2,134.

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 $1,650 to $3,900. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $1,800.

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

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.