
Cheap Homes for Rent in Salem, OR from $600 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.


3444 Glen Creek Rd NW

1120 3rd St NW

1118 3rd St NW

2799 Wallace Rd NW

3444 Glen Creek Rd NW
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.

1172 12th St NE

2425 Lansing Ave NE

1204 Commercial St NE

4133-4145 Campbell Dr SE

2485 E Nob Hill St SE

1345 Waller St SE
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.

647 Columbia St NE
Salem, OR Local Guide

How much does it cost to rent a home in Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Salem 2 Bedroom Homes for Rent | $1,899 | $1,195 | $2,800 |
| Salem 3 Bedroom Homes for Rent | $2,356 | $1,650 | $3,900 |
| Salem 4 Bedroom Homes for Rent | $2,639 | $1,695 | $3,395 |
| Salem 5 Bedroom Homes for Rent | $3,298 | $2,850 | $3,595 |
Browse Top Homes for Rent in Salem
Explore Salem
Salem, OR Local Guide
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Cheapest Neighborhoods for Apartments in Salem, OR
Pricing Updated: 05/31/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Northeast Salem | $1,297 | $895 | 21 |
| Grant | $1,425 | $950 | 10 |
| Northeast Neighbors | $1,637 | $895 | 20 |
| Highland | $1,750 | $950 | 12 |
| Croisan Illahe | $1,800 | $995 | 39 |
| Southeast Mill Creek | $1,802 | $1,199 | 51 |
| Four Corners | $1,825 | $895 | 78 |
| East Lancaster | $1,850 | $895 | 113 |
| Outer East | $1,885 | $895 | 199 |
| NOLA | $1,895 | $995 | 60 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 192-Western Village Apartments | 1x1 Upstairs | 1BR,1BA | $845 |
| The Court at Hawthorne | Upstairs 1 bed | 1BR,1BA | $895 |
| 1481 Tripp / Lee Apartments | One Bed | 1BR,1BA | $895 |
| Madison Court Apartments | Studio | Studio,1BA | $950 |
| Sunnyslope Manor | 2 Bedroom 1 Bath | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Z_Campus Court Apartments | 3 Bedroom 1 Bath | 3BR,1BA | $1.28 |
| Battle Creek Lodges | 2x1 | 2BR,1BA | $1.30 |
| 12th Street Lofts | 2 bed 1 bath - 3rd Floor | 2BR,1BA | $1.22 |
| Brooktree Apartments | 2BR 1 Bath | 2BR,1BA | $1.30 |
| Park Place Apartments | 2 Bed 1 Bath Upstairs | 2BR,1BA | $1.15 |
| Liberty Street Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.11 |
| 3441 3rd Ave | 2 Bed 1 bath W/D | 2BR,1BA | $1.16 |
| Royvonne Hills Apartments | One Bedroom | 1BR,1BA | $1.24 |
| 1481 Tripp / Lee Apartments | One Bed | 1BR,1BA | $1.12 |
| Sunnyslope Manor | 2 Bedroom 1 Bath | 2BR,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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Salem, ORPopulation: 173,442
Ranked #149
in US Census Population by City
Best Local Schools in Salem, OR
Morningside Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Salem, OR
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

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.

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.

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.

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.