4845 Skylab Ave NE
SalemOR97305
Cheap Homes for Rent in Salem, OR from $695 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.
1118 3rd St NW
SalemOR97304
1204 Commercial St NE
SalemOR97301
1272 Ruge St NW
SalemOR97304
1270 Ruge St NW
SalemOR97304
2486 Simpson St SE
SalemOR97301
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
433 Chemawa Rd N
KeizerOR97303
2486 Simpson St SE
SalemOR97301
4268 Barbara Way NE
SalemOR97305
1466 4th St NE
SalemOR97301
647 Columbia St NE
SalemOR97301
772 Cottage St NE
SalemOR97301
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
669 Arleta Pl NE
KeizerOR97303
Showing Results 1-13, Page 1 of 1
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 | $1,886 | $1,095 | $2,500 |
| Salem 3 Bedroom Homes for Rent | $2,283 | $1,750 | $2,850 |
| Salem 4 Bedroom Homes for Rent | $2,673 | $1,650 | $3,300 |
| Salem 5 Bedroom Homes for Rent | $3,498 | $3,000 | $3,995 |
| Salem 6 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Salem
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Salem, OR Local Guide
- Salem Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Salem, OR
Pricing Updated: 09/09/2026Current apartment rentals in the Salem, OR area range in price from $500 to $4,040 with an overall median price of $1,527. The three Salem neighborhoods with the lowest median rent pricing are Northeast Neighbors at $1,095, Northeast Salem at $1,095, and Southeast Salem at $1,100. 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 Neighbors | $1,095 | $950 | 21 |
| Northeast Salem | $1,095 | $995 | 4 |
| Southeast Salem | $1,100 | $995 | 18 |
| Grant | $1,245 | $900 | 13 |
| Highland | $1,245 | $950 | 9 |
| Morningside | $1,250 | $995 | 27 |
| Lansing | $1,399 | $900 | 116 |
| NOLA | $1,425 | $995 | 38 |
| South Salem | $1,425 | $995 | 5 |
| Faye Wright | $1,447 | $995 | 24 |
Cheapest Available Salem Apartments for Rent
The cheapest available apartment rental in Salem, OR is a Studio unit found at The Metropolitan Building in the West Salem neighborhood priced from $500. 192-Western Village Apartments in the Highland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Metropolitan Building | 0 Bedroom 1 Bath - 76101 | Studio,1BA | $500 |
| 192-Western Village Apartments | 1x1 Upstairs | 1BR,1BA | $795 |
| 338-Fir Knoll Court Apartments | 1x1 | 1BR,1BA | $925 |
| North Park Apartments | 1 bedroom | 1BR,1BA | $950 |
| 144-Rural Court | 1x1 | 1BR,1BA | $950 |
Best Value Apartments for Rent in Salem, OR
As of September 09, 2026 the best value apartment in the Salem area is the $1.32 price per square foot 2x2 Model at Howard Commons in the in the East Lancaster neighborhood starting from $1,395. The second greatest value Salem apartment is the 3 Bedroom 1 Bath Model at Z_Campus Court Apartments starting at $1,342 with a $1.28 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Howard Commons | 2x2 | 2BR,2BA | $1.32 |
| Z_Campus Court Apartments | 3 Bedroom 1 Bath | 3BR,1BA | $1.28 |
| Southside Apartments | 2br 1.5 bath | 2BR,1.5BA | $1.30 |
| North Park Apartments | 2 bedrooms | 2BR,1BA | $1.22 |
| Birchwood | 2BR/1.5BA | 2BR,1.5BA | $1.33 |
| Metro Park Terrace | 2 Bedroom Flat | 2BR,1.5BA | $1.11 |
| Liberty Street Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.11 |
| Royvonne Hills Apartments | Two Bedroom | 1BR,1BA | $1.25 |
| 1481 Tripp / Lee Apartments | One Bed | 1BR,1BA | $1.24 |
| Royal Oaks Apartments | 1 Bedroom - 1 bathroom | 1BR,1BA | $1.31 |
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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
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Salem, ORPopulation: 173,442
Ranked #149
in US Census Population by City
Best Local Schools in Salem, OR
Morningside Elementary School
Salem-Keizer School District 24j
Public School - Grades K-5 (311)
8 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Salem, OR Rentals by Map
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 891 Apartments for Rent in Salem, OR with pricing that ranges from $500 to $4,040. There are also 130 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $695 to $4,500.
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 $695 to $4,500 with an average monthly rent of $2,130.
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 $1,563 to $4,040, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $2,850. Four Bedroom Single-Family rentals are also available starting from $1,650 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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.