2594 Hummingbird St NE, Unit Bedroom C
2594 Hummingbird St NE
SalemOR97301
Cheap Homes for Rent in Salem, OR from $600 (18 Rentals)
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$9751 Bedroom Apartments Available Now
1434 Ferry St SE, Unit 7
1434 Ferry St SESalem, OR 97301
1118 3rd St NW
SalemOR97304
2799 Wallace Rd NW
SalemOR97304
2425 Lansing Ave NE
SalemOR97301
1272 Ruge St NW
SalemOR97304
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.
1270 Ruge St NW
SalemOR97304
1466 4th St NE
SalemOR97301
1204 Commercial St NE
SalemOR97301
4268 Barbara Way NE
SalemOR97305
2485 E Nob Hill St SE
SalemOR97302
647 Columbia 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.
696 Eisenhower Ct NW
SalemOR97304
4327
4327 Arnold St NE
KeizerOR97303
2519 Hyde Ct SE
SalemOR97301
2519-2521 Hyde Ct SE
SalemOR97301
8372 Enchanted Way SE
TurnerOR97392
2150 Nougat Ct SE
SalemOR97306
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Showing Results 1-18, 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 | $1,877 | $1,160 | $2,850 |
| Salem 3 Bedroom Homes for Rent | $2,316 | $1,750 | $3,300 |
| Salem 4 Bedroom Homes for Rent | $2,807 | $1,695 | $3,600 |
| Salem 5 Bedroom Homes for Rent | $2,900 | $2,900 | $2,900 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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: 07/25/2026Current apartment rentals in the Salem, OR area range in price from $500 to $4,040 with an overall median price of $2,218. The three Salem neighborhoods with the lowest median rent pricing are Northeast Neighbors at $950, Grant at $950, and Highland at $950. 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 | $1,310 | $950 | 14 |
| Grant | $1,587 | $950 | 6 |
| Highland | $1,595 | $950 | 8 |
| Northeast Salem | $1,795 | $995 | 8 |
| Four Corners | $1,849 | $995 | 59 |
| East Lancaster | $1,850 | $995 | 87 |
| NOLA | $1,850 | $995 | 40 |
| Southeast Mill Creek | $1,850 | $1,199 | 50 |
| Outer East | $1,990 | $995 | 140 |
| Hayesville | $1,995 | $995 | 69 |
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. Oakhill Apartments in the Sunnyslope neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $786. 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 |
| Oakhill Apartments | 2 bed 1 bath | 2BR,1BA | $786 |
| 192-Western Village Apartments | 1x1 Upstairs | 1BR,1BA | $845 |
| 338-Fir Knoll Court Apartments | 1x1 | 1BR,1BA | $925 |
| Madison Court Apartments | Studio | Studio,1BA | $950 |
Best Value Apartments for Rent in Salem, OR
As of July 26, 2026 the best value apartment in the Salem area is the $1.38 price per square foot 2x1 Model at Stonecreek Duplexes in the in the East Lancaster neighborhood starting from $1,585. The second greatest value Salem apartment is the 2br 1.5bth Model at Southside Apartments starting at $1,325 with a $1.26 price per square foot in the Sunnyslope 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. |
|---|---|---|---|
| Stonecreek Duplexes | 2x1 | 2BR,1BA | $1.38 |
| Southside Apartments | 2br 1.5bth | 2BR,1.5BA | $1.26 |
| Z_Campus Court Apartments | 3 Bedroom 1 Bath | 3BR,1BA | $1.28 |
| Lancaster Terrace Apartments | 3x2 | 3BR,2BA | $1.28 |
| Oakhill Apartments | 2 bed 1 bath | 2BR,1BA | $0.83 |
| Twin Oaks Apartments | 2BR/1.0BA | 2BR,1BA | $1.37 |
| Royvonne Hills Apartments | Two Bedroom | 1BR,1BA | $1.31 |
| Liberty Street Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.11 |
| Sunnyslope Manor | 2 Bedroom 1 Bath | 2BR,1BA | $1.27 |
| 046-Lancaster Court | 1x1 | 1BR,1BA | $1.39 |
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, 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 872 Apartments for Rent in Salem, OR with pricing that ranges from $500 to $4,040. There are also 124 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $650 to $3,600.
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 $3,600 with an average monthly rent of $2,238.
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 $1,495 to $4,040, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $3,300. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $1,995.
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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.