Cheap Homes for Rent in Salem, OR from $600 (15 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Salem, OR Local Guide

Cheapest Neighborhoods for Apartments in Salem, OR

Pricing Updated: 02/25/2026

Current apartment rentals in the Salem, OR area range in price from $650 to $3,600 with an overall median price of $2,520. The three Salem neighborhoods with the lowest median rent pricing are Highland at $995, Downtown Salem at $995, and Grant 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
Highland$1,850$9953
Downtown Salem$1,995$9959
Grant$1,995$9957
North Lancaster$2,097$1,8005
South Central Salem$2,100$1,04510
Southeast Salem$2,100$1,0456
South Salem$2,195$1,7254
Northeast Salem$2,200$1,5005
Croisan$2,245$1,9953
Sunnyslope$2,295$1,30013

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 $895. 338-Fir Knoll Court Apartments in the Lansing 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
192-Western Village Apartments1x1 Upstairs1BR,1BA$895
338-Fir Knoll Court Apartments1x11BR,1BA$925
Madison Court ApartmentsStudioStudio,1BA$950
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$995
Mallard Landing1BED1BATH1BR,1BA$995

Best Value Apartments for Rent in Salem, OR

As of February 25, 2026 the best value apartment in the Salem area is the $1.14 price per square foot Sequoia Model at JFJ Properties in the in the Lansing neighborhood starting from $1,307. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
JFJ PropertiesSequoia2BR,1.5BA$1.14
Z_Campus Court Apartments3 Bedroom 1 Bath3BR,1BA$1.28
Southside Apartments2br 1.5 bath2BR,1.5BA$1.31
Orchard Park Apartments2 Bedroom 2 Bathroom2BR,2BA$1.20
North Park Apartments2 bedrooms2BR,1BA$1.22
Brooktree Apartments2BR 1 Bath2BR,1BA$1.35
Royvonne Hills Apartments2x1 Unit 122BR,1BA$1.33
Trinity Terrace Apartments2x1 Updated2BR,1BA$1.33
Liberty Street Apartments2 Beds, 1 bath2BR,1BA$1.31
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$1.24

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 Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Salem, OR Rentals by Map

View Map
Salem, OR Apartments Map
View Map
Salem, OR Rental Homes Map

Frequently Asked Questions about Salem

What type of rentals are currently available in Salem?

There are currently 879 Apartments for Rent in Salem, OR with pricing that ranges from $615 to $4,040. There are also 114 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 $2,150.

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 $1,395 to $4,040, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $3,100. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $1,544.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.