Cheap Homes for Rent in Salem, OR from $800 (25 Rentals)

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Salem, OR Local Guide

Cheapest Neighborhoods for Apartments in Salem, OR

Pricing Updated: 09/18/2025

Current apartment rentals in the Salem, OR area range in price from $898 to $4,040 with an overall median price of $2,159. The three Salem neighborhoods with the lowest median rent pricing are Morningside at $995, Highland at $899, and Grant at $950. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Salem Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Morningside$1,399$99520
Highland$1,450$8996
Grant$1,522$9509
Northeast Neighbors$1,550$89924
Southeast Salem$1,550$99519
Faye Wright$1,595$99512
South Salem$1,595$9957
Keizer$1,847$89948
Four Corners$1,849$89842
Southeast Mill Creek$1,849$89859

Cheapest Available Salem Apartments for Rent

 

The cheapest available apartment rental in Salem, OR is a 1 Bed unit found at Salem Parkway Apartments in the Northgate neighborhood priced from $899. Crown Ridge Apartments in the West Salem neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Salem Parkway Apartments1BR 1 Bath1BR,1BA$899
Crown Ridge Apartments1BR 1 Bath1BR,1BA$899
Somerset Apartments1BR 1 Bath East1BR,1BA$899
192-Western Village Apartments1x1 Upstairs1BR,1BA$925
Madison Court ApartmentsStudioStudio,1BA$950

Best Value Apartments for Rent in Salem, OR

As of September 18, 2025 the best value apartment in the Salem area is the $1.11 price per square foot 4 Bed / 2.5 Bath Townhome Model at INLAND SHORES TOWNHOMES in the in the Outer Keizer neighborhood starting from $2,590. The second greatest value Salem apartment is the 2BR/1.5BA Model at Lancaster Townhomes starting at $1,495 with a $1.36 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.
INLAND SHORES TOWNHOMES4 Bed / 2.5 Bath Townhome4BR,2.5BA$1.11
Lancaster Townhomes2BR/1.5BA2BR,1.5BA$1.36
Villa Caprice2 bed / 1.5 bath2BR,1.5BA$1.38
Z_Campus Court Apartments3 Bedroom 1 Bath3BR,1BA$1.28
Southside ApartmentsWasher/Dryer Hookup2BR,1.5BA$1.36
Battle Creek Lodge Apartments2 BEDROOM2BR,1BA$1.30
12th Street Lofts2 Beds, 1 bath2BR,1BA$1.38
Brooktree Apartments2BR 1 Bath2BR,1BA$1.24
Silverwood Apartments2BR/2.0BA2BR,2BA$1.36
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$1.24

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.

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Pet Friendly Lifestyle
Salem, OR

Ranked #9

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Salem, OR

School data provided by Great Schools

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

Explore Salem, OR Rentals by Map

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Frequently Asked Questions about Salem

What type of rentals are currently available in Salem?

There are currently 849 Apartments for Rent in Salem, OR with pricing that ranges from $898 to $4,040. There are also 127 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $800 to $7,500.

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 $800 to $7,500 with an average monthly rent of $2,882.

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 $1,725 to $3,495. Four Bedroom Single-Family rentals are also available starting from $2,295 and Four Bedroom Apartments start at $2,745.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.