Cheap Homes for Rent in North Lancaster Neighborhood of Salem, OR from $1,300 (3 Rentals)

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Search the lowest-cost Homes available for rent right now in the North Lancaster area of Salem.

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.

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.

Best Value Apartments for Rent in North Lancaster, OR

As of April 15, 2026 the best value apartment in the North Lancaster area is the $1.41 price per square foot The Folsom Model at Alder Ridge Townhomes in the in the Northgate neighborhood starting from $2,400. The second greatest value North Lancaster apartment is the 2 bedrooms Model at North Park Apartments starting at $1,295 with a $1.32 price per square foot in the Northgate neighborhood. Here is today’s list of the best values for North Lancaster apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Alder Ridge TownhomesThe Folsom3BR,2.5BA$1.41
North Park Apartments2 bedrooms2BR,1BA$1.32
Park Place Apartments2 Bed 1 Bath Downstairs2BR,1BA$1.29
Lancaster Commons2 Bedroom W2BR,1BA$1.45
Trinity Terrace Apartments2x1 Updated2BR,1BA$1.33
Columbia Village Apartments2x12BR,1BA$1.41
Cheryl LynnTwo Bedroom2BR,1BA$1.39
Cascade View Apartments2 Beds, 1 bath2BR,1BA$1.40
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$1.12
Mallard Landing1BED1BATH1BR,1BA$1.41

Frequently Asked Questions about North Lancaster

What type of rentals are currently available in North Lancaster?

There are currently 71 Apartments for Rent in North Lancaster, OR with pricing that ranges from $895 to $2,495. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Lancaster ranging from $1,350 to $2,100.

What is the current price range for Rental Homes in North Lancaster?

Today's rental pricing for Homes for Rent, Condos and Townhomes in North Lancaster ranges from $1,350 to $2,100 with an average monthly rent of $1,686.

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 What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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.