Cheap Homes for Rent in the North Lancaster Neighborhood of Salem, OR from $1,895 (5 Rentals)

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

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.

property at 4332 Rodeo Dr NE

$2,150

Total Monthly Price

Total Monthly Price

Base Rent
$2,150

Total Monthly Price
$2,150

3 Bedroom, 2 Bath Home for Rent

Available Now

4332 Rodeo Dr NE

SalemOR97305

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.

Cheapest Available North Lancaster Apartments for Rent

 

The cheapest available apartment rental in the North Lancaster area of Salem, OR is a 1 Bed unit found at North Park Apartments priced from $950. Madison Court Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable North Lancaster apartments for rent in Salem, OR:

Apartment ListingModel NameBed/BathPriced From
North Park Apartments1 bedroom1BR,1BA$950
Madison Court ApartmentsStudioStudio,1BA$950
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$995

Best Value Apartments for Rent in North Lancaster, OR

As of August 29, 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 2x2 Model at Howard Commons starting at $1,395 with a $1.32 price per square foot in the East Lancaster 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
Howard Commons2x22BR,2BA$1.32
North Park Apartments2 bedrooms2BR,1BA$1.22
Lancaster Commons2 Bedroom2BR,1BA$1.43
Whispering Pines2 Bedroom 1 Bath - 748972BR,1BA$1.38
Columbia Village Apartments2x12BR,1BA$1.41
Woodland Park Apartments2 Bedroom Flat2BR,1BA$1.36
Cascade View Apartments2 Beds, 1 bath2BR,1BA$1.40
Oakbrook Inn2 bedroom2BR,1BA$1.49
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$1.24

Frequently Asked Questions about North Lancaster

What type of rentals are currently available in North Lancaster?

There are currently 64 Apartments for Rent in North Lancaster, OR with pricing that ranges from $895 to $2,495. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Lancaster ranging from $1,895 to $2,300.

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 $1,895 to $2,300 with an average monthly rent of $2,111.

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

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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.

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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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.