4824 Falcon Ct NE
SalemOR97305
Cheap Homes for Rent in North Lancaster Neighborhood of Salem, OR from $1,900 (2 Rentals)
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.
4359 Rodeo Dr NE
SalemOR97305
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.
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North Lancaster, Salem, OR Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in North Lancaster?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North Lancaster 3 Bedroom Homes for Rent | $2,120 | $1,995 | $2,245 |
| North Lancaster 4 Bedroom Homes for Rent | $2,450 | $2,450 | $2,450 |
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the North Lancaster Neighborhood of Salem, OR.
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Best Value Apartments for Rent in North Lancaster, OR
As of May 30, 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 bed 1 bath - 3rd Floor Model at 12th Street Lofts starting at $1,195 with a $1.22 price per square foot in the Central Area neighborhood. Here is today’s list of the best values for North Lancaster apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Alder Ridge Townhomes | The Folsom | 3BR,2.5BA | $1.41 |
| 12th Street Lofts | 2 bed 1 bath - 3rd Floor | 2BR,1BA | $1.22 |
| Amber Park Apartments | 2x2 | 2BR,2BA | $1.47 |
| Park Place Apartments | 2 Bed 1 Bath Upstairs | 2BR,1BA | $1.15 |
| Lancaster Commons | 2 Bedroom | 2BR,1BA | $1.40 |
| Trinity Terrace Apartments | 2x1 Updated | 2BR,1BA | $1.33 |
| Columbia Village Apartments | 2x1 | 2BR,1BA | $1.41 |
| Cheryl Lynn | Two Bedroom | 2BR,1BA | $1.33 |
| Cascade View Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.40 |
| 1481 Tripp / Lee Apartments | One Bed | 1BR,1BA | $1.12 |
Frequently Asked Questions about North Lancaster
What type of rentals are currently available in North Lancaster?
There are currently 76 Apartments for Rent in North Lancaster, OR with pricing that ranges from $895 to $2,495. There are also 3 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Lancaster ranging from $1,995 to $2,450.
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 $1,995 to $2,450 with an average monthly rent of $2,285.
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
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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.