Cheap Homes for Rent in Northeast Neighbors Neighborhood of Salem, OR from $1,300 (5 Rentals)

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Search the lowest-cost Homes available for rent right now in the Northeast Neighbors 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.

Northeast Neighbors, Salem, OR Local Guide

Cheapest Available Northeast Neighbors Apartments for Rent

 

The cheapest available apartment rental in the Northeast Neighbors area of Salem, OR is a 1 Bed unit found at 1481 Tripp / Lee Apartments priced from $895. Madison Court Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable Northeast Neighbors apartments for rent in Salem, OR:

Apartment ListingModel NameBed/BathPriced From
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$895
Madison Court ApartmentsStudioStudio,1BA$950
Somerset Apartments1BR 1 Bath East1BR,1BA$999

Best Value Apartments for Rent in Northeast Neighbors, OR

As of June 21, 2026 the best value apartment in the Northeast Neighbors area is the $1.22 price per square foot 2 bed 1 bath - 3rd Floor Model at 12th Street Lofts in the in the Central Area neighborhood starting from $1,195. The second greatest value Northeast Neighbors apartment is the 2 Bedroom Updated Model at Kalani Gardens starting at $1,295 with a $1.44 price per square foot in the East Lancaster neighborhood. Here is today’s list of the best values for Northeast Neighbors apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
12th Street Lofts2 bed 1 bath - 3rd Floor2BR,1BA$1.22
Kalani Gardens2 Bedroom Updated2BR,1BA$1.44
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$1.12
Island Park Apartments2 Bedroom, 1 Bath2BR,1BA$1.68
Murphy Manor Apartments1BR/1.0BA1BR,1BA$1.64
6 Nineteen ApartmentsTwo Bedroom2BR,1BA$2.04
Madison Court ApartmentsStudioStudio ,1BA$1.58
Somerset Apartments1BR 1 Bath East1BR,1BA$1.73

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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Frequently Asked Questions about Northeast Neighbors

What type of rentals are currently available in Northeast Neighbors?

There are currently 147 Apartments for Rent in Northeast Neighbors, OR with pricing that ranges from $895 to $1,825. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Northeast Neighbors ranging from $1,325 to $2,595.

What is the current price range for Rental Homes in Northeast Neighbors?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Northeast Neighbors ranges from $1,325 to $2,595 with an average monthly rent of $1,754.

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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.