Cheap Apartments for Rent in the South Central Neighborhood of Salem, OR from $800 (37 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Central 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.

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Rivenwood
Rent Specials
$1,249 - $1,749
Total Monthly Price

Total Monthly Price

Base Rent
$1,249 - $1,749
Total Monthly Price
$1,249 - $1,749
Studio to 1 Bedroom Apartments Available Now

Rivenwood

424 Center St NESalem, OR 97301
Furnished
  • Verified
  • 3D Tour
property at 455 Court St NE

$1,350 - $1,525

Studio To 1 Bedroom Rentals

Available Now

455 Court St NE

SalemOR97301

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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Clark Creek Apartments
Studio to 2 Bedroom Apartments

Clark Creek Apartments

3300 Willow Ct SESalem, OR 97302
  • Utilities Included
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Courtney Place
1 to 2 Bedroom Apartments

Courtney Place

220 Cottage St NESalem, OR 97301
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Waldo Terrace
1 to 3 Bedroom Apartments

Waldo Terrace

370-388 Waldo Ave SESalem, OR 97302
Senior Living
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027-Candalaria Plaza
1 to 3 Bedroom Apartments

027-Candalaria Plaza

396-410 Waldo Ave SESalem, OR 97302
Senior Living

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Koz on State
Studio to 2 Bedroom Apartments

Koz on State

260 State StSalem, OR 97301
  • Utilities Included
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Fountain Court
1 to 2 Bedroom Apartments

Fountain Court

928-990 Fir St SSalem, OR 97302
Senior Living
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Frances Apartments
Studio to 1 Bedroom Apartments

Frances Apartments

555 Winter St NESalem, OR 97301

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-37, Page 1 of 1

South Central, Salem, OR Local Guide

Cheapest Available South Central Apartments for Rent

 

The cheapest available apartment rental in the South Central area of Salem, OR is a 1 Bed unit found at Waldo Terrace priced from $995. Willamette Terrace Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable South Central apartments for rent in Salem, OR:

Apartment ListingModel NameBed/BathPriced From
Waldo Terrace1BR/1.0BA1BR,1BA$995
Willamette Terrace Apartments1x11BR,1BA$995
Liberty Street Apartments1 Bed, 1 bath1BR,1BA$999
Summit ViewSUM 1X1 Small1BR,1BA$1,250
Vista Terrace Apartments2 Beds, 1 bath2BR,1BA$1,275
Towne South Apartments2 Bedroom 1 Bathroom2BR,1BA$1,295
The Metropolitan Building0 Bedroom 1 Bath - 45009Studio,1BA$1,325
South Block ApartmentsStudio A2Studio,1BA$1,390
Willamette View Apartments870212BR,1BA$1,395

Best Value Apartments for Rent in South Central, OR

As of May 05, 2026 the best value apartment in the South Central area is the $1.95 price per square foot 3x2 Model at The Meridian Apartments in the in the West Salem neighborhood starting from $2,795. The second greatest value South Central apartment is the Redwood Model at Forest Ridge Apartments starting at $1,750 with a $1.61 price per square foot in the Croisan neighborhood. Here is today’s list of the best values for South Central apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Meridian Apartments3x23BR,2BA$1.95
Forest Ridge ApartmentsRedwood2BR,1.5BA$1.61
Fairmount Park Apartments1 Bedroom, 1 Bath Large1BR,1BA$1.40
Towne South Apartments2 Bedroom 1 Bathroom2BR,1BA$1.44
Liberty Street Apartments2 Beds, 1 bath2BR,1BA$1.31
Willamette View Apartments870212BR,1BA$1.58
Vista Terrace Apartments2 Beds, 1 bath2BR,1BA$1.46
Willamette Terrace Apartments2BR/1.0BA2BR,1BA$1.92
Waldo Terrace1BR/1.0BA1BR,1BA$1.66
2683 12th Pl SE, Unit 2683 12th Pl.2683 12th Pl SE1BR,1BA$1.76

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Salem. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and the best outdoor access, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap South Central Apartments

What is the Cheapest Studio apartment in South Central?

Currently the most affordable Cheap Studio Apartment in South Central is at The Metropolitan Building listed at $1,325.

How much is rent for a Cheap One Bedroom South Central Apartment?

The lowest price for a Cheap One Bedroom South Central Apartment is $995 at Waldo Terrace.

What is the lowest price for a Cheap Two Bedroom South Central Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Central is starting from $1,175 at Liberty Street Apartments.

What is the most affordable South Central Three Bedroom Apartment?

The best deal on a cheap South Central Three Bedroom Apartment rental is at Willamette Terrace Apartments and starts from $1,650.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.

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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.

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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.