Cheap Apartments for Rent in the South Central Neighborhood of Salem, OR from $500 (37 Rentals)

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

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Rivenwood
Rent Specials
$1,298 - $1,990

Total Monthly Price

Base Rent$1,298 - $1,990

Total Monthly Price$1,298 - $1,990
Studio to 2 Bedroom Apartments Available Now

Rivenwood

424 Center St NESalem, OR 97301
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South Block Apartments
Rent Specials
$1,382 - $3,596

Total Monthly Price

Base Rent$1,382 - $3,596

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

South Block Apartments

315 Commercial St SESalem, OR 97301
Active Lifestyle
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Clark Creek Apartments
Studio to 2 Bedroom Apartments

Clark Creek Apartments

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

Courtney Place

220 Cottage St NESalem, OR 97301
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027-Candalaria Plaza
1 to 3 Bedroom Apartments

027-Candalaria Plaza

396-410 Waldo Ave SESalem, OR 97302
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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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Koz on State
Studio to 2 Bedroom Apartments

Koz on State

260 State StSalem, OR 97301
  • Utilities Included
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Frances Apartments
Studio to 1 Bedroom Apartments

Frances Apartments

555 Winter St NESalem, OR 97301

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080-Salem Heights
1 to 2 Bedroom Apartments

080-Salem Heights

131-169 Salem Heights Ave SESalem, OR 97302
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Fountain Court
1 to 2 Bedroom Apartments

Fountain Court

928-990 Fir St SSalem, OR 97302
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Winter St
1 to 2 Bedroom Apartments

Winter St

2029-2055 Winter St SESalem, OR 97302
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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.

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 Studio unit found at The Metropolitan Building priced from $500. Liberty Street Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $999. Here are the most affordable South Central apartments for rent in Salem, OR:

Apartment ListingModel NameBed/BathPriced From
The Metropolitan Building0 Bedroom 1 Bath - 76101Studio, 1BA$500
Liberty Street Apartments2 Beds, 1 bath2BR, 1BA$999
The Lee ApartmentsTLEE - Studio 370Studio, 1BA$1,050
Willamette Terrace Apartments1BR/1.0BA1BR, 1BA$1,085
Lynwood Apartments1 Bed/1 Bath1BR, 1BA$1,095
Cartwright ApartmentsForgeStudio, 1BA$1,199
Cannon Court Apartments2x12BR, 1BA$1,250
RivenwoodThe Grainline- Income RestrictedStudio, 1BA$1,298
Winter St2BR/1.0BA2BR, 1BA$1,375
South Block ApartmentsStudio-A-1CStudio, 1BA$1,382

Best Value Apartments for Rent in South Central, OR

As of September 18, 2026 the best value apartment in the South Central area is the $1.74 price per square foot 3x2 Model at The Meridian Apartments in the West Salem neighborhood starting from $2,495. The second greatest value South Central apartment is the Redwood Model at Forest Ridge Apartments in the Croisan neighborhood starting at $1,750 with a $1.61 price per square foot. 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$1.74
Forest Ridge ApartmentsRedwood2BR, 1.5BA$1.61
Winter St2BR/1.0BA2BR, 1BA$1.41
Liberty Street Apartments2 Beds, 1 bath2BR, 1BA$1.11
Willamette View Apartments870212BR, 1BA$1.61
Cannon Court Apartments2x12BR, 1BA$1.47
Lynwood Apartments1 Bed/1 Bath1BR, 1BA$1.68
Willamette Terrace Apartments1BR/1.0BA1BR, 1BA$1.94
The Court YardA1-STUStudio, 1BA$3.00
The Lee ApartmentsTLEE - Studio 370Studio, 1BA$2.84

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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 Lee Apartments listed at $1,050.

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

The lowest price for a Cheap One Bedroom South Central Apartment is $999 at Liberty Street Apartments.

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 $999 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 The Meridian Apartments and starts from $2,495.

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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.