Cheap Apartments for Rent in the South Central Neighborhood of Salem, OR from $800 (40 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
$1,199 - $1,980
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $1,980
Total Monthly Price
$1,199 - $1,980
Studio to 2 Bedroom Apartments Available Now

Rivenwood

424 Center St NESalem, OR 97301
Furnished
  • Verified
  • 3D Tour

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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property at 455 Court St NE

$1,350 - $1,525

Studio To 1 Bedroom Rentals

Available Now

455 Court St NE

SalemOR97301
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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
  • Utilities Included

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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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
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Koz on State
Studio to 2 Bedroom Apartments

Koz on State

260 State StSalem, OR 97301
  • Utilities Included

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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Frances Apartments
Studio to 1 Bedroom Apartments

Frances Apartments

555 Winter St NESalem, OR 97301
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Fountain Court
1 to 2 Bedroom Apartments

Fountain Court

928-990 Fir St SSalem, OR 97302
Senior Living

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-40, 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 2 Beds unit found at Liberty Street Apartments priced from $999. 027-Candalaria Plaza has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,025. Here are the most affordable South Central apartments for rent in Salem, OR:

Apartment ListingModel NameBed/BathPriced From
Liberty Street Apartments2 Beds, 1 bath2BR,1BA$999
027-Candalaria Plaza2x12BR,1BA$1,025
The Lee ApartmentsTLEE - Studio 370Studio,1BA$1,050
RivenwoodThe GrainlineStudio,1BA$1,199
Cartwright ApartmentsForgeStudio,1BA$1,199
Willamette Terrace Apartments2x12BR,1BA$1,200
Cannon Court Apartments2x12BR,1BA$1,250
Vista Terrace Apartments2 Beds, 1 bath2BR,1BA$1,275
The Metropolitan Building0 Bedroom 1 Bath - 45009Studio,1BA$1,325
Fairmount Park Apartments2 Bedroom, 1 Bath2BR,1BA$1,550

Best Value Apartments for Rent in South Central, OR

As of June 19, 2026 the best value apartment in the South Central area is the $1.80 price per square foot 2x1 Balcony Model at The Meridian Apartments in the in the West Salem neighborhood starting from $2,300. The second greatest value South Central apartment is the 2 Bedroom, 1 Bath Model at Fairmount Park Apartments starting at $1,550 with a $1.49 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 Apartments2x1 Balcony2BR,1BA$1.80
Fairmount Park Apartments2 Bedroom, 1 Bath2BR,1BA$1.49
Liberty Street Apartments2 Beds, 1 bath2BR,1BA$1.11
Vista Terrace Apartments2 Beds, 1 bath2BR,1BA$1.46
Cannon Court Apartments2x12BR,1BA$1.47
Willamette Terrace Apartments2x12BR,1BA$1.79
The Metropolitan Building0 Bedroom 1 Bath - 45009Studio ,1BA$2.10
South Block ApartmentsStudio-A-1Studio ,1BA$3.12
RivenwoodThe Grainline- FurnishedStudio ,1BA$3.19
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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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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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 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 Fairmount Park Apartments and starts from $1,750.

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 Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

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

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.