Cheap Apartments for Rent in the South Central Neighborhood of Salem, OR from $500 (46 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
$1,199 - $1,899
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $1,899
Total Monthly Price
$1,199 - $1,899
Studio to 1 Bedroom Apartments Available Now

Rivenwood

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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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South Block Apartments
Rent Specials
$1,487 - $3,095
Total Monthly Price

Total Monthly Price

Base Rent
$1,487 - $3,095
Total Monthly Price
Varies
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
  • Utilities Included

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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Courtney Place
1 to 2 Bedroom Apartments

Courtney Place

220 Cottage St NESalem, OR 97301
  • Utilities Included
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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
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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

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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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
Senior Living

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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Showing Results 1-46, 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 Studio unit found at The Metropolitan Building priced from $500. Waldo Terrace 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
The Metropolitan Building0 Bedroom 1 Bath - 76101Studio,1BA$500
Waldo Terrace1BR/1.0BA1BR,1BA$995
Liberty Street Apartments2 Beds, 1 bath2BR,1BA$999
Willamette Terrace Apartments1BR/1.0BA1BR,1BA$1,050
Summit ViewSUM 1X1 Small1BR,1BA$1,125
RivenwoodThe GrainlineStudio,1BA$1,199
Cartwright ApartmentsForgeStudio,1BA$1,199
Cannon Court Apartments2x12BR,1BA$1,250
Willamette View Apartments870212BR,1BA$1,425
Forest Ridge ApartmentsEvergreen2BR,1BA$1,450

Best Value Apartments for Rent in South Central, OR

As of August 04, 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 Evergreen Model at Forest Ridge Apartments starting at $1,450 with a $1.60 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 ApartmentsEvergreen2BR,1BA$1.60
Liberty Street Apartments2 Beds, 1 bath2BR,1BA$1.11
Willamette View Apartments870212BR,1BA$1.61
Cannon Court Apartments2x12BR,1BA$1.47
1380 Saginaw St S, Unit #11380 Saginaw St S2BR,2BA$2.18
Waldo Terrace1BR/1.0BA1BR,1BA$1.66
The Metropolitan Building0 Bedroom 1 Bath - 45009Studio ,1BA$2.28
Willamette Terrace Apartments1BR/1.0BA1BR,1BA$1.84
Summit ViewSUM 1X1 Small1BR,1BA$2.50

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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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 $500.

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 $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 Willamette Terrace Apartments and starts from $1,800.

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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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.