1106 Waller St SE
SalemOR97302
Cheap Homes for Rent in South Central Neighborhood of Salem, OR from $1,100 (2 Rentals)
Search the lowest-cost Homes 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.
1118 Waller St SE
SalemOR97302
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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South Central, Salem, OR Local Guide
How much does it cost to rent a home in South Central?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Central 2 Bedroom Homes for Rent | $1,848 | $1,295 | $2,600 |
| South Central 3 Bedroom Homes for Rent | $2,195 | $2,195 | $2,195 |
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the South Central Neighborhood of Salem, OR.
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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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Meridian Apartments | 3x2 | 3BR,2BA | $1.95 |
| Forest Ridge Apartments | Redwood | 2BR,1.5BA | $1.61 |
| Fairmount Park Apartments | 1 Bedroom, 1 Bath Large | 1BR,1BA | $1.40 |
| Towne South Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.44 |
| Liberty Street Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.31 |
| Willamette View Apartments | 87021 | 2BR,1BA | $1.58 |
| Vista Terrace Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.46 |
| Willamette Terrace Apartments | 2BR/1.0BA | 2BR,1BA | $1.92 |
| Waldo Terrace | 1BR/1.0BA | 1BR,1BA | $1.66 |
| 2683 12th Pl SE, Unit 2683 12th Pl. | 2683 12th Pl SE | 1BR,1BA | $1.76 |
Frequently Asked Questions about South Central
What type of rentals are currently available in South Central?
There are currently 120 Apartments for Rent in South Central, OR with pricing that ranges from $995 to $4,040. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Central ranging from $1,100 to $2,600.
What is the current price range for Rental Homes in South Central?
Today's rental pricing for Homes for Rent, Condos and Townhomes in South Central ranges from $1,100 to $2,600 with an average monthly rent of $1,864.
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
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.
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.
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.
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.