Cheap Apartments for Rent in the South Salem Neighborhood of Salem, OR from $700 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Salem 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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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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Hidden Hills Apartments
Studio to 2 Bedroom Apartments

Hidden Hills Apartments

3640 Liberty Rd SSalem, OR 97302
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Liberty Towers
1 to 3 Bedroom Apartments

Liberty Towers

3652 Liberty Rd SSalem, OR 97302
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Waldo Terrace
1 to 3 Bedroom Apartments

Waldo Terrace

370-388 Waldo Ave SESalem, OR 97302
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Madrona Place
1 to 2 Bedroom Apartments

Madrona Place

345-397 Madrona Ave 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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080-Salem Heights
1 to 2 Bedroom Apartments

080-Salem Heights

131-169 Salem Heights Ave SESalem, OR 97302
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The Arboretum
1 to 2 Bedroom Apartments

The Arboretum

3865 Liberty Rd SSalem, OR 97302
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3417-3438 3rd Ave SE
1 to 3 Bedroom Apartments

3417-3438 3rd Ave SE

3417-3438 3rd Ave SESalem, OR 97302
  • Utilities Included

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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Holiday Hidden Lakes
Studio to 3 Bedroom Apartments

Holiday Hidden Lakes

400 Madrona Ave SESalem, OR 97302
Senior Living
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Showing Results 1-31, Page 1 of 1

South Salem, Salem, OR Local Guide

Cheapest Available South Salem Apartments for Rent

 

The cheapest available apartment rental in the South Salem area of Salem, OR is a 1 Bed unit found at 3441 3rd Ave priced from $1,095. 086-Friendship Court Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here are the most affordable South Salem apartments for rent in Salem, OR:

Apartment ListingModel NameBed/BathPriced From
3441 3rd Ave1 Bed 1 Bath1BR,1BA$1,095
086-Friendship Court Apartments1x11BR,1BA$1,100
Twin Oaks Apartments2BR/1.0BA2BR,1BA$1,250
Silverwood Apartments2BR/2.0BA2BR,2BA$1,350
Willamette View Apartments870212BR,1BA$1,425
Cedar Heights ApartmentsUpstairs Unit2BR,1BA$1,445
Forest Ridge ApartmentsEvergreen2BR,1BA$1,450
Rippling Brook TerraceRIP 2 BEDROOM, 1.5 BATH TOWNHOUSE - SMALL2BR,1BA$1,525
Fairmount Park Apartments2 Bedroom, 1 Bath2BR,1BA$1,550

Best Value Apartments for Rent in South Salem, OR

As of July 30, 2026 the best value apartment in the South Salem area is the $1.49 price per square foot 2 Bedroom, 1 Bath Model at Fairmount Park Apartments in the in the Croisan neighborhood starting from $1,550. The second greatest value South Salem apartment is the 2BR/2.0BA Model at Silverwood Apartments starting at $1,350 with a $1.42 price per square foot in the Sunnyslope neighborhood. Here is today’s list of the best values for South Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fairmount Park Apartments2 Bedroom, 1 Bath2BR,1BA$1.49
Silverwood Apartments2BR/2.0BA2BR,2BA$1.42
Twin Oaks Apartments2BR/1.0BA2BR,1BA$1.37
Forest Ridge ApartmentsEvergreen2BR,1BA$1.60
Rippling Brook TerraceRIP 2 BEDROOM, 1.5 BATH TOWNHOUSE - SMALL2BR,1.5BA$1.69
Willamette View Apartments870212BR,1BA$1.61
Cedar Heights ApartmentsUpstairs Unit2BR,1BA$1.70
1380 Saginaw St S, Unit #11380 Saginaw St S2BR,2BA$2.18
3441 3rd Ave1 Bed 1 Bath1BR,1BA$1.75

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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Pet Friendly Lifestyle
South Salem, Salem, OR

Ranked #18

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap South Salem Apartments

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

The lowest price for a Cheap One Bedroom South Salem Apartment is $1,095 at 3441 3rd Ave.

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

Today's best deal for a Cheap Two Bedroom Apartment in South Salem is starting from $1,250 at Twin Oaks Apartments.

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.

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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.