Cheap Apartments for Rent in the Southeast Salem Neighborhood of Salem, OR from $500 (14 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Southeast Salem area of Salem.

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Peace Street
$1,100 - $1,150
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,150

Total Monthly Price
$1,100 - $1,150
1 Bedroom Apartments Available Now

Peace Street

1291-1381 Peace StSalem, OR 97302
Affordability
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Vista Apartments
Studio Apartments

Vista Apartments

1446-1454 Vista Ave SESalem, OR 97302

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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2319-2347 Lee St SE
1 Bedroom Apartments

2319-2347 Lee St SE

2319-2347 Lee St SESalem, OR 97301
  • Utilities Included
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Oakhill Apartments
1 to 3 Bedroom Apartments

Oakhill Apartments

3837 12th St SESalem, OR 97302
  • Utilities Included
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031-Pringle
2 to 3 Bedroom Apartments

031-Pringle

3138 Pringle Rd SESalem, OR 97302
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AMBERMANOR
2 to 3 Bedroom Apartments

AMBERMANOR

3750-3762 NE Amber StSalem, OR 97301
  • Utilities Included

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.

Southeast Salem, Salem, OR Local Guide

Cheapest Available Southeast Salem Apartments for Rent

 

The cheapest available apartment rental in the Southeast Salem area of Salem, OR is a 1 Bed unit found at 1481 Tripp / Lee Apartments priced from $895. Peace Street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here are the most affordable Southeast Salem apartments for rent in Salem, OR:

Apartment ListingModel NameBed/BathPriced From
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$895
Peace Street1 Bedroom1BR,1BA$1,100
Cedar Crest ApartmentsOne Bedroom1BR,1BA$1,195
Meadowlawn ApartmentsTwo Bedroom, One Bath2BR,1BA$1,250
The Grove ApartmentsWillow1BR,1BA$1,349

Best Value Apartments for Rent in Southeast Salem, OR

As of June 22, 2026 the best value apartment in the Southeast Salem area is the $1.39 price per square foot 2BR/2.5BA Model at AMBERMANOR in the in the East Lancaster neighborhood starting from $1,595. The second greatest value Southeast Salem apartment is the 2/2 Model at Magnolia36 starting at $1,850 with a $2.21 price per square foot in the Morningside neighborhood. Here is today’s list of the best values for Southeast Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
AMBERMANOR2BR/2.5BA2BR,2.5BA$1.39
Magnolia362/22BR,2BA$2.21
1481 Tripp / Lee ApartmentsOne Bed1BR,1BA$1.12
The Grove ApartmentsWillow1BR,1BA$1.80
Meadowlawn ApartmentsOne Bedroom, One Bath1BR,1BA$1.87
Cedar Crest ApartmentsOne Bedroom1BR,1BA$1.71
Peace Street1 Bedroom1BR,1BA$2.10

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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Pet Friendly Lifestyle
Southeast Salem, Salem, OR

Ranked #27

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 Southeast Salem Apartments

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

The lowest price for a Cheap One Bedroom Southeast Salem Apartment is $895 at 1481 Tripp / Lee Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Southeast Salem is starting from $1,250 at Meadowlawn 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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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.

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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.