Cheap Apartments for Rent in Salem, SD from $500 (32 Rentals)

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

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Hill Center Apartments
Studio to 2 Bedroom Apartments

Hill Center Apartments

361 S Hill StSalem, SD 57058
  • 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.

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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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Forty One Flats
1 to 4 Bedroom Apartments

Forty One Flats

8701 W 41st StSioux Falls, SD 57106
property at 400 N Main St

$725 - $1,200

1 To 2 Bedroom Rentals

Available Now

400 N Main St

MitchellSD57301
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Cathedral Square II
1 Bedroom Apartments

Cathedral Square II

500 N Langdon StMitchell, SD 57301
Senior Living
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Greenridge Apartments
1 Bedroom Apartments

Greenridge Apartments

1500 N Kimball StMitchell, SD 57301
Senior Living
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-32, Page 1 of 1

Salem, SD Local Guide

Cheapest Available Salem Apartments for Rent and Nearby

 

The cheapest available apartment rental in Salem, SD is a 2 Beds unit found at Forty One Flats priced from $612. Copper Flats has the second lowest priced unit, which is a 2 Beds apartment currently listed from $621. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Forty One Flats2 Bedroom 2 Bathroom2BR,2BA$612
Copper Flats2 Bedroom 2 Bathroom2BR,2BA$621
Hillcrest Heights Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$697
Jefferson Reserve Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$725
Sunset Villas Apartments1 Bed 1 Bath Apartment1BR,1BA$770
Marion Crossing Apartments1 Bed 1 Bath Apartment1BR,1BA$805
University Hills VillageStudio - 559 sqftStudio,1BA$825
Lake Area Townhomes1 Bedroom1BR,1BA$845
Westview Heights Apartments, LLC1Bed/1Bath1BR,1BA$850
Maple Pass Apartments and Townhomes in Hartford, SDStudio ApartmentsStudio,1BA$870

Best Value Apartments for Rent in Salem, SD and Nearby

As of December 25, 2025 the best value apartment in the Salem area is the $1.06 price per square foot 3 Bedrooms, 2 Bathrooms Model at The Brixx Villas in the in the Northwest Sioux Falls neighborhood starting from $1,345. The second greatest value Salem apartment is the 2 Bedroom Model at Lake Area Townhomes starting at $1,275 with a $1.02 price per square foot . Here is today’s list of the best values for Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Brixx Villas3 Bedrooms, 2 Bathrooms3BR,2BA$1.06
Lake Area Townhomes2 Bedroom2BR,2.5BA$1.02
Falls Park ApartmentsRushmore3BR,2BA$0.88
Forty One Flats3 Bedroom 2 Bathroom Accessible3BR,2BA$1.10
West Briar2 Bedroom 1 Bath2BR,1BA$0.87
West Oaks Estates1 bdr/ 1 bath1BR,1BA$1.08
Stoney Creek Townhomes2 Bedroom 1 Bathroom2BR,1BA$1.01
Copper Flats2 Bedroom 2 Bathroom2BR,2BA$0.78
Marion Crossing Apartments1 Bed 1 Bath Apartment1BR,1BA$1.09
Hillcrest Heights Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$1.06

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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Best Local Schools in
Salem, SD

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Salem, SD Rentals by Map

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See the most popular apartments and homes in Salem, SD

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Frequently Asked Questions about Cheap Salem Apartments

What is the Cheapest Studio apartment in Salem?

Currently the most affordable Cheap Studio Apartment in Salem is at University Hills Village listed at $825.

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

The lowest price for a Cheap One Bedroom Salem Apartment is $697 at Hillcrest Heights Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Salem is starting from $612 at Forty One Flats.

What is the most affordable Salem Three Bedroom Apartment?

The best deal on a cheap Salem Three Bedroom Apartment rental is at Forty One Flats and starts from $707.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!