617 S Prairie Ave
Sioux FallsSD57104
Cheap Homes for Rent in Salem, SD from $700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.
608 S Wisconsin St
MitchellSD57301
716 W Ash Ave
MitchellSD57301
1301 John Deere Cir
MadisonSD57042
223 N Main St
MitchellSD57301
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.
203 S Covell Ave
Sioux FallsSD57104
828 W 2nd Ave
MitchellSD57301
625 S Prairie Ave
Sioux FallsSD57104
1020 E 1st Ave
MitchellSD57301
309 W Washington Ave
HowardSD57349
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.
813 N Kiwanis Ave
Sioux FallsSD57104
Showing Results 1-11, Page 1 of 1
Salem, SD Local Guide
Cornfield in South Dakota near Maccook by Flickr User: Don Graham is licensed under CC BY 2.0
How much does it cost to rent a home in Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Salem 2 Bedroom Homes for Rent | $1,591 | $850 | $3,850 |
| Salem 3 Bedroom Homes for Rent | $1,763 | $1,200 | $2,500 |
| Salem 4 Bedroom Homes for Rent | $1,852 | $1,450 | $2,300 |
| Salem 5 Bedroom Homes for Rent | $2,695 | $2,695 | $2,695 |
Browse Top Homes for Rent in Salem
Explore Salem
Salem, SD Local Guide
- Nearby Cities
- ZIP codes
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Cheapest Available Salem Apartments for Rent and Nearby
The cheapest available apartment rental in Salem, SD is a 1 Bed unit found at West Oaks Estate priced from $399. Forty One Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $510. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| West Oaks Estate | 1 bdr/ 1 bath | 1BR,1BA | $399 |
| Forty One Flats | 1 Bedroom 1 Bathroom | 1BR,1BA | $510 |
| Copper Flats | 2 Bedroom 1 Bathroom | 2BR,2BA | $621 |
| Yukon at Benson | Studio | Studio,1BA | $795 |
| Maple Pass Apartments and Townhomes in Hartford, SD | Rent Special - Studio Apts | Studio,1BA | $825 |
Best Value Apartments for Rent in Salem, SD and Nearby
As of April 16, 2026 the best value apartment in the Salem area is the $1.01 price per square foot 3 Bedroom 2.5 Bathroom Townhome Model at Pinnacle Townhomes in the in the Northwest Sioux Falls neighborhood starting from $1,865. The second greatest value Salem apartment is the 3 Bedroom Model at Lake Area Townhomes starting at $1,450 with a $0.98 price per square foot . Here is today’s list of the best values for Salem apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pinnacle Townhomes | 3 Bedroom 2.5 Bathroom Townhome | 3BR,2.5BA | $1.01 |
| Lake Area Townhomes | 3 Bedroom | 3BR,2.5BA | $0.98 |
| Golden Prairie | 3 Bedroom 2 Bathroom Second Floor | 3BR,2BA | $1.16 |
| Lux North | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.17 |
| Falls Park Apartments | Rushmore | 3BR,2BA | $0.96 |
| Stoney Creek Townhomes | 3 Bedroom 1.5 Bathroom | 3BR,1.5BA | $1.05 |
| Boulder Creek Apartments | 2bd/2ba Remodel | 2BR,2BA | $1.18 |
| West Oaks Estate | 2 bd 2 bath Upper Level Unit | 2BR,2BA | $1.06 |
| Copper Flats | 2 Bedroom 1 Bathroom | 2BR,2BA | $0.78 |
| Forty One Flats | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.85 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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
McCook Central Elementary - 02
Mccook Central School District 43-7
Public School - Grades PK-5 (184)
7 out of 10
McCook Central High School - 01
Mccook Central School District 43-7
Public School - Grades 9-12 (128)
6 out of 10
McCook Central Middle School - 03
Mccook Central School District 43-7
Public School - Grades K-8 (96)
4 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Salem, SD Rentals by Map
See the most popular apartments and homes in Salem, SD
Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 50 Apartments for Rent in Salem, SD with pricing that ranges from $399 to $2,465. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $700 to $3,850.
What is the current price range for Rental Homes in Salem?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Salem ranges from $700 to $3,850 with an average monthly rent of $1,614.
How much are larger Three and Four Bedroom Rentals in Salem?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Salem range from $1,102 to $2,465, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $1,096.
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
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.