
Cheap Homes for Rent in Salem, SD from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.


1301 John Deere Cir

3506 S Sertoma Ave

309 W Washington Ave

7021 56th St

115 N Sanborn Blvd
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.

104 Haley Pl

216 E 11th Ave

908 E 3rd Ave

1012 N Main Ave

350 N Main Ave
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.

415 N Sanborn Blvd
Salem, SD Local Guide

How much does it cost to rent a home in Salem?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Salem 2 Bedroom Homes for Rent | $1,342 | $999 | $1,850 |
Salem 3 Bedroom Homes for Rent | $1,702 | $899 | $2,650 |
Salem 4 Bedroom Homes for Rent | $2,011 | $1,450 | $2,795 |
Salem 5 Bedroom Homes for Rent | $2,700 | $2,700 | $2,700 |
Browse Top Homes for Rent in Salem
Explore Salem
Salem, SD Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Salem Apartments for Rent and Nearby
 The cheapest available apartment rental in Salem, SD is a 1 Bed unit found at Copper Flats priced from $480. 41st Street Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $770. Here is today’s list of the most affordable Salem apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Copper Flats | 1 Bedroom 1 Bathroom | 1BR,1BA | $480 |
41st Street Commons | Flat Style 1 Bed/1Bath | 1BR,1BA | $770 |
Lake Area Townhomes | 1 Bedroom | 1BR,1BA | $820 |
University Hills Village | Studio - 559 sqft | Studio,1BA | $825 |
West Oaks Estates | Efficiency Unit | Studio,1BA | $849 |
Best Value Apartments for Rent in Salem, SD and Nearby
As of September 07, 2025 the best value apartment in the Salem area is the $0.97 price per square foot 3 Bedroom Model at Lake Area Townhomes in the starting from $1,500. The second greatest value Salem apartment is the 3 Bed 2 Bath Townhome Model at Maple Pass Apartments & Townhomes starting at $1,535 with a $1.14 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. |
---|---|---|---|
Lake Area Townhomes | 3 Bedroom | 3BR,2.5BA | $0.97 |
Maple Pass Apartments & Townhomes | 3 Bed 2 Bath Townhome | 3BR,2BA | $1.14 |
Fifth Street Apartments & Townhouses | Upper Apartment | 3BR,2BA | $1.20 |
Falls Park Apartments | Rushmore | 3BR,2BA | $0.87 |
Boulder Creek Townhomes | 2bd2ba | 2BR,2BA | $1.10 |
Copper Flats | 3 Bedroom 2 Bathroom | 3BR,2BA | $0.96 |
West Briar | 2 Bedroom 1 Bath | 2BR,1BA | $1.01 |
Sunset Villas Apartments | 2 Bed 2 Bath Apartment | 2BR,2BA | $1.14 |
Stoney Creek Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.07 |
Marion Crossing Apartments | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.20 |
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.
Best Local Schools in Salem, SD
McCook Central Elementary - 02
McCook Central High School - 01
McCook Central Middle School - 03
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 47 Apartments for Rent in Salem, SD with pricing that ranges from $399 to $3,491. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $725 to $2,795.
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 $725 to $2,795 with an average monthly rent of $1,613.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.