
Cheap Apartments for Rent in Salem, VA from $400 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in Salem.


North View Apartments

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The Riverwalk at Salem

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The Crest Apartments

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Salem Wood Apartments

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The View at 777

432 Roanoke Blvd, Unit 432 B

34-48 Goodwin Ave
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.

Chateau Riviera Apartments

Elizabeth Heights Apartments

415 Union St

Oak Park Apartments

1516 King St

615 S Colorado St

809 Westside Blvd NW

813 Westside Blvd NW
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.

817 Westside Blvd NW

802 Westside Blvd NW

3720 Panorama Ave NW

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The Cove Apartments

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West Creek Manor

Gardens At Grandin - II

Northridge Village

Oak Grove Village Apartments
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.

Total Monthly Price
The Pines of Roanoke

832 Westside

Ashton Heights

El Ray Apartments

Mountain View Terrace Apartments

Greenbrier West

1624 Chapman Ave SW

The Ridge
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.

821 Salem Ave SW

717 Orange Ave NW

Cedarwood Apartments

Brandon West

Bridgeway Gardens

The Everett

3816 Dakota Ave NW

745 Queen Ave NW
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.

829 Centre Ave NW

1234 Pechin Ave SE
Salem, VA Local Guide

How much does it cost to rent an apartment in Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Salem Studio Apartments | $1,374 | $1,374 | $1,374 |
| Cheap Salem 1 Bedroom Apartments | $1,378 | $671 | $2,602 |
| Cheap Salem 2 Bedroom Apartments | $1,573 | $878 | $2,915 |
| Cheap Salem 3 Bedroom Apartments | $1,945 | $1,310 | $3,569 |
Browse Top Apartments in Salem
See all Apartments in SalemExplore Salem
Salem, VA Local Guide
- Salem Neighborhoods
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Cheapest Neighborhoods for Apartments in Salem, VA
Pricing Updated: 06/23/2026Current apartment rentals in the Salem, VA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Salem Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Salem | $1,564 | $995 | 29 |
Cheapest Available Salem Apartments for Rent
 The cheapest available apartment rental in Salem, VA is a 1 Bed unit found at Cedarwood Apartments in the Deyerle neighborhood priced from $915. The Historic Blair Apartments in the Downtown Salem neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedarwood Apartments | 1BR/1.0BA | 1BR,1BA | $915 |
| The Historic Blair Apartments | 2BR/1.0BA | 2BR,1BA | $995 |
| The Everett | 1 Bed, 1 Bath A Income-Restricted | 1BR,1BA | $1,009 |
| North View Apartments | Classic plus | 1BR,1BA | $1,049 |
| Gardens At Grandin - II | 2BR/1.0BA | 2BR,1BA | $1,125 |
| West Creek Manor | 2 Bedroom | 2BR,1BA | $1,169 |
| The Riverwalk at Salem | 2 Bedroom, 1.5 Bath | 2BR,1BA | $1,215 |
| Northridge Village | B1 | 2BR,1BA | $1,217 |
| The View at 777 | Two Bedroom B | 2BR,1BA | $1,299 |
| CAMELOT VILLAGE | 2 Bedroom | 2BR,1BA | $1,350 |
Best Value Apartments for Rent in Salem, VA
As of June 23, 2026 the best value apartment in the Salem area is the $1.38 price per square foot 3BR/2BA Upgraded Model at Brandon Point Apartments in the in the South Washington Heights neighborhood starting from $1,650. The second greatest value Salem apartment is the Three Bedroom Two Bathroom Model at The Crest Apartments starting at $1,455 with a $1.37 price per square foot in the Peachtree Norwood neighborhood. 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. |
|---|---|---|---|
| Brandon Point Apartments | 3BR/2BA Upgraded | 3BR,2BA | $1.38 |
| The Crest Apartments | Three Bedroom Two Bathroom | 3BR,2BA | $1.37 |
| Gardens At Grandin - II | 2BR/1.0BA | 2BR,1BA | $1.07 |
| West Creek Manor | 2 Bedroom | 2BR,1BA | $1.11 |
| The View at 777 | Three Bedroom | 3BR,1BA | $1.60 |
| Northridge Village | B1 | 2BR,1BA | $1.28 |
| The Riverwalk at Salem | 2 Bedroom, 1.5 Bath | 2BR,1.5BA | $1.28 |
| Langdon Square | 2x2 | 2BR,2BA | $1.55 |
| The Historic Blair Apartments | 2BR/1.0BA | 2BR,1BA | $1.42 |
| Cedarwood Apartments | 1BR/1.0BA | 1BR,1BA | $1.53 |
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 ArticleReal 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.
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.
Best Local Schools in Salem, VA
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Salem, VA Rentals by Map
See the most popular apartments and homes in Salem, VA
Frequently Asked Questions about Cheap Salem Apartments
How much is rent for a Cheap One Bedroom Salem Apartment?
The lowest price for a Cheap One Bedroom Salem Apartment is $915 at Cedarwood 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 $995 at The Historic Blair Apartments.
What is the most affordable Salem Three Bedroom Apartment?
The best deal on a cheap Salem Three Bedroom Apartment rental is at The Riverwalk at Salem and starts from $1,385.
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

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.

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.

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.

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.