Cheap Apartments for Rent in Salem, VA from $400 (42 Rentals)

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The Riverwalk at Salem
$1,215 - $1,485
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,215 - $1,485

Total Monthly Price
Varies
2 to 3 Bedroom Apartments Available Now

The Riverwalk at Salem

1650 Lancing DrSalem, VA 24153
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The Crest Apartments
$1,225 - $3,305
Total Monthly Price

Total Monthly Price

Base Rent
$1,225 - $3,305

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Crest Apartments

128 Rutledge DrSalem, VA 24153
Corporate Housing
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  • Customer Reviewed
  • Utilities Included
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Salem Wood Apartments
$1,240 - $2,985
Total Monthly Price

Total Monthly Price

Base Rent
$1,170 - $2,915
Required Monthly Fees
$70

Total Monthly Price
$1,240 - $2,985
2 Bedroom Apartments Available Now

Salem Wood Apartments

100 KIMBALL AveSalem, VA 24153
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The View at 777
$1,264 - $2,814
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,185 - $2,735
Required Monthly Fees
$79

Total Monthly Price
$1,264 - $2,814
1 to 3 Bedroom Apartments Available Now

The View at 777

777 Roanoke BlvdSalem, VA 24153
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property at 432 Roanoke Blvd

$1,300

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Townhome for Rent

Available Aug 1

432 Roanoke Blvd, Unit 432 B

432 Roanoke Blvd
SalemVA24153
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34-48 Goodwin Ave
1 to 2 Bedroom Apartments

34-48 Goodwin Ave

34-48 Goodwin AveSalem, VA 24153

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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415 Union St
Studio Apartments

415 Union St

415 Union StSalem, VA 24153
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Oak Park Apartments
1 to 3 Bedroom Apartments

Oak Park Apartments

105 Otter AveSalem, VA 24153
  • Utilities Included
property at 1516 King St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

1516 King St

SalemVA24153
property at 615 S Colorado St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1.5 Bath Home for Rent

Available Now

615 S Colorado St

SalemVA24153
property at 809 Westside Blvd NW

$671

Total Monthly Price

Total Monthly Price

Base Rent
$671

Total Monthly Price
$671

1 Bedroom, 1 Bath Home for Rent

Available Now

809 Westside Blvd NW

RoanokeVA24017
property at 813 Westside Blvd NW

$696

Total Monthly Price

Total Monthly Price

Base Rent
$696

Total Monthly Price
$696

1 Bedroom, 1 Bath Home for Rent

Available Now

813 Westside Blvd NW

RoanokeVA24017

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.

property at 817 Westside Blvd NW

$696

Total Monthly Price

Total Monthly Price

Base Rent
$696

Total Monthly Price
$696

1 Bedroom, 1 Bath Home for Rent

Available Now

817 Westside Blvd NW

RoanokeVA24017
property at 802 Westside Blvd NW

$716

Total Monthly Price

Total Monthly Price

Base Rent
$716

Total Monthly Price
$716

1 Bedroom, 1 Bath Home for Rent

Available Now

802 Westside Blvd NW

RoanokeVA24017
property at 3720 Panorama Ave NW

$823 - $878

Total Monthly Price

Total Monthly Price

Base Rent
$878

Total Monthly Price
$878

2 Bedroom Rentals

Available Now

3720 Panorama Ave NW

RoanokeVA24017
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The Cove Apartments
$964 - $1,160
Total Monthly Price

Total Monthly Price

Base Rent
$909 - $1,105
Required Monthly Fees
$55

Total Monthly Price
$964 - $1,160
2 to 3 Bedroom Apartments Available Jul 30

The Cove Apartments

3816 Panorama Ave NWRoanoke, VA 24017
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West Creek Manor
$1,025 - $1,385
Total Monthly Price

Total Monthly Price

Base Rent
$975 - $1,335
Required Monthly Fees
$50

Total Monthly Price
$1,025 - $1,385
1 to 3 Bedroom Apartments Available Now

West Creek Manor

410-1 Westside Blvd NWRoanoke, VA 24017
Furnished
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  • Utilities Included

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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The Pines of Roanoke
$1,275 - $3,569
Total Monthly Price

Total Monthly Price

Base Rent
$1,267 - $3,561
Required Monthly Fees
$8

Total Monthly Price
$1,275 - $3,569
1 to 3 Bedroom Apartments Available Now

The Pines of Roanoke

4630 Roxbury Ln SWRoanoke, VA 24018
Corporate Housing
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832 Westside
1 to 2 Bedroom Apartments

832 Westside

832 NW Westside BlvdRoanoke, VA 24017
  • Utilities Included
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Ashton Heights
1 to 3 Bedroom Apartments

Ashton Heights

3530 Dona Dr NWRoanoke, VA 24017
  • Utilities Included
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El Ray Apartments
1 to 2 Bedroom Apartments

El Ray Apartments

2627 Westover Ave SWRoanoke, VA 24015
  • Utilities Included
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Greenbrier West
1 Bedroom Apartments

Greenbrier West

4102-4112 Virginia Ave NWRoanoke, VA 24017
  • Utilities Included
property at 1624 Chapman Ave SW

$799

Total Monthly Price

Total Monthly Price

Base Rent
$799

Total Monthly Price
$799

1 Bedroom, 1 Bath Home for Rent

Available Now

1624 Chapman Ave SW

RoanokeVA24016
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The Ridge
1 to 3 Bedroom Apartments

The Ridge

2920 Brandon Ave SWRoanoke, VA 24015
  • Utilities Included

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.

property at 821 Salem Ave SW

$870 - $1,495

Total Monthly Price

Total Monthly Price

Base Rent
$870

Total Monthly Price
$870

Studio To 2 Bedroom Rentals

Available Jun 25

821 Salem Ave SW

RoanokeVA24016
property at 717 Orange Ave NW

$895

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

1 Bedroom, 1 Bath Home for Rent

Available Now

717 Orange Ave NW

RoanokeVA24016
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Cedarwood Apartments
1 Bedroom Apartments

Cedarwood Apartments

4138 Crest Hill DrRoanoke, VA 24018
  • Utilities Included
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Brandon West
2 Bedroom Apartments

Brandon West

2754 Brandon Ave SWRoanoke, VA 24015
  • Utilities Included
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Bridgeway Gardens
2 Bedroom Apartments

Bridgeway Gardens

2307-2317 Memorial Ave SWRoanoke, VA 24015
  • Utilities Included
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The Everett
1 to 3 Bedroom Apartments

The Everett

4301 Garst Mill RdRoanoke, VA 24018
  • Utilities Included
property at 3816 Dakota Ave NW

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

3816 Dakota Ave NW

RoanokeVA24017
property at 745 Queen Ave NW

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

745 Queen Ave NW

RoanokeVA24012

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.

property at 829 Centre Ave NW

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Jul 1

829 Centre Ave NW

RoanokeVA24016
property at 1234 Pechin Ave SE

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available Feb 1, 2027

1234 Pechin Ave SE

RoanokeVA24013

Salem, VA Local Guide

Cheapest Neighborhoods for Apartments in Salem, VA

Pricing Updated: 06/23/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Salem$1,564$99529

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 ListingModel NameBed/BathPriced From
Cedarwood Apartments1BR/1.0BA1BR,1BA$915
The Historic Blair Apartments2BR/1.0BA2BR,1BA$995
The Everett1 Bed, 1 Bath A Income-Restricted1BR,1BA$1,009
North View ApartmentsClassic plus1BR,1BA$1,049
Gardens At Grandin - II2BR/1.0BA2BR,1BA$1,125
West Creek Manor2 Bedroom2BR,1BA$1,169
The Riverwalk at Salem2 Bedroom, 1.5 Bath2BR,1BA$1,215
Northridge VillageB12BR,1BA$1,217
The View at 777Two Bedroom B2BR,1BA$1,299
CAMELOT VILLAGE2 Bedroom2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Brandon Point Apartments3BR/2BA Upgraded3BR,2BA$1.38
The Crest ApartmentsThree Bedroom Two Bathroom3BR,2BA$1.37
Gardens At Grandin - II2BR/1.0BA2BR,1BA$1.07
West Creek Manor2 Bedroom2BR,1BA$1.11
The View at 777Three Bedroom3BR,1BA$1.60
Northridge VillageB12BR,1BA$1.28
The Riverwalk at Salem2 Bedroom, 1.5 Bath2BR,1.5BA$1.28
Langdon Square2x22BR,2BA$1.55
The Historic Blair Apartments2BR/1.0BA2BR,1BA$1.42
Cedarwood Apartments1BR/1.0BA1BR,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.

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

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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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Pet-Friendly Renting: Everything You Need to Know Before You Move

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