Cheap Apartments for Rent in Salem, VA from $400 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
34-48 Goodwin Ave
1 to 2 Bedroom Apartments

34-48 Goodwin Ave

34-48 Goodwin AveSalem, VA 24153
close
View Me
415 Union St
Studio Apartments

415 Union St

415 Union StSalem, VA 24153
close
View Me
832 Westside
1 to 2 Bedroom Apartments

832 Westside

832 NW Westside BlvdRoanoke, VA 24017
  • 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.

close
View Me
Ashton Heights
1 to 3 Bedroom Apartments

Ashton Heights

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

El Ray Apartments

2627 Westover Ave SWRoanoke, VA 24015
  • Utilities Included
close
View Me
Colonial Yorktown
1 to 3 Bedroom Apartments

Colonial Yorktown

2920 Brandon Ave SWRoanoke, VA 24015
  • Utilities Included
close
View Me
Greenbrier West
1 Bedroom Apartments

Greenbrier West

4102-4112 Virginia Ave NWRoanoke, VA 24017
  • Utilities Included
close
View Me
Brandon West
2 Bedroom Apartments

Brandon West

2754 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.

Salem, VA Local Guide

Cheapest Neighborhoods for Apartments in Salem, VA

Pricing Updated: 11/02/2025

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$1,550$92530

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 $895. The Cove Apartments in the Peachtree Norwood neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $916. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedarwood Apartments1BR/1.0BA1BR,1BA$895
The Cove Apartments2x12BR,1BA$916
The Historic Blair Apartments1BR/1.0BA1BR,1BA$925
The Everett2 Bed, 1 Bath A Income-Restricted2BR,1BA$949
Gardens At Grandin - II1BR/1.0BA1BR,1BA$995

Best Value Apartments for Rent in Salem, VA

As of November 02, 2025 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 2 Bed, 1 Bath B Income-Restricted Model at The Everett starting at $1,174 with a $1.14 price per square foot in the Deyerle 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 Everett2 Bed, 1 Bath B Income-Restricted2BR,1BA$1.14
Northridge VillageB12BR,1BA$1.28
The Riverwalk at Salem2 Bedroom, 1.5 Bath2BR,1.5BA$1.28
West Creek Manor3 Bedroom3BR,1BA$1.33
Salem Wood ApartmentsTwo Bedroom One Bathroom with Den2BR,1BA$1.48
Gardens At Grandin - II1BR/1.0BA1BR,1BA$1.11
The Cove Apartments2x12BR,1BA$1.15
The Historic Blair Apartments2BR/1.0BA2BR,1BA$1.46
Cedarwood Apartments1BR/1.0BA1BR,1BA$1.49

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

Read Article
Decorative image

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 Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Salem, VA Rentals by Map

View Map
Salem, VA Apartments Map
View Map
Salem, VA Rental Homes Map

Getting Around Salem, VA

Walk Score®

43 / 100

Car-Dependent

Most errands require a car

Bike Score®

36 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

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 $895 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 $916 at The Cove Apartments.

What is the most affordable Salem Three Bedroom Apartment?

The best deal on a cheap Salem Three Bedroom Apartment rental is at West Creek Manor and starts from $1,260.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.