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Cheap Apartments for Rent in the Downtown Salem Neighborhood of Salem, VA from $500 (4 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Salem area of Salem.
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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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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.
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Downtown Salem, Salem, VA Local Guide
Roanoke College by roanokecollege is licensed under CC BY 2.0
How much does it cost to rent an apartment in Downtown Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Salem Studio Apartments | $1,437 | $1,437 | $1,437 |
| Downtown Salem 1 Bedroom Apartments | $1,427 | $985 | $1,842 |
| Downtown Salem 2 Bedroom Apartments | $1,573 | $1,025 | $2,400 |
| Downtown Salem 3 Bedroom Apartments | $1,722 | $1,340 | $2,965 |
Browse Apartments in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Downtown Salem Neighborhood of Salem, VA.
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Downtown Salem, Salem, VA Local Guide
- Nearby Salem neighborhoods
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Best Value Apartments for Rent in Downtown Salem, VA
As of October 10, 2025 the best value apartment in the Downtown 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 Downtown Salem apartment is the The Peak 2 BR 2 BA Model at The Retreat Apartments starting at $1,686 with a $1.69 price per square foot in the Peachtree Norwood neighborhood. Here is today’s list of the best values for Downtown 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 Retreat Apartments | The Peak 2 BR 2 BA | 2BR,2BA | $1.69 |
| The Riverwalk at Salem | 2 Bedroom, 1.5 Bath | 2BR,1.5BA | $1.28 |
| Salem Wood Apartments | Two Bedroom One Bathroom with Den | 2BR,1BA | $1.41 |
| The Crest Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.54 |
| CAMELOT VILLAGE | 2 Bedroom | 2BR,1BA | $1.66 |
| North View Apartments | Reno | 2BR,1BA | $1.89 |
| Valleydale Apartments | A3 | 1BR,1BA | $2.38 |
| The Historic Blair Apartments | 1BR/1.0BA | 1BR,1BA | $1.52 |
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Pet Friendly LifestyleDowntown Salem, Salem, VA
Ranked #1
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Downtown Salem Neighborhood in Salem, VA
Walk Score®
82 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
56 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Downtown Salem Apartments
How much is rent for a Cheap One Bedroom Downtown Salem Apartment?
The lowest price for a Cheap One Bedroom Downtown Salem Apartment is $985 at The Historic Blair Apartments.
What is the lowest price for a Cheap Two Bedroom Downtown Salem Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Salem is starting from $1,025 at The Historic Blair Apartments.
What is the most affordable Downtown Salem Three Bedroom Apartment?
The best deal on a cheap Downtown Salem Three Bedroom Apartment rental is at The Riverwalk at Salem and starts from $1,385.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.
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.