Cheap Apartments for Rent in the Downtown Salem Neighborhood of Salem, VA from $500 (21 Rentals)

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

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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415 Union St
Studio Apartments

415 Union St

415 Union StSalem, VA 24153
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Academy Court
2 Bedroom Apartments

Academy Court

113-129 Academy StSalem, VA 24153
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219 W Main St
Studio Apartments

219 W Main St

219 W Main StSalem, VA 24153

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.

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Oak Park Apartments
1 to 3 Bedroom Apartments

Oak Park Apartments

105 Otter AveSalem, VA 24153
  • Utilities Included
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Salem Commons
2 to 3 Bedroom Apartments

Salem Commons

1866 Salem Commons LnSalem, VA 24153
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Easton Gardens
1 to 3 Bedroom Apartments

Easton Gardens

1139 Easton RdSalem, VA 24153
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Stratford Village
1 to 2 Bedroom Apartments

Stratford Village

3780 Stratford Park Dr SWRoanoke, VA 24018

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Downtown Salem, Salem, VA Local Guide

Cheapest Available Downtown Salem Apartments for Rent

 

The cheapest available apartment rental in the Downtown Salem area of Salem, VA is a 1 Bed unit found at The Historic Blair Apartments priced from $895. North View Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,049. Here are the most affordable Downtown Salem apartments for rent in Salem, VA:

Apartment ListingModel NameBed/BathPriced From
The Historic Blair Apartments1BR/1.0BA1BR,1BA$895
North View ApartmentsClassic plus1BR,1BA$1,049
The View at 777One Bedroom1BR,1BA$1,075
CAMELOT VILLAGE2 Bedroom2BR,1BA$1,140
The Riverwalk at Salem2 Bedroom, 1.5 Bath2BR,1BA$1,215

Best Value Apartments for Rent in Downtown Salem, VA

As of November 29, 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 3 Bedroom Model at CAMELOT VILLAGE starting at $1,745 with a $1.63 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Brandon Point Apartments3BR/2BA Upgraded3BR,2BA$1.38
CAMELOT VILLAGE3 Bedroom3BR,1.5BA$1.63
The Riverwalk at Salem2 Bedroom, 1.5 Bath2BR,1.5BA$1.28
Salem Wood ApartmentsTwo Bedroom One Bathroom with Patio2BR,1BA$1.56
The Crest ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.57
The Retreat ApartmentsThe Summit 1 BR 1 BA1BR,1BA$2.03
North View ApartmentsClassic Plus2BR,1BA$1.56
Valleydale ApartmentsA31BR,1BA$2.38
The Historic Blair Apartments2BR/1.0BA2BR,1BA$1.46
The View at 777One Bedroom1BR,1BA$1.86

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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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.

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Pet Friendly Lifestyle
Downtown Salem, Salem, VA

Ranked #1

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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

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 $895 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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.