
Cheap Apartments for Rent in the Downtown Salem Neighborhood of Salem, VA from $500 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Salem area of Salem.


The Crest Apartments
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.

The Riverwalk at Salem

North View Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

The Retreat Apartments
Downtown Salem, Salem, VA Local Guide

Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Downtown Salem Neighborhood of Salem, VA.
See all Apartments in SalemExplore Salem
Downtown Salem, Salem, VA Local Guide
- Nearby Salem neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 View at 777 priced from $1,049. The Crest Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,190. Here are the most affordable Downtown Salem apartments for rent in Salem, VA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The View at 777 | 1x1 | 1BR,1BA | $1,049 |
The Crest Apartments | One Bedroom One Bathroom | 1BR,1BA | $1,190 |
The Riverwalk at Salem | 2 Bedroom, 1.5 Bath | 2BR,1BA | $1,215 |
North View Apartments | 2 classic plus | 2BR,1BA | $1,249 |
CAMELOT VILLAGE | 1 Bedroom | 1BR,1BA | $1,285 |
Best Value Apartments for Rent in Downtown Salem, VA
As of June 19, 2025 the best value apartment in the Downtown Salem area is the $1.28 price per square foot 2 Bedroom, 1.5 Bath Model at The Riverwalk at Salem in the in the South Washington Heights neighborhood starting from $1,215. The second greatest value Downtown Salem apartment is the 2 Bedroom TH Model at CAMELOT VILLAGE starting at $1,600 with a $1.78 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. |
---|---|---|---|
The Riverwalk at Salem | 2 Bedroom, 1.5 Bath | 2BR,1.5BA | $1.28 |
CAMELOT VILLAGE | 2 Bedroom TH | 2BR,1.5BA | $1.78 |
Salem Wood Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.61 |
The View at 777 | 2x1-A | 2BR,1BA | $1.43 |
North View Apartments | Reno | 2BR,1BA | $1.82 |
The Crest Apartments | One Bedroom One Bathroom | 1BR,1BA | $2.05 |
Valleydale Apartments | S1 | Studio ,1BA | $2.46 |
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.
Pet Friendly LifestyleDowntown Salem, Salem, VA
Ranked #1
Among neighborhoods in Salem, VA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet 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.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.