
Cheap Apartments for Rent in the Downtown Salem Neighborhood of Salem, VA from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Salem area of Salem.


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North View Apartments

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The Riverwalk at Salem

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Salem Wood Apartments

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CAMELOT VILLAGE

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The View at 777

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The Crest Apartments
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The Historic Blair Apartments

415 Union St

Academy Court

GreenBrier Apartments

400A-400B Union St

219 W Main St

Chateau Riviera Apartments
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Oak Park Apartments

Salem Commons

Elizabeth Heights Apartments

Easton Gardens

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Brandon Point Apartments

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The Retreat Apartments

Stratford Village
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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.
Downtown Salem, Salem, VA Local Guide

How much does it cost to rent an apartment in Downtown Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Salem Studio Apartments | $1,486 | $1,486 | $1,486 |
| Downtown Salem 1 Bedroom Apartments | $1,662 | $1,099 | $2,255 |
| Downtown Salem 2 Bedroom Apartments | $1,768 | $995 | $3,130 |
| Downtown Salem 3 Bedroom Apartments | $2,008 | $1,465 | $3,701 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Downtown Salem Neighborhood of Salem, VA.
See all Apartments in SalemExplore Salem
Cheapest Available Downtown Salem Apartments for Rent
 The cheapest available apartment rental in the Downtown Salem area of Salem, VA is a 2 Beds unit found at The Historic Blair Apartments priced from $995. CAMELOT VILLAGE has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,120. Here are the most affordable Downtown Salem apartments for rent in Salem, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Historic Blair Apartments | 2BR/1.0BA | 2BR, 1BA | $995 |
| CAMELOT VILLAGE | 2 Bedroom | 2BR, 1BA | $1,120 |
| The Riverwalk at Salem | 2 Bedroom, 1.5 Bath | 2BR, 1BA | $1,215 |
| Salem Wood Apartments | Two Bedroom One Bathroom with Patio | 2BR, 1BA | $1,270 |
| The View at 777 | Two Bedroom A | 2BR, 1BA | $1,344 |
Best Value Apartments for Rent in Downtown Salem, VA
As of September 22, 2026 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 South Washington Heights neighborhood starting from $1,650. The second greatest value Downtown Salem apartment is the The Ridge 2 BR 2 BA Model at The Retreat Apartments in the Peachtree Norwood neighborhood starting at $1,749 with a $1.60 price per square foot. 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 Ridge 2 BR 2 BA | 2BR, 2BA | $1.60 |
| CAMELOT VILLAGE | 3 Bedroom | 3BR, 1.5BA | $1.63 |
| 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 | $1.56 |
| The Crest Apartments | Two Bedroom One Bathroom | 2BR, 1BA | $1.70 |
| The Historic Blair Apartments | 2BR/1.0BA | 2BR, 1BA | $1.42 |
| The View at 777 | One Bedroom | 1BR, 1BA | $2.36 |
Frequently Asked Questions about Cheap Downtown Salem 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 $995 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
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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.