1624 Chapman Ave SW
RoanokeVA24016
Cheap Homes for Rent in Salem, VA from $700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.
821 Salem Ave SW
RoanokeVA24016
717 Orange Ave NW
RoanokeVA24016
1516 King St
SalemVA24153
3816 Dakota Ave NW
RoanokeVA24017
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
635 Riverland Rd SE
RoanokeVA24014
829 Centre Ave NW
RoanokeVA24016
745 Queen Ave NW
RoanokeVA24012
615 S Colorado St
SalemVA24153
1234 Pechin Ave SE
RoanokeVA24013
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.
432 Roanoke Blvd, Unit 432 B
432 Roanoke Blvd
SalemVA24153
Showing Results 1-11, Page 1 of 1
Salem, VA Local Guide
Roanoke College by roanokecollege is licensed under CC BY 2.0
How much does it cost to rent a home in Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Salem 2 Bedroom Homes for Rent | $1,446 | $1,100 | $2,250 |
| Salem 3 Bedroom Homes for Rent | $1,717 | $1,395 | $2,595 |
| Salem 4 Bedroom Homes for Rent | $2,950 | $2,220 | $3,550 |
| Salem 5 Bedroom Homes for Rent | $2,047 | $1,895 | $2,200 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Salem, VA Local Guide
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Cheapest Neighborhoods for Apartments in Salem, VA
Pricing Updated: 06/20/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Salem | $1,559 | $995 | 31 |
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 $915. The Historic Blair Apartments in the Downtown Salem neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedarwood Apartments | 1BR/1.0BA | 1BR,1BA | $915 |
| The Historic Blair Apartments | 2BR/1.0BA | 2BR,1BA | $995 |
| The Everett | 1 Bed, 1 Bath A Income-Restricted | 1BR,1BA | $1,009 |
| North View Apartments | Classic plus | 1BR,1BA | $1,049 |
| Gardens At Grandin - II | 1BR/1.0BA | 1BR,1BA | $1,075 |
Best Value Apartments for Rent in Salem, VA
As of June 20, 2026 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 Three Bedroom Two Bathroom Model at The Crest Apartments starting at $1,445 with a $1.36 price per square foot in the Peachtree Norwood neighborhood. Here is today’s list of the best values for 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 Crest Apartments | Three Bedroom Two Bathroom | 3BR,2BA | $1.36 |
| West Creek Manor | 2 Bedroom | 2BR,1BA | $1.11 |
| Northridge Village | B1 | 2BR,1BA | $1.28 |
| The Riverwalk at Salem | 2 Bedroom, 1.5 Bath | 2BR,1.5BA | $1.28 |
| Langdon Square | 2x2 | 2BR,2BA | $1.55 |
| The View at 777 | Two Bedroom B | 2BR,1BA | $1.58 |
| Gardens At Grandin - II | 1BR/1.0BA | 1BR,1BA | $1.34 |
| The Historic Blair Apartments | 2BR/1.0BA | 2BR,1BA | $1.42 |
| Cedarwood Apartments | 1BR/1.0BA | 1BR,1BA | $1.53 |
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
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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.
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Best Local Schools in Salem, VA
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Salem, VA Rentals by Map
See the most popular apartments and homes in Salem, VA
Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 83 Apartments for Rent in Salem, VA with pricing that ranges from $696 to $3,569. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $799 to $3,550.
What is the current price range for Rental Homes in Salem?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Salem ranges from $799 to $3,550 with an average monthly rent of $1,704.
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
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.