Cheap Homes for Rent in Salem, VA from $700 (8 Rentals)

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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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Salem, VA Local Guide

Cheapest Neighborhoods for Apartments in Salem, VA

Pricing Updated: 08/03/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Salem$1,839$1,04951

Cheapest Available Salem Apartments for Rent and Nearby

 

The cheapest available apartment rental in Salem, VA is a 1 Bed unit found at The Everett in the Deyerle neighborhood priced from $985. North View Apartments in the Peachtree Norwood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,049. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Everett1 Bed 1Bath - 1A1BR,1BA$985
North View ApartmentsClassic plus1BR,1BA$1,049
The Pines of RoanokeThe Pinewood1BR,1BA$1,054

Best Value Apartments for Rent in Salem, VA and Nearby

As of August 04, 2025 the best value apartment in the Salem area is the $1.28 price per square foot B1 Model at Northridge Village in the in the Peachtree Norwood neighborhood starting from $1,217. The second greatest value Salem apartment is the 2 Bedroom, 1.5 Bath Model at The Riverwalk at Salem starting at $1,215 with a $1.28 price per square foot in the South Washington Heights neighborhood. Here is today’s list of the best values for Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Northridge VillageB12BR,1BA$1.28
The Riverwalk at Salem2 Bedroom, 1.5 Bath2BR,1.5BA$1.28
Salem Wood ApartmentsTwo Bedroom One Bathroom with Den2BR,1BA$1.60
Gardens At Grandin - II2BR/1.0BA2BR,1BA$1.44
The Crest ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.54
The View at 7772x1-B2BR,1BA$1.57
The Pines of RoanokeThe Pinewood1BR,1BA$1.41
The Everett1 Bed 1Bath - 1A1BR,1BA$1.54
801 Westside Blvd NW, Unit D801 Westside Blvd NW1BR,1BA$1.18
820 Westside Blvd NW, Unit 8820 Westside Blvd NW2BR,1BA$1.59

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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 $625 to $4,122. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $745 to $2,800.

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 $745 to $2,800 with an average monthly rent of $1,562.

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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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.

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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.