Cheap Homes for Rent in Salem, VA from $700 (10 Rentals)

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Search the lowest-cost Homes available for rent right now in 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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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: 09/18/2025

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$1,605$98560

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 $899. Cedarwood Apartments in the Deyerle neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $915. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Everett1 Bed 1Bath - 1C1BR,1BA$899
Cedarwood Apartments1BR/1.0BA1BR,1BA$915
The Historic Blair Apartments1BR/1.0BA1BR,1BA$985

Best Value Apartments for Rent in Salem, VA and Nearby

As of September 19, 2025 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 2BR/1.5BA Model at Oak Grove Village Apartments- Close to Lew... starting at $1,149 with a $1.07 price per square foot in the Deyerle 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.
Brandon Point Apartments3BR/2BA Upgraded3BR,2BA$1.38
Oak Grove Village Apartments- Close to Lew...2BR/1.5BA2BR,1.5BA$1.07
West Creek Manor2 Bedroom2BR,1BA$1.07
Northridge VillageB22BR,1.5BA$1.27
The Riverwalk at Salem2 Bedroom, 1.5 Bath2BR,1.5BA$1.28
Salem Wood ApartmentsTwo Bedroom One Bathroom with Den2BR,1BA$1.54
Gardens At Grandin - II1BR/1.0BA1BR,1BA$1.19
The Historic Blair Apartments1BR/1.0BA1BR,1BA$1.52
The Everett1 Bed 1Bath - 1A1BR,1BA$1.40
Cedarwood Apartments1BR/1.0BA1BR,1BA$1.53

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Best Local Schools in
Salem, VA

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Salem, VA Rentals by Map

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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 $725 to $3,561. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $700 to $2,700.

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 $700 to $2,700 with an average monthly rent of $1,540.

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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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.