Cheap Apartments for Rent in Salem, WI from $400 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in Salem.

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.

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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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8216 199th Ave
Studio to 2 Bedroom Apartments

8216 199th Ave

8216 199th AveBristol, WI 53104
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Lakewood Tower
1 to 2 Bedroom Apartments

Lakewood Tower

320 N Milwaukee AveLake Villa, IL 60046
Senior Living
  • Utilities Included

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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11236 258th Ct
1 to 2 Bedroom Apartments

11236 258th Ct

11236 258th CtTrevor, WI 53179
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Silvercrest
1 to 2 Bedroom Apartments

Silvercrest

630-660 S Cogswell DrSilver Lake, WI 53170
  • Utilities Included

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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Showing Results 1-38, Page 1 of 1

Salem, WI Local Guide

Cheapest Available Salem Apartments for Rent and Nearby

 

The cheapest available apartment rental in Salem, WI is a 1 Bed unit found at Tan Oak Apartments priced from $1,099. Lakeview Terrace Apartments in the Grant's Grove neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,400. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Tan Oak Apartments1 Bed 1 Bath Remodeled1BR,1BA$1,099
Lakeview Terrace ApartmentsTwo Bedroom2BR,1BA$1,400
Hidden OakHawthorne2BR,2BA$1,497
The Oaks of Canopy HillSpruce 1A1BR,1BA$1,545
The Reserve At KenoshaS2Studio,1BA$1,609
LEO at Bristol - Single Family Rental Homes1 BR Duplex1BR,1BA$1,699
The Falls at Pike Creek ApartmentsSutherland2BR,2BA$1,710
The Waters at Pike Creek ApartmentsRuby B1BR,1BA$1,715
Seasons at River View1A1BR,1BA$1,755
Breeze Terrace1B1BR,1BA$1,800

Best Value Apartments for Rent in Salem, WI and Nearby

As of June 10, 2026 the best value apartment in the Salem area is the $2.31 price per square foot Cuomo Model at Clublands of Antioch in the in the Heritage Park neighborhood starting from $3,600. The second greatest value Salem apartment is the Accera End Model at Deercrest of Antioch starting at $2,600 with a $1.74 price per square foot in the Grant's Grove 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.
Clublands of AntiochCuomo3BR,2BA$2.31
Deercrest of AntiochAccera End2BR,2.5BA$1.74
West Harbor Residences at Reva Bay2 Beds, 2 baths2BR,2BA$1.52
Inspire Prairie SpringsB22BR,2BA$1.89
Lakeview Terrace ApartmentsTwo Bedroom2BR,1.5BA$1.37
The Falls at Pike Creek ApartmentsWentworth2BR,2BA$1.82
Breeze Terrace1B1BR,1BA$1.99
Seasons at River View1A1BR,1BA$2.24
The Oaks of Canopy HillScarlett 1A1BR,1BA$2.01
Tan Oak Apartments1 Bed 1 Bath Remodeled1BR,1BA$1.69

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.

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

Explore Salem, WI Rentals by Map

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Frequently Asked Questions about Cheap Salem Apartments

How much is rent for a Cheap One Bedroom Salem Apartment?

The lowest price for a Cheap One Bedroom Salem Apartment is $1,099 at Tan Oak Apartments.

What is the lowest price for a Cheap Two Bedroom Salem Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Salem is starting from $1,249 at Tan Oak Apartments.

What is the most affordable Salem Three Bedroom Apartment?

The best deal on a cheap Salem Three Bedroom Apartment rental is at Hidden Oak and starts from $1,848.

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

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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.

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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.

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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.