
Cheap Homes for Rent in Salem, WI from $1,200 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.


441 Linden Ln

19900 128th St

1826 56th St
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.

46 N Lake Ave

905 Main St

8330 Lexington Pl

37439 N Lake Shore Dr
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.

422 Meadow Green Ln
Salem, WI Local Guide

How much does it cost to rent a home in Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Salem 2 Bedroom Homes for Rent | $1,758 | $1,295 | $2,300 |
| Salem 3 Bedroom Homes for Rent | $2,985 | $1,944 | $4,500 |
| Salem 4 Bedroom Homes for Rent | $2,892 | $2,250 | $4,210 |
Browse Top Homes for Rent in Salem
Explore Salem
Salem, WI Local Guide
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Cheapest Available Salem Apartments for Rent and Nearby
 The cheapest available apartment rental in Salem, WI is a 1 Bed unit found at Whitetail Ridge priced from $1,154. Inspire Prairie Springs in the Midlane Club Mews neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,350. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Whitetail Ridge | 1-Bedroom Senior 60% | 1BR,1BA | $1,154 |
| Inspire Prairie Springs | A1 | Studio,1BA | $1,350 |
| Lakeview Terrace Apartments | Two Bedroom | 2BR,1BA | $1,400 |
Best Value Apartments for Rent in Salem, WI and Nearby
As of April 23, 2026 the best value apartment in the Salem area is the $0.97 price per square foot 3 Bedroom Townhome Model at Meadows of Mill Creek PH. 2 in the starting from $1,531. The second greatest value Salem apartment is the Accera Model at Deercrest of Antioch starting at $2,575 with a $1.73 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Meadows of Mill Creek PH. 2 | 3 Bedroom Townhome | 3BR,2BA | $0.97 |
| Deercrest of Antioch | Accera | 2BR,2.5BA | $1.73 |
| West Harbor Residences at Reva Bay | 2 Beds, 2 baths | 2BR,2BA | $1.52 |
| Bristol Cove Apartments LLC | 2BR/1.5BA | 2BR,1.5BA | $1.56 |
| The Residences at Dunham Grove | Two Bedroom Two Bathroom - Upper | 2BR,2BA | $1.49 |
| Hidden Oak | Hawthorne | 2BR,2BA | $1.67 |
| Lakeview Terrace Apartments | Two Bedroom | 2BR,1.5BA | $1.37 |
| The Waters at Pike Creek Apartments | Mesa | 2BR,2BA | $1.95 |
| The Falls at Pike Creek Apartments | Kimball | 1BR,1BA | $1.88 |
| Whitetail Ridge | 1-Bedroom Senior 60% | 1BR,1BA | $1.59 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Salem, WI Rentals by Map
See the most popular apartments and homes in Salem, WI
Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 49 Apartments for Rent in Salem, WI with pricing that ranges from $464 to $4,900. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $1,295 to $4,500.
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 $1,295 to $4,500 with an average monthly rent of $2,283.
How much are larger Three and Four Bedroom Rentals in Salem?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Salem range from $1,152 to $3,970, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,944 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $3,215.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.