Cheap Apartments for Rent in 97303
91 rentals
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PET FRIENDLY$1,429 - $1,695/mo
1-2 Beds
1-2 BathsCherry City Crossing-Premier Community in Keizer, Oregon | 3960 Cherry Ave NE,
Salem, OR 97303
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PET FRIENDLY$1,475 - $1,700/mo2 Beds1 BathReflections Hidden Creek Apartments | 6700 Hidden Creek Loop NE,
Salem, OR 97303
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Average Rent Trends in 97303
Rent in 97303 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Aug 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,617 |
| Oct 2025 | $1,550 |
| Nov 2025 | $1,585 |
| Dec 2025 | $1,581 |
| Jan 2026 | $1,695 |
| Feb 2026 | $1,650 |
| Mar 2026 | $1,635 |
| Apr 2026 | $1,635 |
| May 2026 | $1,552 |
| Jun 2026 | $1,525 |
| Jul 2026 | $1,510 |
| Aug 2026 | $1,581 |
Average Rent By Bedroom and Home Type
In August 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,225 | $1,481 | $2,350 | $3,444 | $1,550 |
| Townhomes | — | $1,950 | $2,445 | — | $2,445 |
| Apartments and Condos | $1,295 | $1,450 | $2,350 | — | $1,450 |
| Houses | — | $1,525 | $2,399 | $3,444 | $2,399 |
Frequently Asked Questions about Rentals in 97303
- What is the average rent of an apartment in 97303?The average rent of an apartment in 97303 is $1,673 per month. This is about 15% lower than the national average.
- When is the average rent cheapest in 97303?In the last year, the average rent in 97303 was lowest in Apr 2025 when it was $1,438 per month.
- When is the average rent most expensive in 97303?In the last year, the average rent in 97303 was highest in Sep 2025 when it was $1,617 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 97303?The average rent of a 1 bedroom apartment in 97303 is $1,225 per month. That is about $250 more than the cost of a studio apartment.
- How many available rental listings are in 97303?There are 90 available rental listings in 97303.
- What are some cities near 97303?
View this page in Spanish: Apartamentos baratos en renta en 97303 - 182 Rentas | Trulia