Cheap Apartments for Rent in 97304
51 rentals
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Studio-2 Beds
1 BathRiverbend Terrace Apartments | 1485 Brush College Rd NW #30,
Salem, OR 97304
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PET FRIENDLY$1,325 - $1,400/mo2 Beds1 BathWALLACE PARK APARTMENTS (03) | 540 Wallace Rd NW #225,
Salem, OR 97304
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SPECIAL OFFERPET FRIENDLY$1,425 - $1,675/mo1-2 Beds1-2 BathsRiverbend Apartments | 1253 River Bend Rd NW #312,
Salem, OR 97304
PET FRIENDLYTotal price$1,425 - $1,656/mo1-2 Beds1-2 BathsOrchard Ridge Apartments | 1961 Linwood St NW #259,
Salem, OR 97304
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SPECIAL OFFERPET FRIENDLYTotal price$1,451 - $1,875/mo2-3 Beds2 BathsWillamette Park | 825 Harritt Dr NW #114,
Salem, OR 97304
PET FRIENDLY$1,495 - $1,795/mo1-2 Beds1-2 BathsAspen Grove Apartments | 1962 Wallace Rd NW #309,
Salem, OR 97304
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Average Rent Trends in 97304
Rent in 97304 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Dec 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,345 |
| Jul 2025 | $1,320 |
| Aug 2025 | $1,575 |
| Sep 2025 | $1,673 |
| Oct 2025 | $1,724 |
| Nov 2025 | $1,700 |
| Dec 2025 | $1,775 |
| Jan 2026 | $1,770 |
| Feb 2026 | $1,725 |
| Mar 2026 | $1,725 |
| Apr 2026 | $1,650 |
| May 2026 | $1,573 |
Average Rent By Bedroom and Home Type
In May 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 | $1,125 | $1,450 | $2,160 | $2,845 | $1,528 |
| Townhomes | — | — | $2,450 | — | $2,450 |
| Apartments and Condos | $1,050 | $1,725 | — | $4,975 | $1,295 |
| Houses | — | $1,800 | $2,160 | $3,300 | $2,160 |
Frequently Asked Questions about Rentals in 97304
- What is the average rent in 97304?The average rent in 97304 is $1,528. Rent prices range from $895 to as much as $4,975, depending on the type of rental.
- How does the rent in 97304 compare to the national average?Average rent in 97304 is about 20% lower than the national average rent of $1,910. That means it is less expensive to rent in 97304 compared to the U.S. average.
- What is the average rent in 97304, by number of bedrooms?The average rent in 97304 is $900 for a studio, $1,125 for a 1 bedroom, $1,450 for a 2 bedroom, $2,160 for a 3 bedroom, and $2,845 for a 4 bedroom.
- How have rent prices in 97304 changed compared to last year?In the past year, the average rent price in 97304 has increased by $205. That means the average rent is 13% higher than last year.
- How many available rental listings are in 97304?There are 51 available rental listings in 97304.
- What are some cities near 97304?