Cheap Apartments for Rent in Salem, OR
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APPLY INSTANTLYPET FRIENDLY
APPLY INSTANTLYPET FRIENDLY
NEW - 2 DAYS AGOAPPLY INSTANTLYROOM FOR RENT
PET FRIENDLY
NEW - 9 HRS AGOAPPLY INSTANTLY
APPLY INSTANTLYPET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
APPLY INSTANTLYROOM FOR RENT
SPECIAL OFFERPET FRIENDLY
NEW - 6 HRS AGOSPECIAL OFFERPET FRIENDLY
SPECIAL OFFER$1,025 - $1,595/mo
Studio-2 Beds
1 Bath990 Broadway Apartment Homes | 990 Broadway St NE,
Salem, OR 97301
SPECIAL OFFERPET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
SPECIAL OFFER
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Average Rent Trends in Salem, OR
Rent in Salem, OR varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Oct 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Nov 2025 | $1,519 |
| Dec 2025 | $1,545 |
| Jan 2026 | $1,495 |
| Feb 2026 | $1,500 |
| Mar 2026 | $1,495 |
| Apr 2026 | $1,500 |
| May 2026 | $1,450 |
| Jun 2026 | $1,495 |
| Jul 2026 | $1,478 |
| Aug 2026 | $1,500 |
| Sep 2026 | $1,494 |
| Oct 2026 | $1,495 |
Average Rent By Bedroom and Home Type
In October 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,195 | $1,433 | $2,195 | $2,895 | $1,495 |
| Townhomes | $1,495 | $1,625 | $2,000 | — | $1,990 |
| Apartments and Condos | $1,150 | $1,450 | $1,900 | $2,095 | $1,400 |
| Houses | $1,300 | $1,950 | $2,350 | $2,895 | $2,325 |
Frequently Asked Questions about Rentals in Salem, OR
- What is the average rent of an apartment in Salem, OR?The average rent of an apartment in Salem, OR is $1,359 per month. This is about 30% lower than the national average.
- What are the cheapest months to find an apartment to rent in Salem, OR?Last year, the cheapest month to find an apartment to rent was Apr 2025 when it was $1,395 per month.
- How many cheap apartments are available in Salem, OR?There are 267 apartments to rent that are cheaper than the city’s average rent of $1,495.
- When is the average rent most expensive in Salem, OR?In the last year, the average rent in Salem, OR was highest in Oct 2025 when it was $1,550 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Salem, OR?The average rent of a 1 bedroom apartment in Salem, OR is $1,195 per month. That is about $88 more than the cost of a studio apartment.
- What are some neighborhoods in Salem, OR?Some neighborhoods in Salem, OR include: Hayesville, West Salem, South Gateway, Four Corners, Northgate.
- What are some zip codes in Salem, OR?
- What are some cities near Salem, OR?Some nearby cities include: Eola, Keizer, Turner, Labish Village, Aumsville. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Salem, OR - 1,224 Rentas | Trulia