Luxury Apartments for Rent in Salem, OR
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SPECIAL OFFERPET FRIENDLYTotal price$1,487 - $3,095/mo
Studio-3 Beds
1-2 BathsSouth Block Apartments | 315 Commercial St SE,
Salem, OR 97301
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SPECIAL OFFERPET FRIENDLYTotal price$1,821 - $2,795/mo1-3 Beds1-2 BathsThe Meridian Apartments | 777 Commercial St SE,
Salem, OR 97301
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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 Jul 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Aug 2025 | $1,500 |
| Sep 2025 | $1,533 |
| Oct 2025 | $1,550 |
| 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 | $1,481 |
Average Rent By Bedroom and Home Type
In July 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 | $1,152 | $1,438 | $2,095 | $2,895 | $1,500 |
| Townhomes | $1,420 | $1,995 | $2,160 | — | $2,043 |
| Apartments and Condos | $1,100 | $1,399 | $1,995 | $3,000 | $1,295 |
| Houses | $1,195 | $1,975 | $2,395 | $2,895 | $2,200 |
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 $1,360 per month. This is about 31% lower than the national average.
- When is the average rent cheapest in Salem, OR?In the last year, the average rent in Salem, OR was lowest in Apr 2025 when it was $1,395 per month.
- 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 $1,152 per month. That is about $27 more than the cost of a studio apartment.
- How many available rental listings are in Salem, OR?There are 600 available rental listings in Salem, OR.
- What are some neighborhoods in Salem, OR?
- 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.
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