Cheap Apartments for Rent in Salem, SD

5 rentals

Apartments For Rent Near Salem, SD

We found 30 more apartments matching your filters just outside Salem

Average Rent Trends in Salem, SD

Rent in Salem, SD varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Oct 2026 compared to the previous month. Rent previously peaked in Aug 2025.
MonthAverage rent
Nov 2025$625
Dec 2025$625
Jan 2026$625
Feb 2026$489
Mar 2026$633
Apr 2026$633
May 2026$703
Jun 2026$690
Jul 2026$610
Aug 2026$600
Sep 2026$600
Oct 2026$703
View as a graph

Average Rent By Bedroom and Home Type

1 bed2 beds3 beds4 bedsAll
All home types$600$715——$703
Townhomes—$1,299——$1,299
See more information about local market trends in Salem, SD

Frequently Asked Questions about Rentals in Salem, SD

  • What is the average rent of an apartment in Salem, SD?
    The average rent of an apartment in Salem, SD is $625 per month. This is about 68% lower than the national average.
  • What are the cheapest months to find an apartment to rent in Salem, SD?
    Last year, the cheapest month to find an apartment to rent was Jan 2025 when it was $489 per month.
  • How many cheap apartments are available in Salem, SD?
    There are 3 apartments to rent that are cheaper than the city’s average rent of $703.
  • When is the average rent most expensive in Salem, SD?
    In the last year, the average rent in Salem, SD was highest in Aug 2025 when it was $625 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Salem, SD?
    The average rent of a 1 bedroom apartment in Salem, SD is $600 per month. That is about $0 more than the cost of a studio apartment.
  • What are some neighborhoods in Salem, SD?
    Some neighborhoods in Salem, SD include: Golden View Colony.
  • What are some zip codes in Salem, SD?
    Salem, SD includes zip codes such as: 57058.
  • What are some cities near Salem, SD?
    Some nearby cities include: Montrose, Spencer, Canova, Canistota, Farmer. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Salem, SD - 40 Rentas | Trulia