Rivenwood
424 Center St NE,
Salem, OR 97301
$1,295 - $2,025
Studio - 2 Beds
Positioned right next door to the Oregon State Capitol in Downtown Salem, Willamette University is a legendary school that helped establish the West Coast’s proud tradition of academic excellence. Serving the people of Oregon since 1842, this historic institution is the oldest university in the western United States. A small population of fewer than 3,000 students reaps the benefits of a first-rate liberal arts education, with noteworthy programs dedicated to law, management, and education. Thanks to the close proximity to the state capitol building, students are also able to see the inner workings of Oregon’s government first-hand. The area surrounding Willamette University is filled with great ways to spend your off-time. Downtown Salem sits just to the west, offering a wide range of terrific restaurants, bars, coffeehouses, specialty shops, theaters, and music venues. Riverfront City Park provides excellent scenic views of the Willamette River, just a short walk from the university. To the east, State Street is lined with popular hangouts, including an eclectic array of dining options perfect for an off-campus lunch. The nearby neighborhoods contain a diverse selection of apartments, houses, and condos easily within walking distance.
As of February 2026, the average apartment rent in Salem, OR is $1,254 for a studio, $1,202 for one bedroom, $1,396 for two bedrooms, and $1,874 for three bedrooms. Apartment rent in Salem has decreased by -0.3% in the past year.
Studio
450 sq ft
Average Sq Ft
$1,254/month
Average Rent
1 BR
659 sq ft
Average Sq Ft
$1,202/month
Average Rent
2 BR
915 sq ft
Average Sq Ft
$1,396/month
Average Rent
3 BR
1,167 sq ft
Average Sq Ft
$1,874/month
Average Rent
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Public
Grades K-5
344 Students
Public
Grades K-5
324 Students
Brush College Elementary School
Public
Grades K-5
307 Students
Public
Grades K-5
304 Students
Public
Grades K-5
254 Students
Public
Grades 6-8
810 Students
Public
Grades 6-8
743 Students
Public
Grades 6-8
798 Students
Public
Grades 6-8
670 Students
Public
Grades 6-8
561 Students
Public
Grades 9-12
1,779 Students
Public
Grades 9-12
1,733 Students
Public
Grades 9-12
2,256 Students
Public
Grades 9-12
2,239 Students
Public
Grades 9-12
2,311 Students
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.