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Rental Market Trends in Salem, MA

What is the average rent in Salem, MA?

$2,152/month

Average Rent

701 Sq Ft

Average Apartment Size

+0.7%

Increase in the Last Year

As of October 2025, the average rent in Salem, MA is $2,152 per month. This is 32% higher than the national average rent price of $1,630/month, making Salem one of the most expensive cities in the US. When you rent an apartment in Salem, you can expect to pay about $1,658 per month for a studio, $2,152 for a one-bedroom apartment, and around $2,636 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,064 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,658/month
378 Sq Ft
One Bedroom
$2,152/month
701 Sq Ft
Two Bedroom
$2,636/month
1,017 Sq Ft
Three Bedroom
$3,064/month
1,208 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$4,292/month
2,422 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,265/month
769 Sq Ft
Two Bedroom
$2,960/month
1,122 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$3,170/month
1,225 Sq Ft

How much has average rent changed in Salem, MA?

In the past year, rent has increased by 0.7%, which averages out to $15 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated October 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Salem, MA
Last Updated October 2025
Above $2,000
Most rental prices fall within this range
Rent Ranges in Salem, MA
Percentage*
Rent Range
0% Below $700/month
6% $700 - $1,000/month
16% $1,001 - $1,500/month
12% $1,501 - $2,000/month
66% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Salem?

Based on current rent prices, South Salem, The Sanctuary and North Shore are the most affordable neighborhoods in Salem.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
South Salem
$2,536/month
728 Sq Ft
The Sanctuary
$2,558/month
758 Sq Ft
North Shore
$2,588/month
742 Sq Ft

What are the most expensive neighborhoods in Salem?

Based on current rent prices, North Shore, The Sanctuary and South Salem are the most expensive neighborhoods in Salem.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
North Shore
$2,588/month
742 Sq Ft
The Sanctuary
$2,558/month
758 Sq Ft
South Salem
$2,536/month
728 Sq Ft

Which Salem neighborhoods have the most rentals available?

The neighborhoods in Salem with the most apartments available are North Shore, South Salem and The Sanctuary .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
North Shore
$2,588/month
742 Sq Ft
South Salem
$2,536/month
728 Sq Ft
The Sanctuary
$2,558/month
758 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Salem, MA?

Because the average rent in Salem is $2,152, you’ll want to make about $7,173 per month or $86,076 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Salem, MA

515 Available Apartments for Rent

Search for Nearby Apartments

How does Salem, MA compare to other nearby cities and neighborhoods?

Use the tool below to compare Salem, MA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Salem, MA

Apartment Averages

South Salem

Salem, MA

North Shore

Salem, MA

Studio
$1,997/month
$1,790/month
One Bedroom
$2,089/month
$2,257/month
Two Bedroom
$2,489/month
$2,741/month
Three Bedroom
$2,337/month
$3,313/month
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Nearby City Rent Trends

  • Beverly Average Rent
  • Swampscott Average Rent
  • Lynn Average Rent
  • Peabody Average Rent

Apartment communities in Salem we think you'll love

Hawthorne Commons

Hawthorne Commons

205 Highland Ave,
Salem, MA 01970

$2,190 - $7,071 Total Monthly Price

1-2 Beds

Lore

Lore

266 Canal St,
Salem, MA 01970

$2,220 - $3,665 Total Monthly Price

Studio - 2 Beds

Sedna Beverly

Sedna Beverly

16 Congress St,
Beverly, MA 01915

$2,950 - $4,400 Plus Fees

1-2 Beds

Amara

Amara

6 Rantoul St,
Beverly, MA 01915

$2,850 - $5,000 Plus Fees

1-2 Beds

Property Management Companies in Salem, MA

Greystar
Greystar
  • 3,429

    Communities

  • 947,442

    Units

  • 870

    Cities

5 Communities in Salem
Willow Bridge
Willow Bridge
  • 705

    Communities

  • 192,071

    Units

  • 327

    Cities

2 Communities in Salem
Peabody Properties
Peabody Properties
  • 22

    Communities

  • 2,086

    Units

  • 16

    Cities

2 Communities in Salem
Winn Companies
Winn Companies
  • 167

    Communities

  • 33,859

    Units

  • 116

    Cities

1 Community in Salem
Bell Partners
Bell Partners
  • 217

    Communities

  • 70,524

    Units

  • 113

    Cities

1 Community in Salem
The Dolben Company
The Dolben Company
  • 61

    Communities

  • 14,336

    Units

  • 45

    Cities

1 Community in Salem
Eagle Rock Properties
Eagle Rock Properties
  • 45

    Communities

  • 10,891

    Units

  • 38

    Cities

1 Community in Salem
Princeton Properties
Princeton Properties
  • 27

    Communities

  • 5,505

    Units

  • 20

    Cities

1 Community in Salem

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United States Massachusetts Salem Rental Trends

Methodology

† 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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity