Hawthorne Commons
205 Highland Ave,
Salem, MA 01970
$2,449 - $2,939 Total Monthly Price
1-2 Beds
Rental Market Trends in Salem, MA
What is the average rent in Salem, MA?
$2,264/month
Average Rent
697 Sq Ft
Average Apartment Size
+0.6%
Increase in the Last Year
Salem, MA Rental Market Overview
The average rent in Salem, MA is $2,264 per month. This is 38% higher than the national average rent price of $1,644/month, making Salem one of the most expensive cities in the US.
- Studio apartments in Salem average $1,668 per month.
- One-bedroom apartments in Salem average $2,264 per month.
- Two-bedroom apartments in Salem average $2,773 per month.
- Three-bedroom apartments in Salem average $3,261 or more per month.
Data Updated: June, 2026
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Salem, MA?
In the past year, rent has increased by 0.6%, which averages out to $14 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 June 2026
Legend
2025
2026
Rent Ranges in Salem, MA
Last Updated June 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
6%
$700 - $1,000/month
12%
$1,001 - $1,500/month
9%
$1,501 - $2,000/month
74%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Salem?
Based on current rent prices, South Salem, North Salem and Federal Street are the most affordable neighborhoods in Salem.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Salem?
Based on current rent prices, North Shore, Federal Street and North Salem are the most expensive neighborhoods in Salem.
Neighborhood
Average Rent
Average 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 North Salem .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Salem, MA?
Because the average rent in Salem is $2,264, you’ll want to make about $7,546 per month or $90,552 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.
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.
Studio
$2,036/month
$1,788/month
One Bedroom
$2,205/month
$2,330/month
Two Bedroom
$2,616/month
$2,842/month
Three Bedroom
$2,987/month
$3,493/month
Nearby City Rent Trends
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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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.