Amara
6 Rantoul St,
Beverly, MA 01915
1-2 Beds | $2,799 - $3,999
Rental Market Trends in Salem, MA
Updated September 2026
The average rent in Salem, MA is $2,318/month.
Rent in Salem is 39% higher than the national average rent of $1,665/month, making this one of the more expensive cities statewide.
$2,318/month
Average Rent
697 Sq Ft
Average Size
+4.1%
Change / Year
350
Available Apartments
Salem rent varies by unit size and layout:
- Studio apartments in Salem average $1,745 per month.
- One-bedroom apartments in Salem average $2,318 per month.
- Two-bedroom apartments in Salem average $2,836 per month.
- Three-bedroom apartments in Salem average $3,269 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Salem, MA?
In the past year, rent has increased by 4.1%, which averages out to $95 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Salem, MA
September 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
6%
$700 - $1,000/month
11%
$1,001 - $1,500/month
11%
$1,501 - $2,000/month
72%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Salem?
Based on current rent prices, South Salem, North Shore and North Salem 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, Federal Street, North Salem and North Shore 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 $2,318, you’ll want to make about $7,726 per month or $92,712 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.
View the Salem Area GuideStudio
$2,151/month
$1,791/month
One Bedroom
$2,238/month
$2,361/month
Two Bedroom
$2,651/month
$2,805/month
Three Bedroom
$2,993/month
$3,452/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Beverly
Avg Rent: $2,491/month
-
Swampscott
Avg Rent: $2,457/month
-
Lynn
Avg Rent: $1,866/month
-
Peabody
Avg Rent: $2,249/month
-
Danvers
Avg Rent: $2,408/month
-
Nahant
Avg Rent: $2,426/month
Apartment Communities in Salem We Think You'll Love
Rental Management, Simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Guides for Managing Your Rental
Frequently Asked Questions
What is the average rent in Salem?
The average rent in Salem is $2,318 per month, which is 39.2% higher than the national average of $1,665.
What is the average rent for a house in Salem?
The average rent for a house in Salem, MA is $3,875 per month.
What is the average rent for a condo in Salem?
The average rent for a condo in Salem, MA is $2,297 per month.
Are rents going up or down in Salem?
Rents in Salem, MA are increasing, with prices up 4.1% year-over-year and $95 more per month.
What rent range is most common in Salem?
In Salem, MA, 72% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
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 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.