• Renter Tools
    • Favorites
    • Saved Searches
  • Manage Rentals
  • Apartments For Rent
  • Houses For Rent
  • Condos For Rent
  • Townhomes For Rent
  • Help Center
  • Area Guide
  • Rent Calculator
  • Property Management Companies
English

Language

English Español
Apartments.com Logo
Manage Rentals      Sign Up / Sign In
Add a Property

Rental Market Trends in Salem, OR

Updated September 2026

The average rent in Salem, OR is $1,198/month.

Rent in Salem is 28% lower than the national average rent of $1,665/month, making this one of the less expensive cities statewide.

$1,198/month

Average Rent

652 Sq Ft

Average Size

+0.1%

Change / Year

724

Available Apartments

Salem rent varies by unit size and layout:

  • Studio apartments in Salem average $1,258 per month.
  • One-bedroom apartments in Salem average $1,198 per month.
  • Two-bedroom apartments in Salem average $1,407 per month.
  • Three-bedroom apartments in Salem average $1,865 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,258/month
458 Sq Ft
One Bedroom
$1,198/month
652 Sq Ft
Two Bedroom
$1,407/month
912 Sq Ft
Three Bedroom
$1,865/month
1,165 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,260/month
405 Sq Ft
Two Bedroom
$1,887/month
932 Sq Ft
Three Bedroom
$2,273/month
1,366 Sq Ft
Four Bedroom
$3,031/month
2,325 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$1,954/month
814 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$2,047/month
1,126 Sq Ft
Three Bedroom
$2,275/month
1,355 Sq Ft
View Salem Apartments

How much has average rent changed in Salem, OR?

In the past year, rent has increased by 0.1%, which averages out to $2 more per month.

Market Trends Over Time

September 2026

2025 2026
Market Trends Over Time

Rent Ranges in Salem, OR

September 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Salem, OR
Percentage*
Rent Range
5% Below $700/month
20% $700 - $1,000/month
55% $1,001 - $1,500/month
18% $1,501 - $2,000/month
3% Above $2,000/month

Rent by Neighborhood

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Salem?

Based on current rent prices, Northeast Neighbors, Morningside and North Lancaster are the most affordable neighborhoods in Salem.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Northeast Neighbors
$1,095/month
655 Sq Ft
Morningside
$1,153/month
633 Sq Ft
North Lancaster
$1,212/month
672 Sq Ft
South Gateway
$1,302/month
727 Sq Ft
Hayesville
$1,315/month
673 Sq Ft
South Central
$1,448/month
626 Sq Ft
East Lancaster
$1,469/month
671 Sq Ft
West Salem
$1,501/month
713 Sq Ft
Cliffmoor Village
$1,638/month
695 Sq Ft
Downtown Salem
$1,685/month
703 Sq Ft

What are the most expensive neighborhoods in Salem?

Based on current rent prices, Downtown Salem, Cliffmoor Village and West Salem are the most expensive neighborhoods in Salem.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Salem
$1,685/month
703 Sq Ft
Cliffmoor Village
$1,638/month
695 Sq Ft
West Salem
$1,501/month
713 Sq Ft
East Lancaster
$1,469/month
671 Sq Ft
South Central
$1,448/month
626 Sq Ft
Hayesville
$1,315/month
673 Sq Ft
South Gateway
$1,302/month
727 Sq Ft
North Lancaster
$1,212/month
672 Sq Ft
Morningside
$1,153/month
633 Sq Ft
Northeast Neighbors
$1,095/month
655 Sq Ft

Which Salem neighborhoods have the most rentals available?

The neighborhoods in Salem with the most apartments available are South Central, Hayesville and West Salem .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
South Central
$1,448/month
626 Sq Ft
Hayesville
$1,315/month
673 Sq Ft
West Salem
$1,501/month
713 Sq Ft
Downtown Salem
$1,685/month
703 Sq Ft
Morningside
$1,153/month
633 Sq Ft
East Lancaster
$1,469/month
671 Sq Ft
South Gateway
$1,302/month
727 Sq Ft
Cliffmoor Village
$1,638/month
695 Sq Ft
North Lancaster
$1,212/month
672 Sq Ft
Northeast Neighbors
$1,095/month
655 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Salem is $1,198, you’ll want to make about $3,993 per month or $47,916 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, OR

724 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Salem, OR 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 Guide

Apartment Averages

Northeast Neighbors

Salem, OR

Downtown Salem

Salem, OR

Studio
$935/month
$1,227/month
One Bedroom
$1,044/month
$1,319/month
Two Bedroom
$1,229/month
$1,988/month
Three Bedroom
$1,693/month
$3,035/month
View Rentals
View Rentals

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Keizer

    Keizer

    Avg Rent: $1,203/month

  • Turner

    Turner

    Avg Rent: $1,401/month

  • Independence

    Independence

    Avg Rent: $1,466/month

  • Monmouth

    Monmouth

    Avg Rent: $932/month

  • Silverton

    Silverton

    Avg Rent: $1,304/month

Apartment Communities in Salem We Think You'll Love

Eastpark Apartment Homes

Eastpark Apartment Homes

102 Greencrest St NE,
Salem, OR 97301

Studio - 3 Beds | $1,340 - $2,210

Vista Pointe

Vista Pointe

1830-1882 Wiltsey Rd SE,
Salem, OR 97306

1-3 Beds | $1,454 - $1,785

Willamette Terrace Apartments

Willamette Terrace Apartments

357 Owens St S,
Salem, OR 97302

1-2 Beds | $1,085 - $1,200

Reserve at Hawk's Ridge

Reserve at Hawk's Ridge

1569 Whitaker Dr SE,
Salem, OR 97317

1-3 Beds | $1,399 - $1,849

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

Manage Your Rentals

Guides for Managing Your Rental

Five Things to Know About Buying Multiple Rental Properties

Grow beyond one rental with smarter financing habits.

Rental Property Operating Expenses: What They Are and How to Track Them

Close out the year with a landlord to-do list.

How to Calculate Rental Income

Count rental income correctly with a quick breakdown.

How to Invest in Real Estate with Little Money

Invest in real estate with little cash up front.

Explore Rental Manager Resources

Frequently Asked Questions

What is the average rent in Salem?

The average rent in Salem is $1,198 per month, which is 28.0% lower 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, OR is $2,273 per month.

What is the average rent for a townhome in Salem?

The average rent for a townhome in Salem, OR is $2,047 per month.

Are rents going up or down in Salem?

Rents in Salem, OR are increasing, with prices up 0.1% year-over-year and $2 more per month.

What rent range is most common in Salem?

In Salem, OR, 55% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

United States Oregon 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 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.

  • About Us
  • Advertise
  • Legal Notices
  • Privacy Notice
  • Avoid Scams
  • Accessibility
  • Blog
  • Sitemap
apartments.com
© 2026 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity