Cheap Apartments for Rent in Salem, CT from $700 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Salem.

Showing Results 1-12, Page 1 of 1

Salem, CT Local Guide

Cheapest Available Salem Apartments for Rent and Nearby

 

The cheapest available apartment rental in Salem, CT is a 1 Bed unit found at Oxoboxo Lofts in the Northeast New London Norwich neighborhood priced from $922. Mohegan Commons Apartments in the Northeast New London Norwich neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oxoboxo Lofts1 Bedroom1BR,1BA$922
Mohegan Commons ApartmentsThe Village - 1 Bedroom1BR,1BA$1,000
85 Main StStudioStudio,1BA$1,175
The Terraces Apartments1 Bedroom1BR,1BA$1,250
The Lofts at Ponemah MillsPM2cL-T2BR,2BA$1,346

Best Value Apartments for Rent in Salem, CT and Nearby

As of March 14, 2025 the best value apartment in the Salem area is the $1.57 price per square foot Parker Model at The Edgewater in the in the South Lyme neighborhood starting from $3,395. The second greatest value Salem apartment is the Anchor Townhome Model at The Cove at Gateway Commons starting at $3,795 with a $1.94 price per square foot in the Southwest New London Lyme neighborhood. Here is today’s list of the best values for Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The EdgewaterParker3BR,3BA$1.57
The Cove at Gateway CommonsAnchor Townhome3BR,2.5BA$1.94
Summitwoods Apartments3 Bed3BR,2BA$1.47
Four Seasons of ColchesterTwo Bedrooms2BR,2BA$1.89
Colchester EstatesBeautiful Remodeled and Upgraded Townhouse in C...2BR,1BA$1.80
Thamesview Apartments2 Bedroom2BR,1BA$1.80
Oxoboxo Lofts2 Bedroom2BR,2BA$1.97
The Lofts at Ponemah MillsPM2cL-T2BR,2BA$1.51
The Terraces Apartments1 Bedroom1BR,1BA$1.47
Mohegan Commons ApartmentsThe Village - 1 Bedroom1BR,1BA$1.52

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Salem, CT Rentals by Map

Decorative image of map

See the most popular apartments and homes in Salem, CT

View MapSalem, CT Apartments MapView MapSalem, CT Rental Homes Map

Getting Around Salem, CT

Walk Score®

22 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

20 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Salem Apartments

What is the Cheapest Studio apartment in Salem?

Currently the most affordable Cheap Studio Apartment in Salem is at 85 Main St listed at $1,175.

How much is rent for a Cheap One Bedroom Salem Apartment?

The lowest price for a Cheap One Bedroom Salem Apartment is $922 at Oxoboxo Lofts.

What is the lowest price for a Cheap Two Bedroom Salem Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Salem is starting from $1,084 at Oxoboxo Lofts.

What is the most affordable Salem Three Bedroom Apartment?

The best deal on a cheap Salem Three Bedroom Apartment rental is at Summitwoods Apartments and starts from $1,950.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.