
Cheap Homes for Rent in Salem, IA from $500 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.


304 S 2nd St

1218 Cedar St

607 NE 3rd Ave

61 Midtown Ln

105 SE 13th St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

2545 N Co Rd 1740

509 SE 4th St

102 W 2nd St

121 S Ash St

407-407 SW 8th St

14876 Washington Rd
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

116 N 4th St

605 W 3rd St

116 N 5th St

211 W 7th St

404 N Pine St

508 Lorenz St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Salem, IA Local Guide

How much does it cost to rent a home in Salem?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Salem 2 Bedroom Homes for Rent | $966 | $700 | $1,600 |
Salem 3 Bedroom Homes for Rent | $1,305 | $850 | $2,200 |
Salem 4 Bedroom Homes for Rent | $2,400 | $2,000 | $2,800 |
Browse Top Homes for Rent in Salem
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Salem, IA Local Guide
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Cheapest Available Salem Apartments for Rent and Nearby
 The cheapest available apartment rental in Salem, IA is a Studio unit found at Macomb Rentals priced from $390. Smith and Royer Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Salem apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Macomb Rentals | Studio, 1 bath | Studio,1BA | $390 |
Smith and Royer Apartments | 1 Bedroom | 1BR,1BA | $650 |
Park Madison Apartments | 1BR/1BA | 1BR,1BA | $700 |
Green Gable Cottages | Green Gable - Memorial Park Rd | 1BR,1BA | $750 |
Tisdale Apartments | 2 Bedroom | 2BR,1BA | $760 |
Best Value Apartments for Rent in Salem, IA and Nearby
As of May 10, 2025 the best value apartment in the Salem area is the $0.93 price per square foot Churchill Lofts - 301 Model at Churchill Lofts in the in the Ginger Ridge neighborhood starting from $998. The second greatest value Salem apartment is the 510 Layne Drive Model at Nexus TownHomes starting at $1,275 with a $1.28 price per square foot in the Ginger Ridge neighborhood. Here is today’s list of the best values for Salem apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Churchill Lofts | Churchill Lofts - 301 | 2BR,1BA | $0.93 |
Nexus TownHomes | 510 Layne Drive | 2BR,1BA | $1.28 |
Orchards & Woodlands | 2BR/1.0BA | 2BR,1BA | $1.21 |
Summer Street Apartments | Apartment 1 | 2BR,1BA | $1.00 |
School House Apartments | 1 Bedroom and 1 Bath | 1BR,1BA | $0.89 |
Orchard Lane Apartments | 2BR/1.0BA | 2BR,1BA | $0.96 |
Blaul Lofts | Blaul Lofts - 407 | 1BR,1BA | $1.02 |
Louden Lofts | Two Bedroom | 2BR,2BA | $1.00 |
Park Madison Apartments | 1BR/1BA | 1BR,1BA | $0.93 |
Tisdale Apartments | 2 Bedroom | 2BR,1BA | $1.09 |
Quick Rent Budget Calculator
How much rent can you afford?
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Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 43 Apartments for Rent in Salem, IA with pricing that ranges from $390 to $3,300. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $585 to $2,800.
What is the current price range for Rental Homes in Salem?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Salem ranges from $585 to $2,800 with an average monthly rent of $1,347.
How much are larger Three and Four Bedroom Rentals in Salem?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Salem range from $650 to $3,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,200. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $600.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.