Cheap Apartments for Rent in Salem, IL from $400 (23 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.

close
View Me
555 Roddy Rd
$7001 Bedroom, 1 Bath Home for RentAvailable Now

555 Roddy Rd

Salem, IL 62881
View Details
close
View Me
Mills Crossing
from $4052 to 3 Bedroom Apartments

Mills Crossing

600 Mills Cart RdSalem, IL 62881
View Details
close
View Me
Newton Senior Housing
Rent Specials
from $6001 Bedroom Apartments

Newton Senior Housing

201 Eaton StNewton, IL 62448
Senior Living
View Details
Showing Results 1-23, Page 1 of 1

Salem, IL Local Guide

Cheapest Available Salem Apartments for Rent and Nearby

 

The cheapest available apartment rental in Salem, IL is a Studio unit found at Chesterfield Village priced from $789. 215 anderson lane A in the Green Mount Manor neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Chesterfield VillageStudioStudio,1BA$789
215 anderson lane A1 BR / 1 BA1BR,1BA$825
Bouse Apartment Homes1 Bedroom 1 Bath1BR,1BA$845
The Raymond ApartmentsTwo bedroom2BR,1BA$850
McKay Manor2 Bedroom2BR,1BA$854

Best Value Apartments for Rent in Salem, IL and Nearby

As of January 08, 2025 the best value apartment in the Salem area is the $1.07 price per square foot Hayden B1 Model at Storyboard on Hayden in the in the Timberbrook neighborhood starting from $1,340. The second greatest value Salem apartment is the Park Entrance B2 Model at Storyboard on Park Entrance starting at $1,430 with a $1.19 price per square foot in the OFallon 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.
Storyboard on HaydenHayden B12BR,2.5BA$1.07
Storyboard on Park EntrancePark Entrance B22BR,2BA$1.19
Cantwell Crossing Apartments and TownhomesRenovated 2 Bedroom2BR,2BA$1.28
Storyboard on ShanShan B22BR,2BA$1.39
Northbrooke CommonsB22BR,2BA$1.35
215 anderson lane A2 BR / 1 BA2BR,1BA$1.07
McKay Manor2 Bedroom2BR,1BA$0.86
The Raymond ApartmentsTwo bedroom2BR,1BA$1.00
Brookside ManorOne Bedroom1BR,1BA$1.31
Bouse Apartment Homes1 Bedroom 1 Bath1BR,1BA$1.36

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

Best Local Schools in
Salem, IL

School data provided by Great Schools

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

Explore Salem, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Salem, IL

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

Getting Around Salem, IL

Walk Score®

39 / 100

Car-Dependent

Most errands require a car

Bike Score®

40 / 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 Chesterfield Village listed at $789.

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

The lowest price for a Cheap One Bedroom Salem Apartment is $825 at 215 anderson lane A.

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 $850 at The Raymond Apartments.

What is the most affordable Salem Three Bedroom Apartment?

The best deal on a cheap Salem Three Bedroom Apartment rental is at McKay Manor and starts from $1,092.

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 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 Navigating the World of Low-Income Housing: A Comprehensive Guide article

Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.

decorative image for Real Estate Term Glossary: Your Guide to The A to Zs of Renting article

Real Estate Term Glossary: Your Guide to The A to Zs of Renting

Written by: Kevin Ready

Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.