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Cheap Apartments for Rent in Salem, IN from $300 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in Salem.
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Rent Specials
from $2001 Bedroom Apartments Available Now
Yellowwood Terrace Affordable Senior Housing
2100 Greentree NClarksville, IN 47129
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from $378Studio to 2 Bedroom Apartments Available Now
Brookview Glen
1810 Graybrook LnNew Albany, IN 47150
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from $4872 to 3 Bedroom Apartments Contact Us For Availability
Foxtail Pointe
8614 Highway 60Sellersburg, IN 47172
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Showing Results 1-7, Page 1 of 1
Salem, IN Local Guide
Forest in Indiana by Kurt Beard is licensed under CC BY 2.0
How much does it cost to rent an apartment in Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Salem Studio Apartments | $451 | $378 | $525 |
| Salem 1 Bedroom Apartments | $926 | $200 | $1,263 |
| Salem 2 Bedroom Apartments | $1,200 | $487 | $1,675 |
| Salem 3 Bedroom Apartments | $1,386 | $560 | $1,850 |
Browse Top Apartments in Salem
See all Apartments in SalemExplore Salem
Salem, IN Local Guide
- Nearby Cities
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Cheapest Available Salem Apartments for Rent and Nearby
The cheapest available apartment rental in Salem, IN is a 1 Bed unit found at Yellowwood Terrace Affordable Senior Housing in the Southern Indiana neighborhood priced from $200. Brookview Glen in the Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $378. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $200 |
| Brookview Glen | Studio | Studio,1BA | $378 |
| Stonebrook of Scottsburg | A1 | 1BR,1BA | $750 |
Best Value Apartments for Rent in Salem, IN and Nearby
As of February 14, 2025 the best value apartment in the Salem area is the $0.89 price per square foot Koehler Springs II Model at Koehler Springs in the in the Southern Indiana neighborhood starting from $1,200. The second greatest value Salem apartment is the 2 BEDROOM 2 BATHROOM Model at Ashby Apartments starting at $1,118 with a $0.90 price per square foot in the Southern Indiana 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. |
|---|---|---|---|
| Koehler Springs | Koehler Springs II | 3BR,2.5BA | $0.89 |
| Ashby Apartments | 2 BEDROOM 2 BATHROOM | 2BR,2BA | $0.90 |
| Heritage Springs Rentals | Villas of Heritage Springs Apartments | 2BR,2BA | $1.03 |
| Academy Park Apartments | 2 bedroom 2 bath with connections | 2BR,2BA | $1.05 |
| Lakeview Apartments | 2 BEDROOM 2 BATHROOM B | 2BR,2BA | $1.06 |
| Plaza Square Apartments | 2X2 | 2BR,2BA | $1.00 |
| Glenview Apartments | 1 Bedroom | 1BR,1BA | $1.05 |
| Stone Creek Apartments I & II | 1 Bed 1 Bath | 1BR,1BA | $1.07 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $0.34 |
| Brookview Glen | Studio | Studio ,1BA | $0.95 |
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Best Local Schools in Salem, IN
School data provided by Great Schools
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Walk Score®
22 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
24 / 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 Brookview Glen listed at $378.
How much is rent for a Cheap One Bedroom Salem Apartment?
The lowest price for a Cheap One Bedroom Salem Apartment is $200 at Yellowwood Terrace Affordable Senior Housing.
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 $765 at Courtyard Apartments.
What is the most affordable Salem Three Bedroom Apartment?
The best deal on a cheap Salem Three Bedroom Apartment rental is at Water's Edge and starts from $1,006.
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.
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.
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.
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.
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.