2226 Mayflower Manor
New AlbanyIN47150
Cheap Homes for Rent in Salem, IN from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.
608 E 8th St
New AlbanyIN47150
400 S Mill St
SalemIN47167
1747 E Oak St
New AlbanyIN47150
111 N 46th St
LouisvilleKY40212
213 Starlight Dr
ClarksvilleIN47129
3583 N County Rd 225 W
SeymourIN47274
4930 Grant Line Rd
New AlbanyIN47150
4934 Grant Line Rd
New AlbanyIN47150
4932 Grant Line Rd
New AlbanyIN47150
1412 Locust St
New AlbanyIN47150
2918 Sunset Dr
New AlbanyIN47150
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Salem, IN Local Guide
Forest in Indiana by Kurt Beard is licensed under CC BY 2.0
How much does it cost to rent a home in Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Salem 2 Bedroom Homes for Rent | $1,387 | $1,000 | $2,000 |
| Salem 3 Bedroom Homes for Rent | $1,843 | $1,275 | $2,490 |
| Salem 4 Bedroom Homes for Rent | $2,146 | $1,499 | $3,195 |
| Salem 5 Bedroom Homes for Rent | $2,450 | $2,150 | $3,000 |
Browse Top Homes for Rent in Salem
Explore Salem
Salem, IN Local Guide
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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 |
| Water's Edge | One Bedroom Reservation List | 1BR,1BA | $771 |
| Huntley Ridge New Albany | 1 Bedroom 1 Bathroom | 1BR,1BA | $824 |
Best Value Apartments for Rent in Salem, IN and Nearby
As of April 16, 2025 the best value apartment in the Salem area is the $0.91 price per square foot Two Bedroom Two Bath Model at Sheffield Square in the in the Downtown New Albany neighborhood starting from $1,222. The second greatest value Salem apartment is the Koehler Springs II Model at Koehler Springs starting at $1,200 with a $0.89 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. |
|---|---|---|---|
| Sheffield Square | Two Bedroom Two Bath | 2BR,2BA | $0.91 |
| Koehler Springs | Koehler Springs II | 3BR,2.5BA | $0.89 |
| Heritage Springs Rentals | Villas of Heritage Springs Apartments | 2BR,2BA | $1.03 |
| Glenview Apartments | 2 Bedroom Den W/D Hookups - 1st Fl. | 2BR,1.5BA | $0.95 |
| Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
| Stone Creek Apartments I & II | 2 Bed 1 Bath | 2BR,1BA | $0.95 |
| High Park Apartments | 2 Bedroom | 2BR,1BA | $1.00 |
| Courtyard Apartments | 2.1B | 2BR,1BA | $1.01 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $0.34 |
| Brookview Glen | Studio | Studio ,1BA | $0.95 |
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Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 51 Apartments for Rent in Salem, IN with pricing that ranges from $200 to $1,850. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $700 to $3,195.
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 $700 to $3,195 with an average monthly rent of $1,705.
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.
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.
Know Your Rights - How Discrimination Laws Impact Landlords & Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
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.