Cheap Apartments for Rent in Salem, KY from $500 (35 Rentals)

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

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.

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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.

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Maple Valley Townhomes
2 Bedroom Apartments

Maple Valley Townhomes

618 E Waverly StMorganfield, KY 42437
  • Utilities Included
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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
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Little River Landings
1 to 3 Bedroom Apartments

Little River Landings

1101 Pyle LnHopkinsville, KY 42240
  • Utilities Included

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Salem, KY Local Guide

Cheapest Available Salem Apartments for Rent and Nearby

 

The cheapest available apartment rental in Salem, KY is a 1 Bed unit found at 225 Clara’s priced from $525. Graystone Henderson in the Henderson North End neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $599. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
225 Clara’s1-bedroom1BR,1BA$525
Graystone Henderson1 Bedroom1BR,1BA$599
Willow RunThe BristolStudio,1BA$625
Eagle CrossingOne Bedroom | One Bathroom1BR,1BA$699
PENNYRILE SENIOR APARTMENTS2 Bedroom 1 Bathroom2BR,1BA$750
1631 S Main StOne Bed1BR,1BA$750
Foxfire West Apartments1 Bedroom 1 Bath Fireplace1BR,1BA$775
Jackson House1 Bedroom - Jackson House1BR,1BA$781
Lone Oak VillasPremium Townhouse2BR,1BA$799
Emma's Rose Senior Apartments2 BR Typical Emma's Rose2BR,1BA$800

Best Value Apartments for Rent in Salem, KY and Nearby

As of May 15, 2025 the best value apartment in the Salem area is the $1.00 price per square foot 3 bedroom Model at 2707 Fairway Dr in the starting from $1,400. The second greatest value Salem apartment is the 4x2 Single Bed Unfurnished Model at Eagle Village Student Housing starting at $525 with a $0.44 price per square foot in the Evansville West Side 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.
2707 Fairway Dr3 bedroom3BR,2BA$1.00
Eagle Village Student Housing4x2 Single Bed Unfurnished4BR,2BA$0.44
Canterbury ApartmentsPhase 22BR,2BA$0.90
Wilshire Townhomes2BR2BR,1.5BA$1.00
Morris Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$0.99
Emma's Rose Senior Apartments2 BR Typical Emma's Rose2BR,1BA$0.96
Parkside Apartments2 Bedroom2BR,1BA$1.03
PENNYRILE SENIOR APARTMENTS2 Bedroom 1 Bathroom2BR,1BA$1.06
Eagle CrossingOne Bedroom | One Bathroom1BR,1BA$1.04
225 Clara’s1-bedroom1BR,1BA$0.91

Quick Rent Budget Calculator

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

Explore Salem, KY Rentals by Map

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See the most popular apartments and homes in Salem, KY

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Getting Around Salem, KY

Walk Score®

17 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

22 / 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

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

The lowest price for a Cheap One Bedroom Salem Apartment is $525 at 225 Clara’s.

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 $750 at PENNYRILE SENIOR APARTMENTS.

What is the most affordable Salem Three Bedroom Apartment?

The best deal on a cheap Salem Three Bedroom Apartment rental is at 225 Clara’s and starts from $725.

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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

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If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.