Cheap Homes for Rent in Salem, KY from $300 (9 Rentals)

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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
Lakewood Flats and Townhomes1 Bedroom Deluxe1BR,1BA$710

Best Value Apartments for Rent in Salem, KY and Nearby

As of March 25, 2025 the best value apartment in the Salem area is the $0.75 price per square foot 4 Beds, 2 baths Model at Cottonwood in the starting from $1,500. The second greatest value Salem apartment is the 3 bedroom Model at 2707 Fairway Dr starting at $1,250 with a $0.89 price per square foot . 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.
Cottonwood4 Beds, 2 baths4BR,2BA$0.75
2707 Fairway Dr3 bedroom3BR,2BA$0.89
Eagle Village Student Housing4x2 Single Bed Furnished4BR,2BA$0.50
Canterbury ApartmentsPhase 22BR,2BA$0.90
Wilshire Townhomes2BR2BR,1.5BA$1.00
1631 S Main StOne Bed1BR,1BA$0.75
Morris Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$0.97
Emma's Rose Senior Apartments2 BR Typical Emma's Rose2BR,1BA$0.96
Lakewood Flats and Townhomes1 Bedroom Deluxe1BR,1BA$0.90
225 Clara’s1-bedroom1BR,1BA$0.91

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Frequently Asked Questions about Salem

What type of rentals are currently available in Salem?

There are currently 44 Apartments for Rent in Salem, KY with pricing that ranges from $525 to $3,500. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $390 to $2,600.

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 $390 to $2,600 with an average monthly rent of $1,067.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

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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.

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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.

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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.