40R Highland Ave
SalemMA01970
Cheap Apartments for Rent in Salem, MA from $900 (21 Rentals)
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from $1,3501 to 2 Bedroom Apartments Contact Us For Availability
Salem Heights
12 Pope StSalem, MA 01970
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from $1,700Studio to 2 Bedroom Apartments Contact Us For Availability
Salem Highlands
84 Highland AveSalem, MA 01970
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Studio to 1 Bedroom Apartments
Fairweather Apartments (Age 62+ Community)
40 Highland AveSalem, MA 01970
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from $1,550Studio to 2 Bedroom Apartments Available Now
THE ESSEX
585 Essex StLynn, MA 01901
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585 Essex St
LynnMA01901
Boston's Best Affordable Neighborhoods
Learn about Boston and the best places to live around the area with original content written by our Boston, MA Local Expert Amelia Ramstead
9 Cox Ct
BeverlyMA01915
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from $1,7251 to 2 Bedroom Apartments Contact Us For Availability
Terrace Gardens
2 Esquire DrPeabody, MA 01960
5 Pleasant St
BeverlyMA01915
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from $1,800Studio to 2 Bedroom Apartments Available Now
The Vault
23 Central AveLynn, MA 01901
68 County St
PeabodyMA01960
180 Lewis St
LynnMA01902
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Showing Results 1-21, Page 1 of 1
Salem, MA Local Guide
Salem Common by Diego Brito 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 |
|---|---|---|---|
| Cheap Salem Studio Apartments | $1,786 | $1,100 | $2,700 |
| Cheap Salem 1 Bedroom Apartments | $2,662 | $1,350 | $7,012 |
| Cheap Salem 2 Bedroom Apartments | $3,256 | $1,500 | $9,654 |
| Cheap Salem 3 Bedroom Apartments | $3,242 | $2,550 | $8,557 |
| Cheap Salem 4 Bedroom Apartments | $3,650 | $3,500 | $3,800 |
Browse Top Apartments in Salem
See all Apartments in SalemExplore Salem
Salem, MA Local Guide
Written By:
Staff Writer Local Guide Expert
- Salem Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Salem, MA
Pricing Updated: 03/25/2025Current apartment rentals in the Salem, MA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Salem Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| North Shore | $3,575 | $1,050 | 14918 |
| North Salem | $3,700 | $1,350 | 911 |
Cheapest Available Salem Apartments for Rent
The cheapest available apartment rental in Salem, MA is a Studio unit found at THE ESSEX in the Central neighborhood priced from $1,550. BayView Apartments in the East Lynn neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,600. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| THE ESSEX | 0BR/1.0BA | Studio,1BA | $1,550 |
| BayView Apartments | 66 Studio Classic | Studio,1BA | $1,600 |
| The Vault | 0BR/1.0BA | Studio,1BA | $1,800 |
| Peabody Place, LLC. | 1BR/1.0BA | 1BR,1BA | $1,899 |
| The Oxford Lynn | 1 Bed - 06 | 1BR,1BA | $1,950 |
Best Value Apartments for Rent in Salem, MA
As of March 26, 2025 the best value apartment in the Salem area is the $0.24 price per square foot 85 Timson St Model at 85 Timson St, Unit #1 in the in the East Lynn neighborhood starting from $2,400. The second greatest value Salem apartment is the 2BR/1.0BA Model at THE ESSEX starting at $2,225 with a $0.22 price per square foot in the Central 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. |
|---|---|---|---|
| 85 Timson St, Unit #1 | 85 Timson St | 2BR,1BA | $0.24 |
| THE ESSEX | 2BR/1.0BA | 2BR,1BA | $0.22 |
| 150 Allen Ave, Unit 1 | 150 Allen Ave | 3BR,3BA | $1.87 |
| 35 Pacific St, Unit #2 | 35 Pacific St | 2BR,1BA | $1.73 |
| 7 Hancock St, Unit 1 | 7 Hancock St | 3BR,1BA | $2.07 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| Eagle Rock Apartments at Swampscott | B1 | 2BR,2BA | $2.43 |
| 8 Elm St, Unit #1 | 8 Elm St | 2BR,1BA | $2.08 |
| 56 Broad St, Unit #2 | 56 Broad St | 1BR,1BA | $2.10 |
| 9 Carlton St, Unit #3 | 9 Carlton St | 2BR,1BA | $2.20 |
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Salem Overview
Salem has the feel of a small, compact town. Here, friendly residents celebrate together in the summer and stick together during blustery winters. This town's rich history and placement near Boston makes it a great place for both city commuters and people longing for a quieter life.
Why live in Salem, MA?
Salem has a reputation as a great home for young, energetic people. They come for Salem State University and stay for the creative scene, exciting history, and dynamic local businesses. However, this city also has a lot to offer busy professionals and families. It's close enough to commute to Boston, but decidedly more budget-friendly than the big city. Salem boasts a gorgeous waterfront, numerous museums and galleries, and centuries of history lying around every corner just waiting to be explored. Salem has a magic that turns visitors into residents, and residents into longtime locals.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Salem, MA Rentals by Map
See the most popular apartments and homes in Salem, MA
Salem, MA Apartments MapSalem, MA Rental Homes MapGetting Around Salem, MA
Walk Score®
84 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
62 / 100
Bikeable
Some bike infrastructure
Transit Score®
34 / 100
Some Transit
A few nearby public transportation options
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 a cheap apartment in Salem?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Salem is under $1,950.
What is the price of a cheap apartment in Salem?
The cheapest apartment in Salem is Peabody Place, LLC. which is listed at $1,899, while the average apartment in Salem costs $3,637.
What types of apartments are the cheapest in Salem?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 626 regular apartments in Salem that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Salem?
Cheap apartments in Salem have an average cost of $117 which is $3,520 cheaper than the average rent for all rentals in Salem.
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.
The 10 Best Affordable Neighborhoods in Boston, MA
Written by: Amelia Ramstead
Boston is known for its exciting combination of early American history and modern high-tech universities and employers.
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.
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.