40R Highland Ave
SalemMA01970
Cheap Apartments for Rent in Salem, MA from $900 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Salem.
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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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Rent Specials
from $1,550Studio to 2 Bedroom Apartments Available Now
THE ESSEX
585 Essex StLynn, MA 01901
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585 Essex St
LynnMA01901
9 Cox Ct
BeverlyMA01915
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
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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
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Showing Results 1-20, 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 | $1,771 | $1,100 | $2,700 |
| Cheap Salem 1 Bedroom Apartments | $2,585 | $1,350 | $6,806 |
| Cheap Salem 2 Bedroom Apartments | $3,309 | $1,500 | $9,654 |
| Cheap Salem 3 Bedroom Apartments | $3,252 | $2,550 | $9,019 |
| Cheap Salem 4 Bedroom Apartments | $3,500 | $3,500 | $3,500 |
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: 03/15/2025Current 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 Salem | $3,025 | $1,350 | 430 |
| North Shore | $3,500 | $1,050 | 15538 |
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 16, 2025 the best value apartment in the Salem area is the $0.22 price per square foot 2BR/1.0BA Model at THE ESSEX in the in the Central neighborhood starting from $2,225. The second greatest value Salem apartment is the 150 Allen Ave Model at 150 Allen Ave, Unit 1 starting at $2,900 with a $1.87 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. |
|---|---|---|---|
| THE ESSEX | 2BR/1.0BA | 2BR,1BA | $0.22 |
| 150 Allen Ave, Unit 1 | 150 Allen Ave | 3BR,3BA | $1.87 |
| 7 Hancock St, Unit 1 | 7 Hancock St | 3BR,1BA | $2.07 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| Bell North Shore | B2D | 2BR,2BA | $2.49 |
| Eagle Rock Apartments at Swampscott | B1 | 2BR,2BA | $2.43 |
| 73 School St, Unit #3 | 73 School St | 2BR,1BA | $2.00 |
| 56 Broad St, Unit #2 | 56 Broad St | 1BR,1BA | $2.10 |
| 9 Carlton St, Unit #3 | 9 Carlton St | 2BR,1BA | $2.20 |
| 8 Nahant Pl, Unit #301 | 8 Nahant Pl | 1BR,1BA | $2.47 |
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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 the Cheapest Studio apartment in Salem?
Currently the most affordable Cheap Studio Apartment in Salem is at THE ESSEX listed at $1,550.
How much is rent for a Cheap One Bedroom Salem Apartment?
The lowest price for a Cheap One Bedroom Salem Apartment is $1,795 at THE ESSEX.
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 $2,225 at THE ESSEX.
What is the most affordable Salem Three Bedroom Apartment?
The best deal on a cheap Salem Three Bedroom Apartment rental is at The Landing at Vinnin Square and starts from $4,114.
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.
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.
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.