3 Buttonwood Ln
PeabodyMA01960
Cheap Homes for Rent in Salem, MA from $1,300 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.
35 Rowland St
MarbleheadMA01945
34 Bayview Terrace
DanversMA01923
22 Atlantic St
LynnMA01902
9 Foster St
LynnMA01902
8 Joyce St
LynnMA01902
56 Johnson St
LynnMA01902
8 Nahant Pl
LynnMA01902
6 Summer St
BeverlyMA01915
150 Lewis St
LynnMA01902
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
6R Hazel Terrace
SalemMA01970
Showing Results 1-11, 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 a home in Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Salem 2 Bedroom Homes for Rent | $2,859 | $1,975 | $4,500 |
| Salem 3 Bedroom Homes for Rent | $3,665 | $2,700 | $6,250 |
| Salem 4 Bedroom Homes for Rent | $5,480 | $1,600 | $8,950 |
Browse Top Homes for Rent in Salem
Explore Salem
Salem, MA Local Guide
- Salem Neighborhoods
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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 | 15118 |
| North Salem | $3,700 | $1,350 | 941 |
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 25, 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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Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 732 Apartments for Rent in Salem, MA with pricing that ranges from $1,100 to $9,654. There are also 65 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $1,350 to $8,950.
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 $1,350 to $8,950 with an average monthly rent of $3,550.
How much are larger Three and Four Bedroom Rentals in Salem?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Salem range from $2,550 to $8,557, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,700 to $6,250. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $3,500.
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.