
Cheap Homes for Rent in Salem, NM from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.


1201 Platinum St
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.

1048 McFie Ave

4216 N Charles St
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.

1004 Ivydale Dr

3650 Morningstar Dr
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

376 Dusty Ln

3880 Las Colinas Dr
Salem, NM Local Guide

How much does it cost to rent a home in Salem?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Salem 2 Bedroom Homes for Rent | $1,295 | $1,100 | $1,695 |
Salem 3 Bedroom Homes for Rent | $1,726 | $1,150 | $2,400 |
Salem 4 Bedroom Homes for Rent | $2,112 | $1,595 | $2,500 |
Browse Top Homes for Rent in Salem
Explore Salem
Salem, NM Local Guide
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Cheapest Available Salem Apartments for Rent and Nearby
 The cheapest available apartment rental in Salem, NM is a 1 Bed unit found at Mountain Springs Pointe in the Downtown Las Cruces neighborhood priced from $700. Casitas at 805 N 17Th St. in the Downtown Las Cruces neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here is today’s list of the most affordable Salem apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Mountain Springs Pointe | 1 Bedroom | 1BR,1BA | $700 |
Casitas at 805 N 17Th St. | Studio | Studio,1BA | $725 |
1655 S Main | Contemporary | 1BR,1BA | $795 |
Best Value Apartments for Rent in Salem, NM and Nearby
As of May 09, 2025 the best value apartment in the Salem area is the $1.16 price per square foot The Catlina Model at The Pavilions at South Fork in the starting from $1,275. The second greatest value Salem apartment is the 2 bedroom 1 bath - Colony Garden Model at Colony Mesa Apartments starting at $875 with a $0.81 price per square foot in the Downtown Las Cruces 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 Pavilions at South Fork | The Catlina | 2BR,2BA | $1.16 |
Colony Mesa Apartments | 2 bedroom 1 bath - Colony Garden | 2BR,1BA | $0.81 |
Alexis Apartments | 2 Bedroom | 2BR,2BA | $1.12 |
Pavilions At University | Aggie | 2BR,2BA | $1.21 |
Casa Bandera | B1 | 2BR,2BA | $1.33 |
Woodcrest Apartments | 2 Bedroom | 2BR,2BA | $1.12 |
700 California Ave | 2 Bedroom | 2BR,1BA | $1.17 |
Verge at Las Cruces | 2BR/2BA | 2BR,2BA | $0.88 |
Telshor Terrace Apartments | 1X1 | 1BR,1BA | $1.35 |
Sierra Verde | La Sierra | 1BR,1BA | $1.30 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 34 Apartments for Rent in Salem, NM with pricing that ranges from $640 to $2,805. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $900 to $2,500.
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 $900 to $2,500 with an average monthly rent of $1,545.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.