2040 Myrtle Ave NE
SalemOR97301
Cheap Homes for Rent in Downtown Salem Neighborhood of Salem, OR from $900 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Salem area of Salem.
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.
2022 Myrtle Ave NE
SalemOR97301
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.
197 13th St NE
SalemOR97301
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.
912 Fir St S
SalemOR97302
985 Saginaw St S
SalemOR97302
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Downtown Salem, Salem, OR Local Guide
How much does it cost to rent a home in Downtown Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Salem 3 Bedroom Homes for Rent | $2,031 | $1,845 | $2,200 |
| Downtown Salem 5 Bedroom Homes for Rent | $5,500 | $5,500 | $5,500 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Salem Neighborhood of Salem, OR.
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Cheapest Available Downtown Salem Apartments for Rent
The cheapest available apartment rental in the Downtown Salem area of Salem, OR is a Studio unit found at Madison Court Apartments priced from $950. 192-Western Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Downtown Salem apartments for rent in Salem, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Madison Court Apartments | Studio | Studio,1BA | $950 |
| 192-Western Village Apartments | 1x1 Upstairs | 1BR,1BA | $995 |
| 1481 Tripp / Lee Apartments | One Bed | 1BR,1BA | $995 |
Best Value Apartments for Rent in Downtown Salem, OR
As of May 15, 2025 the best value apartment in the Downtown Salem area is the $1.65 price per square foot 2x2 Small Model at Willamette Landing in the in the Northgate neighborhood starting from $1,850. The second greatest value Downtown Salem apartment is the 1x1 Den Model at The Meridian Apartments starting at $1,756 with a $1.76 price per square foot in the West Salem neighborhood. Here is today’s list of the best values for Downtown Salem apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Willamette Landing | 2x2 Small | 2BR,2BA | $1.65 |
| The Meridian Apartments | 1x1 Den | 1BR,1BA | $1.76 |
| WALLACE PARK APARTMENTS (03) | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.37 |
| Willamette Park | McKenzie | 2BR,2BA | $1.68 |
| 12th Street Lofts | 2 Beds, 1 bath | 2BR,1BA | $1.42 |
| 1481 Tripp / Lee Apartments | One Bed | 1BR,1BA | $1.24 |
| Acero West Salem | COBALT | 1BR,1BA | $2.26 |
| Aspen Grove Apartments | Mt Bachelor | 1BR,1BA | $2.04 |
| Madison Court Apartments | Studio | Studio ,1BA | $1.58 |
| Fountain Court | 1/1 | 1BR,1BA | $2.03 |
Frequently Asked Questions about Downtown Salem
What type of rentals are currently available in Downtown Salem?
There are currently 182 Apartments for Rent in Downtown Salem, OR with pricing that ranges from $950 to $4,040. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Salem ranging from $995 to $5,500.
What is the current price range for Rental Homes in Downtown Salem?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Salem ranges from $995 to $5,500 with an average monthly rent of $2,940.
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.