Cheap Apartments for Rent in Salem, SD from $500 (21 Rentals)

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Explore the Best Cheap Apartments in Salem for Renters Looking for a Great Deal on Lower Cost Rent for the Area.

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Hill Center Apartments
Rent Specials
from $6001 Bedroom Apartments

Hill Center Apartments

361 S Hill StSalem, SD 57058
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Southtown Apartments
from $6502 Bedroom Apartments

Southtown Apartments

441 S Main StSalem, SD 57058
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Cathedral Square II
from $7671 Bedroom Apartments

Cathedral Square II

500 N Langdon StMitchell, SD 57301
Senior Living
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Greenridge Apartments
Rent Specials
from $7891 Bedroom Apartments

Greenridge Apartments

1500 N Kimball StMitchell, SD 57301
Senior Living
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Salem, SD Local Guide

Cheapest Available Salem Apartments for Rent and Nearby

 

The cheapest available apartment rental in Salem, SD is a 1 Bed unit found at Marion Crossing Apartments priced from $805. Lake Area Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $810. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Marion Crossing Apartments1 Bed 1 Bath Apartment1BR,1BA$805
Lake Area Townhomes1 Bedroom1BR,1BA$810
University Hills VillageStudio - 559 sqftStudio,1BA$825
Sunset Villas Apartments1 Bed 1 Bath1BR,1BA$840
West Oaks EstatesEfficiency UnitStudio,1BA$849

Best Value Apartments for Rent in Salem, SD and Nearby

As of January 05, 2025 the best value apartment in the Salem area is the $1.21 price per square foot 3 Bedroom, 2 Bathroom Model at Lobelia & Bison Trail Townhomes in the starting from $1,645. The second greatest value Salem apartment is the 2 Bedroom Model at Lake Area Townhomes starting at $1,240 with a $1.00 price per square foot . Here is today’s list of the best values for Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lobelia & Bison Trail Townhomes3 Bedroom, 2 Bathroom3BR,2BA$1.21
Lake Area Townhomes2 Bedroom2BR,2.5BA$1.00
Fifth Street Apartments & TownhousesUpper Apartment3BR,2BA$1.20
Falls Park ApartmentsRushmore3BR,2BA$0.89
The MuseLinkin(DG2D)2BR,2.5BA$1.23
Stoney Creek Townhomes3 Bedroom 1.5 Bathroom3BR,1.5BA$0.97
Boulder Creek Townhomes2bd2ba2BR,2BA$1.08
Silos at Ellis CrossingApartment Style - 2 Bedroom 2 Bathroom2BR,2BA$1.23
Marion Crossing Apartments1 Bed 1 Bath Apartment1BR,1BA$1.09
Sunset Villas Apartments1 Bed 1 Bath1BR,1BA$1.27

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Salem, SD Rentals by Map

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Getting Around Salem, SD

Walk Score®

41 / 100

Car-Dependent

Most errands require a car

Bike Score®

37 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 University Hills Village listed at $825.

How much is rent for a Cheap One Bedroom Salem Apartment?

The lowest price for a Cheap One Bedroom Salem Apartment is $810 at Lake Area Townhomes.

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 $865 at Sunset Villas Apartments.

What is the most affordable Salem Three Bedroom Apartment?

The best deal on a cheap Salem Three Bedroom Apartment rental is at Falls Park Apartments and starts from $1,026.

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.

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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.

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Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.

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Real Estate Term Glossary: Your Guide to The A to Zs of Renting

Written by: Kevin Ready

Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.