304 N Main St
MitchellSD57301
Cheap Homes for Rent in Salem, SD from $700 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.
326 McCabe St
MitchellSD57301
309 W Washington Ave
HowardSD57349
307 W Washington Ave
HowardSD57349
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.
210 N Main St
MitchellSD57301
608 S Anderson St
MitchellSD57301
508 W 2nd Ave
MitchellSD57301
3506 S Sertoma Ave
Sioux FallsSD57106
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.
216 E 11th Ave
MitchellSD57301
7013 56th St
Sioux FallsSD57106
7021 56th St
Sioux FallsSD57106
7029 56th St
Sioux FallsSD57106
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.
350 N Main Ave
TeaSD57064
1301 John Deere Cir
MadisonSD57042
Showing Results 1-14, Page 1 of 1
Salem, SD Local Guide
Cornfield in South Dakota near Maccook by Flickr User: Don Graham 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 | $1,130 | $825 | $1,750 |
| Salem 3 Bedroom Homes for Rent | $1,896 | $975 | $3,750 |
| Salem 4 Bedroom Homes for Rent | $2,343 | $1,450 | $2,950 |
| Salem 5 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
Browse Top Homes for Rent in Salem
Explore Salem
Salem, SD Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Salem Apartments for Rent and Nearby
The cheapest available apartment rental in Salem, SD is a 1 Bed unit found at Copper Flats priced from $480. Forty One Flats has the second lowest priced unit, which is a 2 Beds apartment currently listed from $612. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Copper Flats | 1 Bedroom 1 Bathroom | 1BR,1BA | $480 |
| Forty One Flats | 2 Bedroom 2 Bathroom | 2BR,2BA | $612 |
| Lake Area Townhomes | 1 Bedroom | 1BR,1BA | $820 |
| University Hills Village | Studio - 559 sqft | Studio,1BA | $825 |
| Sunset Villas Apartments | 1 Bed 1 Bath Apartment | 1BR,1BA | $840 |
Best Value Apartments for Rent in Salem, SD and Nearby
As of May 14, 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 Upper Apartment Model at Fifth Street Apartments & Townhouses starting at $1,450 with a $1.20 price per square foot . 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. |
|---|---|---|---|
| Lobelia & Bison Trail Townhomes | 3 Bedroom, 2 Bathroom | 3BR,2BA | $1.21 |
| Fifth Street Apartments & Townhouses | Upper Apartment | 3BR,2BA | $1.20 |
| Lake Area Townhomes | 1 Bedroom | 1BR,1BA | $0.69 |
| Falls Park Apartments | Rushmore | 3BR,2BA | $0.80 |
| Boulder Creek Townhomes | 2bd2ba | 2BR,2BA | $1.08 |
| Copper Flats | 3 Bedroom 2 Bathroom | 3BR,2BA | $0.96 |
| West Briar Estates | 2 Bedroom 1 Bath | 2BR,1BA | $1.01 |
| Forty One Flats | 2 Bedroom 2 Bathroom | 2BR,2BA | $0.77 |
| Marion Crossing Apartments | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.18 |
| Maple Pass Apartments & Townhomes | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.28 |
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.
Let everyone know!
Do you know the Salem area?
If you’re an expert on all things Salem, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 45 Apartments for Rent in Salem, SD with pricing that ranges from $399 to $3,526. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $750 to $3,750.
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 $750 to $3,750 with an average monthly rent of $1,540.
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.