
Cheap Homes for Rent in Salem, SD from $900 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.


508 W 2nd Ave

3506 S Sertoma Ave

7007 56th St

7013 56th St

7029 56th St

1301 John Deere Cir

415 N Capital St

415 N Sanborn Blvd

7119 56th St
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.
Salem, SD 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 | $1,248 | $950 | $1,750 |
Salem 3 Bedroom Homes for Rent | $1,797 | $975 | $3,750 |
Salem 4 Bedroom Homes for Rent | $2,549 | $2,295 | $2,900 |
Salem 5 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
Browse Top Homes for Rent in Salem
Explore Salem
Salem, SD Local Guide
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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 |
Aspen Commons | Studio | Studio,1BA | $795 |
Best Value Apartments for Rent in Salem, SD and Nearby
As of April 24, 2025 the best value apartment in the Salem area is the $1.20 price per square foot Upper Apartment Model at Fifth Street Apartments & Townhouses in the starting from $1,450. The second greatest value Salem apartment is the 1 Bedroom Model at Lake Area Townhomes starting at $810 with a $0.68 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. |
---|---|---|---|
Fifth Street Apartments & Townhouses | Upper Apartment | 3BR,2BA | $1.20 |
Lake Area Townhomes | 1 Bedroom | 1BR,1BA | $0.68 |
Falls Park Apartments | Rushmore | 3BR,2BA | $0.80 |
Boulder Pointe Townhomes | 2 bedroom/2 bath | 2BR,2BA | $1.14 |
Stoney Creek Townhomes | 3 Bedroom 1.5 Bathroom | 3BR,1.5BA | $1.00 |
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 | $1.19 |
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Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 43 Apartments for Rent in Salem, SD with pricing that ranges from $399 to $3,553. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $950 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 $950 to $3,750 with an average monthly rent of $1,638.
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.

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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.