1/2 Off Your First Full Month of Rent When You Sign A 12-MONTH LEASE. Move-in special is for new Residents only.
This 2 story duplex home is located in NE Salem within walking distance to McKay High School and close to shopping, bus lines and more. F/A gas furnace, spacious fenced backyard, UG sprinkler system, single car garage w/opener, W/D hookups, master walk-in closet, light & bright w/ energy efficient vinyl windows. Professional landscape maintenance included. Tenant responsible for all utilities.
Disclosures: The Following Information Is Subject To Change Prior To Execution of Rental Agreement.
Rent: The following are Maximum amounts. The actual amounts charged will depend on the unit size, screening results and other factors.
Unit Rent: Three Bdrm: $2,095-$2,145. Deposits: Security Deposit Minimum: $1,550. Security Deposit Maximum: $3,100. (Depends on screening results and unit size).
Renters & Liability Insurance: A Renters and Liability Insurance policy with SMI Property Management listed as an interested party, is required to be provided at the commencement of the lease/rental agreement and is to be maintained throughout the term of the tenancy in the amount of $100,000. No insurance will be required if: A) The household income of all of the tenants in the unit is equal to or less than fifty percent of the area median income, adjusted for family size as measured up to a five-person family; or B) If the dwelling unit has been subsidized with public funds, not including housing choice vouchers....
Approximate number of units currently available, or which will in the foreseeable future be available, of the size and in the area requested by applicant: unit(s). Approximate number of applications previously accepted and currently under consideration for those units: application(s). If the blanks above are not filled in, then there is at least one unit available and there are no applications ahead of yours currently under consideration.
Move-in concessions, when offered, are limited to eligible rent charges owed by the resident and exclude all other amounts due under the lease.
Interior photos may not represent the actual unit. Amenities: Underground Sprinkler System & Stove.
154 days on RentalSource
RentalSource last checked: 21 hours ago · Listing updated: November 6, 2026
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Property Summary
Property Type:
Apartment
Rental Fee:
$2,095
Bedrooms:
3 beds
Bathrooms:
2.5 baths
Size:
Inquire
Pets:
No
Laundry:
Hookups
Parking:
Garage
Available:
Now
ID:
83807227
Amenities
•Washer/Dryer Hookups
•Dishwasher
•Fenced Yard
•Refrigerator
•Walk-in Closets
Leasing Information
Fees
•Deposit $1,550 (mandatory, refundable, move-in).
Additional Details
This 3-bedroom, 2.5-bathroom apartment at 2429 Michael Dr NE in Salem, OR 97305 rents for $2,095 a month. 2429 Michael Dr NE was advertised by SMI Property Management on June 12, 2026.
Rent History
The rent has dropped twice since it was listed on June 12, from $2,295 to $2,095.
Rent history for this home, newest first
Date
Event
Rent
Change
November 6, 2026
Price change
$2,095−4.6%
−4.6%
July 23, 2026
Price change
$2,195−4.4%
−4.4%
June 12, 2026
Listed for rent
$2,295
These are listed prices. What renters actually paid may have been different.
Affordability Calculator
Can I afford to live at 2429 Michael Dr NE?
Bedrooms
3 bedrooms
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Recommended income
$83,800 /year
With your chosen rent-to-income ratio, an annual income of $83,800 is recommended to comfortably afford this 3-bedroom rental priced at $2,095 per month.
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