Welcome to Wallace Park Apartments (03), presented by Invest West Management. We have several units available for lease. For more information and to schedule a showing, please contact us. Carports, Wallace Park Area, Living/dining/kitchen, Range/refrigerator/dishwasher/garbage Disposal, Carpet/vinyl, W/D Hookups and coinop on-site laundry room, Electric Wall Heaters, Water/sewer/garbage Included In Rent, Renter's Insurance Required, No Smoking within 25' of any building on the property, Carport, Electric Wall Heat, 12 Month Lease Prefered, Water/Sewer/Garbage is included in rent, Carpet/Vinyl, W/D Hookups and Coin op on-site laundry, Range/Refrigerator/Dishwasher/Garbage Disposal, Indoor cats and dogs under 20lbs are ok, Living/Dining/Kitchen Area, Photos are of a simular unit, Non-Smoking unit, Clubhouse with fitness center, Small pets welcome $500 Deposit, For more information please contact us at 360-254-9482, No Smoking in units or within 40 feet from all buildings, Ceiling Fan In Dinning Area, Pet Screening is mandatory before approval, Must provide proof of renter's liability insurance or pay $15 a month for our provided policy, Water/Sewer/Garbage/Landscaping & Range/Refrigerator/Dishwasher. Pet Friendly.
RentalSource last checked: June 11, 2026 · 3:00 PM ET
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Property Summary
Property Type:
Apartment
Rental Fee:
$1,325 - $1,400
Bedrooms:
2 beds
Bathrooms:
1 baths
Size:
986 sqft
Pet Friendly:
Yes
Listing Status:
Active
ID:
82862747
Property Amenities
• Carpeted Floors
• Ceiling Fan
• Garbage Disposal
• Pet Friendly
• Refrigerator
• Washer/Dryer Hk-up
Community Features
• Clubhouse
• Fitness Center
• Laundry Facilities
• Parking
Unit Rates
Name
Beds
Baths
Sqft
Rent
2 Beds
2
1
986
$1,325 - $1,400
2 Beds
2
1
986
$1,325
Additional Details
Apartment for rent in Salem for $1,325-$1,400 with 2 beds, 1 bath, 986 sqft, pet friendly and located at 540 Wallace Rd NW in Salem, OR 97304. The averaged rental price of $1,363 is 7.9% ($117) lower than the average rent of $1,480 for a 2 bedroom apartment in Salem, OR and 9.7% ($146) lower than the average rent of $1,509 for a 2 bedroom apartment in Polk County. 540 Wallace Rd NW was advertised by Invest West Management on January 15, 2026 at 9:03 AM ET and last updated yesterday at 3:00 PM ET.
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Bedrooms
2 bedrooms
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Recommended income
$53,000 /year
With your chosen rent-to-income ratio, an annual income of $53,000 is recommended to comfortably afford this 2-bedroom rental priced at $1,325 per month.
