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Wallace Park

540 Wallace Rd NW, Salem, OR 97304 - Polk County

Apartment

2-3 beds

1-2 baths

986-1,132 sqft

Cats & dogs OK

W/D hookups

About 540 Wallace Rd NW

Wallace Park Apartments. Wallace Park Apartments in Salem, OR offers a convenient living experience in the Wallace Park area. Each apartment includes a practical living/dining/kitchen layout, carpet and vinyl flooring, and a kitchen equipped with a range, refrigerator, dishwasher, and garbage disposal. Added conveniences include W/D hookups, an on-site coin-operated laundry room, electric wall heaters, and available carports. Water, sewer, and garbage are included in the rent. Renter's insurance is required, and smoking is not permitted within 40 feet of any building on the property. Amenities: Renter's Insurance Required, Electric Wall Heat, 12 Month Lease Prefered, Indoor cats and dogs under 20lbs are ok, Living/Dining/Kitchen Area, Photos are of a simular unit, 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, Electric Heat, Renters Liability Insurance is required and tenant will be charged $10.50 until proof of insurance & Water/sewer/garbage/landscaping.

17 days on RentalSource

RentalSource last checked: 12 hours ago · Listing updated: November 9, 2026

Managed by Invest West Management · (503) 588-2996

Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type:	Apartment
Rental Fee:	$1,295 - $1,550
Bedrooms:	2-3 beds
Bathrooms:	1-2 baths
Size:	986-1,132 sqft

Pets:	Cats & dogs
Laundry:	Hookups
Parking:	Yes
Available:	Now
ID:	84121391

Amenities

Water, Sewer & Trash Included
Washer/Dryer Hookups
Laundry Facilities
Parking
Dishwasher
Carpeted Floors
Ceiling Fan
Clubhouse
Fitness Center
Garbage Disposal
Refrigerator
Smoke-Free
Vinyl/Laminate Floors

Unit Rates

Name	Beds	Baths	Sqft	Rent
2 Beds	2	1	986	$1,295
3 Beds	3	2	1,132	$1,550

Leasing Information

Fees

Deposit $600 (mandatory, refundable, move-in).

Additional Details

Wallace Park at 540 Wallace Rd NW in Salem, OR 97304 has 2- to 3-bedroom apartments for rent from $1,295 to $1,550 a month. They have 1 to 2 bathrooms and 986 to 1,132 square feet. Pets are welcome. Wallace Park was advertised by Invest West Management on October 29, 2026.

Affordability Calculator

Can I afford to live at 540 Wallace Rd NW?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

10% Recommended 50%

Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.

Recommended income

$51,800 /year

With your chosen rent-to-income ratio, an annual income of $51,800 is recommended to comfortably afford this 2-bedroom rental priced at $1,295 per month.

For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.

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