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540 Wallace Rd NW #111

Salem, OR 97304 - Polk County

Apartment

3 beds

2 baths

1,132 sqft

Cats & dogs OK

W/D hookups

About 540 Wallace Rd NW #111

Invest West Management. Charming Apartment Near Wallace Park. Enjoy comfortable living in the desirable Wallace Park area. This apartment offers a convenient layout and access to great community amenities.

Apartment Features. Carpet and vinyl flooring. Open living, dining, and kitchen area. Range, refrigerator, dishwasher, and garbage disposal included. Ceiling fan in dining area. Electric wall heat. Washer/dryer hookups. On-site coin-operated laundry facilities. Carport parking. On-site management. On-site maintenance.

All information, including amenities and features, is provided to the best of our knowledge but is not guaranteed; applicants are encouraged to verify any details important to them during a required property viewing prior to submitting a deposit or application. Amenities: Living/dining/kitchen, Electric Wall Heaters, Renter's Insurance Required, 12 Month Lease Prefered & Living/Dining/Kitchen Area.

1 day on RentalSource

RentalSource last checked: 20 hours ago · Listing updated: October 30, 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Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.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:	$1,550
Bedrooms:	3 beds
Bathrooms:	2 baths
Size:	1,132 sqft

Pets:	Cats & dogs
Laundry:	Hookups
Parking:	Yes
Available:	November 9, 2026
ID:	84674275

Amenities

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

Leasing Information

Fees

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

Additional Details

This 3-bedroom, 2-bathroom apartment at 540 Wallace Rd NW #111 in Salem, OR 97304 rents for $1,550 a month. It has 1,132 square feet and is pet friendly. 540 Wallace Rd NW #111 was advertised by Invest West Management on October 30, 2026.

How the Rent Compares

At $1,550 a month, this apartment is below the typical rent for 3-bedroom apartments and condos in Salem (about $1,850).

From 38 three-bedroom apartments and condos listed in Salem on RentalSource in November 2026: the scale holds eight in ten of them, and the shaded band the middle half.

$1,850Typical rent for 3-bedroom apartments and condos in Salem

$1,590–$2,050Middle half of their rents

28 daysAverage time they have been listed

See 3+ bedroom rentals in Salem

Affordability Calculator

Can I afford to live at 540 Wallace Rd NW #111?

Bedrooms

3 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

$62,000 /year

With your chosen rent-to-income ratio, an annual income of $62,000 is recommended to comfortably afford this 3-bedroom rental priced at $1,550 per month.

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

Apartment for rent

$1,550

Deposit $600 · All fees

Can I afford this home?

Interested in 540 Wallace Rd NW #111?

Find out more about this property & see if it's available now.

Property managed by:

Invest West Management

(503) 588-2996 · View all 41 rentals

Avoid rental scams - Situations involving wire transfers or a landlord who can't meet you in person can be red flags.