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River Valley Terrace

640-648 River Valley Dr NW, Salem, OR 97304 - Polk County

Apartment

3 beds

2 baths

1,100 sqft

Cats & dogs OK

In-unit laundry

About 640-648 River Valley Dr NW

Tucked away from all the hubbub in the beautiful West Salem hills you will find our modern 3 bedroom, 2 bathroom apartment located in the heart of West Salem. This spacious unit features sleek LVP flooring in the common areas, perfect for easy maintenance and a contemporary look. Enjoy the convenience of having a washer and dryer included in your apartment, as well as the comfort of air conditioning. Step outside onto your private balcony and take in the fresh air. With two full bathrooms and a walk-in closet, this apartment offers plenty of space and storage for your needs. Water/sewer/garbage paid. Assigned parking. Pets allowed upon approval, additional deposit and $100/mo pet rent.

(All scheduled showings will be required to provide a valid ID). Amenities: Landscaping.

46 days on RentalSource

RentalSource last checked: 14 hours ago · Listing updated: October 25, 2026

Managed by Homestead Property Management · (503) 838-1772

Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type:	Apartment
Rental Fee:	$1,500
Bedrooms:	3 beds
Bathrooms:	2 baths
Size:	1,100 sqft

Pets:	Cats & dogs
Laundry:	In unit
Parking:	Yes
Available:	Now
ID:	84400603

Amenities

Water, Sewer & Trash Included
Washer/Dryer In Unit
Air Conditioning
Parking
Balcony/Patio
Storage
Vinyl/Laminate Floors
Walk-in Closets

Leasing Information

Fees

Deposit $1,500 (mandatory, refundable, move-in).

Additional Details

This 3-bedroom, 2-bathroom apartment at River Valley Terrace, 640-648 River Valley Dr NW, in Salem, OR 97304 rents for $1,500 a month. It has 1,100 square feet and is pet friendly. River Valley Terrace was advertised by Homestead Property Management on September 17, 2026.

How the Rent Compares

At $1,500 a month, this apartment is below the typical rent for 3-bedroom apartments and condos in Salem (about $1,850).

From 39 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

30 daysAverage time they have been listed

See 3+ bedroom rentals in Salem

Affordability Calculator

Can I afford to live at 640-648 River Valley Dr NW?

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

$60,000 /year

With your chosen rent-to-income ratio, an annual income of $60,000 is recommended to comfortably afford this 3-bedroom rental priced at $1,500 per month.

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

Apartment for rent

$1,500

Deposit $1,500 · All fees

Can I afford this home?

Interested in 640-648 River Valley Dr NW?

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Property managed by

Homestead Property Management

(503) 838-1772 · View all 13 rentals

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