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247 Madrona Ave SE

Salem, OR 97302 - Marion County

Apartment

2 beds

2 baths

948 sqft

No pets

W/D hookups

About 247 Madrona Ave SE

Half off the first full months rent. This well-maintained, spacious two bedroom/two bathroom apartment on the ground floor, features newly installed carpet. There are also a washer/dryer hook-up's. This apartment is close to Salem Heights Elementary and shopping.

Tenant pays all utilities, except water, sewer, and garbage. Minimum one year lease. No pets. No smoking. Schools - Salem Heights Elem, Crossler MS, Sprague HS.

Tenant pays all utilities, unless stated above. All properties prohibit pets, unless stated above. If the property allowed a pet, AND the pet is approved; the refundable security deposit will be increased $500 per pet. Pet rent will be $35 per month, per pet. An additional pet addendum will be signed.

Renter's liability insurance is required ($300,000 in coverage). Please review our Rental Application Disclosures for details and exceptions. All properties are non-smoking. Images may be representative of the property. Floor plans, contents and decor can change over time.

Square footage is approximate. Amenities: 2/2, Electric Cadet Heaters, Built 2006 & Electric Hot Water Heater.

107 days on RentalSource

RentalSource last checked: 21 hours ago · Listing updated: October 25, 2026

Managed by Premium Property Management · (503) 585-2266

Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type:	Apartment
Rental Fee:	$1,345
Bedrooms:	2 beds
Bathrooms:	2 baths
Size:	948 sqft

Pets:	No
Laundry:	Hookups
Parking:	Inquire
Available:	Now
ID:	84092964

Amenities

Washer/Dryer Hookups
Dishwasher
Carpeted Floors
Electric Range
Garbage Disposal
Refrigerator
Smoke-Free

Leasing Information

Fees

Deposit $1,345 (mandatory, refundable, move-in).

Additional Details

This 2-bedroom, 2-bathroom apartment at 247 Madrona Ave SE in Salem, OR 97302 rents for $1,345 a month. It has 948 square feet. 247 Madrona Ave SE was advertised by Premium Property Management on July 29, 2026.

How the Rent Compares

At $1,345 a month, this apartment is close to the typical rent for 2-bedroom apartments and condos in Salem (about $1,350).

From 144 two-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.

$1,350Typical rent for 2-bedroom apartments and condos in Salem

$1,250–$1,510Middle half of their rents

41 daysAverage time they have been listed

See 2+ bedroom rentals in Salem

Rent History

The rent hasn't changed since it was listed on July 29. This home was last listed for rent on RentalSource from February to April 2026, starting at $1,345 and ending at $1,295. Today's rent is $50 higher.

Rent history for this home, newest first
Date	Event	Rent	Change
July 29, 2026	Listed for rent	$1,345+3.9%	+3.9%
April 17, 2026	Listing removed	$1,295
April 1, 2026	Price change	$1,295−3.7%	−3.7%
February 4, 2026	Listed for rent	$1,345+3.9%	+3.9%
January 14, 2023	Listing removed	$1,295
October 1, 2022	Listing removed	$1,295

These are listed prices. What renters actually paid may have been different.

Affordability Calculator

Can I afford to live at 247 Madrona Ave SE?

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

$53,800 /year

With your chosen rent-to-income ratio, an annual income of $53,800 is recommended to comfortably afford this 2-bedroom rental priced at $1,345 per month.

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

Commute

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