Homes for Rent in 01970

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What to Know About

Life in Salem & Beyond

Salem shares many of the great qualities that make Massachusetts a desirable place to live.

Massachusetts is rich in American history and renowned for its beautiful cities and breathtaking natural landscapes. Visit historical sites such as the Freedom Trail and USS Constitution Museum to experience the birthplace of America. In addition, it's the home to world-class universities such as Harvard University, Massachusetts Institute of Technology (MIT), and Boston College, adding to the state's innovation and education. Massachusetts also has a strong job market and a thriving economy.

For sports fans, Massachusetts is home to the New England Patriots (NFL), Boston Bruins (NFL), Boston Red Sox (MLB), Boston Celtics (NBA), and iconic venues such as Fenway Park and Gillette Stadium. In addition, the state offers a diverse range of outdoor experiences for those seeking adventure, from whale watching on the Cape Cod coast to hiking in the scenic Berkshire Mountains. See famous attractions like the Salem Witch Trials Memorial, the New England Aquarium, and the charming Martha's Vineyard.

With its warm and welcoming atmosphere, rich historical heritage, and endless opportunities, embrace the Bay State and discover why Massachusetts is the ideal place to call home.

Rental Market Trends

Salem, MA

As of July 2025, Salem's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Salem's average rent is 3.1% ($86) lower than the Massachusetts average of $2,749 and 50.0% ($888) higher than the U.S. average of $1,775.

Average Rent
$2,663
Monthly ChangeMonth Over Month Change
Decreased4.6% ($129)
Yearly ChangeYear Over Year Change
Increased11% ($263)
Avg. Days on MarketAverage Days on Market
27
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,211 Decreased6.8% ($161) Decreased1.8% ($41)
2 Beds $2,974 No change Increased13.8% ($360)
3 Beds $3,611 Increased8.3% ($276) Increased7.2% ($243)
Nearby Cities Average Rent Avg. Rent vs. SalemAverage Rent vs. Salem Avg. Days on MarketAverage Days on Market
Peabody $2,985 Increased12.1% ($322) 26 days
Swampscott $3,216 Increased20.8% ($553) 32 days
Lynn $2,174 Decreased18.4% ($489) 61 days
Beverly $2,563 Decreased3.8% ($100) 32 days
Danvers $2,941 Increased10.4% ($278) 27 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Salem Rental Market FAQs

Explore rental prices, market trends, and availability in Salem, MA.

The average rent in Salem, MA is $2,663 per month.
Homes in Salem typically rent for between $1,548 and $4,694 per month, with an average of $2,663 per month.
In Salem, the average rent for a 1-bedroom home is $2,211 per month, for a 2-bedroom home, $2,974 per month, and a 3-bedroom home is $3,611 per month.
The average rent in Salem is 50% ($888) higher than the national average of $1,775 per month.
The average rent in Salem has decreased by 4.6% ($129) in the last month and increased by 11.0% ($263) over the past year.
The rental market in Salem, MA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Salem, MA, the average rental stays on the market for approximately 27 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 33 rental properties available in Salem, MA.
Based on the current averages, a household would need an annual income of $118,960 to comfortably afford a 2-bedroom home in Salem.
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