Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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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 June 2026, Salem's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Salem's average rent is 6.5% ($179) lower than the Massachusetts average of $2,761 and 43.7% ($785) higher than the U.S. average of $1,797.
Average Rent
$2,582
Monthly ChangeMonth Over Month Change
2.4% ($61)
Yearly ChangeYear Over Year Change
7.5% ($210)
Avg. Days on MarketAverage Days on Market
27
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $2,169 | 2.1% ($45) | 8.6% ($203) |
| 2 Beds | $2,723 | 0.2% ($6) | 8.4% ($251) |
| 3 Beds | $3,154 | 1.2% ($37) | 5.4% ($181) |
| Nearby Cities | Average Rent | Avg. Rent vs. SalemAverage Rent vs. Salem | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Peabody | $2,665 | 3.2% ($83) | 26 days |
| Swampscott | $2,980 | 15.4% ($398) | 32 days |
| Lynn | $2,169 | 16% ($413) | 61 days |
| Beverly | $2,357 | 8.7% ($225) | 32 days |
| Danvers | $3,169 | 22.7% ($587) | 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 $2,582 per month.
Apartments in Salem typically rent for between $1,518 and $4,100 per month, with an average of $2,582 per month.
In Salem, the average rent for a 1-bedroom apartment is $2,169 per month, for a 2-bedroom apartment, $2,723 per month, and a 3-bedroom apartment is $3,154 per month.
The average rent in Salem is 43.7% ($785) higher than the national average of $1,797 per month.
The average rent in Salem has increased by 2.4% ($61) in the last month and decreased by 7.5% ($210) 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 56 rental properties available in Salem, MA.
Based on the current averages, a household would need an annual income of $108,920 to comfortably afford a 2-bedroom apartment in Salem.
