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 August 2025, Salem's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Salem's average rent is 7.5% ($208) lower than the Massachusetts average of $2,762 and 42.7% ($764) higher than the U.S. average of $1,790.

Average Rent

$2,554

Monthly ChangeMonth Over Month Change

4.1% ($109)

Yearly ChangeYear Over Year Change

7.9% ($186)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$2,209	0.1% ($2)	1.2% ($27)
2 Beds	$2,966	0.3% ($8)	12.3% ($325)
3 Beds	$3,342	7.4% ($269)	1.8% ($61)

Nearby Cities	Average Rent	Avg. Rent vs. SalemAverage Rent vs. Salem	Avg. Days on MarketAverage Days on Market
Peabody	$2,946	15.3% ($392)	26 days
Swampscott	$3,223	26.2% ($669)	32 days
Lynn	$2,298	10% ($256)	61 days
Beverly	$2,639	3.3% ($85)	32 days
Danvers	$2,873	12.5% ($319)	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.

What is the average rent in Salem, MA?

The average rent in Salem, MA is $2,554 per month.

What is the rental price range for apartments in Salem, MA?

Apartments in Salem typically rent for between $1,546 and $4,345 per month, with an average of $2,554 per month.

What is the average rent for different bedroom sizes in Salem, MA?

In Salem, the average rent for a 1-bedroom apartment is $2,209 per month, for a 2-bedroom apartment, $2,966 per month, and a 3-bedroom apartment is $3,342 per month.

How do rent prices in Salem, MA compare with the national average?

The average rent in Salem is 42.7% ($764) higher than the national average of $1,790 per month.

How have rent prices in Salem, MA changed recently?

The average rent in Salem has decreased by 4.1% ($109) in the last month and increased by 7.9% ($186) over the past year.

How competitive is the rental market in Salem, MA?

The rental market in Salem, MA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Salem, MA?

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.

How many rental properties are available in Salem, MA?

There are currently 30 rental properties available in Salem, MA.

Can I afford to rent an apartment in Salem, MA?

Based on the current averages, a household would need an annual income of $118,640 to comfortably afford a 2-bedroom apartment in Salem.