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Apartments for Rent in Salem, OR 97305

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What to Know About

Living in 97305

Salem, the capital of Oregon, is a charming and vibrant city in the mid-Willamette Valley. The city boasts stunning natural landscapes, abundant outdoor attractions, and a thriving cultural, educational, and economic center, making it an ideal place to live, work, and play. Discover the city's unique character and cultural legacy at Oregon State Capitol, the historic Elsinore Theatre, and the Salem Art Association. The city is also home to several world-class educational institutions, such as Willamette University and Chemeketa Community College, offering exceptional academic opportunities.

Nature enthusiasts will love discovering the city's stunning natural wonders, including the Riverfront Park, the Minto-Brown Island Park, and the Bush's Pasture Park. Salem is also known for its wineries and breweries, with many local establishments showcasing the region's world-renowned Pinot Noir and craft beers. In addition, Salem hosts several notable events across the year, such as the Salem Art Fair and Festival, the Oregon State Fair, and the World Beat Festival, showcasing the city's unique atmosphere.

With its friendly community spirit, affordable cost of living, and cultural and recreational opportunities, Salem is a great place to call home.

Rental Market Trends

Salem, OR

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As of November 2026, Salem's rental market is balanced, with rentals spending about 36 days on the market, slower than in Oregon (28), and rents up 0.8% over the past year. Salem's average rent is 14.9% ($274) lower than the Oregon average of $1,843 and 22.9% ($467) lower than the U.S. average of $2,036.

Average Rent
$1,569
Monthly ChangeMonth Over Month Change
Increased0.08% ($1)
Yearly ChangeYear Over Year Change
Increased0.8% ($13)
Days on Market
36
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,199 Decreased0.38% ($5) Increased0.3% ($4)
2 Beds $1,488 Increased0.38% ($6) Increased1.7% ($24)
3 Beds $2,121 Decreased0.10% ($2) Decreased1.2% ($25)
Nearby Cities Average Rent Avg. Rent vs. SalemAverage Rent vs. Salem Days on Market
Keizer $1,584 Increased1.0% ($15) 34 days
Rickreall $1,927 Increased22.8% ($358) 36 days
Independence $1,696 Increased8.1% ($127) 36 days
Aumsville $1,726 Increased10.0% ($157) 35 days
Jefferson $1,663 Increased6.0% ($94) 36 days
Based on rentals advertised on RentalSource in and around Salem.
Frequently Asked Questions
Salem Rental Market FAQs

Explore rental prices, market conditions, and affordability in Salem, OR.

The average rent in Salem, OR is $1,569 per month.
In Salem, the average rent is $1,199 per month for a 1-bedroom apartment, $1,488 for a 2-bedroom apartment and $2,121 for a 3-bedroom apartment.
The average rent in Salem is 22.9% ($467) lower than the national average of $2,036 per month.
The rental market in Salem, OR is currently balanced, with rentals spending about 36 days on the market, slower than in Oregon (28), and rents up 0.8% over the past year.
Based on the current averages, a household would need an annual income of $59,500 to comfortably afford a 2-bedroom apartment in Salem.
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