Apartments for Rent in Salem, OR

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Viewing 1-20 of 276 rentals in Salem
What to Know About

Living in Salem, OR

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

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 14.4% ($239) lower than the Oregon average of $1,656 and 20.2% ($358) lower than the U.S. average of $1,775.

Average Rent
$1,417
Monthly ChangeMonth Over Month Change
Increased2.5% ($34)
Yearly ChangeYear Over Year Change
Increased0.5% ($7)
Avg. Days on MarketAverage Days on Market
35
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,189 Decreased0.8% ($10) Decreased0.9% ($11)
2 Beds $1,455 Increased1.2% ($17) Increased0.7% ($10)
3 Beds $2,040 Decreased3.3% ($70) Decreased1.6% ($33)
Nearby Cities Average Rent Avg. Rent vs. SalemAverage Rent vs. Salem Avg. Days on MarketAverage Days on Market
Independence $1,772 Increased25.1% ($355) 33 days
Jefferson $1,921 Increased35.6% ($504) 36 days
Mount Angel $1,525 Increased7.6% ($108) 33 days
Woodburn $1,802 Increased27.2% ($385) 34 days
Dallas $1,246 Decreased12.1% ($171) 35 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, OR.

The average rent in Salem, OR is $1,417 per month.
Apartments in Salem typically rent for between $832 and $2,652 per month, with an average of $1,417 per month.
In Salem, the average rent for a 1-bedroom apartment is $1,189 per month, for a 2-bedroom apartment, $1,455 per month, and a 3-bedroom apartment is $2,040 per month.
The average rent in Salem is 20.2% ($358) lower than the national average of $1,775 per month.
The average rent in Salem has increased by 2.5% ($34) in the last month and increased by 0.5% ($7) over the past year.
The rental market in Salem, OR, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Salem, OR, the average rental stays on the market for approximately 35 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 340 rental properties available in Salem, OR.
Based on the current averages, a household would need an annual income of $58,200 to comfortably afford a 2-bedroom apartment in Salem.
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