Apartments for Rent in Salem, OR

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Viewing 41-60 of 302 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 May 2025, Salem's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Salem's average rent is 16.4% ($270) lower than the Oregon average of $1,647 and 23.2% ($416) lower than the U.S. average of $1,793.

Average Rent
$1,377
Monthly ChangeMonth Over Month Change
Decreased2.4% ($34)
Yearly ChangeYear Over Year Change
Decreased6.3% ($92)
Avg. Days on MarketAverage Days on Market
35
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,193 Decreased0.2% ($2) Decreased0.6% ($7)
2 Beds $1,442 Decreased1.2% ($17) Decreased1% ($14)
3 Beds $1,962 Increased4.8% ($90) Decreased8.8% ($190)
Nearby Cities Average Rent Avg. Rent vs. SalemAverage Rent vs. Salem Avg. Days on MarketAverage Days on Market
Independence $1,703 Increased23.7% ($326) 33 days
Aumsville $1,328 Decreased3.6% ($49) 34 days
Jefferson $1,846 Increased34.1% ($469) 36 days
Sublimity $1,829 Increased32.8% ($452) 34 days
Mount Angel $1,525 Increased10.7% ($148) 33 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 $1,377 per month.
Apartments in Salem typically rent for between $835 and $2,551 per month, with an average of $1,377 per month.
In Salem, the average rent for a 1-bedroom apartment is $1,193 per month, for a 2-bedroom apartment, $1,442 per month, and a 3-bedroom apartment is $1,962 per month.
The average rent in Salem is 23.2% ($416) lower than the national average of $1,793 per month.
The average rent in Salem has decreased by 2.4% ($34) in the last month and decreased by 6.3% ($92) 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 380 rental properties available in Salem, OR.
Based on the current averages, a household would need an annual income of $57,680 to comfortably afford a 2-bedroom apartment in Salem.
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