Last updated
Average Rent in Salem, OR & Rent Trends
Rent prices and market trends across 4 apartment communities in Salem, OR. Updated daily.
Market Average
$2,231/mo
▲ +4.6% from last month
Lowest Available
$1,575/mo
cheapest unit on market
Communities
4
tracked daily
Units Listed
25
available now
Rent by Neighborhood in Salem, OR
Compare average rent across Salem, OR neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Salem 97304 | $2,695 | $2,545 | 1 | 2 |
| Northeast Neighbors | $1,706 | $950 | 2 | 54 |
| South Salem | $1,445 | $949 | 2 | 39 |
| Salem 97303 | $1,426 | $1,399 | 1 | 3 |
Is Rent Going Up or Down in Salem, OR?
As of May 2026, the average rent in Salem, OR is $2,231 per month across 4 apartment communities and 25 available units. Rents have increased $76 (4.6%) over the past month.
The most affordable option is Crown Property Management, Inc. starting at $1,575/mo. By unit type, a 3-bedroom averages $2,231/mo.
Prices range from $1,575 to $2,850 per month. The most common price point is the $2,200 range, where 12 units are currently listed.
Salem, OR Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Salem, OR
Rent Prices by Apartment in Salem, OR
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Crown Property Management, Inc. | $1,575/mo | $2,211/mo | 18 | 3.4 |
| Centurion Real Estate Management, LLC - Salem | $1,695/mo | $2,213/mo | 3 | 4.5 |
| Willamette Meadow Property Management | $2,195/mo | $2,262/mo | 3 | 2.4 |
| Titan Hill Townhomes | $2,545/mo | $2,545/mo | 1 | 4.7 |
Google Search Trends for Salem, OR Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Salem, OR
What is the average rent in Salem, OR?
Is rent going up or down in Salem, OR?
What is the cheapest apartment in Salem, OR?
How many apartments are available in Salem, OR?
What salary do I need to live comfortably in Salem, OR?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$89,000/year
30 percent rule -- using our average rent of $2,231/mo.
Comfortable income
$107,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,575/mo), you need to earn at least $63,000/year.
Median household income in Salem, OR is $71,900 , about 33% below the comfortable-living threshold.
Cost of living in Salem, OR
Overall prices in Salem, OR runs above the national average by about 2% (BEA Regional Price Parity index 102.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Salem, OR's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,231 |
| Utilities | $412 |
| Groceries | $566 |
| Transportation | $981 |
| Healthcare | $479 |
| Other goods and services | $766 |
| Estimated total | $5,434/mo |
Population
176,666
Median household income
$71,900
Census median rent
$1,323/mo
Rent as % of income
32.9%
Median age
35.7
Mean commute
22 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Salem, OR Apartments
Browse all 4 communities with daily-updated pricing and availability.