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Apartments Under $500 in Salem, OR

1 - 1 of 1 Result
$ Ask - 1,195
Lancaster Commons
2489 Coral Ave Ne Salem, OR
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
1 - 1 of 1 Results

All Apartments in Salem, OR

30 Results
36
$1,695 - 2,082
Acero West Salem
Deal
4.8
1948 Linwood St Nw Salem, OR
1 - 2 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
21
$1,325 - 1,495
Brook Hollow Apartments
3.6
4154 Sunnyview RD NE Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony/Deck/Patio
24
$1,399 - 2,199
The Reserve at Hawks Ridge Apartments
4.0
1569 Whitaker Dr SE Salem, OR
1 - 3 BR | Ask for Availability
Contact
Dog Friendly
Luxury
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
24
$1,295 - 1,495
4 Corners Apartments
178-210 SE Lancaster Dr Salem, OR
1 - 2 BR | Nov. 16, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Dishwasher
46
$1,395
Newcastle Place Apartments
4470 Conser Way NE Salem, OR
2 BR | Available Now
Contact
Air Conditioning
Surface Parking
Storage
Disability Access
Dishwasher
20
$1,849
Liberty Crest Apartments
1032 Big Mountain Ave S Salem, OR
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Fitness Center
Dishwasher
23
$1,495
Cherry Glen Apartments
3568 Cherry Glen Pl NE Salem, OR
2 BR | Nov. 23, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Disability Access
2
$1,150 - 1,395
Lockwood Apartments — 1 Bed/1 Bath: $1150 - $1395/month | Salem, Or
701-725 Lockwood Ln S Salem, OR
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
1
$1,175
1253 Royvonne Ave Apt 22 SE
Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
3
$1,360 - 1,760
May's Landing Apartments- Newly Constructed 2020
1510 1520 St Salem, OR
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
Southeast Salem
0
$1,325 - 1,550
Wallace Park Apartments (03)
540 Wallace Rd NW Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Fitness Center
Storage
41
$1,395
Harmona Heights Apartments
1055 Schurman Dr S Salem, OR
1 BR | Oct. 21, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
South Salem
7
$1,249
Woodside Estates Apartments
5535 Woodside Dr SE Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
South Gateway
36
$1,449 - 1,525
Live The South Salem Lifestyle: Walkable City, Beautiful Nature, Endless Possibilities.
1194 Barnes Rd SE Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Fitness Center
Dishwasher
15
$1,450 - 2,150
Anthony's Corner Lofts
5775 Commercial St SE Salem, OR
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
South Gateway
$1,425 - 1,450
Willamette View Apartments
2332 Crestview Dr S Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
1
$1,850
South Salem Cottage - Move-in Ready - $750 In Free Rent
2584 Gilbert St S Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
South Salem
1
$1,850
Beautiful 2 Bedroom Cottage - $750 In Free Rent
2568 Gilbert St S Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
South Salem
1
$1,850
Free Rent - South Salem Cottage - New Construction - Move-in Ready!
2528 Gilbert St S Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
South Salem
1
$2,895
4023 Carolina Ave NE
Salem, OR
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
3
$1,350
Catalina Apartments
4142-4166 State St Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$1,850
South Salem Cottage - New Construction - $750 In Free Rent
2576 Gilbert St S Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
South Salem
0
$1,150
Spacious Two Bedroom, One Bathroom
Oakview Ter Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,250
PO Box 5517
Salem, OR
2 BR | Available Now
Contact
1
$1,850
Free Rent - Gorgeous & Spacious Cottage In South Salem
2512 Gilbert St S Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
South Salem
1
$1,150
Spring Creek
817-899 25th St SE Salem, OR
1 BR | Available Now
Contact
Southeast Salem
1
$1,850
Bright And Cozy Two Bedroom Cottage - $750 In Free Rent
2552 Gilbert St S Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
South Salem
1
$1,875
Downtown Salem Condo | Air Conditioning | Off-street Parking
295 Church St Ste 403 SE Salem, OR
1 BR | Available Now
Contact
Dishwasher
Central Area
0
$1,995
New Construction - 2 Bedroom Cottage - Air Conditioning - Free Rent*
2560 Gilbert St S Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
South Salem
1
$1,995
Beautiful New Construction South Salem Cottage - $750 Free Rent
2592 Gilbert St S Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
South Salem
  1. Home
  2. Salem
  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Salem, OR on Rentable.co?

There is 1 apartment under $500 in Salem currently available for rent on Rentable.co.

How many one-bedroom apartments under $500 are available in Salem?

Rentable.co has 5 one-bedroom apartments under $500 available for rent in Salem.

How many two-bedroom apartments under $500 are available in Salem?

Rentable.co has 29 two-bedroom apartments under $500 available for rent in Salem.

Which neighborhoods have the most apartments under $500 for rent in Salem, OR?

  1. Lansing

Apartments Under $500 in Salem, OR: October Rental Information

Welcome to the October 2026 Salem Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the October 2026 key findings and figures for the Salem rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Salem and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $500 in Salem.

Please note that these figures are subject to change and may vary depending on the specific location and apartment complex. To get the most accurate and up-to-date information, we recommend using our search filters and contacting the rental properties directly.
0 7 15 22 30 <$1,000 $1,020 $1,060 $1,100 $1,140 $1,180 $1,220 $1,260 $1,300 $1,340 $1,380 $1,420 $1,460 $1,500 $1,540 $1,580 $1,620 $1,660 >$1,700

Available Apartments Under $500: Salem vs. Surrounding Areas

In the chart above, you can find the number of available apartments under $500 in Salem, OR and the surrounding cities for the month of October 2026. The chart includes data for the cities in close proximity to Salem, such as Molalla, Monmouth, Mount Angel, Scotts Mills, Silverton, Stayton, Sublimity, Turner, Woodburn, Aumsville, Carlton, Dallas, Dundee, Falls City, Hubbard, Independence, Keizer, Lafayette, Lyons, McMinnville, Amity, Sheridan, Willamina, Donald, and Rickreall. Currently, the total inventory of available apartments under $500 in the Salem, OR metro area is 2. This information can help you in your search for affordable rental options in the area. Please note that availability may vary and it is advisable to check with the property listings on Rentable for the most up-to-date information.

Apartments Under $500 Now vs. Last Month: Salem and Surrounding Areas

City Apartments Under $500 in October M/M % Change
Salem, OR 2 +1.0%
Silverton, OR 1 +1.0%

Looking for Apartments Under $500 in Salem?

Available apartments under $500 58
Top amenities Storage, On Site Laundry, Refrigerator, Range / Oven, Clubhouse
Pet friendly 2
1 Bedroom 1
2 Bedroom 1
Square footage 643 - 910
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