Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Salem area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments Under $500 in Salem, OR

1 - 2 of 2 Results
8
$ Ask - 1,450
Chemeketa Apartments
1225 Chemeketa St Ne Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Central Area
$ 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 - 2 of 2 Results

All Apartments in Salem, OR

30 Results
36
$1,595 - 2,160
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
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
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
23
$1,495
4 Corners Apartments
178-210 SE Lancaster Dr Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Dishwasher
11
$1,250 - 1,290
Ellsworth Square Apartments
2800 Fisher Rd NE Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
27
$1,250 - 1,295
Summit View
401 Ratcliff Dr SE Salem, OR
1 - 2 BR | Feb. 16, 2026
Contact
Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
In Unit Laundry
45
$1,395
Newcastle Place Apartments
4470 Conser Way NE Salem, OR
2 BR | Available Now
Contact
Air Conditioning
Surface Parking
Storage
Disability Access
Dishwasher
22
$1,295 - 1,495
Cherry Glen Apartments
3568 Cherry Glen Pl NE Salem, OR
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Disability Access
1
$1,275
Park Ave Ne #2022-1230
1723-1727 Park Ave Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
3
$1,350 - 1,825
May's Landing Apartments- Newly Constructed 2020
1510 1520 St Salem, OR
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
Southeast Salem
11
$1,450 - 2,350
Anthony's Corner Lofts
5775 Commercial St SE Salem, OR
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
South Gateway
34
$1,425 - 1,985
The Summit At Red Leaf
5715 Red Leaf Dr S Salem, OR
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,395
Dorval #2022-955
1214-1224 Dorval Ave Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
1
$2,500
Welcome To Your New Home- Brand New Unit- Be The First To Live In It!!
1166 7th St NW Salem, OR
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
7
$1,345 - 1,445
Upland Terrace
410-476 Vista Ave SE Salem, OR
2 BR | Available Now
Contact
40
$1,450
River Valley Terrace
640-648 River Valley Dr NW Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$1,995
Skyline Rd S Duplex #2023-ll787
4825 4827 Skyline Rd S Salem, OR
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
5
$1,085 - 1,800
#375 Willamette Terrace
357 Owens St S Salem, OR
1 - 3 BR | Available Now
Contact
Balcony/Deck/Patio
Dishwasher
25
$1,495
Birch Place Apartments
4712 4722 4732 Silverton Rd NE Salem, OR
2 BR | Feb. 16, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
39
$1,395 - 1,650
Harmona Heights Apartments
1055 Schurman Dr S Salem, OR
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
South Salem
1
$1,350 - 1,495
1973 45th Ave NE
Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
5
$1,335 - 1,415
Vista Pointe Luxury Apartments
1830 Wiltsey Rd SE Salem, OR
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony/Deck/Patio
Dishwasher
1
$2,795
5162 Constellation Ave NE
Salem, OR
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
Fireplace
1
$1,995
Homestead Loves Their Tenants! 1/2 One Months Rent!
1957 Maplewood Ct S Salem, OR
3 BR | Available Now
Contact
House
0
$1,995
Rent At Reed Today!!
5831 Reed Ln SE Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
1
$1,225 - 1,325
4030 La Palms Ln NE
Salem, OR
2 BR | Available Now
Contact
Dishwasher
1
$1,950
3489 3493 Hawthorne Ave NE
Salem, OR
3 BR | Available Now
Contact
Dishwasher
1
$1,300 - 1,650
3211-3342 AUTUMN CHASE NE
Salem, OR
2 - 3 BR | Available Now
Contact
Dishwasher
0
$1,495
Winter Special - Newly Renovated Downtown Salem Studio
455 Court St #207 Salem, OR
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
Central Area
1
$1,350
Skyline 6 Plex #2024-joc40
4798 Skyline Rd #1-6 Salem, OR
2 BR | Available Now
Contact
Dishwasher
Fireplace
Sunnyslope
  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 are 2 apartments 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 33 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: February Rental Information

Welcome to the February 2026 Salem Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 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

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 February 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 February M/M % Change
Salem, OR 3 +1.0%
Monmouth, OR 1 +0.33%
Molalla, OR 1 +1.4%

Looking for Apartments Under $500 in Salem?

Available apartments under $500 38
Top amenities Air Conditioning, Storage, Refrigerator, Range / Oven, Clubhouse
Pet friendly 5
2 Bedroom 5
Square footage 844 - 910
Browse Salem Apartments
Salem Apartments by Neighborhood
Salem Apartments by Bedrooms
Salem Apartments by Affordability
Salem Apartments with Amenities
Salem Apartments by Type
Colleges Near Salem
Salem Apartments by Zip Code