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Apartments Under $500 in Salem, OR

1 - 3 of 3 Results
1
$ Ask - 1,995
5482 & 5486 Monterey Dr SE
Salem, OR
2 BR | Jan. 10, 2026
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
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 - 3 of 3 Results

All Apartments in Salem, OR

30 Results
36
$1,600 - 2,218
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
20
$1,395 - 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
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
9
$1,250
Four Corners 8-plex
4230-4242 State St Salem, OR
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
17
$1,695
White Oak Luxury Apartments
2.6
1807 Wiltsey Rd SE Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
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
1
$2,995
Winter Move In Special* $700 Off First Full Months Rent***
5120 Hill Villa Ave S Salem, OR
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
Dishwasher
9
$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
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
25
$1,495
Birch Place Apartments
4712 4722 4732 Silverton Rd NE Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
0
$1,495
3598 Cherry Glen Pl #203 NE
Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
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
22
$1,345
4315 25th Ave NE
Salem, OR
2 BR | Dec. 30, 2025
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
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
1
$2,395
$99 Move In Special After Approved & Security Deposit Paid
5627 Seeger Ln Salem, OR
3 BR | Available Now
Contact
Dog Friendly
House
Storage
Dishwasher
1
$1,950
3489 3493 Hawthorne Ave NE
Salem, OR
3 BR | Available Now
Contact
Dishwasher
1
$2,300
South Salem Cutie!
1957 Maplewood Ct S Salem, OR
3 BR | Available Now
Contact
House
1
$1,595
Single Level Triplex Ready To Move In!
4871 Elkhorn Dr SE Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
0
$2,055
Rent At Reed Today!!
5831 Reed Ln SE Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
0
$1,695
Winter Special - Newly Renovated Downtown Salem One Bedroom
455 Court St #205 Salem, OR
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
Central Area
1
$1,950
This Charming Location Is Ready For You!
700 Browning Ave SE Salem, OR
2 BR | Available Now
Contact
House
0
$1,095
Spacious One Bedroom, One Bathroom
Oakview Ter Salem, OR
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,475 - 2,035
The Summit @ Red Leaf
5715 Red Leaf Dr S Salem, OR
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$2,595
Single Level House- Se Salem
5530 Bryce St SE Salem, OR
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,595
3702-3704 3706 47th Ave NE
Salem, OR
2 BR | Available Now
Contact
Dishwasher
0
$2,055
Beautiful Townhouse!! Call Us Today!!
5823 Reed Ln SE Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
0
$1,450
River Valley Terrace
640-648 River Valley Dr NW Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
3
$1,400
Catalina Apartments
4142-4166 State St Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
  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 3 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: December Rental Information

Welcome to the December 2025 Salem Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2025 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 5 10 15 20 <$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 December 2025. 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 3. 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 December M/M % Change
Salem, OR 2 +0.83%
Molalla, OR 1 +1.0%

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
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