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Updated 1 hour ago

Colonial Apartments


1250 Wallace Rd NW Salem, OR

2 Bed
•
1 Bath

756 Sq. Ft.

Available starting Feb. 24th
Floor plans
1 Bed • 1 Bath
$1,025 - $1,150
640 ft2
0 Available
Managed By: Crown Property Management, Inc.
1250 Wallace Rd NW #46
$1,095
Rented
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1250 Wallace Rd NW #40
$1,095
Rented
View
Unit 52
$1,095
Rented
View
Unit 42
$1,095
Rented
View
Unit 47
$1,095
Rented
View
Unit 18
$1,025
Rented
View
Unit 45
$1,095
Rented
View
Unit 37
$1,150
Rented
View
Unit 35
$1,095
Rented
View
Unit 38
$1,050
Rented
View
2 Beds • 1 Bath
$1,150
756 ft2
1 Available
Managed By: Crown Property Management, Inc.
Unit 77
$1,150
Available Feb 24th, 2026
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View Rented Units
Where you'll live
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Map View
Satellite View
Colonial Apartments
Colonial Apartments
Colonial Apartments
Location ratings
Walk Score®
66
Somewhat Walkable
Transit Score®
37
Some Transit
Bike Score®
75
Very Bikeable
Amenities
On-site Laundry
Storage
Disability Access
Refrigerator
Garbage Disposal
Trash Removal Included
Public Transportation
Range / Oven
Microwave
High-speed Internet
Elevator
Smoke-free Community
Dishwasher
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Parking
Surface Parking
Garage - Attached
Lease & Fees
Security Deposit: $900
Property details
Description

RENTAL TERMS:
Owner Pays Water, Sewer and Garbage
Resident Responsible for Other Utilities
Owner Maintains Landscaping
Renters Insurance Required
Six Month Lease Required
Non Smoking Unit/Dwelling
PET TERMS:
Two Allowed (25 Pounds or Less)
Additional Deposit Required
Management Approval Required
Some Breeds Not Accepted

Additional Details
Total Unit Count: 81
Last Updated: Updated 1 hour ago
Contact Number: (503) 485-2600
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Photos Floor Plans Amenities
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Colonial Apartments by bedroom type below.
2 Bedroom
Suggested income:
$41,400
per year
Rent report

Colonial Apartments Rent vs. Salem Average

 Colonial Apartments      Salem Average
2BR
$1,150
$1,548
$0
$550
$1,100
$1,650
$2,200

Colonial Apartments is asking 26% less than the average 2 bedroom apartment in Salem.

If you upsized to an average priced Salem 3 bedroom apartment, you would pay 27% more per month.

If you downsized to an average priced Salem 1 bedroom apartment, you would pay 20% less per month.

Colonial Apartments provides 19% less square footage than the average Salem 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Colonial Apartments
2BR $1,150 $1.50 $3,450
Salem Average
Studio $1,162 $2.70 $3,487
1BR $1,294 $2.00 $3,883
2BR $1,548 $1.70 $4,644
3BR $2,110 $1.70 $6,329
4BR $2,731 $1.40 $8,192

Availability in Salem

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 476 2BR units on the market in Salem. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
4% 25% 55% 14% 1%
Available Units in Salem
Studio 34
1BR 215
2BR 476
3BR 124
4BR 8
Location
Nearby Colleges

Willamette University

Chemeketa Community College

Nearby Hospitals
Name Distance
Salem Hospital 1.64 mi.
Oregon State Hospital Salem 2.45 mi.
West Valley Hospital 12.9 mi.
Nearby Fire Stations
Name Distance
Salem Fire & Ems Department 1.09 mi.
Marion Fire/Ems 1.09 mi.
Salem Fire Department 1.18 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in on February 24, 2026.
What's the square footage of the available units?
It's 756 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
Colonial Apartments has a 2 bedroom unit starting at $1,150.
Where is this property located?
This property is at 1250 Wallace Rd NW in Salem, OR. It's 1.4 miles northwest from the center of Salem.
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