Apartments in South Salem

1 - 30 of 62 Results
22
$2,495
Salem, OR
4 BR | Available Now
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House
South Salem
9
$1,095
Salem, OR
2 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
8
$1,195
Salem, OR
1 BR | Available Now
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Cat Friendly
Surface Parking
Balcony/Deck/Patio
Storage
Dishwasher
13
$1,500
1109 Schurman Rd S Salem, OR
2 BR | May. 3, 2024
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Storage
Dishwasher
15
$1,125
Salem, OR
1 BR | Apr. 16, 2024
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Storage
Disability Access
Dishwasher
12
$1,350
3869 Liberty Rd S Salem, OR
1 BR | Apr. 1, 2024
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Dog Friendly
Cat Friendly
Surface Parking
Storage
Dishwasher
47
$1,525
Salem, OR
2 BR | Apr. 1, 2024
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Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
In Unit Laundry
1
3D Tour
$1,415
410-476 Vista Ave SE Salem, OR
2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
8
$1,050
Salem, OR
1 BR | Available Now
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Storage
Disability Access
Dishwasher
$975
Salem, OR
Studio - 2 BR | Ask for Availability
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6
$1,650
Salem, OR
3 BR | Ask for Availability
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30
$1,250
Salem, OR
1 BR | Apr. 15, 2024
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Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
In Unit Laundry
12
$1,095
Salem, OR
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Dishwasher
8
$1,195
Salem, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Senior Community
Surface Parking
Balcony/Deck/Patio
20
$2,800
Salem, OR
3 BR | Available Now
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House
Storage
17
$1,250
701-725 Lockwood Ln S Salem, OR
1 BR | Available Now
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Dog Friendly
Storage
Disability Access
Dishwasher
Faye Wright
34
$2,895
Salem, OR
4 BR | Available Now
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House
Air Conditioning
Storage
Dishwasher
South Central
$1,795
Salem, OR
3 BR | Available Now
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House
Storage
South Central
8
$1,095
Salem, OR
1 BR | Available Now
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South Central
15
$1,095
Salem, OR
1 BR | Available Now
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Storage
Disability Access
Dishwasher
1
$1,195
Salem, OR
1 BR | Available Now
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Storage
Disability Access
1
$1,295
4082 Commercial St SE Salem, OR
2 BR | Available Now
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Storage
Disability Access
1
$995
Salem, OR
1 BR | Available Now
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Storage
Disability Access
Faye Wright
1
$1,200
2599 12th St SE Salem, OR
2 BR | Apr. 15, 2024
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Dog Friendly
Cat Friendly
Dishwasher
South Central
20
$1,200
Salem, OR
2 BR | Apr. 15, 2024
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Dog Friendly
Cat Friendly
9
$1,350
Salem, OR
2 BR | Apr. 30, 2024
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Dog Friendly
Cat Friendly
Storage
Disability Access
15
$1,325
Salem, OR
2 BR | Available Now
Contact
Surface Parking
Storage
Disability Access
Dishwasher
Faye Wright
12
$1,175
Salem, OR
1 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
18
$1,095
Salem, OR
1 BR | Apr. 12, 2024
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Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
45
$1,595
Salem, OR
2 BR | Apr. 25, 2024
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
1 - 30 of 62 Results
  1. Home
  2. Salem
  3. South Salem

Salem:
March Rent Report

Welcome to the March 2024 Salem Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2024 key findings and figures for the Salem rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Salem and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Salem average rent prices in the chart below.

Monthly Rent Report

$1,600
$1,200
$800
$400
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR       2 BR

Salem Rent Prices Increase From February to March

Salem rent prices increased over the last month. From February to March, the city experienced a 5.0% increase for the price of a one-bedroom apartment. The rent price for a Salem one-bedroom apartments currently stands at $1,366.0.

When we take a look at the two-bedroom comparison from February to March, Salem experienced a 0.0% decrease for the price of a two-bedroom apartment. The rent price for a Salem two-bedroom apartments currently stands at $1,494.0.

March Prices: Salem vs. Surrounding Areas

Independence, OR
Woodburn, OR
McMinnville, OR
Salem, OR
Molalla, OR
Keizer, OR
Monmouth, OR
$1,589
$1,582
$1,328
$1,301
$1,291
$1,227
$859
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

Rent Prices in Salem and Surrounding Areas

Rent prices have increased in Salem over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Salem suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Keizer, OR, Molalla, OR .

  • Rent decreased in Woodburn, OR, McMinnville, OR, Monmouth, OR, Independence, OR.

  • 2 suburbs are currently priced higher than the city of Salem.

  • 4 suburbs are currently priced lower than the city of Salem.

March 2024 Pricing Trends: Salem vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Minneapolis, MN
Salem, OR
Columbus, OH
Pittsburgh, PA
$3,976
$3,029
$2,358
$2,336
$1,866
$1,310
$1,301
$1,235
$1,124
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Salem Rent Prices More Affordable Than Major Cities

Rent growth in Salem over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Salem average rent prices appear to be relatively affordable for local residents.

The price for a Salem one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Salem and surrounding area rent prices, take a look at the complete data set below.

Data set for Salem and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Salem, OR $1,301.0 5.43% $1,494.0 0.00%
Woodburn, OR $1,582.0 -1.06% $1,749.0 0.17%
Keizer, OR $1,227.0 8.11% $1,491.0 -1.13%
McMinnville, OR $1,328.0 -0.52% $1,497.0 1.08%
Molalla, OR $1,291.0 2.05% $1,721.0 0.00%
Monmouth, OR $859.0 0.00% $1,442.0 0.84%
Independence, OR $1,589.0 -0.19% $1,828.0 -0.16%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.