Salem, OR Rental Market Trends

Q: What are the most popular neighborhoods in Salem?

The most popular neighborhood in Salem is Northeast Salem , where there are 4 listings with an average rent of $1,373. Next up is Central Salem , where apartments go for $1,373/month, followed by Faye Wright with $1,358 If you’re looking to rent in Salem’s most popular neighborhoods, make sure to also check out Higland , where renters pay $1,327 on average, and Keizer , where the average monthly rent is $1,282.

What is the average rent in Salem?

The average rent for an apartment in Salem is $1,415. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Salem, OR

Last updated October 2022

Average Rent	Average Apartment Size
$1,415	883 sq. ft.

What is the average apartment size in Salem?

The average size for a Salem, OR apartment is 883 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Salem, OR apartment rent ranges

Salem, OR Occupied Housing Units

28,391 or 45% of the households in Salem, OR are renter-occupied while 34,597 or 55% are owner-occupied.

Salem, OR rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Salem, OR By Neighborhood

Neighborhood	Average Rent
South Gateway	$1,460
Central Salem	$1,373
Grant	$1,373
Lansing	$1,373
Northeast Neighbors	$1,373
Northeast Salem	$1,373
West Salem	$1,373
Faye Wright	$1,358
Sunnyslope	$1,358
Southeast Mill Creek	$1,335
Higland	$1,327
Southeast Salem	$1,317
East Lancaster	$1,291
Northgate	$1,291
Keizer	$1,282
Minto Island	$1,254
Morningside	$1,254
South Central Salem	$1,254
Southwest Salem	$1,254
North Lancaster	$1,238

What are the most affordable neighborhoods in Salem?

The most affordable neighborhoods in Salem are North Lancaster, where the average rent goes for $1,238/month, Minto Island, where renters pay $1,254/mo on average, and Morningside, where the average rent goes for $1,254/mo. If you’re looking for other great deals, check out the listings from South Central Salem ($1,254), Southwest Salem ($1,254), and Keizer ($1,282), where the asking prices are below the average Salem rent of $1,415/mo.

What are the most expensive neighborhoods in Salem?

The most expensive neighborhoods in Salem are Northeast Salem ($1,373), West Salem ($1,373) and South Gateway ($1,460).

What are the most popular neighborhoods in Salem?

The most popular neighborhood in Salem is Northeast Salem, where there are 4 listings with an average rent of $1,373. Next up is Central Salem, where apartments go for $1,373/month, followed by Faye Wright with $1,358 If you’re looking to rent in Salem’s most popular neighborhoods, make sure to also check out Higland, where renters pay $1,327 on average, and Keizer, where the average monthly rent is $1,282.

Salem | Rent Comparison by Neighborhood

Rent in Central Salem is 6% higher than in East Lancaster

$1,373

Central Salem rent is 3% lower than Salem average

Average Rent	$1,373

$1,291

East Lancaster rent is 9% lower than Salem average

Average Rent	$1,291

How Salem Compares to Other Cities

City	Average Rent
Portland	$1,779
Salem	$1,415
Gresham	$1,671
Eugene	$1,750
Hillsboro	$2,057
Beaverton	$1,843
Bend	$1,884
Tigard	$1,679
Happy Valley	$1,771
Corvallis	$1,774
Wilsonville	$1,878
Fairview	$1,786
Lake Oswego	$2,138
Oregon City	$1,773
Forest Grove	$1,296
Tualatin	$1,791
Albany	$1,333
Cornelius	$1,268
Gladstone	$1,727
Keizer	$1,282
West Linn	$2,208