Salem, OR Rental Market Trends
What is the average rent in Salem?
The average rent for an apartment in Salem is $1,222. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Salem, OR
| Average Rent | Average Apartment Size |
|---|---|
| $1,222 | 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
22,261 or 36% of the households in Salem, OR are renter-occupied while 38,258 or 63% are owner-occupied.
Salem, OR Rent Trends
| Average Rent | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Aug / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Salem, OR | $998 | $1,019 | $1,025 | $1,044 | $1,054 | $1,079 | $1,095 | $1,112 | $1,131 | $1,203 | $1,222 |
| National | $1,347 | $1,356 | $1,361 | $1,393 | $1,400 | $1,402 | $1,393 | $1,397 | $1,485 | $1,510 | $1,539 |
Average Rent in Salem, OR By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| South Gateway | $1,202 |
| Central Salem | $1,173 |
| Grant | $1,173 |
| Lansing | $1,173 |
| Northeast Neighbors | $1,173 |
| Northeast Salem | $1,173 |
| West Salem | $1,172 |
| Higland | $1,151 |
| Keizer | $1,131 |
| Faye Wright | $1,117 |
| Sunnyslope | $1,117 |
| East Lancaster | $1,111 |
| Northgate | $1,111 |
| Southeast Mill Creek | $1,111 |
| Southeast Salem | $1,110 |
| North Lancaster | $1,075 |
| Minto Island | $1,035 |
| Morningside | $1,035 |
| South Central Salem | $1,035 |
| Southwest Salem | $1,035 |
What are the most affordable neighborhoods in Salem?
The most affordable neighborhoods in Salem are Minto Island, where the average rent goes for $1,035/month, Morningside, where renters pay $1,035/mo on average, and South Central Salem, where the average rent goes for $1,035/mo. If you’re looking for other great deals, check out the listings from Southwest Salem ($1,035), North Lancaster ($1,075), and Southeast Salem ($1,110), where the asking prices are below the average Salem rent of $1,222/mo.
What are the most expensive neighborhoods in Salem?
The most expensive neighborhoods in Salem are Northeast Neighbors ($1,173), Northeast Salem ($1,173) and South Gateway ($1,202).
What are the most popular neighborhoods in Salem?
The most popular neighborhood in Salem is Northgate, where there are 4 verified RENTCafé listings with an average rent of $1,111. Next up is Keizer, where apartments go for $1,131/month, followed by Morningside with $1,035 If you’re looking to rent in Salem’s most popular neighborhoods, make sure to also check out West Salem, where renters pay $1,172 on average, and Faye Wright, where the average monthly rent is $1,117.
Salem | Rent Comparison by Neighborhood
Rent in Central Salem is 6% higher than in East Lancaster
Central Salem rent is 4% lower than Salem average
| Average Rent | $1,173 |
|---|
East Lancaster rent is 9% lower than Salem average
| Average Rent | $1,111 |
|---|
How Salem Compares to Other Cities
| City | Average Rent |
|---|---|
| Portland | $1,633 |
| Eugene | $1,512 |
| Beaverton | $1,590 |
| Bend | $1,711 |
| Hillsboro | $1,790 |
| Gresham | $1,490 |
| Salem | $1,222 |
| Tigard | $1,386 |
| Wilsonville | $1,492 |
| Happy Valley | $1,459 |
| Corvallis | $1,389 |