Salem, OR Rental Market Trends
Highlights
The average rent for an apartment in Salem is $1,054, a 3% increase compared to the previous year.
Average Rent in Salem, OR
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,054 | 3% | 887 sq. ft. |
The average size for a Salem, OR apartment is 887 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
- $501-$7001%
- $701-$1,00041%
- $1,001-$1,50055%
- $1,501-$2,0003%
Salem, OR Occupied Housing Units
- Renter-occupied Households36%
- Owner-occupied Households63%
21,474 or 36% of the households in Salem, OR are renter-occupied while 37,158 or 63% are owner-occupied.
Salem, OR Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Salem, OR | $905 | $921 | $951 | $969 | $969 | $998 | $1,019 | $1,025 | $1,044 | $1,054 |
| National | $1,351 | $1,347 | $1,379 | $1,381 | $1,384 | $1,420 | $1,429 | $1,433 | $1,469 | $1,473 |
Average Rent in Salem, OR By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Southwest Salem | $983 |
| South Central Salem | $983 |
| Morningside | $983 |
| Minto Island | $983 |
| North Lancaster | $1,020 |
| Sunnyslope | $1,020 |
| Faye Wright | $1,020 |
| Southeast Salem | $1,044 |
| Northgate | $1,047 |
| East Lancaster | $1,047 |
| Keizer | $1,058 |
| Southeast Mill Creek | $1,061 |
| Higland | $1,074 |
| Northeast Salem | $1,092 |
| Northeast Neighbors | $1,092 |
| Lansing | $1,092 |
| Grant | $1,092 |
| Central Salem | $1,092 |
| South Gateway | $1,096 |
| West Salem | $1,116 |
The most affordable neighborhoods in Salem are Minto Island, where the average rent goes for $983/month, Morningside, where renters pay $983/mo on average, and South Central Salem, where the average rent goes for $983/mo. If you’re looking for other great deals, check out the listings from Southwest Salem ($983), North Lancaster ($1,020), and Faye Wright ($1,020), where the asking prices are below the average Salem rent of $1,054/mo.
The most expensive neighborhoods in Salem are Northeast Salem ($1,092), South Gateway ($1,096) and West Salem ($1,116).
The most popular neighborhood in Salem is Keizer, where there are 4 verified RENTCafé listings with an average rent of $1,058. Next up is West Salem, where apartments go for $1,116/month, followed by North Lancaster with $1,020 If you’re looking to rent in Salem’s most popular neighborhoods, make sure to also check out Northgate, where renters pay $1,047 on average, and South Central Salem, where the average monthly rent is $983.
Salem | Rent Comparison by Neighborhood
Rent in Central Salem is 4% higher than in East Lancaster
Central Salem rent is 4% higher than Salem average
| Average Rent | $1,092 |
|---|
East Lancaster rent is 1% lower than Salem average
| Average Rent | $1,047 |
|---|
How Salem Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Portland | $1,536 | 3% |
| Beaverton | $1,413 | 6% |
| Eugene | $1,353 | 2% |
| Hillsboro | $1,578 | 6% |
| Gresham | $1,312 | 3% |
| Salem | $1,054 | 3% |
| Albany | $1,100 | 6% |
| Albany City | $1,100 | 6% |
| Hayesville | $1,020 | 4% |
| Keizer | $1,058 | 5% |
| Four Corners | $1,124 | 2% |
For more information about the Salem rental trends, check out our monthly rent report
Check out Oregon Cities, Oregon Neighborhoods and Oregon Zip Codes for more details on verified listings, including the Oregon Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!