Salem, OR Rental Market Trends
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
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

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
Central Salem rent is 3% lower than Salem average
Average Rent | $1,373 |
---|
East Lancaster rent is 9% lower than Salem average
Average Rent | $1,291 |
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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 |