Salem, VA Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Salem is $1,345, a 8.31% increase compared to the previous year, when the average rent was $1,241.
One-bedroom apartments provide 729 square feet for $1,155, balancing privacy and affordability.
Two-beedroom units at $1,351 offer 914 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,139 sq ft) for $1,542, suitable for larger households.
Average rent in Salem, VA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,345 | 913 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,155 | 729 sq. ft. |
| 2 Beds | $1,351 | 914 sq. ft. |
| 3 Beds | $1,542 | 1,139 sq. ft. |
Salem, VA rent trends
Rental prices in Salem, VA have increased by 8.31% over the past year. The average rent moved from $1,241 to $1,345.
What's the typical rent budget in Salem, VA?
The largest share of rentals in Salem, VA (72%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Salem, VA?
3,699 or 36% of the households in Salem, VA are renter-occupied while 6,441 or 64% are owner-occupied.
How Salem Compares to Other Cities
| City | Average Rent |
|---|---|
| Richmond | $1,583 |
| Arlington | $2,667 |
| Alexandria | $2,158 |
| Charlottesville | $2,091 |
| Newport News | $1,424 |
| Norfolk | $1,552 |
| Virginia Beach | $1,728 |
| Roanoke | $1,328 |
| Woodbridge | $2,080 |
| Henrico | $1,581 |
| Blacksburg, VA | $2,217 |
| Radford, VA | $1,339 |
| Christiansburg, VA | $1,600 |
| Salem | $1,345 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Salem apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.