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Apartments in Salem

1 - 8 of 8 Results
31
$1,200 - 1,785
CAMELOT VILLAGE
900 Camelot Drive Salem, VA
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Section 8
Air Conditioning
27
$1,100 - 1,300
The Riverwalk at Salem
1650 Lancing Dr Salem, VA
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
In Unit Laundry
31
$2,895
217 Edgemere Dr
Salem, VA
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
Dishwasher
10
$1,145 - 3,550
The Crest Apartments
3.4
128 Rutledge Drive Salem, VA
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Section 8
Surface Parking
22
$1,025
633-635 Moran Ave
Salem, VA
2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
1
$1,000
102 Academy Salem
102 Academy St Salem, VA
1 BR | Jul. 1, 2024
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Storage
Disability Access
6
$1,149
The View at 777
777 Roanoke Blvd Salem, VA
2 BR | May. 9, 2024
Contact
Dog Friendly
Cat Friendly
Air Conditioning
3
$1,015 - 1,150
231 Chestnut St
Salem, VA
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Fitness Center
1 - 8 of 8 Results
  1. Home
  2. Roanoke, VA Area Apartments
  3. Salem

How much does it cost to rent an apartment in Salem?

Salem Apartments
Bed Type Average Rent Range
1BR $1,020 $1,000 - $1,030
2BR $1,240 $1,060 - $1,370
3BR $1,510 $1,300 - $1,730
Frequently Asked Questions

How many apartments are available in Salem, VA on Rentable.co?

Rentable.co has over 635 apartments available in Salem.

What is the average rent for a one-bedroom apartment in Salem, VA?

The average rent for a one-bedroom apartment in Salem is around $1,020 per month.

What is the average rent for a two-bedroom apartment in Salem, VA?

The average rent for a two-bedroom apartment in Salem is around $1,240 per month.

How expensive is it to rent an apartment in Salem, VA?

For a two-bedroom apartment in Salem, the average rent price is $1,240 per month, which is lower than the national average of $1,630 per month.

Can I afford an apartment for rent in Salem, VA?

Based on average rent prices in Salem, to afford a one-bedroom apartment you would need an annual household income of $41,000 to live comfortably.

Search Cities Near Salem, VA

Roanoke, VA
Vinton, VA
Blacksburg, VA
Rocky Mount, VA
Christiansburg, VA

Salem:
April Rent Report

Welcome to the April 2024 Salem Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2024 key findings and figures for the Salem rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Salem and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Salem average rent prices in the chart below.

Monthly Rent Report

$1,250
$940
$630
$310
$0
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
1 BR       2 BR

Salem Rent Prices Decrease From March to April

Salem rent prices decreased over the last month. From March to April, the city experienced a -1.19% decrease for the price of a one-bedroom apartment. The rent price for a Salem one-bedroom apartments currently stands at $1,083.0.

When we take a look at the two-bedroom comparison from March to April, Salem experienced a 1.33% increase for the price of a two-bedroom apartment. The rent price for a Salem two-bedroom apartments currently stands at $1,144.0.

April Prices: Salem vs. Surrounding Areas

Rent Prices in Salem and Surrounding Areas

Rent prices have decreased in Salem over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Salem suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Salem suburbs

  • Rents did not decrease in any of the Salem suburbs.

April 2024 Pricing Trends: Salem vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,994
$3,038
$2,355
$2,347
$1,893
$1,300
$1,264
$1,145
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Salem Rent Prices More Affordable Than Major Cities

Rent growth in Salem over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Salem average rent prices appear to be relatively affordable for local residents.

The price for a Salem one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Salem and surrounding area rent prices, take a look at the complete data set below.

Data set for Salem and suburbs

1 BR April 1 BR M/M % Change 2 BR April 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

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