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

Rentable.co has over 28 apartments available near Salem Common.

What is the average rent for a studio apartment in Salem Common?

The average rent for a studio apartment near Salem Common is around $996 per month.

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

The average rent for a one-bedroom apartment near Salem Common is around $1,995 per month.

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

The average rent for a two-bedroom apartment near Salem Common is around $2,625 per month.

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

Rentable.co has over 923 apartments available in Salem.

What is the average rent for a studio apartment in Salem, MA?

The average rent for a <a href='/salem-ma/studio-apartments-for-rent' >studio apartment</a> in Salem is around $1,270 per month.

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

The average rent for a <a href='/salem-ma/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Salem is around $2,030 per month.

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

The average rent for a <a href='/salem-ma/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Salem is around $2,700 per month.

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

For a two-bedroom apartment in Salem, the average rent price is $2,700 per month, which is higher than the national average of $1,600 per month.

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

Based on average rent prices in Salem, to afford a <a href='/salem-ma/studio-apartments-for-rent' >studio apartment</a> you would need an annual household income of $51,000 to live comfortably.

Apartments in Salem Common

Salem:
November Rent Report

Welcome to the November 2024 Salem Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 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

$2,650

$1,990

$1,330

$660

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

1 BR 2 BR

Salem Rent Prices Decrease From October to November

Salem rent prices decreased over the last month. From October to November, the city experienced a -1.38% decrease for the price of a one-bedroom apartment. The rent price for a Salem one-bedroom apartments currently stands at $2,065.0.

When we take a look at the two-bedroom comparison from October to November, Salem experienced a 0.04% increase for the price of a two-bedroom apartment. The rent price for a Salem two-bedroom apartments currently stands at $2,433.0.

November 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.

November 2024 Pricing Trends: Salem vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,211

$3,115

$2,373

$2,354

$1,903

$1,338

$1,246

$1,202

$1,400

$2,800

$4,200

$5,600

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 November	1 BR M/M % Change	2 BR November	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.