Apartments in South Gateway Salem

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1
$1,785
1333 Madras St SE Salem, OR
2 BR | Available Now
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Disability Access
Dishwasher
South Gateway
0
$1,465 - 1,675
1830 Wiltsey Rd SE Salem, OR
1 - 2 BR | Available Now
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Cat Friendly
Covered Parking
Balcony/Deck/Patio
Dishwasher
1
$1,625
Salem, OR
2 BR | Available Now
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Cat Friendly
Surface Parking
Storage
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1
$90 - 170
5585 Commercial St SE Salem, OR
Studio | Available Now
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Storage
South Gateway
1
$2,600
Salem, OR
3 BR | Available Now
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House
Dishwasher
South Gateway
1
$1,295
Salem, OR
2 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
Balcony/Deck/Patio
Storage
0
$1,895
1451 Thru 1563 Madelyn Ave SE Salem, OR
3 BR | Available Now
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Fireplace
South Gateway
0
$1,425 - 1,550
1668 Baxter Rd #100 SE Salem, OR
2 BR | Available Now
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Cat Friendly
Air Conditioning
Surface Parking
Storage
0
$2,350
5817 Cobalt Loop SE Salem, OR
3 BR | Available Now
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South Gateway
0
$2,195
1231 Anna Ln SE Salem, OR
3 BR | Available Now
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South Gateway
1
$1,695
1245-1251 Baxter Rd SE Salem, OR
2 BR | Available Now
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Dishwasher
South Gateway
17
$1,165 - 1,215
5952 Park Court Se Salem, OR
1 BR | Available Now
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Cat Friendly
Air Conditioning
Fitness Center
Dishwasher
5
$1,715
1807 Wiltsey Rd SE Salem, OR
2 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
1
$1,795
6145-6155 Woodside Dr SE Salem, OR
2 BR | Available Now
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Dishwasher
South Gateway
0
$1,875
1321 Madras St SE Salem, OR
3 BR | Available Now
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Dishwasher
South Gateway
1
$1,675
1559 Madras St Salem, OR
3 BR | Available Now
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Dog Friendly
South Gateway
29
$1,795
Salem, OR
2 BR | Available Now
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Storage
Dishwasher
South Gateway
14
$2,095
Salem, OR
2 BR | Available Now
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House
Air Conditioning
Storage
Dishwasher
0
$2,050
5831 Reed Ln SE Salem, OR
2 BR | Available Now
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Cat Friendly
House
Dishwasher
0
$1,410
5851 Reed Ln SE Salem, OR
1 BR | Available Now
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Dishwasher
20
$1,995
5205 9th Ct SE Salem, OR
3 BR | Available Now
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House
Storage
Dishwasher
1
$2,400
6127 Blue River Dr SE Salem, OR
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
0
$1,335 - 1,850
1900 Madras St SE Salem, OR
1 - 3 BR | Available Now
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Cat Friendly
Dishwasher
1
$2,800
Salem, OR
3 BR | Available Now
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House
7
$1,095
Salem, OR
2 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
1
$1,695
895 Juntura St / 4865 Sunnyside Rd SE Salem, OR
2 BR | Dec. 23, 2024
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0
$1,595
Salem, OR
2 BR | Available Now
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Dishwasher
0
$1,850
Salem, OR
2 BR | Available Now
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Dishwasher
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$2,095
860 Boxwood Ln SE Salem, OR
3 BR | Available Now
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19
$2,395
4989 Nadine Dr Salem, OR
3 BR | Available Now
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Salem:
December Rent Report

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

$1,550
$1,160
$780
$390
$0
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
1 BR       2 BR

Salem Rent Prices Increase From November to December

Salem rent prices increased over the last month. From November to December, the city experienced a 1.38% increase for the price of a one-bedroom apartment. The rent price for a Salem one-bedroom apartments currently stands at $1,252.0.

When we take a look at the two-bedroom comparison from November to December, Salem experienced a 1.29% increase for the price of a two-bedroom apartment. The rent price for a Salem two-bedroom apartments currently stands at $1,494.0.

December Prices: Salem vs. Surrounding Areas

Independence, OR
Woodburn, OR
McMinnville, OR
Salem, OR
Keizer, OR
Monmouth, OR
Molalla, OR
$1,658
$1,390
$1,267
$1,235
$1,130
$997
$475
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

Rent Prices in Salem and Surrounding Areas

Rent prices have increased 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 4 of the Salem suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Woodburn, OR, McMinnville, OR, Monmouth, OR, Independence, OR .

  • Rent decreased in Keizer, OR, Molalla, OR.

  • 3 suburbs are currently priced higher than the city of Salem.

  • 3 suburbs are currently priced lower than the city of Salem.

December 2024 Pricing Trends: Salem vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Salem, OR
Pittsburgh, PA
$4,134
$3,160
$2,389
$2,353
$1,914
$1,318
$1,255
$1,235
$1,234
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Salem Rent Prices More Affordable Than Major Cities

Rent growth in Salem over the past year has been on the rise. 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 December 1 BR M/M % Change 2 BR December 2 BR M/M % Change
Salem, OR $1,235.0 3.78% $1,475.0 0.41%
Keizer, OR $1,130.0 -2.08% $1,563.0 3.10%
Woodburn, OR $1,390.0 0.58% $1,711.0 -1.72%
McMinnville, OR $1,267.0 2.01% $1,618.0 0.94%
Monmouth, OR $997.0 4.73% $1,394.0 -1.55%
Independence, OR $1,658.0 0.12% $1,784.0 -1.60%
Molalla, OR $475.0 -62.00% $1,659.0 -0.18%

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.