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Apartments in Salem

1 - 14 of 14 Results
1
$1,100
The Historic Blair Apartments
231 Chestnut St Salem, VA
2 BR | Dec. 25, 2024
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Fitness Center
6
$1,049 - 1,149
The View at 777
777 Roanoke Blvd Salem, VA
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
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
10
$1,200 - 2,280
The Crest Apartments
3.4
128 Rutledge Drive Salem, VA
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Section 8
Surface Parking
16
$1,300
1107 Kessler Mill Rd Unit 1
Salem, VA
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Dishwasher
1
$2,000
3br House In Salem.
1416 Orchard Dr Salem, VA
3 BR | Available Now
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House
1
$2,400
New Listing!
1928 Mcvitty Rd Salem, VA
3 BR | Jan. 1, 2025
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House
Storage
1
$1,800
Three Bedroom, 1 Bath, Nice Neighborhood In Salem!
1111 Newman Dr Salem, VA
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
12
$1,225
Salem Townhouse
216 Dalewood Ave Salem, VA
2 BR | Available Now
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House
Dishwasher
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
10
$995
418 Chestnut St
Salem, VA
2 BR | Available Now
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Dog Friendly
Cat Friendly
0
$1,895
3 Br Home With Fantastic Location In The Heart Of Salem!
216 N Bruffey St Salem, VA
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
0
$1,300
Glevar/salem!
619 Texas Holw Salem, VA
3 BR | Available Now
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House
Dishwasher
0
$2,000
Salem Charm!
107 Preston St Salem, VA
3 BR | Available Now
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House
Dishwasher
1 - 14 of 14 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 $1,120 $1,050 - $1,200
2BR $1,150 $1,000 - $1,290
3BR $1,800 $1,300 - $2,400
Frequently Asked Questions

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

Rentable.co has over 592 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 $1,120 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 $1,150 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 $1,150 per month, which is lower than the national average of $1,600 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 $45,000 to live comfortably.

Search Cities Near Salem, VA

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

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

$1,350
$1,010
$680
$340
$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 Decrease From November to December

Salem rent prices decreased over the last month. From November to December, the city experienced a 0.0% decrease for the price of a one-bedroom apartment. The rent price for a Salem one-bedroom apartments currently stands at $998.0.

When we take a look at the two-bedroom comparison from November to December, Salem experienced a 0.18% increase for the price of a two-bedroom apartment. The rent price for a Salem two-bedroom apartments currently stands at $1,128.0.

December 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.

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
Pittsburgh, PA
$4,134
$3,160
$2,389
$2,353
$1,914
$1,318
$1,255
$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 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 December 1 BR M/M % Change 2 BR December 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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