Apartments & Homes for Rent in Salem, MA

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What to Know About

Life in Salem & Beyond

Salem shares many of the great qualities that make Massachusetts a desirable place to live.

Massachusetts is rich in American history and renowned for its beautiful cities and breathtaking natural landscapes. Visit historical sites such as the Freedom Trail and USS Constitution Museum to experience the birthplace of America. In addition, it's the home to world-class universities such as Harvard University, Massachusetts Institute of Technology (MIT), and Boston College, adding to the state's innovation and education. Massachusetts also has a strong job market and a thriving economy.

For sports fans, Massachusetts is home to the New England Patriots (NFL), Boston Bruins (NFL), Boston Red Sox (MLB), Boston Celtics (NBA), and iconic venues such as Fenway Park and Gillette Stadium. In addition, the state offers a diverse range of outdoor experiences for those seeking adventure, from whale watching on the Cape Cod coast to hiking in the scenic Berkshire Mountains. See famous attractions like the Salem Witch Trials Memorial, the New England Aquarium, and the charming Martha's Vineyard.

With its warm and welcoming atmosphere, rich historical heritage, and endless opportunities, embrace the Bay State and discover why Massachusetts is the ideal place to call home.

Rental Market Trends

Salem, MA

As of April 2025, Salem's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Salem's average rent is 0.4% ($10) higher than the Massachusetts average of $2,722 and 51.9% ($933) higher than the U.S. average of $1,799.

Average Rent
$2,732
Monthly ChangeMonth Over Month Change
Decreased1.8% ($50)
Yearly ChangeYear Over Year Change
Increased2.9% ($76)
Avg. Days on MarketAverage Days on Market
27
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,311 Decreased0.6% ($15) Increased0.3% ($8)
2 Beds $2,989 Decreased1.3% ($38) Increased5.9% ($167)
3 Beds $3,823 Decreased1% ($38) Increased3.6% ($133)
Nearby Cities Average Rent Avg. Rent vs. SalemAverage Rent vs. Salem Avg. Days on MarketAverage Days on Market
Peabody $2,971 Increased8.7% ($239) 26 days
Swampscott $3,535 Increased29.4% ($803) 32 days
Lynn $1,954 Decreased28.5% ($778) 61 days
Beverly $2,500 Decreased8.5% ($232) 32 days
Danvers $3,013 Increased10.3% ($281) 27 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Salem Rental Market FAQs

Explore rental prices, market trends, and availability in Salem, MA.

The average rent in Salem, MA is $2,732 per month.
Homes in Salem typically rent for between $1,618 and $4,970 per month, with an average of $2,732 per month.
In Salem, the average rent for a 1-bedroom home is $2,311 per month, for a 2-bedroom home, $2,989 per month, and a 3-bedroom home is $3,823 per month.
The average rent in Salem is 51.9% ($933) higher than the national average of $1,799 per month.
The average rent in Salem has decreased by 1.8% ($50) in the last month and increased by 2.9% ($76) over the past year.
The rental market in Salem, MA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Salem, MA, the average rental stays on the market for approximately 27 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 29 rental properties available in Salem, MA.
Based on the current averages, a household would need an annual income of $119,560 to comfortably afford a 2-bedroom home in Salem.
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