Apartments & Homes for Rent in Salem, OR

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Viewing 1-20 of 389 rentals in Salem
What to Know About

Living in Salem, OR

Salem, the capital of Oregon, is a charming and vibrant city in the mid-Willamette Valley. The city boasts stunning natural landscapes, abundant outdoor attractions, and a thriving cultural, educational, and economic center, making it an ideal place to live, work, and play. Discover the city's unique character and cultural legacy at Oregon State Capitol, the historic Elsinore Theatre, and the Salem Art Association. The city is also home to several world-class educational institutions, such as Willamette University and Chemeketa Community College, offering exceptional academic opportunities.

Nature enthusiasts will love discovering the city's stunning natural wonders, including the Riverfront Park, the Minto-Brown Island Park, and the Bush's Pasture Park. Salem is also known for its wineries and breweries, with many local establishments showcasing the region's world-renowned Pinot Noir and craft beers. In addition, Salem hosts several notable events across the year, such as the Salem Art Fair and Festival, the Oregon State Fair, and the World Beat Festival, showcasing the city's unique atmosphere.

With its friendly community spirit, affordable cost of living, and cultural and recreational opportunities, Salem is a great place to call home.

Rental Market Trends

Salem, OR

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 15.6% ($260) lower than the Oregon average of $1,671 and 21.6% ($388) lower than the U.S. average of $1,799.

Average Rent
$1,411
Monthly ChangeMonth Over Month Change
Decreased0.2% ($3)
Yearly ChangeYear Over Year Change
Decreased3.4% ($50)
Avg. Days on MarketAverage Days on Market
35
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,195 Decreased2.1% ($26) No change
2 Beds $1,459 Decreased0.7% ($11) Increased0.8% ($12)
3 Beds $1,872 Increased0.4% ($7) Decreased12.8% ($274)
Nearby Cities Average Rent Avg. Rent vs. SalemAverage Rent vs. Salem Avg. Days on MarketAverage Days on Market
Independence $1,805 Increased27.9% ($394) 33 days
Jefferson $1,798 Increased27.4% ($387) 36 days
Sublimity $1,829 Increased29.6% ($418) 34 days
Mount Angel $1,573 Increased11.5% ($162) 33 days
Woodburn $1,696 Increased20.2% ($285) 34 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, OR.

The average rent in Salem, OR is $1,411 per month.
Homes in Salem typically rent for between $837 and $2,434 per month, with an average of $1,411 per month.
In Salem, the average rent for a 1-bedroom home is $1,195 per month, for a 2-bedroom home, $1,459 per month, and a 3-bedroom home is $1,872 per month.
The average rent in Salem is 21.6% ($388) lower than the national average of $1,799 per month.
The average rent in Salem has decreased by 0.2% ($3) in the last month and decreased by 3.4% ($50) over the past year.
The rental market in Salem, OR, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Salem, OR, the average rental stays on the market for approximately 35 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 389 rental properties available in Salem, OR.
Based on the current averages, a household would need an annual income of $58,360 to comfortably afford a 2-bedroom home in Salem.
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