Apartments & Homes for Rent in Salem, VA

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What to Know About

Life in Salem & Beyond

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

Virginia, where history and modernity seamlessly merge, is home to some of the most significant historical sites in the country. Take a trip back in time and explore the Colonial Williamsburg living history museum, which transports visitors to the 18th century, or wander through the cobblestone streets of Old Town Alexandria. Major universities in Virginia, like the University of Virginia and Virginia Tech, are renowned for their academic excellence. In addition, the state's diverse and growing economy, supported by thriving technology, agriculture, and tourism industries, offers ample employment opportunities.

Outdoor enthusiasts can enjoy a wide range of activities, including hiking and camping in the Blue Ridge Mountains, fishing and boating in the Chesapeake Bay, and skiing in the winter. Sports fans will be thrilled with the exciting college sports games, and families will love visiting famous attractions like the Virginia Beach Boardwalk and the Natural Bridge.

With its stunning natural landscapes, deep historical roots, and thriving economy, Virginia is a great place to live for those who appreciate the unique charm and heritage of the south.

Rental Market Trends

Salem, VA

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 46.4% ($872) lower than the Virginia average of $1,878 and 44.1% ($793) lower than the U.S. average of $1,799.

Average Rent
$1,006
Monthly ChangeMonth Over Month Change
Decreased13.4% ($156)
Yearly ChangeYear Over Year Change
Decreased34.8% ($537)
Avg. Days on MarketAverage Days on Market
38
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $984 Increased4.2% ($40) Increased1.1% ($11)
2 Beds $1,310 Increased19.7% ($216) Increased9.4% ($113)
3 Beds $1,848 Increased52.5% ($636) Decreased4.3% ($83)
Nearby Cities Average Rent Avg. Rent vs. SalemAverage Rent vs. Salem Avg. Days on MarketAverage Days on Market
Roanoke $1,102 Increased9.5% ($96) 35 days
Daleville $1,841 Increased83% ($835) 32 days
Blacksburg $1,401 Increased39.3% ($395) 65 days
Vinton $1,072 Increased6.6% ($66) 38 days
Christiansburg $1,174 Increased16.7% ($168) 30 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, VA.

The average rent in Salem, VA is $1,006 per month.
Homes in Salem typically rent for between $689 and $2,402 per month, with an average of $1,006 per month.
In Salem, the average rent for a 1-bedroom home is $984 per month, for a 2-bedroom home, $1,310 per month, and a 3-bedroom home is $1,848 per month.
The average rent in Salem is 44.1% ($793) lower than the national average of $1,799 per month.
The average rent in Salem has decreased by 13.4% ($156) in the last month and decreased by 34.8% ($537) over the past year.
The rental market in Salem, VA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Salem, VA, the average rental stays on the market for approximately 38 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 6 rental properties available in Salem, VA.
Based on the current averages, a household would need an annual income of $52,400 to comfortably afford a 2-bedroom home in Salem.
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