Salem, CT House for Rent

/13
$5,500 Per Month
- 4 Beds
- 3 Baths
- 2,663 Sq Ft
- House for Rent
166 Old Colchester Rd, Salem, CT 06420

Welcome to "The Lake House"! You will be drawn in by the unobstructed views of Gardner Lake from every room. This 3 level contemporary colonial is not to be missed. 270+ feet of direct waterfront with a dock, 2.5 acres of private property, and an in-law apartment downstairs with kitchen, full bath & bedroom for multigenerational living or hosting company. Outside, enjoy dinners on the wraparound

Russ Smith Amity Construction & Design of Hamden Inc.

166 Old Colchester Rd, Salem, CT 06420
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Connecticut New London County Salem

Frequently Asked Questions

How much does it cost to rent a single-family home in Salem, CT?

The median rent for a single-family home in Salem, CT is $1,625 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.

How much do you need to make to afford rent in Salem, CT?

To comfortably afford the median rent in Salem, CT, a household needs to earn roughly $141,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,525 per month in Salem, CT, renters typically need to show $10,575 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.

Is it more affordable to rent or buy in Salem, CT?

In Salem, CT, the price-to-rent ratio is 10.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

What neighborhoods in Salem, CT are best for renting a single-family home?

The best neighborhood for renting in Salem, CT depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a single-family home include Central Norwich and Downtown New London, each with its own character and price range.

Rental Home Trends in Salem, CT

There are currently 1 single-family homes available for rent in Salem, CT. The median rent is $1,625 per month, with 3-bedroom houses renting at $2,500 and 4-bedroom houses at $4,250.

Rental Home Trends

Number of Houses for Rent

Median Single Family Home Rent

$1,625

Median 3 Bedroom Single Family Home Rent

$2,500

Median 4 Bedroom Single Family Home Rent

$4,250

How to Rent a Home

Houses for Rent in Nearby Neighborhoods

Houses for Rent in Nearby Cities

Houses for Rent in Nearby Counties

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