3

Salem, IL Homes for Rent

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  • /12

    $850

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,080 Sq Ft
    • House for Rent

    400 S Marshall St, Salem, IL 62881

    View this home by completing the application.\\ Qualified applicants will be invited to view the home during an open house date. \\ Renters insurance is REQUIRED. \\ No Pets, No Smoking/Vaping\\ Payment via bank is free and required through this website.Lease signing and security deposit are handled onsite, in person.$50 late fee. W/D hookups

    400 S Marshall St, Salem, IL 62881
  • /19

    $1,050 Per Month

    • 2 Beds
    • 1 Bath
    • 1,110 Sq Ft
    • House for Rent

    307 E Elm St, Salem, IL 62881

    Fully rennovated, hardwood floors throughout, 2 bed 1 bath, plenty of closet space, central AC and Heat, has dishwasher, stove, refridgerator, washer, dryer. Well-maintained 2-bedroom, 1-bath home conveniently located in Salem, IL. This property offers approximately 1,100 square feet of living space with a functional layout, spacious living room, hardwood floors, and an enclosed front

    307 E Elm St, Salem, IL 62881
  • /15

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • 975 Sq Ft
    • House for Rent

    201 S Franklin St, Salem, IL 62881

    AVAILABLE IN SALEM! Fully remodeled 2 bedroom 1 bath upstairs unit in small apartment complex. This unit has brand new stainless steel appliances. Rent is 1200.00 a month, that includes water, sewer, trash and lawn care, with 1000.00 security deposit. We do require first last month deposit at lease signing total 3400.00. Must have valid income meeting income guidelines clean background. No

    201 S Franklin St, Salem, IL 62881

Why Live in Salem

Salem, Illinois, is a small Marion County hub of about 7,300 people that functions as the county seat and a central spot for shopping, entertainment and jobs. More than 20 manufacturing facilities operate here, and Centralia is about 15 miles away, giving residents additional work and retail options. Locals describe a strong sense of community, with organizations that organize events and a large volunteer base. Salem leans into its history as the birthplace of William Jennings Bryan and home to several historic buildings, and it’s known as the “Gateway to Little Egypt,” celebrated each October with the Little Egypt Festival featuring rides, food vendors and a parade. For things to do, Bryan Memorial Park has trails, disc golf, a dog area and a skate park, while the Salem Family Aquatic Center runs seasonally with slides, diving boards and an obstacle course. C and El Reservoir and Salem Reservoir draw people who enjoy fishing, and Salem Country Club adds an 18-hole semi-private golf course, fishing lake and driving range. Housing near the center follows a grid pattern with smaller lots and early 20th-century homes, while areas farther out tend to have more acreage and midcentury houses, plus newer 21st-century builds. Families often look to Salem Elementary School District Number 11 and Salem Community High School, both of which have strong overall ratings and active programs in e-sports, baseball and bowling. U.S. Route 50, State Route 37 and Interstate 57 make regional travel straightforward, and Salem Township Hospital provides local emergency and medical care.

Frequently Asked Questions

How much does it cost to rent a home in Salem, IL?
The median rent for a home in Salem, IL is $1,050 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option while townhouses are currently more expensive.
How much do you need to make to afford rent in Salem, IL?
To comfortably afford the median rent in Salem, IL, a household needs to earn roughly $42,000 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 $1,050 per month in Salem, IL, renters typically need to show $3,150 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, IL?
In Salem, IL, the price-to-rent ratio is 11.9, 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.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,050
Median Single Family Home Rent
$1,050
Median Townhouse Rent
$1,050
How to Rent a Home