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Newest Homes for Rent in Salem, IL

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  • 400 S Marshall St, Salem, IL 62881
    400 S Marshall St, Salem, IL 62881
    400 S Marshall St, Salem, IL 62881
    /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
  • 555 Roddy Rd Unit B-4, Salem, IL 62881
    555 Roddy Rd Unit B-4, Salem, IL 62881
    /2

    $775 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    555 Roddy Rd Unit B-4, Salem, IL 62881

    Property Id: 1552145 Welcome to your new home at 555 Roddy Rd. Building B in Salem, IL! This charming 1 bed, 1 bath apartment is perfect for cozy living. Enjoy amenities like a refrigerator, dishwasher, and central heating. With off-street parking, on-site laundry, and a beautiful lawn, this unit won't last long! Don't miss out on this opportunity for comfortable living at $775/month. No

    555 Roddy Rd Unit B-4, Salem, IL 62881
  • 555 Roddy Rd Unit B-6, Salem, IL 62881
    555 Roddy Rd Unit B-6, Salem, IL 62881
    /2

    $775 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    555 Roddy Rd Unit B-6, Salem, IL 62881

    Property Id: 1552147 Welcome to your new cozy 1 bedroom, 1 bathroom apartment in Salem! This unit at 555 Roddy Rd. Building B offers amenities such as a refrigerator, oven, central AC, carpet, and on-site laundry. Enjoy off-street parking and included garbage utilities for $750/month. No pets allowed. Don't miss out on this fantastic opportunity!

    555 Roddy Rd Unit B-6, Salem, IL 62881
  • 555 Roddy Rd Unit A-11, Salem, IL 62881
    555 Roddy Rd Unit A-11, Salem, IL 62881
    555 Roddy Rd Unit A-11, Salem, IL 62881
    /9

    $900 Per Month

    • 2 Beds
    • 2 Baths
    • Condo for Rent

    555 Roddy Rd Unit A-11, Salem, IL 62881

    Property Id: 1552095 Nice 2 bedroom 2 bath apartment located in a nice neighborhood that is close to everything. Has off-street parking.

    555 Roddy Rd Unit A-11, Salem, IL 62881
Illinois Marion County

Newest Homes for Rent in Salem, IL

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 $850 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes and 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 $34,000 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 $850 per month in Salem, IL, renters typically need to show $2,550 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 14.2, 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 Trends in Salem, IL

There are currently 4 homes available for rent in Salem, IL. The median rent is $850 per month, with single-family homes renting at $950, townhouses at $1,050 and condos at $775.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$850
Median Single Family Home Rent
$950
Median Townhouse Rent
$1,050
Median Condo Rent
$775
How to Rent a Home

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