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Newest Homes for Rent in Salem, IL

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  • 555 Roddy Rd Unit B-10, Salem, IL 62881
    555 Roddy Rd Unit B-10, Salem, IL 62881
    /2

    $900 Per Month

    • 2 Beds
    • 2 Baths
    • Condo for Rent

    555 Roddy Rd Unit B-10, Salem, IL 62881

    Property Id: 1552151Welcome to your new home at 555 Roddy Rd, Building B in Salem, IL! This stunning 2 bed, 2 bath apartment is a perfect blend of comfort and convenience. With amenities like a refrigerator, oven, dishwasher, washer/dryer, and central air, this unit has everything you need. Enjoy the peaceful surroundings and easy access to nearby attractions. Rent for only $900/month

    (618) 491-6333

    555 Roddy Rd Unit B-10, Salem, IL 62881
  • 555 Roddy Rd Unit C-8, Salem, IL 62881
    555 Roddy Rd Unit C-8, Salem, IL 62881
    /2

    $775 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    555 Roddy Rd Unit C-8, Salem, IL 62881

    Property Id: 1553163Welcome to your cozy 1 bedroom, 1 bathroom apartment in Salem! This unit features a dishwasher, oven, refrigerator, central air, and carpet throughout. Enjoy the convenience of shared washer/dryer. Rent includes garbage, and pets are not allowed. Don't miss out on this gem for $775/month. Contact us today to schedule a viewing!

    (618) 223-5241

    555 Roddy Rd Unit C-8, Salem, IL 62881
Illinois Marion County Salem

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 $900 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos 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 $36,000 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 $900 per month in Salem, IL, renters typically need to show $2,700 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 14.0, 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.

Rental Home Trends in Salem, IL

There are currently 2 homes available for rent in Salem, IL. The median rent is $900 per month, with townhouses at $1,050 and condos at $838.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$900
Median Townhouse Rent
$1,050
Median Condo Rent
$838
How to Rent a Home

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