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Newest Homes for Rent in Salem, IL

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  • 201 S Franklin St, Salem, IL 62881
    201 S Franklin St, Salem, IL 62881
    201 S Franklin 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
  • 307 E Elm St, Salem, IL 62881
    307 E Elm St, Salem, IL 62881
    307 E Elm 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
  • 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 C-10, Salem, IL 62881
    555 Roddy Rd Unit C-10, Salem, IL 62881
    /2

    $775 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

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

    Property Id: 1553165Nice, spacious 1 bedroom 1 bath apartment located in city limits near everything. Has off-site parking and on-site laundry.

    555 Roddy Rd Unit C-10, 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: 1552095Nice 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 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 $975 per month, though prices vary by neighborhood, size, and property type. As of July 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 $39,000 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 $975 per month in Salem, IL, renters typically need to show $2,925 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 12.4, 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 5 homes available for rent in Salem, IL. The median rent is $975 per month, with single-family homes renting at $1,050, townhouses at $1,050 and condos at $838.

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$975
Median Single Family Home Rent
$1,050
Median Townhouse Rent
$1,050
Median Condo Rent
$838
How to Rent a Home

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