Salem, IL Houses for Rent

/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

Illinois Marion County

Frequently Asked Questions

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

The median rent for a single-family home in Salem, IL is $950 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 $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 13.7, 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 single-family homes available for rent in Salem, IL. The median rent is $950 per month, with 3-bedroom houses renting at $850.

Rental Home Trends

Number of Houses for Rent 2	Median Single Family Home Rent $950
Median 3 Bedroom Single Family Home Rent $850

How to Rent a Home

Rentals in Salem

Salem Condos for Rent

Houses for Rent by Bedrooms in Salem

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