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Newest Homes for Rent in Salem, IN

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  • 907 E Hackberry St Unit 1, Salem, IN 47167
    907 E Hackberry St Unit 1, Salem, IN 47167
    907 E Hackberry St Unit 1, Salem, IN 47167
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    $595 Per Month

    • 1 Bed
    • 1 Bath
    • 576 Sq Ft
    • Apartment for Rent

    907 E Hackberry St Unit 1, Salem, IN 47167

    This 1-bedroom, 1-bath apartment in Salem is a solid, no-fuss rental with some nice extras. The kitchen comes with a dishwasher, microwave, oven, and refrigerator. Shared coin laundry in the building, plenty of off-street parking, and central A/C keep things convenient year-round. Just minutes from Walmart and Salem's shops and restaurants, with easy access to I-65 putting Louisville about 45

    Brian Stocker Property Management of Louisville LLC

    907 E Hackberry St Unit 1, Salem, IN 47167
  • 907 E Hackberry St Unit 104, Salem, IN 47167
    907 E Hackberry St Unit 104, Salem, IN 47167
    907 E Hackberry St Unit 104, Salem, IN 47167
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    $995 Per Month

    • 2 Beds
    • 1 Bath
    • 750 Sq Ft
    • Apartment for Rent

    907 E Hackberry St Unit 104, Salem, IN 47167

    This 2-bedroom, 1-bath apartment in Salem has been freshly updated with new LVP flooring and paint throughout — bright, clean, and move-in ready. The kitchen comes fully equipped with a dishwasher, microwave, oven, and refrigerator. Step out through the sliding glass door onto your own private deck, great for relaxing or grilling. Shared coin laundry in the building, plenty of off-street parking,

    Brian Stocker Property Management of Louisville LLC

    907 E Hackberry St Unit 104, Salem, IN 47167
  • 907 E Hackberry St, Salem, IN 47167
    907 E Hackberry St, Salem, IN 47167
    907 E Hackberry St, Salem, IN 47167
    /27

    Starting at $995 Per Month

    • 2 Beds

    907 E Hackberry St, Salem, IN 47167

    Listed this 1-bedroom 1-bathroom apartment located close to the Walmart comes with a sliding glass door leading to a private second story deck perfect for entertaining, shared coined laundry in building, plenty of off-street parking, central A/C, dishwasher, microwave with oven and fridge included. Tenant pays gas, electric and water. Professionally managed by Property Management of

    Mason Manor Apartments

    (844) 587-3442

    907 E Hackberry St, Salem, IN 47167
  • 701-709 Etzler Dr, Salem, IN 47167
    701-709 Etzler Dr, Salem, IN 47167
    701-709 Etzler Dr, Salem, IN 47167
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    Starting at $900 Per Month

    • 2 Beds

    701-709 Etzler Dr, Salem, IN 47167

    Spacious apartments in a quiet community! Welcome to your new home. You're sure to love the open layout and ample space these apartments provide. Vinyl plank floors with fresh paint to welcome you home! Off street parking and laundry available on site and in units.

    (502) 660-8815

    701-709 Etzler Dr, Salem, IN 47167
Indiana Washington County Salem

Newest Homes for Rent in Salem, IN

Frequently Asked Questions

How much does it cost to rent a home in Salem, IN?
The median rent for a home in Salem, IN is $795 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Salem, IN?
To comfortably afford the median rent in Salem, IN, a household needs to earn roughly $31,800 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 $795 per month in Salem, IN, renters typically need to show $2,385 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, IN?
In Salem, IN, the price-to-rent ratio is 18.3, 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, IN

There are currently 4 homes available for rent in Salem, IN. The median rent is $795 per month, with condos at $595.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$795
Median Condo Rent
$595
How to Rent a Home

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