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Salem, MO Home for Rent

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    $750 Per Month

    • 2 Beds
    • 2 Baths
    • 2 bedroom 2 bath apartment for rent

    1104 S Wines St, Salem, MO 65560

    Nice 2 bedroom 2 full bath apartment for rent in Salem!Stove, refrigerator and dishwasher provided. It does have washer and dryer hookups as well. Application required and we do check credit and background. No Smoking!Pets under 35 pounds accepted with additional fees. $750/month with $750 deposit

    1104 S Wines St, Salem, MO 65560

Why Live in Salem

Salem, Missouri, is a small city known for its Ozark recreation and strong community connections. Located a few miles from the National Scenic Riverways and Montauk State Park, Salem offers ample opportunities for trout fishing, kayaking, camping, and floating from spring to fall. The city’s restaurant scene, small businesses, and annual events attract both locals and tourists. Salem features neighborhoods with extra-wide roads, mature trees, and grassy lawns, with common home styles including bungalows, ranch-style, New Traditional, custom-built, and Cape Cod houses. Unique options like log cabins and cottages with catslide roofs are also available. Salem City Park serves as a recreational hub with athletic fields, a playground, a skate park, and a seasonal outdoor swimming pool. The downtown area along Fourth Street and Main Street offers antique stores, eateries, and salons, with notable dining options like Country Corner Cafe and Regine’s Common Kitchen. Attractions include the Dent County Museum, the Ozark Natural & Cultural Resource Center, and the Bonebrake Center of Nature and History. Salem hosts significant events such as the RallyAmerica 100 Acre Wood Road Rally, the Honoring Our Heroes Marathon, and the Trees and Trains exhibit. Major highways like State Routes 19 and 32 intersect in Salem, with Highway 72 connecting to Rolla, 26 miles away. Local employers include the timber industry, The Doe Run Company, US Foods, and Salem Memorial District Hospital. The city also has a satellite campus of Southwest Baptist University.

Frequently Asked Questions

How much does it cost to rent a home in Salem, MO?
The median rent for a home in Salem, MO is $750 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Salem, MO?
To comfortably afford the median rent in Salem, MO, a household needs to earn roughly $30,000 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 $750 per month in Salem, MO, renters typically need to show $2,250 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, MO?
In Salem, MO, the price-to-rent ratio is 15.6, 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

Number of Homes for Rent
1
Median Rent
$750
Median Single Family Home Rent
$750
How to Rent a Home