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Newest Homes for Rent in Salem, MO

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  • /8

    $675

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Condo for Rent

    311 E Bryan St Unit 311 B, Salem, MO 65560

    Duplex apartment, fully furnished. Just bring your suitcase. This apartment includes dishes, TV and indoor washer/dryer. Tenant must pass background check. 1st and last month rent, plus security deposit required. No smoking. No pets. Tenant pays electricity. 6 month lease

    311 E Bryan St Unit 311 B, Salem, MO 65560
  • /8

    $675

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Condo for Rent

    311 E Bryan St Unit 311 B, Salem, MO 65560

    Duplex apartment, fully furnished. Just bring your suitcase. This apartment includes dishes, TV and indoor washer/dryer. Tenant must pass background check. 1st and last month rent, plus security deposit required. No smoking. No pets. Tenant pays electricity. 6 month lease

    311 E Bryan St Unit 311 B, Salem, MO 65560
  • /6

    $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

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 $712 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 are currently more expensive.
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 $28,480 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 $712 per month in Salem, MO, renters typically need to show $2,136 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 17.3, 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

Number of Homes for Rent
3
Median Rent
$712
Median Single Family Home Rent
$750
Median Condo Rent
$675
How to Rent a Home