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Newest Homes for Rent in Salem, MO

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  • /5

    $650 Per Month

    • 1 Bed
    • 1 Bath
    • Ground Level 1 Bedroom Apartment in Salem!

    1105 S Wines St, Salem, MO 65560

    We have a nice clean 1 bedroom 1 bathroom apartment for rent in Salem!Washer and dryer hookups in unit. All Electric. Pets under 35 pounds accepted with additional fees. No Smoking! Background and credit checks required. $650/month with $650 Deposit

    1105 S Wines St, Salem, MO 65560
  • /14

    $725 Per Month

    • 1 Bed
    • 1 Bath
    • 1,224 Sq Ft
    • Townhouse for Rent

    604 N Henderson St, Salem, MO 65560

    Excellent condition 1 bed 1 bath duplex for rent. Everything was renovated last year! There is a no stair entry near the back where parking is located.

    Cameron Copeland Worth Clark Realty

    604 N Henderson St, 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 $725 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 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 $29,000 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 $725 per month in Salem, MO, renters typically need to show $2,175 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 16.3, 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
$725
Median Single Family Home Rent
$738
Median Condo Rent
$650
How to Rent a Home