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Salem, OR Condos for Rent

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    $1,150

    Total Monthly Price

    • Studio
    • 1 Bath
    • 450 Sq Ft
    • Condo for Rent

    4086 Judy Ave NE Unit B, Salem, OR 97305

    Apt/studio is located in the back of main home. Has it's own private entrance and walkway. Neighborhood is quiet and safe. There are security cameras in the front of main home. Property is located right off of Lancaster so there are many shops, gyms, parks and dining options available.There is a shared laundry room the tenant has access to through the exterior. Has a dedicated day to do

    4086 Judy Ave NE Unit B, Salem, OR 97305
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    $2,150 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,350 Sq Ft
    • Condo for Rent

    4101 Brooks Ave NE Unit ( 4101 - CENTER UNIT ), Salem, OR 97301

    Property Id: 1821279 Triplex built 2025 MIDDLE UNIT 3br -2.5 bath -1350sq.ft unit Open floor plan - 2 story AC and Heat unit in each room Zero maintenance yard Fenced Back yard Rental agreement for 1 year term - Parking: 2 vehicles per unit - WE PAY WATER & SEWER - TENANT responsible for Electric and Garbage Bill - NO Smoking - NO

    4101 Brooks Ave NE Unit ( 4101 - CENTER UNIT ), Salem, OR 97301
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    $1,500 Per Month

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

    3107 13th St SE, Salem, OR 97302

    Property Id: 2836649 Updated apartment in single level fourplex with private fenced backyard. Home features washer/dryer hookups, ceiling fan, mini-split heater/air-conditioner, tiled tub/shower, and storage shed. Water/sewer/garbage included in rent. Home will be available November 1st, possibly sooner. Kitchen cabinets and countertop will be replaced during turnover in October.

    3107 13th St SE, Salem, OR 97302
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    $1,800

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,100 Sq Ft
    • Condo for Rent

    1135 Satara Ave NW Unit Satara, Salem, OR 97304

    1135 Satara Ave NW Unit Satara, Salem, OR 97304
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    $1,395

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 610 Sq Ft
    • Condo for Rent

    725 Lockwood Ln S Unit 725 Lockwood Unit 201, Salem, OR 97302

    725 Lockwood Lane is perfect for those looking for a quiet, private apartment with a prime location in South Salem. Tucked into a residential neighborhood right off Liberty St., you can live minutes from to Roth's Grocery Store & Minto-Brown Island Park. Contact us at Clutch Property Management today to find out more.

    725 Lockwood Ln S Unit 725 Lockwood Unit 201, Salem, OR 97302
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    $2,195

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 1,050 Sq Ft
    • Condo for Rent

    1127 Broadway St NE Unit 213, Salem, OR 97301

    Live in the heart of Salem’s vibrant Broadway District at Broadway Town Square Apartments! Choose from spacious 2-bedroom, 2-bath units available fully furnished with all utilities and internet included, or unfurnished with flexible 1-year leases. $1,695 - $2,195/Month.Enjoy bright interiors, private balconies with city views, in-unit laundry, and modern kitchens. Pet-friendly with a

    1127 Broadway St NE Unit 213, Salem, OR 97301
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    $1,000

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 375 Sq Ft
    • Condo for Rent

    745 Ewald Ave SE Unit Studio ADU, Salem, OR 97302

    Located just a few blocks from Commercial Street and Madrona Avenue. It is within minutes of grocery stores, restaurants, banks, and more.The space is 375 sf and is fully contained, including a large storage cabinet, small closet, stove, dishwasher and refrigerator. For parking, there is a second parking spot in the driveway as well as street parking in front of the house.No pets,

    745 Ewald Ave SE Unit Studio ADU, Salem, OR 97302
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    $1,250 Per Month

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

    3432 Liberty Rd S Unit 3432-68, Salem, OR 97302

    Welcome to our 2-bedroom, 1-bathroom apartment located in Salem, OR. Our community offers a fitness center for residents to stay active, an outdoor pool to cool off during the summer months, and patios/decks for enjoying the fresh air. With on-site laundry facilities, residents can conveniently take care of their laundry needs without leaving the property. Our location is close to shopping and

    3432 Liberty Rd S Unit 3432-68, Salem, OR 97302
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    $1,095 Per Month

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

    1768 Park Ave NE Unit 1768, Salem, OR 97301

    Professionally Managed by:Valley First Property Management LLCContact our main office to view the property .• 2 bed 1 bath• Second Floor Apartment• 850 sq ft approx.• Kitchen appliances stove/refrigerator/dishwasher• Private deck/balcony• Onsite Laundry room• 1-car off street parking• Water/sewer/garbage included• SORRY, OWNER HAS A NO

    1768 Park Ave NE Unit 1768, Salem, OR 97301
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    $1,450 Per Month

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

    1817-1817 Ferry St SE Unit 1817 Ferry St SE, Salem, OR 97301

    Welcome to this inviting home located in one of Salem's most convenient and established neighborhoods. Situated on Ferry Street SE, this property offers easy access to downtown Salem, Salem Health, Willamette University, shopping, dining, parks, and major commuter routes.Inside, you'll find comfortable living spaces designed for everyday convenience and enjoyment. Whether you're commuting

    1817-1817 Ferry St SE Unit 1817 Ferry St SE, Salem, OR 97301
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    $2,150 Per Month

    • 3 Beds
    • 3 Baths
    • Condo for Rent

    3781-3781-a Saw Ln Unit 3781, Salem, OR 97302

    Professionally Managed by Crown Property Management, Inc.Learn more or apply at CHOOSE YOUR RENT SPECIAL: FREE First Full Month's Rent With One Year Lease OR 1/2 Off First Two Month's Rent With One Year Lease!*Rent Special is for residents new to the complex only*Rent Special applies beginning with first full monthSouth Salem Unit with Two Sets of Washers and Dryers! ~

    3781-3781-a Saw Ln Unit 3781, Salem, OR 97302
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    $1,395 Per Month

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

    227 24th St SE, Salem, OR 97301

    Professionally Managed by Crown Property Management, Inc.Learn more or apply at RENT SPECIAL: ½ Off First Full Month's Rent With One Year Lease! *Rent Special applies beginning with first full monthTwo Bedroom Salem Condo with Spacious Deck And Peaceful Creekside Atmosphere ~ 227 24thThis 2-bedroom, 1-bathroom condo combines comfort, convenience, and charm. The

    227 24th St SE, Salem, OR 97301
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    $1,250 Per Month

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

    229 Myers St S Unit 229, Salem, OR 97302

    2 Bedroom apartment in a beautiful, quiet residential location! Minutes to Bush Park & Downtown Salem, shopping, dining, entertainment, bus routes, hospital, and Willamette University.Great galley style, fully equipped kitchen has newer cabinets, newer counter tops and newer wood laminate flooring.Large living room and large bedrooms with over-sized closets.Wood laminate

    229 Myers St S Unit 229, Salem, OR 97302
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    $1,200 Per Month

    • Studio
    • 1 Bath
    • 374 Sq Ft
    • Condo for Rent

    440 State St Unit 440 State St #210, Salem, OR 97301

    Introducing our recently renovated studio apartment in the heart of Downtown Salem, Oregon.This charming and cozy space offers a convenient and vibrant living experience. With a prime location, you'll have easy access to all the amenities and attractions that downtown has to offer. The studio features a modern design with an open layout, providing a comfortable and functional

    440 State St Unit 440 State St #210, Salem, OR 97301
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    $1,725 Per Month

    • 3 Beds
    • 2 Baths
    • 1,127 Sq Ft
    • Condo for Rent

    4235 Hawthorne Ave NE Unit 106, Salem, OR 97301

    TERMS: * Special: $99 Move-In Special! * Rent: $1,725 Total Monthly * Utility Fee: $65 Flat Fee covers Water/Sewer/Garbage * Deposit: $1,000 (On Approved Credit) * Application Fee: $68 per Adult (18+) * Tenancy: 1 Year Lease Term * Note: 100% Non-Smoking Property IMPORTANT: INCOME REQ: Must gross 3x the regular rent ($1,790) to qualify.

    4235 Hawthorne Ave NE Unit 106, Salem, OR 97301
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    $1,295 Per Month

    • 2 Beds
    • 1 Bath
    • 876 Sq Ft
    • 3167-3173 13th Street SE

    3167-3173 13th St SE Unit 3173, Salem, OR 97302

    MOVE IN SPECIAL!!! $500 off your first month’s rent on this newly updated 2-bedroom, 1-bath apartment in central Salem, convenient to downtown and south Salem. This unit features new paint and new flooring, a cozy fireplace, private patio, and in-unit washer/dryer hookup. Water, sewer and garbage are included in the rent. Located near Morningside Elementary, Leslie Middle School and South Salem

    3167-3173 13th St SE Unit 3173, Salem, OR 97302
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    $1,145 Per Month

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

    257 Senate St NW, Salem, OR 97304

    TERMS: * Special: $99 Move-In Special! * $1,045 (First 3 Mos) | $1,145 (Remaining Term) * Rent: $1,145 Total Monthly * Deposit: $1,200 (On Approved Credit) * Application Fee: $68 per Adult (18+) * Tenancy: 1 Year Lease Term * Note: 100% Non-Smoking Property IMPORTANT: $1,045 for first 3 months | $1,145 thereafter. * INCOME REQ: Must gross 2.5x the

    257 Senate St NW, Salem, OR 97304
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    $1,000 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    420 20th St SE Unit 420 20th St. SE #3, Salem, OR 97301

    Offered by Bertolucci Management, Inc. - Oregon's Property Management ExpertsAll applications are available online at or at our office, 2385 Liberty St NE, Salem, OR 97301.AVAILABLE SOON is this one-bedroom, one-bath apartment home. Walking through the front door, you step into the living area with large windows that provide natural light throughout the unit. The kitchen and

    420 20th St SE Unit 420 20th St. SE #3, Salem, OR 97301
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    $1,295 Per Month

    • 2 Beds
    • 1 Bath
    • 850 Sq Ft
    • 1031-1033 Saginaw St S

    1031-1033 Saginaw St S Unit 1033 Saginaw, Salem, OR 97302

    Professionally Managed by:Valley First Property Management LLCRent Special: Free October's Rent if you move in by September 30th, 2026Contact our office to view the property . Request an online application by clicking on Apply!• 2 Bed 1 Bath• 850 sqft approx.• Single level unit• Kitchen appliances include Stove/Refrigerator• LVP flooring• Off

    1031-1033 Saginaw St S Unit 1033 Saginaw, Salem, OR 97302
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    $1,095 Per Month

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

    1204 Commercial St NE Unit 3, Salem, OR 97301

    Recently updated 2-bed, 1-bath triplex unit in downtown Salem, Oregon.Includes shared on-site laundry room.Quick access to Commercial Street and MLK Jr. Parkway. 1 parking space included.*This unit will be privately managed by the property owners. Vallis Property Management is placing the tenant(s).Screening Fee: $65/person 18+ years of ageRent: $1,095.00Deposit:

    1204 Commercial St NE Unit 3, Salem, OR 97301
  • /19

    $1,400 Per Month

    • 1 Bed
    • 1 Bath
    • 700 Sq Ft
    • Condo for Rent

    1960-1966-1966 Yew St SE Unit 1966, Salem, OR 97302

    Located in a quiet neighborhood of south salem, this end unit is located in a 4-plex it has a spacious and bright living room, good sized kitchen with included refrigerator, lots of cabinet space, outside is dedicated parking, and a shared yard space. Featuring: - 1 bedroom - 1 bathroom - Pet's allowed - No smoking - Tenant pays utilities CONTACT US NOW TO APPLY

    1960-1966-1966 Yew St SE Unit 1966, Salem, OR 97302
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    $1,650 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,100 Sq Ft
    • Condo for Rent

    1731 Salishan St SE, Salem, OR 97302

    Spacious and beautifully updated 2-bedroom, 1.5-bathroom townhome-style unit located in a 4-plex at 1731 Salesian St SE, Salem, OR 97302. This inviting home offers a functional two-story layout with all bedrooms upstairs for added privacy, plus a full-size attached garage for convenient parking and extra storage.Enjoy a bright and modern interior featuring new quartz countertops,

    1731 Salishan St SE, Salem, OR 97302
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    $2,495 Per Month

    • 3 Beds
    • 2 Baths
    • 1,772 Sq Ft
    • Condo for Rent

    5969-5979-5979 Nelson Place SE Unit 5969, Salem, OR 97306

    Offered by Bertolucci Management, Inc. - Oregon's Property Management ExpertsAll applications are available online at or at our office, 2385 Liberty St NE, Salem, OR 97301.AVAILABLE SOONWelcome to this two-story, three-bedroom, two-bathroom home located in SE Salem.Upon entering, you are welcomed into an open floor plan. To the right of the entryway, the

    5969-5979-5979 Nelson Place SE Unit 5969, Salem, OR 97306
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    $1,625 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,098 Sq Ft
    • Condo for Rent

    1345-Mhh1345 Fabry Rd SE Unit 2, Salem, OR 97306

    Investment Management Solutions LLC Kursten Eaves 2 bedroom 1.5 bath townhome with a single car garage and one off street parking spot. Unit has a small fenced backyard. No Pets. Kitchen, living space, laundry and half bath on the main floor with 2 bedrooms and a full bath upstairs. Owner pays Water/Sewer. Tenant(s) are responsible for Electric and Garbage as well as their own

    1345-Mhh1345 Fabry Rd SE Unit 2, Salem, OR 97306
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    $1,650 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,100 Sq Ft
    • Condo for Rent

    1729 Salishan St SE, Salem, OR 97302

    Spacious and beautifully updated 2-bedroom, 1.5-bathroom townhome-style unit located in a 4-plex at 1731 Salesian St SE, Salem, OR 97302. This inviting home offers a functional two-story layout with all bedrooms upstairs for added privacy, plus a full-size attached garage for convenient parking and extra storage.Enjoy a bright and modern interior featuring new quartz countertops,

    1729 Salishan St SE, Salem, OR 97302
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    $2,095 Per Month

    • 4 Beds
    • 2 Baths
    • 1,350 Sq Ft
    • 5260-5262 Springcrest Drive

    5260-5262 Springcrest Dr S Unit 5262, Salem, OR 97306

    This two-story 4-bed, 2-bath duplex unit comes with an attached 1-car garage, a low-maintenance yard, a washer and dryer, a dishwasher, and more! Schedule a tour today!Rent: $2,095.00.00Deposit: $2,095.00 minimumScreening Fee: $65/person 18+ years of ageLease Duration: 1 yearPets: Considered with additional pet rent and depositLandscaping: Tenant

    5260-5262 Springcrest Dr S Unit 5262, Salem, OR 97306
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    $1,375 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    2981-2999-2999 River Rd N Unit 2999, Keizer, OR 97303

    Welcome to River Park Apartments, a Smoke Free Community, conveniently located in Keizer, OR. All households must income qualify for our Affordable Housing Property. Our apartments offer a range of amenities designed to enhance your living experience. Each unit comes equipped with a refrigerator and a stove-oven, perfect for those who love to cook at home. For your convenience, we also provide a

    2981-2999-2999 River Rd N Unit 2999, Keizer, OR 97303
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    $1,995 Per Month

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

    2536 Gilbert St S, Salem, OR 97302

    Welcome to this beautiful brand-new construction cottage located at 2536 Gilbert St. S. in South Salem! Offering a delightful combination of modern efficiency, stylish finishes, and high-end conveniences, this residence provides comfortable and low-maintenance living in a desirable neighborhood setting.Move-in Special! Move in before October 1 and receive $750 in FREE RENT!THE

    2536 Gilbert St S, Salem, OR 97302
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    $1,195 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    1456 Liberty St NE Unit 1, Salem, OR 97301

    Investment Management Solutions LLC Kursten Eaves Freshly remodeled studio apartment in a triplex. New paint, flooring and windows. New kitchen countertops and appliances. New bathroom. Unit comes equipped with a heatpump and stacked washer/dryer. Off street parking. No Pets. Tenant(s) are responsible for Electric and Garbage. Water/Sewer is paid by Owner. Month-to-Month lease

    1456 Liberty St NE Unit 1, Salem, OR 97301
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    $1,795 Per Month

    • 3 Beds
    • 2 Baths
    • 1,000 Sq Ft
    • Condo for Rent

    1135 Raffon Ct SE Unit 1, Salem, OR 97317

    Discover this 3-bedroom, 2-bath duplex in SE Salem offering comfortable living and practical amenities. The home features new carpet in the bedrooms, fresh paint, and built-in shelving for added storage. It has large fenced backyard for outdoor space, plus a 1-car garage. Water and sewer are paid by the owner. Please note: no animals, no smoking on the property, and renter’s insurance is

    1135 Raffon Ct SE Unit 1, Salem, OR 97317
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    $1,125 Per Month

    • 1 Bed
    • 1 Bath
    • 708 Sq Ft
    • Condo for Rent

    3418 Liberty Rd S Unit 3418-21, Salem, OR 97302

    Welcome to our 1-bedroom, 1-bathroom apartment located in Salem, OR. Our community offers a fitness center for residents to stay active, an outdoor pool to cool off during the summer months, and patios/decks for enjoying the fresh air. With on-site laundry facilities, residents can conveniently take care of their laundry needs without leaving the property. Our location is close to shopping and

    3418 Liberty Rd S Unit 3418-21, Salem, OR 97302
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    $1,045 Per Month

    • 1 Bed
    • 1 Bath
    • 566 Sq Ft
    • Condo for Rent

    908 Fir St S, Salem, OR 97302

    TERMS: * Special: $99 Move-In Special! * Rent: $1,045 Total Monthly * Optional Renters Benefit Package $50 per month * Deposit: $1,100 (On Approved Credit) * Application Fee: $68 per Adult (18+) * Tenancy: 1 Year Lease Term * Note: 100% Non-Smoking Property IMPORTANT: * INCOME REQ: Must gross 25x the regular rent to qualify. UTILITIES: *

    908 Fir St S, Salem, OR 97302
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    $2,095 Per Month

    • 4 Beds
    • 2 Baths
    • 1,350 Sq Ft
    • Condo for Rent

    5262 Springcrest Dr S, Salem, OR 97306

    This two-story 4-bed, 2-bath duplex unit comes with an attached 1-car garage, a low-maintenance yard, a washer and dryer, a dishwasher, and more! Schedule a tour today!Rent: $2,095.00.00Deposit: $2,095.00 minimumScreening Fee: $65/person 18+ years of ageLease Duration: 1 yearPets: Considered with additional pet rent and depositLandscaping: Tenant

    5262 Springcrest Dr S, Salem, OR 97306
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    $1,595 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    954-MHH954 Capitol St NE Unit 1, Salem, OR 97301

    Investment Management Solutions LLC Kursten Eaves Bottom level, 2 bedroom one bath unit in a triplex. New paint. Single car garage with one off street parking spot and a fenced backyard. Tenant(s) are responsible for Electric, Garbage, and their own landscaping. One small pet dog upon approval with additional security deposit. **New Vinyl windows being installed by

    954-MHH954 Capitol St NE Unit 1, Salem, OR 97301
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    $1,995 Per Month

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

    2560 Gilbert St S, Salem, OR 97302

    Welcome to this beautiful brand-new construction cottage located at 2560 Gilbert St. S. in South Salem! Offering a delightful combination of modern efficiency, stylish finishes, and high-end conveniences, this residence provides comfortable and low-maintenance living in a desirable neighborhood setting.Move-in Special! Move in before October 1 and receive $750 in FREE RENT!*THE

    2560 Gilbert St S, Salem, OR 97302
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    $1,895 Per Month

    • 3 Beds
    • 2 Baths
    • 1,067 Sq Ft
    • Condo for Rent

    5260 Springcrest Dr S, Salem, OR 97306

    This two-story 3-bed, 2-bath duplex unit comes with an attached 1-car garage, a low-maintenance yard, a washer and dryer, a dishwasher, and more! Schedule a tour today!Rent: $1,895.00.00Deposit: $1,895.00 minimumScreening Fee: $65/person 18+ years of ageLease Duration: 1 yearPets: Considered with additional pet rent and depositLandscaping: Tenant

    5260 Springcrest Dr S, Salem, OR 97306
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    $950 Per Month

    • 1 Bed
    • 1 Bath
    • 442 Sq Ft
    • 2217-2221 Lee St SE

    2217-2221 Lee St SE Unit 2219 Lee St SE, Salem, OR 97301

    Offered by Bertolucci Management, Inc. - Oregon's Property Management ExpertsAll applications are available online at or at our office, 2385 Liberty St NE, Salem, OR 97301.AVAILABLE NOW is this one-bedroom apartment within a triplex in SE Salem. Walking through the front door, the kitchen is directly ahead, with the bathroom just off the kitchen. To the right is the living room,

    2217-2221 Lee St SE Unit 2219 Lee St SE, Salem, OR 97301
  • /7

    $1,450 Per Month

    • 2 Beds
    • 1 Bath
    • 1,108 Sq Ft
    • Condo for Rent

    3395 3rd Ave SE Unit 3395, Salem, OR 97302

    Welcome to your new home in Salem, OR! This 2-bedroom, 1-bathroom apartment offers a perfect blend of comfort and convenience. The unit is equipped with washer/dryer hookups for your laundry needs and comes with a single car garage for secure parking. Our community offers a fitness center for residents to stay active, and an outdoor pool to cool off during the summer months. Our location is close

    3395 3rd Ave SE Unit 3395, Salem, OR 97302
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    $1,295 Per Month

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

    1880 Liberty St NE, Salem, OR 97301

    TERMS: * Special: $1,000 Off First Months Rent! * Rent: $1,295 Total Monthly * Deposit: $1,200 (On Approved Credit) * Application Fee: $68 per Adult (18+) * Tenancy: 1 Year Lease Term * Note: 100% Non-Smoking Property IMPORTANT: * INCOME REQ: Must gross 2.5x the regular rent to qualify. UTILITIES: * Included: Water/Sewer/Garbage * Tenant

    1880 Liberty St NE, Salem, OR 97301
  • /19

    $1,800 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,058 Sq Ft
    • Condo for Rent

    4870-4874-4874 Sunnyside Rd SE Unit 4870 Sunnyside Rd. SE, Salem, OR 97302

    Offered by Bertolucci Management, Inc. - Oregon's Property Management ExpertsAll applications are available online at or at our office, 2385 Liberty St NE, Salem, OR 97301.AVAILABLE SOON!This spacious two-bedroom townhome-style duplex located in South Salem. The living room is just off the entry. Past the living room is the dining area and the kitchen with granite countertops

    4870-4874-4874 Sunnyside Rd SE Unit 4870 Sunnyside Rd. SE, Salem, OR 97302

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Frequently Asked Questions

How much does it cost to rent a condo in Salem, OR?
The median rent for a condo in Salem, OR is $1,373 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Salem, OR?
To comfortably afford the median rent in Salem, OR, a household needs to earn roughly $75,800 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 $1,895 per month in Salem, OR, renters typically need to show $5,685 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, OR?
In Salem, OR, the price-to-rent ratio is 19.6, 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.
What neighborhoods in Salem, OR are best for renting a condo?
The best neighborhood for renting in Salem, OR depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include South Central, Southeast Salem, Morningside, Faye Wright and Grant, each with its own character and price range.

Rental Home Trends

Number of Condos for Rent
53
Median Condo Rent
$1,373
Median 1 Bedroom Condo Rent
$1,075
Median 2 Bedroom Condo Rent
$1,395
Median 3 Bedroom Condo Rent
$1,923
How to Rent a Home