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Studio Apartments for Rent in Salem, OR

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    Starting at $1,356 Per Month

    • Studio - 3 Beds

    5115 Countryside Dr NE, Salem, OR 97305

    Your search for the perfect home ends here at Northplace Apartment Homes. With a wealth of luxurious amenities, stylish interiors, and inviting leisure spaces, our apartments in Salem, OR offer a sense of comfort and belonging you won't find anywhere else.

    Northplace Apartment Homes

    5115 Countryside Dr NE, Salem, OR 97305
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    Starting at $1,099 Per Month

    • Studio - 3 Beds

    3900 Santiam Pass Way NE, Salem, OR 97305

    Welcome to your new home at Willamette Estates; an exceptional multi-family property in Salem, Oregon! We offer studios, one, two, and three bedroom homes with quality craftsmanship throughout each home. The cozy gas fireplaces in select homes add a touch of warmth and ambiance, making it the ideal spot to unwind after a long day. One of the standout features of the community are

    Willamette Estates

    3900 Santiam Pass Way NE, Salem, OR 97305
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    Starting at $1,371 Per Month

    • Studio - 2 Beds

    4752 Liberty Rd S, Salem, OR 97302

    Welcome to Cappella Apartments, a modern apartment community located in South Salem, Oregon. Our homes feature contemporary finishes, open living spaces, and the comfort and convenience you deserve.Residents enjoy a variety of community amenities including a fitness center, EV charging station, fire pit and BBQ area, volleyball court, and beautifully maintained grounds.

    Cappella

    4752 Liberty Rd S, Salem, OR 97302
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    Starting at $1,298

    Total Monthly Price

    • Studio - 1 Bed

    424 Center St NE, Salem, OR 97301

    Discover Rivenwood-where modern living meets the energy of Downtown Salem. Our pet-friendly studio, one-, and two-bedroom apartments feature contemporary finishes and intuitive layouts. On-site coworking and social spaces make it easy to stay connected, while restaurants, shops, and parks are all within walking distance. At Rivenwood, you're not just renting an apartment-you're gaining a home at

    Rivenwood

    424 Center St NE, Salem, OR 97301
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    Starting at $1,439

    Total Monthly Price

    • Studio - 3 Beds

    315 Commercial St SE, Salem, OR 97301

    Discover comfort and convenience at South Block Apartments in Salem, Oregon. Offering studio, one-, two-, and three-bedroom apartment homes, this community blends modern finishes with a prime downtown location. Residents enjoy stylish interiors with quartz countertops, vinyl plank flooring, and spacious walk-in closets. With scenic views and easy access to the city?s best attractions, South Block

    South Block Apartments

    315 Commercial St SE, Salem, OR 97301
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    Starting at $1,515 Per Month

    • Studio - 2 Beds

    211 Court St NE, Salem, OR 97301

    Experience the style and convenience you've been searching for at The Court Yard, located just one block from the scenic Riverfront City Park in NE Salem. With endless activities right at your doorstep, you'll have access to running trails, the Salem Riverfront Carousel, a splash pad, and a play area. Enjoy easy access to Salem's top restaurants, bars, tap rooms, boutiques, and art venues-whether

    The Court Yard

    211 Court St NE, Salem, OR 97301
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    Starting at $500 Per Month

    • Studio

    150-160 Liberty St NE, Salem, OR 97301

    * In-Unit Laundry: Forget the laundromat—every home includes its own washer and dryer.* Chef-Ready Kitchen: Full suite of appliances including a fridge, stove, dishwasher, and microwave.* Climate Control: Stay comfortable year-round with built-in Air Conditioning and efficient electric heat.* Smoke-Free: Enjoy the peace of mind of a meticulously maintained, 100%

    The Metropolitan Building

    150-160 Liberty St NE, Salem, OR 97301
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    Starting at $950 Per Month

    • Studio

    1065 Madison St NE, Salem, OR 97301

    Madison Court Apartments

    1065 Madison St NE, Salem, OR 97301
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    $1,350 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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    $1,200 Per Month

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

    440 State St Unit 440 State St #220, 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 #220, Salem, OR 97301

Why Live in Salem

Salem's historic downtown and expansive parks create an engaging lifestyle for residents. The 46-park system includes Riverfront Park along the Willamette River, where families gather at the Salem Riverfront Carousel, and the sprawling Minto-Brown Island Park with miles of hiking and birdwatching trails. The Willamette Heritage Center preserves local history while the restored Elsinore Theatre hosts diverse performances. Residents enjoy fine dining at Bentley's Grill, featuring Northwest cuisine, or casual fare at Wild Pear, which blends New American and Vietnamese flavors.

The Salem housing market includes approximately 600 homes for sale, ranging from $294,000 to $1.45 million. The median sale price sits at $440,000, with median townhome prices at $1,045,000 and median single-family home prices at $450,000. Two-bedroom condos have a median price of $309,500. West Salem commands higher prices with median single-family home prices of $510,000, while Highland presents more affordable options at $314,000. The Croisan-Illahe area tops the market with median single-family prices of $662,500.

Property taxes in Marion County maintain a 0.88% effective rate, lower than Portland's 0.96%. Oregon has no sales tax, though the state income tax rate reaches 8.75%. Commuters appreciate the 47-mile drive to Portland, typically taking one hour via Interstate 5. The Cherriots bus system serves local routes, while Amtrak connects to major cities. Education options include Early College High School, rated A by Niche, and the highly regarded Queen of Peace School, rated A+. Willamette University, Oregon's oldest university, adds academic prestige to the community.

Frequently Asked Questions

How much does it cost to rent a home in Salem, OR?
The median rent for a home in Salem, OR is $1,895 per month, though prices vary by neighborhood, size, and property type. As of August 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 19.5, 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
10
Median Rent
$1,895
Median Single Family Home Rent
$2,168
Median Townhouse Rent
$2,023
Median Condo Rent
$1,393
How to Rent a Home