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Studio Apartments for Rent in Salem, OR

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    Starting at $1,310 Per Month

    • Studio - 3 Beds

    102 Greencrest St NE, Salem, OR 97301

    Discover our premier apartment community, Eastpark Apartment Homes, in Salem, OR, near Silverton. With delicious restaurants and charming local boutiques just minutes away from this vibrant community, there's always something to explore. Our pet-friendly apartments offer a welcoming space designed for any lifestyle. Take a closer look at everything we have in store for you!

    Eastpark Apartment Homes

    102 Greencrest St NE, Salem, OR 97301
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    Starting at $1,325 Per Month

    • Studio

    4752 Liberty Rd S, Salem, OR 97302

    Discover Cappella Apartments in South Salem’s Sunnyslope neighborhood. These modern apartment homes feature quartz countertops, stainless steel appliances, and open, comfortable layouts designed for everyday living.Residents enjoy a fitness center, full size basketball court, fire pit, BBQ area, and electric vehicle charging. Cappella offers a great mix of comfort, convenience, and location.

    Cappella Apartments

    4752 Liberty Rd S, Salem, OR 97302
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    Starting at $1,199 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 $1,560

    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 $1,199

    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 $1,345 Per Month

    • Studio - 1 Bed

    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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    Starting at $1,050 Per Month

    • Studio

    585 Winter St NE, Salem, OR 97301

    The Lee Apartments are walking distance to the YMCA. Minutes away from shopping, restaurants and parks. Close to state offices, the State Capitol and Willamette University. Saturday Market is close by, Shopping and restaurants are just minutes. Pet-Friendly building!

    The Lee Apartments

    585 Winter St NE, Salem, OR 97301
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    $1,350 Per Month

    • Studio
    • 1 Bath
    • 404 Sq Ft
    • MOVE IN SPECIAL - See Description for Details

    455 Court St NE Unit 455-207, Salem, OR 97301

    Move-In Special:Receive $1,200 off your first month’s rent or $100 off monthly rent for 12 months with a one-year lease.Close to public transportation, government offices, and some of the best dining and entertainment Salem has to offer, Court Street Apartments are newly renovated and located in the historic Meyers Building. Modern stainless steel appliances, quartz countertops, tile

    455 Court St NE Unit 455-207, Salem, OR 97301
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    $1,325 Per Month

    • Studio
    • 1 Bath
    • 500 Sq Ft
    • First months free rent and $500 deposit move in special!

    1345 Waller St SE, Salem, OR 97302

    First months free rent and only $500 Deposit! Brand new studio and 1 bedroom 1 bath ApartmentsCurrent Move-In Specials:$1,325 for a year lease $1,375 for a 6 month leaseNow Leasing: Brand New Waller ApartmentsBe among the first to call Waller Apartments home—a newly developed, thoughtfully designed community offering a perfect balance of modern comfort and timeless

    1345 Waller St SE, Salem, OR 97302
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    $1,350 Per Month

    • Studio
    • 1 Bath
    • 403 Sq Ft
    • MOVE IN SPECIAL - See Description for Details

    455 Court St NE Unit 455-206, Salem, OR 97301

    Move-In Special:Receive $1,200 off your first month’s rent or $100 off monthly rent for 12 months with a one-year lease.Close to public transportation, government offices, and some of the best dining and entertainment Salem has to offer, Court Street Apartments are newly renovated and located in the historic Meyers Building. Modern stainless steel appliances, quartz countertops, tile

    455 Court St NE Unit 455-206, 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 July 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 19.4, 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
11
Median Rent
$1,895
Median Single Family Home Rent
$2,173
Median Townhouse Rent
$2,000
Median Condo Rent
$1,395
How to Rent a Home