Salem, VA Condos for Rent

/9
$1,125

Total Monthly Price
- 1 Bed
- 1 Bath
- Condo for Rent
102 Academy St Unit 1, Salem, VA 24153

1 BR 1 BA apartment fully remodeled. Includes new refrigerator, stove, washer/dryer. Wireless Wifi is included in rent and water is billed each month. $1100 per month plus power and water. Apply online at For questions, call .

102 Academy St Unit 1, Salem, VA 24153
Explore Salem
/11
$1,400

Total Monthly Price
- 2 Beds
- 1 Bath
- 900 Sq Ft
- A-D 2223 Bailey Ave
2223 Bailey Ave Unit Bailey B, Salem, VA 24153

2 Bedroom Salem Townhouse!

2223 Bailey Ave Unit Bailey B, Salem, VA 24153
/12
$1,045

Total Monthly Price
- Studio
- 2 Baths
- 1,375 Sq Ft
- Condo for Rent
610 S Market St, Salem, VA 24153

Take advantage of this spacious commercial space conveniently located in Salem. This versatile property is well suited for a wide range of businesses, including professional offices, real estate offices, insurance agencies, law firms, accounting offices, medical or wellness practices, counseling services, training centers, and other service based businesses. The space features a welcoming

610 S Market St, Salem, VA 24153

Virginia Salem City County

Frequently Asked Questions

How much does it cost to rent a condo in Salem, VA?

The median rent for a condo in Salem, VA is $1,045 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, VA?

To comfortably afford the median rent in Salem, VA, a household needs to earn roughly $55,800 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 $1,395 per month in Salem, VA, renters typically need to show $4,185 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, VA?

In Salem, VA, the price-to-rent ratio is 17.9, 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, VA are best for renting a condo?

The best neighborhood for renting in Salem, VA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Raleigh Court, Cave Spring, Downtown Roanoke, Old Southwest and South Washington Heights, each with its own character and price range.

Condo Rental Trends in Salem, VA

There are currently 3 condos available for rent in Salem, VA. The median rent is $1,045 per month, with 1-bedroom condos renting at $1,045 and 2-bedroom condos at $1,400.

Rental Home Trends

Number of Condos for Rent 3	Median Condo Rent $1,045
Median 1 Bedroom Condo Rent $1,045	Median 2 Bedroom Condo Rent $1,400

How to Rent a Home

Condos for Rent by Price in Salem

Salem Condos for Rent under $1,200

Rentals in Salem

Condos for Rent by Bedrooms in Salem

More About Living in Salem

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Condos for Rent in Nearby Cities

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