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Studio Apartments for Rent in Salem, VA

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    Starting at $1,486

    Total Monthly Price

    • Studio - 3 Beds

    928 Ohio Ave, Salem, VA 24153

    TUCKED IN THE HEART OF SALEM; Valleydale emerges as a beacon of high-end living, providing an unparalleled multifamily experience in a market thirsting for innovation. In transforming the former Valleydale Meat Packers site, this inspired apartment community offers a unique approach to intentional living. With its proximity to bustling downtown, charming local shops, and essential medical and

    Valleydale Apartments

    928 Ohio Ave, Salem, VA 24153
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    $1,045

    Total Monthly Price

    • Studio
    • 2 Baths
    • 1,375 Sq Ft
    • Condo for Rent

    610 S Market St Unit ., 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 Unit ., Salem, VA 24153
  • /12

    $1,045

    Total Monthly Price

    • Studio
    • 2 Baths
    • 1,375 Sq Ft
    • House 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

Why Live in Salem

Salem, Virginia, is a small city of 25,000 residents located in the Roanoke Valley, offering scenic mountain views and a suburban lifestyle. As the county seat of Roanoke County, Salem hosts several government buildings, including the courthouse complex and sheriff's office. The city is home to Roanoke College, a private liberal arts school with Neoclassical and Greek Revival architecture, which serves as a major employer and community hub. Salem City Schools are highly rated, contributing to the area's appeal for families. Outdoor activities abound with numerous national forests and trail systems nearby, including the Roanoke River Greenway and Lake Springs Park. Longwood Park, the largest in the city, features playgrounds, picnic areas, and an amphitheater hosting events like the Pickin’ in the Park festival. Sports enthusiasts can enjoy golfing at Salem Municipal Golf Course and Hidden Valley Country Club, or catch a Salem Red Sox game at Salem Memorial Ballpark. The James E. Taliaferro Sports and Entertainment Complex includes the Salem Football Stadium and Salem Civic Center. Housing options range from stately Victorians and Colonial Revivals near City Hall to newer constructions with large yards and mountain views. Downtown Salem's Main Street offers boutiques, antique stores, and the Salem Farmers Market, while shopping plazas like Spartan Square and Lakeside Plaza provide additional amenities. Interstate 81 and U.S. Route 11 facilitate commutes to nearby towns, and Valley Metro offers bus service to surrounding communities. The Roanoke-Blacksburg Regional Airport is about 9 miles away, providing convenient air travel options.

Frequently Asked Questions

How much does it cost to rent a home in Salem, VA?
The median rent for a home in Salem, VA is $1,400 per month, though prices vary by neighborhood, size, and property type. As of September 2026, townhouses tend to be the most affordable option while condos 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 $56,000 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 $1,400 per month in Salem, VA, renters typically need to show $4,200 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 18.0, 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
$1,400
Median Single Family Home Rent
$1,598
Median Townhouse Rent
$985
Median Condo Rent
$1,400
How to Rent a Home