$1,250
Total Monthly Price
- 3 Beds
- 1 Bath
- 1,500 Sq Ft
- House for Rent
603 W Calhoun St, Salem, VA 24153
House has fenced in backyard, washer dryer hookup, listed as 3 bedroom but one real small so could be office or baby room, all electric
Frequently Asked Questions
How much does it cost to rent a single-family home in Salem, VA?
The median rent for a single-family home in Salem, VA is $1,922 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, 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 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.
What neighborhoods in Salem, VA are best for renting a single-family home?
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 single-family home include Cave Spring, Raleigh Court, Grandin Court, Melrose-Rugby and Washington Park, each with its own character and price range.
