Best Affordable Neighborhoods in Salem, OR

Some of the cheapest neighborhoods in Salem are Faye Wright, Northeast Neighbors, and Northeast Salem. These neighborhoods offer some of the lowest rent prices in Salem, making them ideal for renters on a budget. As of April 27, 2026, the average rent in Salem is $1,204, which is 0.1% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.

Faye Wright

Average Rent

$1,102/Month

Year-Over-Year Rent Change

1%

Units Available

15 Rentals

If you’re looking for a great, affordable neighborhood in Salem, Faye Wright might be the perfect place! It has an average rent price of $1,102, while the city’s average stands at $1,204. In the last year, prices have increased by 1%. Faye Wright is near Minto Island Park, Linn-Benton Community College, and Laike Plaza.

Apartments for Rent in Faye Wright Faye Wright Cheap Apartments

Northeast Neighbors

Average Rent

$1,148/Month

Year-Over-Year Rent Change

0.1%

Units Available

14 Rentals

Northeast Neighbors is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northeast Neighbors is $1,148 while the city average is $1,204. This is a 0.1% difference from last year. Residents enjoy convenient access to Chemeketa C.C., Yamhill Valley, Salem Center, and Straub Environmental Learning Center.

Apartments for Rent in Northeast Neighbors Northeast Neighbors Cheap Apartments

Northeast Salem

Average Rent

$1,183/Month

Year-Over-Year Rent Change

0.4%

Units Available

33 Rentals

When you’re looking for a great Salem neighborhood on a budget, check out Northeast Salem. The average rent is $1,183, compared to the city average of $1,204. Rent prices have increased by 0.4%. Northeast Salem is convenient to A.C. Gilbert's Discovery Village, Evergreen Plaza, and Cascade Gateway Park.

Apartments for Rent in Northeast Salem Northeast Salem Cheap Apartments Northeast Salem Low Income Apartments

South Salem

Average Rent

$1,192/Month

Year-Over-Year Rent Change

0.5%

Units Available

15 Rentals

South Salem is an affordable neighborhood in Salem with an average rent price of $1,192. Compare this to the city average of $1,204. In the past year, rent prices have increased by 0.5%. South Salem provides easy access to Straub Environmental Learning Center, Chemeketa C.C., Yamhill Valley, and Willamette University.

Apartments for Rent in South Salem South Salem Cheap Apartments

North Lancaster

Average Rent

$1,196/Month

Year-Over-Year Rent Change

0.5%

Units Available

14 Rentals

If you’re looking for a great, affordable neighborhood in Salem, North Lancaster might be the perfect place! It has an average rent price of $1,196, while the city’s average stands at $1,204. In the last year, prices have decreased by 0.5%. North Lancaster is near Bush's Pasture Park, Chemeketa C.C., Yamhill Valley, and SunnyLan Center.

Apartments for Rent in North Lancaster North Lancaster Cheap Apartments North Lancaster Low Income Apartments

Morningside

Average Rent

$1,229/Month

Year-Over-Year Rent Change

0.5%

Units Available

46 Rentals

Morningside is a top choice for budget-conscious renters for a variety of reasons. The average rent in Morningside is $1,229 while the city average is $1,204. This is a 0.5% difference from last year.

Apartments for Rent in Morningside Morningside Cheap Apartments Morningside Low Income Apartments

South Gateway

Average Rent

$1,270/Month

Year-Over-Year Rent Change

0.6%

Units Available

19 Rentals

When you’re looking for a great Salem neighborhood on a budget, check out South Gateway. The average rent is $1,270, compared to the city average of $1,204. Rent prices have decreased by 0.6%. South Gateway is convenient to Cascade Gateway Park, Joryville Park, and Wiltsey Crossing.

Apartments for Rent in South Gateway South Gateway Cheap Apartments

Hayesville

Average Rent

$1,317/Month

Units Available

39 Rentals

Hayesville is an affordable neighborhood in Salem with an average rent price of $1,317. Compare this to the city average of $1,204. In the past year, rent prices have increased by 0%. Hayesville provides easy access to Roth's Hayesville Center, Pioneer Square II, and Bush's Pasture Park.

Apartments for Rent in Hayesville Hayesville Cheap Apartments Hayesville Low Income Apartments

Four Corners

Average Rent

$1,330/Month

Year-Over-Year Rent Change

0.3%

Units Available

22 Rentals

If you’re looking for a great, affordable neighborhood in Salem, Four Corners might be the perfect place! It has an average rent price of $1,330, while the city’s average stands at $1,204. In the last year, prices have increased by 0.3%. Four Corners is near Cascade Gateway Park, Western Oregon University, and A.C. Gilbert's Discovery Village.

Apartments for Rent in Four Corners Four Corners Cheap Apartments Four Corners Low Income Apartments

South Central

Average Rent

$1,418/Month

Year-Over-Year Rent Change

0.6%

Units Available

68 Rentals

South Central is a top choice for budget-conscious renters for a variety of reasons. The average rent in South Central is $1,418 while the city average is $1,204. This is a -0.6% difference from last year. Residents enjoy convenient access to A.C. Gilbert's Discovery Village, Bush's Pasture Park, and Eola Bend Park.

Apartments for Rent in South Central South Central Cheap Apartments

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Methodology

Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.

We've combined this data with public records to provide the most current rental information available.