Most Affordable Neighborhoods in Salem, OR
Some of the cheapest neighborhoods in Salem are Highland, Northgate, and Oregon West Area. These neighborhoods offer some of the lowest rent prices in Salem, making them ideal for renters on a budget. As of April 29, 2025, the average rent in Salem is $1,192, which is 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.
Highland
Average Rent
$1,048/Month
Year-Over-Year Rent Change
3.6%
TransitScore® Rating
39/100
Units Available
4 Rentals
If you’re looking for a great, affordable neighborhood in Salem, Highland might be the perfect place! It has an average rent price of $1,048, while the city’s average stands at $1,192. In the last year, prices have increased by 3.6%. Highland is near Chemeketa C.C., Salem Campus, Salem Triangle, and Keizer Rapids Park.
Northgate
Average Rent
$1,114/Month
Year-Over-Year Rent Change
4.3%
TransitScore® Rating
36/100
Units Available
11 Rentals
Northgate is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northgate is $1,114 while the city average is $1,192. This is a 4.3% difference from last year. Residents enjoy convenient access to Keizer Rapids Park, Allen Plaza, and Chemewa Station. The neighborhood is considered car-dependent with a WalkScore® of 46.
Oregon West Area
Average Rent
$1,136/Month
Units Available
94 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out Oregon West Area. The average rent is $1,136, compared to the city average of $1,192.
Grant
Average Rent
$1,147/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
46/100
Units Available
3 Rentals
Grant is an affordable neighborhood in Salem with an average rent price of $1,147. Compare this to the city average of $1,192. In the past year, rent prices have increased by 1%. Grant provides easy access to Chemeketa C.C., Yamhill Valley, Eola Bend Park, and Western Oregon University. It’s a walkable neighborhood with a WalkScore® of 79.
Northeast Neighbors
Average Rent
$1,151/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
44/100
Units Available
15 Rentals
If you’re looking for a great, affordable neighborhood in Salem, Northeast Neighbors might be the perfect place! It has an average rent price of $1,151, while the city’s average stands at $1,192. In the last year, prices have increased by 1%. Northeast Neighbors is near Bush's Pasture Park, Willamette University, and Straub Environmental Learning Center.
Northeast Salem
Average Rent
$1,169/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
31/100
Units Available
12 Rentals
Northeast Salem is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northeast Salem is $1,169 while the city average is $1,192. This is a 1.6% difference from last year. Residents enjoy convenient access to Cascade Gateway Park, Chemeketa C.C., Salem Campus, and Lancaster Place. The neighborhood is considered somewhat walkable with a WalkScore® of 62.
Morningside
Average Rent
$1,186/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
32/100
Units Available
16 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out Morningside. The average rent is $1,186, compared to the city average of $1,192. Rent prices have decreased by 1.1%. Morningside is convenient to Eola Bend Park, Western Oregon University, and Willamette University. The community is somewhat walkable with a WalkScore® of 61.
North Lancaster
Average Rent
$1,220/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
41/100
Units Available
14 Rentals
North Lancaster is an affordable neighborhood in Salem with an average rent price of $1,220. Compare this to the city average of $1,192. In the past year, rent prices have decreased by 0.2%. North Lancaster provides easy access to Bush's Pasture Park, Willamette University, and Straub Environmental Learning Center. It’s a walkable neighborhood with a WalkScore® of 74.
South Salem
Average Rent
$1,238/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
27/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Salem, South Salem might be the perfect place! It has an average rent price of $1,238, while the city’s average stands at $1,192. In the last year, prices have decreased by 2.4%. South Salem is near Willamette University, Straub Environmental Learning Center, and Minto Island Park.
Faye Wright
Average Rent
$1,254/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
30/100
Units Available
6 Rentals
Faye Wright is a top choice for budget-conscious renters for a variety of reasons. The average rent in Faye Wright is $1,254 while the city average is $1,192. This is a -1.2% difference from last year. Residents enjoy convenient access to Linn-Benton Community College, Chemeketa C.C., Salem Campus, and Willamette University. The neighborhood is considered walkable with a WalkScore® of 71.
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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.