Best Affordable Neighborhoods in Salem, OR
Some of the cheapest neighborhoods in Salem are Northgate, South Salem, and Northeast Salem. These neighborhoods offer some of the lowest rent prices in Salem, making them ideal for renters on a budget. As of March 13, 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.
Northgate
Average Rent
$1,125/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
36/100
Units Available
10 Rentals
Northgate is an affordable neighborhood in Salem with an average rent price of $1,125. Compare this to the city average of $1,204. In the past year, rent prices have decreased by 0.3%. Northgate provides easy access to Straub Environmental Learning Center, Chemeketa C.C., Salem Campus, and Keizer Village. It’s a car-dependent neighborhood with a WalkScore® of 46.
South Salem
Average Rent
$1,176/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
27/100
Units Available
11 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 $1,176, while the city’s average stands at $1,204. In the last year, prices have increased by 0.6%. South Salem is near Willamette University, Western Oregon University, and Straub Environmental Learning Center.
Northeast Salem
Average Rent
$1,186/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
31/100
Units Available
28 Rentals
Northeast Salem is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northeast Salem is $1,186 while the city average is $1,204. This is a -0.1% difference from last year. Residents enjoy convenient access to Cascade Gateway Park, A.C. Gilbert's Discovery Village, and Chemeketa Community College Planetarium. The neighborhood is considered somewhat walkable with a WalkScore® of 62.
North Lancaster
Average Rent
$1,192/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
41/100
Units Available
14 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out North Lancaster. The average rent is $1,192, compared to the city average of $1,204. Rent prices have decreased by 0.6%. North Lancaster is convenient to Willamette University, Chemeketa Community College Planetarium, and Chemeketa C.C., Yamhill Valley. The community is walkable with a WalkScore® of 74.
Northeast Neighbors
Average Rent
$1,209/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
44/100
Units Available
16 Rentals
Northeast Neighbors is an affordable neighborhood in Salem with an average rent price of $1,209. Compare this to the city average of $1,204. In the past year, rent prices have increased by 0.2%. Northeast Neighbors provides easy access to Chemeketa C.C., Yamhill Valley, Western Oregon University, and Salem Center. It’s a somewhat walkable neighborhood with a WalkScore® of 69.
Hayesville
Average Rent
$1,268/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
38/100
Units Available
40 Rentals
If you’re looking for a great, affordable neighborhood in Salem, Hayesville might be the perfect place! It has an average rent price of $1,268, while the city’s average stands at $1,204. In the last year, prices have decreased by 1.3%. Hayesville is near Straub Environmental Learning Center, Bush's Pasture Park, and Chemeketa C.C., Salem Campus.
Morningside
Average Rent
$1,273/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
32/100
Units Available
32 Rentals
Morningside is a top choice for budget-conscious renters for a variety of reasons. The average rent in Morningside is $1,273 while the city average is $1,204. This is a 1.5% difference from last year. Residents enjoy convenient access to Eola Bend Park, Chemeketa C.C., Yamhill Valley, and Bush's Pasture Park. The neighborhood is considered somewhat walkable with a WalkScore® of 61.
Faye Wright
Average Rent
$1,283/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
30/100
Units Available
14 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out Faye Wright. The average rent is $1,283, compared to the city average of $1,204. Rent prices have increased by 0.2%. Faye Wright is convenient to Bush's Pasture Park, Eola Bend Park, and Minto Island Park. The community is walkable with a WalkScore® of 71.
Four Corners
Average Rent
$1,343/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
5/100
Units Available
18 Rentals
Four Corners is an affordable neighborhood in Salem with an average rent price of $1,343. Compare this to the city average of $1,204. In the past year, rent prices have increased by 0.6%. Four Corners provides easy access to Cascade Gateway Park, Lancaster Marketplace, and Chemeketa C.C., Salem Campus. It’s a somewhat walkable neighborhood with a WalkScore® of 63.
South Gateway
Average Rent
$1,362/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
31/100
Units Available
18 Rentals
If you’re looking for a great, affordable neighborhood in Salem, South Gateway might be the perfect place! It has an average rent price of $1,362, while the city’s average stands at $1,204. In the last year, prices have decreased by 0.1%. South Gateway is near Linn-Benton Community College, Eola Bend Park, and Bush's Pasture Park.
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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.