Cheapest Neighborhoods in Salem, OR
Some of the cheapest neighborhoods in Salem are Northeast Neighbors, Northgate, and Morningside. These neighborhoods offer some of the lowest rent prices in Salem, making them ideal for renters on a budget. As of July 27, 2026, the average rent in Salem is $1,199, which is 0.1% lower 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.
Northeast Neighbors
Average Rent
$1,066/Month
Year-Over-Year Rent Change
0.3%
Units Available
13 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 $1,066, while the city’s average stands at $1,199. In the last year, prices have increased by 0.3%. Northeast Neighbors is near Roseland Center, Chemeketa C.C., Salem Campus, and Straub Environmental Learning Center.
Northgate
Average Rent
$1,068/Month
Year-Over-Year Rent Change
2.6%
Units Available
11 Rentals
Northgate is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northgate is $1,068 while the city average is $1,199. This is a 2.6% difference from last year. Residents enjoy convenient access to Chemeketa Community College Planetarium, Spong's Landing Park, and Chemeketa C.C., Salem Campus.
Morningside
Average Rent
$1,157/Month
Year-Over-Year Rent Change
5.4%
Units Available
32 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out Morningside. The average rent is $1,157, compared to the city average of $1,199. Rent prices have decreased by 5.4%. Morningside is convenient to Eola Bend Park, Minto Island Park, and Straub Environmental Learning Center.
North Lancaster
Average Rent
$1,174/Month
Year-Over-Year Rent Change
0.3%
Units Available
12 Rentals
North Lancaster is an affordable neighborhood in Salem with an average rent price of $1,174. Compare this to the city average of $1,199. In the past year, rent prices have increased by 0.3%. North Lancaster provides easy access to Chemeketa C.C., Yamhill Valley, Chemeketa C.C., Salem Campus, and Willamette University.
Northeast Salem
Average Rent
$1,179/Month
Year-Over-Year Rent Change
0.1%
Units Available
27 Rentals
If you’re looking for a great, affordable neighborhood in Salem, Northeast Salem might be the perfect place! It has an average rent price of $1,179, while the city’s average stands at $1,199. In the last year, prices have increased by 0.1%. Northeast Salem is near Western Oregon University, Bush's Pasture Park, and State Street Crossing.
Hayesville
Average Rent
$1,265/Month
Year-Over-Year Rent Change
0.5%
Units Available
38 Rentals
Hayesville is a top choice for budget-conscious renters for a variety of reasons. The average rent in Hayesville is $1,265 while the city average is $1,199. This is a 0.5% difference from last year. Residents enjoy convenient access to Wheatland Road, Straub Environmental Learning Center, and Bush's Pasture Park.
South Gateway
Average Rent
$1,322/Month
Year-Over-Year Rent Change
0.7%
Units Available
19 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out South Gateway. The average rent is $1,322, compared to the city average of $1,199. Rent prices have decreased by 0.7%. South Gateway is convenient to Linn-Benton Community College, Bush's Pasture Park, and Willamette University.
Four Corners
Average Rent
$1,349/Month
Year-Over-Year Rent Change
0.3%
Units Available
15 Rentals
Four Corners is an affordable neighborhood in Salem with an average rent price of $1,349. Compare this to the city average of $1,199. In the past year, rent prices have increased by 0.3%. Four Corners provides easy access to Chemeketa Community College Planetarium, Rickey Street Plaza, and Western Oregon University.
South Central
Average Rent
$1,424/Month
Year-Over-Year Rent Change
0.2%
Units Available
48 Rentals
If you’re looking for a great, affordable neighborhood in Salem, South Central might be the perfect place! It has an average rent price of $1,424, while the city’s average stands at $1,199. In the last year, prices have increased by 0.2%. South Central is near Western Oregon University, A.C. Gilbert's Discovery Village, and Minto Island Park.
West Salem
Average Rent
$1,439/Month
Year-Over-Year Rent Change
0.4%
Units Available
26 Rentals
West Salem is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Salem is $1,439 while the city average is $1,199. This is a 0.4% difference from last year. Residents enjoy convenient access to Wheatland Road, Keizer Rapids Park, and The Pointe at Glen Creek.
Ready to make your move to Salem? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.