Cheapest Neighborhoods in Salem, OR
Some of the cheapest neighborhoods in Salem are Northeast Neighbors, Northgate, and Northeast Salem. These neighborhoods offer some of the lowest rent prices in Salem, making them ideal for renters on a budget. As of June 11, 2026, the average rent in Salem is $1,200, 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
$1,110/Month
Year-Over-Year Rent Change
0.3%
Units Available
16 Rentals
Northeast Neighbors is an affordable neighborhood in Salem with an average rent price of $1,110. Compare this to the city average of $1,200. In the past year, rent prices have increased by 0.3%. Northeast Neighbors provides easy access to Chemeketa Community College Planetarium, A.C. Gilbert's Discovery Village, and Western Oregon University.
Northgate
Average Rent
$1,110/Month
Year-Over-Year Rent Change
3.7%
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Salem, Northgate might be the perfect place! It has an average rent price of $1,110, while the city’s average stands at $1,200. In the last year, prices have increased by 3.7%. Northgate is near A.C. Gilbert's Discovery Village, Keizer Village, and Western Oregon University.
Northeast Salem
Average Rent
$1,171/Month
Year-Over-Year Rent Change
1%
Units Available
31 Rentals
Northeast Salem is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northeast Salem is $1,171 while the city average is $1,200. This is a 1% difference from last year. Residents enjoy convenient access to Salem Valley Shopping Center, Willamette University, and Chemeketa Community College Planetarium.
Southeast Salem
Average Rent
$1,192/Month
Year-Over-Year Rent Change
1.2%
Units Available
10 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out Southeast Salem. The average rent is $1,192, compared to the city average of $1,200. Rent prices have decreased by 1.2%. Southeast Salem is convenient to A.C. Gilbert's Discovery Village, Western Oregon University, and Mission Street Crossing.
Faye Wright
Average Rent
$1,194/Month
Year-Over-Year Rent Change
1.5%
Units Available
14 Rentals
Faye Wright is an affordable neighborhood in Salem with an average rent price of $1,194. Compare this to the city average of $1,200. In the past year, rent prices have increased by 1.5%. Faye Wright provides easy access to Bush's Pasture Park, Joryville Park, and Laike Plaza Retail.
North Lancaster
Average Rent
$1,205/Month
Year-Over-Year Rent Change
1.4%
Units Available
17 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 $1,205, while the city’s average stands at $1,200. In the last year, prices have decreased by 1.4%. North Lancaster is near Chemeketa C.C., Yamhill Valley, Chemeketa Community College Planetarium, and SunnyLan Center.
South Salem
Average Rent
$1,215/Month
Units Available
11 Rentals
South Salem is a top choice for budget-conscious renters for a variety of reasons. The average rent in South Salem is $1,215 while the city average is $1,200. This is a -0% difference from last year. Residents enjoy convenient access to Straub Environmental Learning Center, Minto Island Park, and Western Oregon University.
Morningside
Average Rent
$1,220/Month
Year-Over-Year Rent Change
4.6%
Units Available
28 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out Morningside. The average rent is $1,220, compared to the city average of $1,200. Rent prices have decreased by 4.6%. Morningside is convenient to Eola Bend Park, Minto Island Park, and Willamette University.
Hayesville
Average Rent
$1,277/Month
Year-Over-Year Rent Change
0.6%
Units Available
41 Rentals
Hayesville is an affordable neighborhood in Salem with an average rent price of $1,277. Compare this to the city average of $1,200. In the past year, rent prices have decreased by 0.6%. Hayesville provides easy access to Chemeketa C.C., Salem Campus, Straub Environmental Learning Center, and Oak Park Plaza.
South Gateway
Average Rent
$1,321/Month
Year-Over-Year Rent Change
0.9%
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 $1,321, while the city’s average stands at $1,200. In the last year, prices have decreased by 0.9%. South Gateway is near Chemeketa C.C., Salem Campus, Willamette University, and Cascade Gateway 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.