Cheapest Neighborhoods in Salem, OR
Some of the cheapest neighborhoods in Salem are Northgate, Northeast Neighbors, and Morningside. These neighborhoods offer some of the lowest rent prices in Salem, making them ideal for renters on a budget. As of September 10, 2026, the average rent in Salem is $1,197, which is 0% 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
$1,077/Month
Year-Over-Year Rent Change
2.2%
Units Available
14 Rentals
Northgate is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northgate is $1,077 while the city average is $1,197. This is a 2.2% difference from last year. Residents enjoy convenient access to Wheatland Road, Keizer Rapids Park, and Willamette University.
Northeast Neighbors
Average Rent
$1,092/Month
Year-Over-Year Rent Change
0.5%
Units Available
15 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out Northeast Neighbors. The average rent is $1,092, compared to the city average of $1,197. Rent prices have increased by 0.5%. Northeast Neighbors is convenient to A.C. Gilbert's Discovery Village, Bush's Pasture Park, and Chemeketa C.C., Salem Campus.
Morningside
Average Rent
$1,150/Month
Year-Over-Year Rent Change
3.3%
Units Available
27 Rentals
Morningside is an affordable neighborhood in Salem with an average rent price of $1,150. Compare this to the city average of $1,197. In the past year, rent prices have decreased by 3.3%. Morningside provides easy access to Chemeketa C.C., Yamhill Valley, Straub Environmental Learning Center, and Eola Bend Park.
South Salem
Average Rent
$1,193/Month
Year-Over-Year Rent Change
1%
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 $1,193, while the city’s average stands at $1,197. In the last year, prices have increased by 1%. South Salem is near Candalaria Terrace, Willamette University, and Chemeketa C.C., Salem Campus.
North Lancaster
Average Rent
$1,216/Month
Year-Over-Year Rent Change
1%
Units Available
12 Rentals
North Lancaster is a top choice for budget-conscious renters for a variety of reasons. The average rent in North Lancaster is $1,216 while the city average is $1,197. This is a 1% difference from last year. Residents enjoy convenient access to LaSunny Plaza, Chemeketa C.C., Yamhill Valley, and Cascade Gateway Park.
Northeast Salem
Average Rent
$1,231/Month
Year-Over-Year Rent Change
0.5%
Units Available
21 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out Northeast Salem. The average rent is $1,231, compared to the city average of $1,197. Rent prices have decreased by 0.5%. Northeast Salem is convenient to Bush's Pasture Park, Chemeketa C.C., Yamhill Valley, and 1010 Hawthorne Ave SE.
South Gateway
Average Rent
$1,304/Month
Year-Over-Year Rent Change
0.6%
Units Available
18 Rentals
South Gateway is an affordable neighborhood in Salem with an average rent price of $1,304. Compare this to the city average of $1,197. In the past year, rent prices have increased by 0.6%. South Gateway provides easy access to Buena Vista, Bush's Pasture Park, and EAWEST Development.
Four Corners
Average Rent
$1,338/Month
Year-Over-Year Rent Change
0.3%
Units Available
15 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 $1,338, while the city’s average stands at $1,197. In the last year, prices have increased by 0.3%. Four Corners is near Rickey Street Plaza, Chemeketa C.C., Salem Campus, and Chemeketa Community College Planetarium.
East Lancaster
Average Rent
$1,461/Month
Year-Over-Year Rent Change
0.4%
Units Available
15 Rentals
East Lancaster is a top choice for budget-conscious renters for a variety of reasons. The average rent in East Lancaster is $1,461 while the city average is $1,197. This is a 0.4% difference from last year. Residents enjoy convenient access to The Center, Straub Environmental Learning Center, and A.C. Gilbert's Discovery Village.
South Central
Average Rent
$1,463/Month
Year-Over-Year Rent Change
0.6%
Units Available
42 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out South Central. The average rent is $1,463, compared to the city average of $1,197. Rent prices have increased by 0.6%. South Central is convenient to Straub Environmental Learning Center, Chemeketa C.C., Salem Campus, and Eastgate Shopping Center.
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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.