Best Affordable Neighborhoods in Salem, OR
Some of the cheapest neighborhoods in Salem are Northeast Neighbors, South Salem, and North Lancaster. These neighborhoods offer some of the lowest rent prices in Salem, making them ideal for renters on a budget. As of December 12, 2025, the average rent in Salem is $1,198, which is 0.8% 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.
Northeast Neighbors
Average Rent
$1,151/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
44/100
Units Available
19 Rentals
Northeast Neighbors is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northeast Neighbors is $1,151 while the city average is $1,198. This is a 0.7% difference from last year. Residents enjoy convenient access to Bush's Pasture Park, Chemeketa C.C., Salem Campus, and Chemeketa C.C., Yamhill Valley. The neighborhood is considered somewhat walkable with a WalkScore® of 69.
South Salem
Average Rent
$1,204/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
27/100
Units Available
10 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out South Salem. The average rent is $1,204, compared to the city average of $1,198. Rent prices have increased by 1.6%. South Salem is convenient to Chemeketa C.C., Yamhill Valley, Straub Environmental Learning Center, and Minto Island Park. The community is somewhat walkable with a WalkScore® of 68.
North Lancaster
Average Rent
$1,215/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
41/100
Units Available
13 Rentals
North Lancaster is an affordable neighborhood in Salem with an average rent price of $1,215. Compare this to the city average of $1,198. In the past year, rent prices have increased by 0.2%. North Lancaster provides easy access to Chemeketa Community College Planetarium, Cascade Gateway Park, and Chemeketa C.C., Yamhill Valley. It’s a walkable neighborhood with a WalkScore® of 74.
Morningside
Average Rent
$1,225/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
32/100
Units Available
26 Rentals
If you’re looking for a great, affordable neighborhood in Salem, Morningside might be the perfect place! It has an average rent price of $1,225, while the city’s average stands at $1,198. In the last year, prices have increased by 0.8%. Morningside is near Straub Environmental Learning Center, Eola Bend Park, and Western Oregon University.
Northeast Salem
Average Rent
$1,251/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
31/100
Units Available
21 Rentals
Northeast Salem is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northeast Salem is $1,251 while the city average is $1,198. This is a -0.2% difference from last year. Residents enjoy convenient access to Straub Environmental Learning Center, State Street Crossing, and Willamette University. The neighborhood is considered somewhat walkable with a WalkScore® of 62.
Hayesville
Average Rent
$1,287/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
38/100
Units Available
41 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out Hayesville. The average rent is $1,287, compared to the city average of $1,198. Rent prices have decreased by 0.6%. Hayesville is convenient to Chemeketa Community College Planetarium, Chemeketa C.C., Salem Campus, and Oak Park Plaza. The community is somewhat walkable with a WalkScore® of 60.
South Gateway
Average Rent
$1,335/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
31/100
Units Available
20 Rentals
South Gateway is an affordable neighborhood in Salem with an average rent price of $1,335. Compare this to the city average of $1,198. In the past year, rent prices have increased by 1.1%. South Gateway provides easy access to Bush's Pasture Park, EAWEST Development, and Minto Island Park. It’s a somewhat walkable neighborhood with a WalkScore® of 55.
Southeast Salem
Average Rent
$1,338/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
33/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Salem, Southeast Salem might be the perfect place! It has an average rent price of $1,338, while the city’s average stands at $1,198. In the last year, prices have increased by 1.2%. Southeast Salem is near Straub Environmental Learning Center, Eola Bend Park, and Bush's Pasture Park.
Four Corners
Average Rent
$1,347/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
5/100
Units Available
17 Rentals
Four Corners is a top choice for budget-conscious renters for a variety of reasons. The average rent in Four Corners is $1,347 while the city average is $1,198. This is a 0.7% difference from last year. Residents enjoy convenient access to Western Oregon University, A.C. Gilbert's Discovery Village, and Bush's Pasture Park. The neighborhood is considered somewhat walkable with a WalkScore® of 63.
East Lancaster
Average Rent
$1,420/Month
Year-Over-Year Rent Change
4.3%
TransitScore® Rating
18/100
Units Available
21 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out East Lancaster. The average rent is $1,420, compared to the city average of $1,198. Rent prices have increased by 4.3%. East Lancaster is convenient to Straub Environmental Learning Center, Chemeketa C.C., Yamhill Valley, and A.C. Gilbert's Discovery Village. The community is walkable with a WalkScore® of 70.
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.