Most Affordable Neighborhoods in Salem, OR
Some of the cheapest neighborhoods in Salem are Highland, Northeast Salem, and Northgate. These neighborhoods offer some of the lowest rent prices in Salem, making them ideal for renters on a budget. As of January 3, 2025, the average rent in Salem is $1,169, which is 0.7% 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.
Highland
Average Rent
$1,048/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
39/100
Units Available
2 Rentals
Highland is a top choice for budget-conscious renters for a variety of reasons. The average rent in Highland is $1,048 while the city average is $1,169. This is a 1.3% difference from last year. Residents enjoy convenient access to Salem Triangle, A.C. Gilbert's Discovery Village, and Chelsica Plaza. The neighborhood is considered walkable with a WalkScore® of 71.
Northeast Salem
Average Rent
$1,164/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
31/100
Units Available
16 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out Northeast Salem. The average rent is $1,164, compared to the city average of $1,169. Rent prices have increased by 1.6%. Northeast Salem is convenient to Bush's Pasture Park, Lancaster Place, and Evergreen Plaza. The community is somewhat walkable with a WalkScore® of 62.
Northgate
Average Rent
$1,165/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
36/100
Units Available
5 Rentals
Northgate is an affordable neighborhood in Salem with an average rent price of $1,165. Compare this to the city average of $1,169. In the past year, rent prices have decreased by 0.9%. Northgate provides easy access to A.C. Gilbert's Discovery Village, Allen Plaza, and Chemeketa C.C., Salem Campus. It’s a car-dependent neighborhood with a WalkScore® of 46.
Northeast Neighbors
Average Rent
$1,172/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
44/100
Units Available
19 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 $1,172, while the city’s average stands at $1,169. In the last year, prices have increased by 0.5%. Northeast Neighbors is near Chemeketa C.C., Salem Campus, A.C. Gilbert's Discovery Village, and Willamette University.
North Lancaster
Average Rent
$1,219/Month
Year-Over-Year Rent Change
4.1%
TransitScore® Rating
41/100
Units Available
16 Rentals
North Lancaster is a top choice for budget-conscious renters for a variety of reasons. The average rent in North Lancaster is $1,219 while the city average is $1,169. This is a 4.1% difference from last year. Residents enjoy convenient access to Lancaster Promenade, LaSunny Plaza, and Chemeketa Community College Planetarium. The neighborhood is considered walkable with a WalkScore® of 74.
South Salem
Average Rent
$1,295/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
27/100
Units Available
14 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out South Salem. The average rent is $1,295, compared to the city average of $1,169. Rent prices have decreased by 0.1%. South Salem is convenient to Chemeketa C.C., Salem Campus, Straub Environmental Learning Center, and Bush's Pasture Park. The community is somewhat walkable with a WalkScore® of 68.
West Salem
Average Rent
$1,312/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
37/100
Units Available
16 Rentals
West Salem is an affordable neighborhood in Salem with an average rent price of $1,312. Compare this to the city average of $1,169. In the past year, rent prices have increased by 1.5%. West Salem provides easy access to Western Oregon University, Minto Island Park, and Eola Bend Park. It’s a somewhat walkable neighborhood with a WalkScore® of 57.
Hayesville
Average Rent
$1,320/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
38/100
Units Available
43 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 $1,320, while the city’s average stands at $1,169. In the last year, prices have decreased by 1.1%. Hayesville is near Bush's Pasture Park, Chemeketa C.C., Salem Campus, and Chemeketa C.C., Yamhill Valley.
Faye Wright
Average Rent
$1,332/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
30/100
Units Available
10 Rentals
Faye Wright is a top choice for budget-conscious renters for a variety of reasons. The average rent in Faye Wright is $1,332 while the city average is $1,169. This is a -0.7% difference from last year. Residents enjoy convenient access to Minto Island Park, Willamette University, and Eola Bend Park. The neighborhood is considered walkable with a WalkScore® of 71.
Morningside
Average Rent
$1,367/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
32/100
Units Available
11 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out Morningside. The average rent is $1,367, compared to the city average of $1,169. Rent prices have increased by 1.8%. Morningside is convenient to Southgate Shopping Center, Oak Towers, and Chemeketa C.C., Yamhill Valley. The community is somewhat walkable with a WalkScore® of 61.
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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.