Most Affordable Neighborhoods in Salem, OR
Some of the cheapest neighborhoods in Salem are Highland, Northeast Neighbors, and Northeast Salem. These neighborhoods offer some of the lowest rent prices in Salem, making them ideal for renters on a budget. As of March 11, 2025, the average rent in Salem is $1,188, which is 1.5% 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
$1,098/Month
Year-Over-Year Rent Change
4.2%
TransitScore® Rating
39/100
Units Available
4 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out Highland. The average rent is $1,098, compared to the city average of $1,188. Rent prices have increased by 4.2%. Highland is convenient to Chemeketa C.C., Salem Campus, Keizer Rapids Park, and Western Oregon University. The community is walkable with a WalkScore® of 71.
Northeast Neighbors
Average Rent
$1,116/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
44/100
Units Available
22 Rentals
Northeast Neighbors is an affordable neighborhood in Salem with an average rent price of $1,116. Compare this to the city average of $1,188. In the past year, rent prices have increased by 1.1%. Northeast Neighbors provides easy access to Willamette University, Chemeketa C.C., Yamhill Valley, and Chemeketa Community College Planetarium. It’s a somewhat walkable neighborhood with a WalkScore® of 69.
Northeast Salem
Average Rent
$1,133/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
31/100
Units Available
18 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 $1,133, while the city’s average stands at $1,188. In the last year, prices have increased by 1.8%. Northeast Salem is near Willamette University, Evergreen Plaza, and A.C. Gilbert's Discovery Village.
Morningside
Average Rent
$1,150/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
32/100
Units Available
19 Rentals
Morningside is a top choice for budget-conscious renters for a variety of reasons. The average rent in Morningside is $1,150 while the city average is $1,188. This is a 0.3% difference from last year. Residents enjoy convenient access to Willamette University, Straub Environmental Learning Center, and Cascade Gateway Park. The neighborhood is considered somewhat walkable with a WalkScore® of 61.
Grant
Average Rent
$1,150/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
46/100
Units Available
2 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out Grant. The average rent is $1,150, compared to the city average of $1,188. Rent prices have increased by 1.2%. Grant is convenient to Chemeketa C.C., Salem Campus, Straub Environmental Learning Center, and Eola Bend Park. The community is walkable with a WalkScore® of 79.
Northgate
Average Rent
$1,206/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
36/100
Units Available
10 Rentals
Northgate is an affordable neighborhood in Salem with an average rent price of $1,206. Compare this to the city average of $1,188. In the past year, rent prices have increased by 1.6%. Northgate provides easy access to Chemewa Station, Keizer Village, and Keizer Rapids Park. It’s a car-dependent neighborhood with a WalkScore® of 46.
North Lancaster
Average Rent
$1,257/Month
Year-Over-Year Rent Change
6.4%
TransitScore® Rating
41/100
Units Available
18 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 $1,257, while the city’s average stands at $1,188. In the last year, prices have increased by 6.4%. North Lancaster is near SunnyLan Center, Western Oregon University, and Chemeketa C.C., Yamhill Valley.
Oregon West Area
Average Rent
$1,262/Month
Units Available
76 Rentals
Oregon West Area is a top choice for budget-conscious renters for a variety of reasons. The average rent in Oregon West Area is $1,262 while the city average is $1,188.
Faye Wright
Average Rent
$1,279/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
30/100
Units Available
6 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out Faye Wright. The average rent is $1,279, compared to the city average of $1,188. Rent prices have decreased by 0.4%. Faye Wright is convenient to Western Oregon University, Cascade Gateway Park, and Commercial St. The community is walkable with a WalkScore® of 71.
South Salem
Average Rent
$1,311/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
27/100
Units Available
11 Rentals
South Salem is an affordable neighborhood in Salem with an average rent price of $1,311. Compare this to the city average of $1,188. In the past year, rent prices have decreased by 1%. South Salem provides easy access to Commercial Fairview, A.C. Gilbert's Discovery Village, and Candalaria Crossing. It’s a somewhat walkable neighborhood with a WalkScore® of 68.
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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.