Most Affordable Neighborhoods in Salem, OR
Some of the cheapest neighborhoods in Salem are Highland, Grant, and Oregon West Area. These neighborhoods offer some of the lowest rent prices in Salem, making them ideal for renters on a budget. As of April 12, 2025, the average rent in Salem is $1,191, which is 1.1% 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
$1,062/Month
Year-Over-Year Rent Change
3.1%
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 $1,062, compared to the city average of $1,191. Rent prices have increased by 3.1%. Highland is convenient to Keizer Rapids Park, Willamette University, and Chemeketa C.C., Yamhill Valley. The community is walkable with a WalkScore® of 71.
Grant
Average Rent
$1,100/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
46/100
Units Available
2 Rentals
Grant is an affordable neighborhood in Salem with an average rent price of $1,100. Compare this to the city average of $1,191. In the past year, rent prices have increased by 0.8%. Grant provides easy access to Eola Bend Park, Straub Environmental Learning Center, and Chemeketa C.C., Salem Campus. It’s a walkable neighborhood with a WalkScore® of 79.
Oregon West Area
Average Rent
$1,138/Month
Units Available
88 Rentals
If you’re looking for a great, affordable neighborhood in Salem, Oregon West Area might be the perfect place! It has an average rent price of $1,138, while the city’s average stands at $1,191.
Northeast Neighbors
Average Rent
$1,151/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
44/100
Units Available
21 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 $1,191. This is a 0.8% difference from last year. Residents enjoy convenient access to Chemeketa C.C., Salem Campus, Western Oregon University, and Salem Center. The neighborhood is considered somewhat walkable with a WalkScore® of 69.
Northeast Salem
Average Rent
$1,187/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
31/100
Units Available
18 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out Northeast Salem. The average rent is $1,187, compared to the city average of $1,191. Rent prices have increased by 1.5%. Northeast Salem is convenient to State Street Crossing, Willamette University, and Bush's Pasture Park. The community is somewhat walkable with a WalkScore® of 62.
Morningside
Average Rent
$1,196/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
32/100
Units Available
17 Rentals
Morningside is an affordable neighborhood in Salem with an average rent price of $1,196. Compare this to the city average of $1,191. In the past year, rent prices have decreased by 1.2%. Morningside provides easy access to Western Oregon University, Willamette University, and Chemeketa C.C., Yamhill Valley. It’s a somewhat walkable neighborhood with a WalkScore® of 61.
Northgate
Average Rent
$1,204/Month
Year-Over-Year Rent Change
5.8%
TransitScore® Rating
36/100
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 $1,204, while the city’s average stands at $1,191. In the last year, prices have increased by 5.8%. Northgate is near Chemeketa Community College Planetarium, Straub Environmental Learning Center, and Western Oregon University.
North Lancaster
Average Rent
$1,244/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
41/100
Units Available
19 Rentals
North Lancaster is a top choice for budget-conscious renters for a variety of reasons. The average rent in North Lancaster is $1,244 while the city average is $1,191. This is a -0.7% difference from last year. Residents enjoy convenient access to LaSunny Plaza, Lancaster Promenade, and Western Oregon University. The neighborhood is considered walkable with a WalkScore® of 74.
Faye Wright
Average Rent
$1,268/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
30/100
Units Available
7 Rentals
When you’re looking for a great Salem neighborhood on a budget, check out Faye Wright. The average rent is $1,268, compared to the city average of $1,191. Rent prices have decreased by 0.5%. Faye Wright is convenient to Linn-Benton Community College, Chemeketa C.C., Salem Campus, and Sunnyslope Centre. The community is walkable with a WalkScore® of 71.
West Salem
Average Rent
$1,277/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
37/100
Units Available
20 Rentals
West Salem is an affordable neighborhood in Salem with an average rent price of $1,277. Compare this to the city average of $1,191. In the past year, rent prices have increased by 2.6%. West Salem provides easy access to Western Oregon University, Chemeketa C.C., Salem Campus, and Willamette University. It’s a somewhat walkable neighborhood with a WalkScore® of 57.
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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.