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.

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.