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 5, 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

Highland is a top choice for budget-conscious renters for a variety of reasons. The average rent in Highland is $1,098 while the city average is $1,188. This is a 4.2% difference from last year. Residents enjoy convenient access to Straub Environmental Learning Center, Chemeketa C.C., Salem Campus, and Salem Triangle. The neighborhood is considered 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

When you’re looking for a great Salem neighborhood on a budget, check out Northeast Neighbors. The average rent is $1,116, compared to the city average of $1,188. Rent prices have increased by 1.1%. Northeast Neighbors is convenient to Western Oregon University, Chemeketa Community College Planetarium, and Cascade Gateway Park. The community is somewhat walkable 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

Northeast Salem is an affordable neighborhood in Salem with an average rent price of $1,133. Compare this to the city average of $1,188. In the past year, rent prices have increased by 1.8%. Northeast Salem provides easy access to Chemeketa C.C., Salem Campus, Chemeketa Community College Planetarium, and Western Oregon University. It’s a somewhat walkable neighborhood with a WalkScore® of 62.

Morningside

Average Rent

$1,150/Month

Year-Over-Year Rent Change

1.1%

TransitScore® Rating

32/100

Units Available

19 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 $1,150, while the city’s average stands at $1,188. In the last year, prices have increased by 1.1%. Morningside is near Eola Bend Park, Minto Island Park, and Pringle Creek Community.

Grant

Average Rent

$1,165/Month

Year-Over-Year Rent Change

1.2%

TransitScore® Rating

46/100

Units Available

3 Rentals

Grant is a top choice for budget-conscious renters for a variety of reasons. The average rent in Grant is $1,165 while the city average is $1,188. This is a 1.2% difference from last year. Residents enjoy convenient access to Willamette University, A.C. Gilbert's Discovery Village, and Eola Bend Park. The neighborhood is considered walkable with a WalkScore® of 79.

Northgate

Average Rent

$1,206/Month

Year-Over-Year Rent Change

1.8%

TransitScore® Rating

36/100

Units Available

10 Rentals

When you’re looking for a great Salem neighborhood on a budget, check out Northgate. The average rent is $1,206, compared to the city average of $1,188. Rent prices have increased by 1.8%. Northgate is convenient to Chemeketa Community College Planetarium, A.C. Gilbert's Discovery Village, and Willamette University. The community is car-dependent 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

North Lancaster is an affordable neighborhood in Salem with an average rent price of $1,257. Compare this to the city average of $1,188. In the past year, rent prices have increased by 6.4%. North Lancaster provides easy access to Bush's Pasture Park, Chemeketa Community College Planetarium, and Chemeketa C.C., Yamhill Valley. It’s a walkable neighborhood with a WalkScore® of 74.

Oregon West Area

Average Rent

$1,262/Month

Units Available

76 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 $1,262, while the city’s average stands at $1,188.

Faye Wright

Average Rent

$1,279/Month

Year-Over-Year Rent Change

0.4%

TransitScore® Rating

30/100

Units Available

6 Rentals

Faye Wright is a top choice for budget-conscious renters for a variety of reasons. The average rent in Faye Wright is $1,279 while the city average is $1,188. This is a -0.4% difference from last year. Residents enjoy convenient access to Commercial St, Eola Bend Park, and Minto Island Park. The neighborhood is considered 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

When you’re looking for a great Salem neighborhood on a budget, check out South Salem. The average rent is $1,311, compared to the city average of $1,188. Rent prices have decreased by 1%. South Salem is convenient to Minto Island Park, Straub Environmental Learning Center, and Candalaria Terrace. The community is somewhat walkable 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.