Rental market trends in Salem, OR
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Average Apartment Cost in Salem, OR
Apartment Rent Ranges in Salem, OR
Apartment Prices Proportion | ||
|---|---|---|
| $501-$700 | 0% |
Neighborhood Apartment Rent Trends in Salem, OR
| Neighborhood | Studio Avg Rent | Annual Change |
|---|---|---|
| Northgate | $1,437 | -- |
| Faye Wright | $1,195 | -- |
| Southeast Salem | $1,150 | -- |
| Lansing | $1,075 | -- |
| Central Area | $950 | +15% |
| Northeast Neighbors | $895 | -- |
| South Gateway | $800 | -- |
| Neighborhood | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Central Area | $1,775 | +62% |
| Northgate | $1,627 | +59% |
| South Gateway | $1,445 | +9% |
| North Lancaster | $1,422 | +2% |
| Sunnyslope | $1,395 | +4% |
| Southeast Mill Creek | $1,337 | +13% |
| West Salem | $1,324 | 0% |
| Grant | $1,250 | -- |
| East Lancaster | $1,249 | 0% |
| Morningside | $1,200 | -- |
| Neighborhood | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Northgate | $1,897 | +66% |
| Central Area | $1,750 | +19% |
| Faye Wright | $1,745 | +45% |
| South Gateway | $1,725 | +13% |
| West Salem | $1,647 | -1% |
| Southeast Mill Creek | $1,599 | +8% |
| Sunnyslope | $1,595 | +3% |
| North Lancaster | $1,504 | +4% |
| South Central | $1,495 | -- |
| Grant | $1,495 | -- |
How Other Cities Compare to Salem, OR
| City | Studio Avg Rent | Annual Change |
|---|---|---|
| Tigard | $2,622 | +23% |
| Beaverton | $2,565 | -4% |
| Hillsboro | $2,286 | +10% |
| Lake Oswego | $1,649 | -- |
| Independence | $1,500 | -- |
| Albany | $1,467 | -- |
| Woodburn | $1,465 | -- |
| Wilsonville | $1,395 | -- |
| Corvallis | $1,275 | +8% |
| Portland | $1,250 | 0% |
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Newberg | $1,850 | +55% |
| Wilsonville | $1,815 | +17% |
| Independence | $1,652 | -- |
| Beaverton | $1,615 | -2% |
| Tigard | $1,613 | -3% |
| Portland | $1,586 | -1% |
| Woodburn | $1,537 | -- |
| Albany | $1,510 | +14% |
| Oregon City | $1,450 | +9% |
| Gresham | $1,445 | +4% |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Independence | $1,942 | -- |
| Portland | $1,872 | -7% |
| Albany | $1,872 | +27% |
| Milwaukie | $1,795 | +53% |
| Gresham | $1,785 | +10% |
| Beaverton | $1,745 | -14% |
| Oregon City | $1,722 | +10% |
| Woodburn | $1,702 | -- |
| Tigard | $1,699 | +8% |
| Tualatin | $1,699 | -- |
Salem, OR Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 |
| $1050 | $800 | $800 | $925 | $925 | $525 | $525 | $525 | $1295 | $1437 | $1437 | $1437 | $1437 |
| $1262 | $1299 | $1345 | $1313 | $1300 | $1290 | $1312 | $1312 | $1312 | $1347 | $1312 | $1347 | $1360 |
| $1487 | $1472 | $1450 | $1497 | $1500 | $1530 | $1567 | $1605 | $1672 | $1622 | $1647 | $1672 | $1684 |
| $1855 | $1827 | $1772 | $1750 | $1795 | $1895 | $1845 | $1845 | $1845 | $1845 | $1970 | $1965 | $1970 |
Neighborhood Information for Salem, OR
What are the most affordable neighborhoods in Salem, OR?
The most affordable neighborhoods in Salem are Northeast Neighbors, where the average 1-bedroom apartment rent goes for $895, Northeast Salem, where renters pay $995 on average for a 1-bedroom apartment, and Highland, where the average 1-bedroom apartment rent goes for $995. If you're looking for other great deals, check out the listings in Southeast Salem ($1,050 for a 1-bedroom apartment) or Faye Wright ($1,150 for a 1-bedroom apartment), compared to the $1,360 average for a Salem 1-bedroom apartment.
What are the most expensive neighborhoods in Salem, OR?
The most expensive neighborhoods in Salem are Central Area, where the average 1-bedroom apartment rent goes for $1,775, Northgate, where renters pay $1,627 on average for a 1-bedroom apartment, and South Gateway, where the average 1-bedroom apartment rent goes for $1,445. If you're looking for other premium neighborhoods, check out the listings in North Lancaster ($1,422 for a 1-bedroom apartment) or Sunnyslope ($1,395 for a 1-bedroom apartment), compared to the $1,360 average for a Salem 1-bedroom apartment.
What are the most popular neighborhoods in Salem, OR?
The most popular neighborhoods in Salem are Central Area, where the average 1-bedroom apartment rent goes for $1,775, Northeast Neighbors, where renters pay $895 on average for a 1-bedroom apartment, and Grant, where the average 1-bedroom apartment rent goes for $1,250. If you're looking for other popular neighborhoods, check out the listings in Northeast Salem ($995 for a 1-bedroom apartment) or Southeast Salem ($1,050 for a 1-bedroom apartment), compared to the $1,360 average for a Salem 1-bedroom apartment.
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