Traders Row
45 Traders Way,
Salem, MA 01970
$2,440 - $3,475 | 1-2 Beds
Encompassed by yacht clubs and marinas, South Salem is the dream community for anyone who loves boating.
The neighborhood (and Salem) has had quite the past – tourists come to South Salem to experience the maritime and witch trial historic sites. The harbor is where residents and visitors can explore the docked Colonial-era vessels. Other family-friendly attractions here include the home that was featured in the movie Hocus Pocus, Hamilton Hall, and the living history museum at Forest River Park.
This museum – Salem Pioneer Village – affords locals and visitors the opportunity to experience life back in the 17th century. Many festivals are also held at the site, including the Salem Shakespeare Festival. After a tour of the colony, visitors enjoy a relaxing break at the park’s riverfront beaches.
Residents of South Salem are comforted by the proximity to Salem State University, and adore the community’s beautiful New England-style residences and trendy eateries.
As of March 2025, the average apartment rent in South Salem is $1,331 for a studio, $2,055 for one bedroom, $2,419 for two bedrooms, and $2,314 for three bedrooms. Apartment rent in South Salem has increased by 0.4% in the past year.
Studio
560 sq ft
Average Sq Ft
$1,331/month
Average Rent
1 BR
687 sq ft
Average Sq Ft
$2,055/month
Average Rent
2 BR
975 sq ft
Average Sq Ft
$2,419/month
Average Rent
3 BR
941 sq ft
Average Sq Ft
$2,314/month
Average Rent
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.