Eastpark Apartment Homes
114 Greencrest St NE,
Salem, OR 97301
Studio - 3 Beds | $1,245 - $1,960
Rental Market Trends in Salem, OR
What is the average rent in Salem, OR?
$1,167/month
Average Rent
661 Sq Ft
Average Apartment Size
+0.9%
Increase in the Last Year
As of December 2024, the average rent in Salem, OR is $1,167 per month. This is 25% lower than the national average rent of $1,560/month, making renting in Salem more affordable than most cities in the US. When you rent an apartment in Salem, you can expect to pay about $1,223 per month for a studio, $1,167 for a one-bedroom apartment, and around $1,380 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,759 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Salem, OR?
In the past year, rent has increased by 0.9%, which averages out to $11 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Salem, OR
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
6%
Below $700/month
25%
$700 - $1,000/month
50%
$1,001 - $1,500/month
17%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Salem?
Based on current rent prices, Highland, Southeast Salem and Northgate are the most affordable neighborhoods in Salem.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Salem?
Based on current rent prices, Downtown Salem, South Central and Sunnyslope are the most expensive neighborhoods in Salem.
Neighborhood
Average Rent
Average Sq Ft
Which Salem neighborhoods have the most rentals available?
The neighborhoods in Salem with the most apartments available are Downtown Salem, Hayesville and South Central .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Salem, OR?
Because the average rent in Salem is $1,167, you’ll want to make about $3,890 per month or $46,680 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Salem, OR compare to other nearby cities and neighborhoods?
Use the tool below to compare Salem, OR to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$1,225/month
One Bedroom
$809/month
$1,316/month
Two Bedroom
$1,455/month
$2,063/month
Three Bedroom
$1,107/month
$3,304/month
Nearby City Rent Trends
Apartment communities in Salem we think you'll love
Property Management Companies in Salem, OR
Norris & Stevens, Inc.
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40
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4,083
Units
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19
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13 Communities in Salem
SMI Property Management
-
18
Communities
-
1,253
Units
-
11
Cities
8 Communities in Salem
Commercial & Residential Management Group
-
37
Communities
-
5,377
Units
-
19
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7 Communities in Salem
SVN International Corp
-
45
Communities
-
3,239
Units
-
20
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6 Communities in Salem
Montagne Development, Inc.
-
10
Communities
-
1,379
Units
-
4
Cities
5 Communities in Salem
Affinity Property Management
-
61
Communities
-
7,682
Units
-
24
Cities
3 Communities in Salem
Avenue5 Residential
-
518
Communities
-
113,804
Units
-
199
Cities
2 Communities in Salem
FPI Management
-
598
Communities
-
104,040
Units
-
215
Cities
1 Community in Salem
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Methodology
† 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.
* Percentages may not total 100 due to rounding.