Rentometer, Inc. | Data as of 11/14/2025
Salem’s rental market blends historic charm with modern convenience, offering a diverse range of housing options for professionals, families, and students alike. Studio apartments typically rent in the $1,600s, while one‑bedroom units fall into the $1,900s, making downtown living accessible for singles and couples. Larger families can find two‑bedroom apartments in the $2,800‑$2,900s and three‑bedroom units ranging from the $3,200s up to the $3,300s, providing ample space near the city’s vibrant cultural districts.
The city’s historic neighborhoods, such as the North End and Chestnut Hill, feature beautifully restored row houses and Victorian‑style homes, with three‑bedroom houses generally renting in the $3,400s to $3,800s. These properties often sit within walking distance of Salem’s iconic attractions, including the Salem Witch Museum, the waterfront parks, and the bustling waterfront promenade. Residents enjoy easy access to the commuter rail, linking Salem to Boston, as well as a thriving local dining scene, boutique shops, and seasonal festivals that celebrate the city’s rich maritime heritage.
Whether you’re seeking a sleek apartment near the vibrant downtown Core or a spacious historic home in a quieter enclave, Salem’s rental landscape offers flexibility and character. The blend of competitive pricing, proximity to top schools and universities, and a strong sense of community makes Salem a compelling choice for renters looking to experience New England living at its finest.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,822 | $1,800 | $1,610 - $2,220 | $1,610 - $1,920 |
| Apartment | 1 Bedroom | $2,010 | $2,150 | $850 - $2,985 | $1,460 - $2,500 |
| Apartment | 2 Bedroom | $2,879 | $2,824 | $975 - $6,437 | $2,500 - $3,125 |
| Apartment | 3 Bedroom | $3,082 | $3,000 | $2,400 - $4,705 | $2,800 - $3,200 |
| Apartment | 4+ Bedroom | $3,650 | $4,000 | $2,950 - $4,000 | $2,950 - $4,000 |
| House | 3 Bedroom | $3,416 | $3,875 | $1,600 - $4,500 | $3,200 - $3,900 |
In the current period, the average rent in Salem was $1,823 for Studio, $2,010 for 1 Bedroom, $2,879 for 2 Bedroom, $3,208 for 3 Bedroom, and $3,475 for 4+ Bedroom.
Data provided by Rentometer, Inc.