Rentometer, Inc. | Data as of 10/24/2025
Salem’s metro rental market offers a diverse mix of housing options that cater to students, families, and professionals alike. Apartment living is especially popular in vibrant neighborhoods such as Downtown Salem, the historic Riverfront, and the growing South Salem district, where residents enjoy easy access to cultural venues, parks, and the Willamette River. For those preferring a single‑family home, the East Salem and West Salem areas provide spacious layouts with easy commutes to downtown workplaces and the State Capitol.
Rental pricing in Salem reflects the variety of unit types available. Studio apartments and houses generally sit in the $1200s, while one‑bedroom units hover around the same modest range, offering an affordable entry point for renters. Two‑bedroom apartments and houses typically fall in the $1500 range, making them attractive for small families or roommates. Larger three‑ and four‑plus bedroom homes and apartments command higher rates, often exceeding the $2000 range, and are well‑suited for growing households seeking ample space and amenities.
Beyond price, Salem’s rental market benefits from its strong community feel and convenient amenities. Proximity to Oregon State University, Salem’s vibrant farmer’s market, and a growing arts scene adds lifestyle value for renters. With a balanced supply of apartments and houses across key neighborhoods, the metro area continues to provide flexible living solutions that align with a wide range of budgets and lifestyle preferences.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,297 | $1,387 | $850 - $1,569 | $1,195 - $1,499 |
| Apartment | 1 Bedroom | $1,264 | $1,200 | $900 - $2,100 | $1,100 - $1,350 |
| Apartment | 2 Bedroom | $1,467 | $1,425 | $870 - $2,100 | $1,295 - $1,695 |
| Apartment | 3 Bedroom | $1,885 | $1,895 | $1,064 - $2,645 | $1,625 - $2,050 |
| Apartment | 4+ Bedroom | $2,461 | $2,495 | $1,995 - $2,895 | $1,995 - $2,895 |
| House | 1 Bedroom | $1,128 | $1,185 | $600 - $1,495 | $1,045 - $1,425 |
| House | 2 Bedroom | $1,685 | $1,699 | $700 - $2,500 | $1,495 - $1,925 |
| House | 3 Bedroom | $2,421 | $2,400 | $801 - $3,600 | $2,250 - $2,545 |
| House | 4+ Bedroom | $2,949 | $2,800 | $1,895 - $7,500 | $2,595 - $3,095 |
In the current period, the average rent in Salem, OR was $1,227 for Studio, $1,252 for 1 Bedroom, $1,513 for 2 Bedroom, $2,270 for 3 Bedroom, and $2,732 for 4+ Bedroom.
Data provided by Rentometer, Inc.