Rentometer, Inc. | Data as of 10/23/2025
Salem, Virginia offers a vibrant rental market that blends historic charm with modern convenience, making it a sought‑after destination for renters seeking both variety and community. The city’s well‑preserved downtown, with its tree‑lined streets and proximity to the scenic James River, provides easy access to boutique shops, dining venues, and cultural attractions such as the Salem Museum and the annual Fall Festival. Neighborhoods like West Salem and the Riverfront district feature a mix of renovated apartments and classic single‑family homes, appealing to professionals, families, and students alike.
Renters can find a range of options to suit different lifestyles. One‑bedroom apartments typically fall in the $1200s, while two‑bedroom units often sit in the $1500 range, reflecting the city’s balanced blend of affordability and quality. Larger homes command higher rates, with three‑bedroom houses averaging around $1700 and four‑plus bedroom properties reaching the $2500 bracket. These figures highlight Salem’s competitive pricing relative to nearby urban centers, offering spacious living spaces without sacrificing access to amenities like parks, schools, and public transportation.
The rental market in Salem benefits from its strong sense of community and ongoing revitalization projects that enhance both property values and resident experience. Whether you’re drawn to the historic charm of the Old Town area or the newer developments near the university campus, Salem’s diverse housing stock and welcoming atmosphere provide a solid foundation for comfortable, long‑term living.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,282 | $1,195 | $925 - $1,730 | $1,100 - $1,600 |
| Apartment | 2 Bedroom | $1,576 | $1,455 | $1,210 - $2,312 | $1,290 - $1,900 |
| Apartment | 3 Bedroom | $1,509 | $1,412 | $850 - $2,300 | $1,385 - $1,695 |
| House | 2 Bedroom | $1,434 | $1,395 | $1,050 - $1,995 | $1,250 - $1,600 |
| House | 3 Bedroom | $1,692 | $1,650 | $800 - $2,400 | $1,500 - $1,925 |
| House | 4+ Bedroom | $2,492 | $2,000 | $1,449 - $6,500 | $1,950 - $2,600 |
In the current period, the average rent in Salem was
$1,297 for 1 Bedroom,
$1,535 for 2 Bedroom,
$1,652 for 3 Bedroom, and
$2,422 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.