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The Grove apartments in Salem, OR

Updated

The Grove

3955 Outward Rd SE, Salem, OR 97302

4.6 (150 reviews) Official Website

Live pricing, refreshed

5
Units Listed
$1,399
Starting at
$1,729
Average
$1,899
Highest
$1.63
Per Sq Ft
PRO
Avg Days Listed

How does this compare? View South Salem rent trends

Beds

Pricing by Bedroom

1 Bed
$1,399
from $1,399 · 1 units
~750 sqft avg
2 Bed
$1,549
from $1,549 · 1 units
~1,002 sqft avg
3 Bed
$1,899
from $1,899 · 3 units
~1,189 sqft avg

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (17)

Largest 8 movers of 17

Estimated Building Revenue

How is this calculated?

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

  • Building size: modeled from how many distinct units we have observed over time
  • Occupancy: building size minus currently listed units
  • Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: moderate (building size is modeled).

Est. Monthly Revenue

$305K

$3.7M annual run rate

Modeled estimate

Est. Occupancy

98%

of about 216 units (modeled from leasing activity)

Effective Rent on New Leases

$1,447

vs $1,729 current asking ($282 negotiation gap)

Recent Lease Activity

36 units tracked; 31 assumed leased, 5 listed now

See which units leased, when they left the market, and the rent they leased at.

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Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

  • +30 pts: 15+ units currently listed
  • +25 pts: Active move-in specials
  • +20 pts: Deep discounts (>$150/mo off)
  • +15 pts: 5+ distinct floor plans
  • +10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

5

Moderate availability

3 floor plans

Move-in Specials

0

No active promotions

Negotiation Leverage

Limited leverage

High demand property with less room to negotiate on price.

Price vs. Salem, OR

Citywide

Showing citywide comparison (not enough Salem, OR properties tagged with "South Salem" for a local match). Click any bar to view that building.

See rent trends on the Salem, OR map Explore Salem, OR on the interactive map

Available Units

5 units
1 Bed / 1 Bath Willow
$1,399/mo
750 ft² · $1.87/ft\u00B2 · #306
2 Bed / 2 Bath Cypress
$1,549/mo
1,002 ft² · $1.55/ft\u00B2 · #225
3 Bed / 2 Bath Sycamore
$1,899/mo
1,189 ft² · $1.60/ft\u00B2 · #240
Down $200 since Jul 9 (was $2,099)
3 Bed / 2 Bath Sycamore
$1,899/mo
1,189 ft² · $1.60/ft\u00B2 · #321
Down $200 since Jul 9 (was $2,099)
3 Bed / 2 Bath Sycamore
$1,899/mo
1,189 ft² · $1.60/ft\u00B2 · #340
Down $100 since Jul 6 (was $1,999)

City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Salem, OR notes

No resident notes for this property yet.

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