Last updated
Average Rent in Salem 97303 & Rent Trends
Rent prices and market trends across 1 apartment community in Salem 97303, Salem OR. Updated daily.
Market Average
$1,426/mo
Lowest Available
$1,399/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
3
available now
Salem 97303 vs Salem OR Average
Salem 97303 is cheaper the Salem OR average by $144/mo (9%). The citywide average is $1,570/mo across all neighborhoods.
Is Rent Going Up or Down in Salem 97303?
As of May 2026, the average rent in Salem 97303 is $1,426 per month across 1 apartment community and 3 available units.
The most affordable option is Cherry City Crossing starting at $1,399/mo. By unit type, a 1-bedroom averages $1,426/mo.
Prices range from $1,399 to $1,450 per month. The most common price point is the $1,400 range, where 2 units are currently listed.
Salem 97303 Rent Price History
Collecting price history
Daily snapshots are being recorded. Trend charts will appear once we have enough data points.
Rent Price Distribution
Rent by Bedroom Type in Salem 97303
Rent Prices by Apartment in Salem 97303
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Cherry City Crossing | $1,399/mo | $1,426/mo | 3 | 4.1 |
Google Search Trends for Salem 97303 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Salem 97303
What is the average rent in Salem 97303?
Is rent going up or down in Salem 97303?
What is the cheapest apartment in Salem 97303?
How much is a 1-bedroom apartment in Salem 97303?
How many apartments are available in Salem 97303?
What salary do I need to live comfortably in Salem 97303?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$57,000/year
30 percent rule -- using our average rent of $1,426/mo.
Comfortable income
$68,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,399/mo), you need to earn at least $56,000/year.
Median household income in Salem 97303 is $71,900 , about 5% above the comfortable-living threshold.
Cost of living in Salem 97303
Overall prices in Salem 97303 runs above the national average by about 2% (BEA Regional Price Parity index 102.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Salem 97303's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,426 |
| Utilities | $412 |
| Groceries | $566 |
| Transportation | $981 |
| Healthcare | $479 |
| Other goods and services | $766 |
| Estimated total | $4,629/mo |
Population
176,666
Median household income
$71,900
Census median rent
$1,323/mo
Rent as % of income
32.9%
Median age
35.7
Mean commute
22 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Salem 97303 Apartments
Browse all 1 communities with daily-updated pricing and availability.