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Average Rent in 97302, Salem, OR

Home  »  OR  »  Salem  »  97302

Current Versus Historical 97302, Salem, OR Rents

97302 rentals average $1,095 for a 1-bedroom rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $1,273, or roughly $2 per square feet.
For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $127,390 (-86.17%) year-over-year from $147,844 to $20,454. 1-bedroom rentals prices have decreased by $13 (-1.20%) year-over-year from $1,108 to $1,095. 2-bedroom rentals prices have increased by $70 (4.95%) year-over-year from $1,415 to $1,485. 3-bedroom rentals prices have decreased by $58 (-2.70%) year-over-year from $2,158 to $2,100. 4-bedroom rentals prices have decreased by $467 (-15.76%) year-over-year from $2,962 to $2,495. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 6.89% this month. 1-bedroom rents have gone down by 7.20% this month. 2-bedroom rents have gone up by 1.54% this month. 3-bedroom rents have gone down by 4.87% this month. 4-bedroom rents have gone down by 5.67% this month.
Beds
Price / Sqft
 Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $1.81 $1,095 $1,108 (-1.20%) $937 (16.90%)
2 BR $1.56 $1,485 $1,415 (4.95%) $1,158 (28.29%)
3 BR $1.47 $2,100 $2,158 (-2.70%) $1,946 (7.92%)

Historical Rents in 97302, Salem, OR

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 97302

There are a total of 1 cities nearby 97302. The average rent in 97302 is currently $1,325 per month. Our records show that Salem, OR, with an average rent of $1,325, is the most affordable city nearby. In contrast, the most expensive city near 97302, Salem, OR is Salem, OR. Monthly rents here are on average $1,325 per month.

Let's compare 97302, Salem, OR's rent against other top cities nearby by bedroom size. Typically, rent for studios in 97302, Salem, OR is inf% more affordable than other cities nearby. One bedrooms are about 0.23% more affordable. Two bedrooms in 97302, Salem, OR are about 4.30% more affordable. Finally, rent for three bedrooms are about 3.41% more expensive. Want more information? Check out the top 1 cities near 97302, Salem, OR in the following chart.
City Studio 1 Bed 2 Bed All
Salem, OR $1,050 $1,098 $1,395 $1,325

Top Neighborhoods Near 97302



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near 97302



We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All

Top Zipcodes Near 97302

There is one zipcode in or near 97302, Salem, OR. The average rent for this zipcode is $1,225.

The following chart includes the zipcode in or near 97302, Salem, OR. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
97301, Salem, OR $1,075 $1,100 $1,363 $1,225

Frequently Asked Questions - 97302 Average Rents

What is the average rent price in 97302, Salem, OR?
The average monthly rental price for 97302, Salem, OR apartments for rent is approximately $1,273. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 97302, Salem, OR rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 97302, Salem, OR.
How much is a studio apartment in 97302, Salem, OR?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in 97302.
How much is a one bedroom apartment in 97302, Salem, OR?
The average monthly rental price for one bedroom apartments is $1,095 and an average price per square feet of $1.81. There are a total of 16 one bedroom apartment listings currently available for rent in 97302.
How much is a two bedroom apartment in 97302, Salem, OR?
The average monthly rental price for two bedroom apartments is $1,338 and an average price per square feet of $1.56. There are a total of 16 two bedroom apartment listings currently available for rent in 97302.
How have rent prices in 97302, Salem, OR changed this year?
Rent prices for rentals in 97302, Salem, OR can fluctuate yearly. Specifically, studio rental prices have changed by -0.86%, one bedroom rental prices have changed by -0.01%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by -0.03% year-over-year.
What is a reasonable rent price in 97302, Salem, OR?
A reasonable rent price in 97302, Salem, OR is around $1,018/month. You can search for these reasonably priced rental listings on RentHop.
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