Average Rent in Salem, MA

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Current Versus Historical Salem, MA Rents

Salem rentals average $2,175 for a studio rental to $3,900 for a 4-bedroom rental. The median price of all currently available listings is $2,700, or roughly $32 per square feet.

For the apartment units and housing in July 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $675 (44.97%) year-over-year from $1,500 to $2,175. 1-bedroom rentals prices have increased by $42 (1.95%) year-over-year from $2,133 to $2,175. 2-bedroom rentals prices have decreased by $175 (-6.48%) year-over-year from $2,700 to $2,525. 3-bedroom rentals prices have decreased by $175 (-5.56%) year-over-year from $3,150 to $2,975. 4-bedroom rentals prices have increased by $167 (4.46%) year-over-year from $3,733 to $3,900. 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 up by 5.23% this month. 1-bedroom rents have gone up by 4.40% this month. 2-bedroom rents have gone down by 1.94% this month. 3-bedroom rents have gone up by 2.62% this month. 4-bedroom rents have gone up by 1.52% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$57.16	$2,175	$1,500 (44.97%)	$1,679 (29.50%)
1 BR	$40.12	$2,175	$2,133 (1.95%)	$1,971 (10.36%)
2 BR	$32.45	$2,525	$2,700 (-6.48%)	$2,633 (-4.11%)
3 BR	$29.45	$2,975	$3,150 (-5.56%)	$3,000 (-0.83%)
4+ BR	$27.88	$3,900	$3,733 (4.46%)	$4,200 (-7.14%)

Historical Rents in Salem, MA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Salem

There are a total of 10 cities nearby Salem. The average rent in Salem is currently $2,850 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Lynn, MA, with an average rent of $2,400, is the most affordable city nearby. In contrast, the most expensive city near Salem, MA is Belmont, MA. Monthly rents here are on average $3,400 per month.

Let's compare Salem, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Salem, MA is 16.65% more expensive than other cities nearby. One bedrooms are about 1.14% more affordable. Two bedrooms in Salem, MA are about 6.44% more affordable. Finally, rent for three bedrooms are about 14.29% more affordable. Want more information? Check out the top 10 cities near Salem, MA in the following table.

City	Studio	1 Bed	2 Bed	All
Lynn, MA	$1,700	$1,900	$2,400	$2,400
Chelsea, MA	$1,563	$2,048	$2,650	$2,400
Woburn, MA	$1,825	$2,000	$2,575	$2,550
Everett, MA	$1,825	$2,100	$2,500	$2,700
Revere, MA	$1,795	$2,445	$2,725	$2,800
Malden, MA	$1,800	$2,100	$2,600	$2,900
Wakefield, MA	$2,703	$2,625	$3,400	$3,000
Arlington, MA	$2,695	$2,500	$3,000	$3,295
Medford, MA	$1,950	$2,350	$3,000	$3,300
Belmont, MA	N/A	$2,500	$3,000	$3,400

Top Neighborhoods Near Salem

There are a total of 4 neighborhoods in or near Salem. Some of these neighborhoods include Glendale, Maplewood, and Ten Hills. We've included all of these top 4 neighborhoods in or near Salem, MA in the following table.

The average rent for these 4 neighborhoods in or near Salem, MA is currently around $3,150 per month. A total of one neighborhood has a lower average rent. Meaning, only three neighborhoods have a higher average rent than $3,150. Interestingly, the neighborhoods' average rent is higher than Salem's average rent, which is only $2,700. Out of all the neighborhoods in or near Salem, Glendale has the most affordable average rent at $2,675 per month. Whereas, at $3,500 average rent per month, South Medford is the most expensive neighborhood in or near Salem. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Glendale, Everett, MA	$1,850	$2,048	$2,500	$2,675
Maplewood, Malden, MA	$1,788	$2,100	$2,600	$2,825
Ten Hills, Somerville, MA	N/A	$2,650	$3,300	$3,475
South Medford, Medford, MA	N/A	$2,450	$3,000	$3,500

Top Counties Near Salem

There are a total of 11 counties located by Salem, MA. Some of these counties include Lynn, MA, Chelsea, MA, and Woburn, MA. The average rent for rentals in these counties is $2,800. That's roughly around $32 per sqft. A total of 5 counties have a lower average rent. The county that is the most affordable is Chelsea, MA. Its average rent per month is $2,400. Vice versa, with an average rent of $3,400, Belmont, MA is the most expensive county by Salem, MA.

Typically, rent for studios in Salem, MA is 16.07% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Salem, MA is on par with the other counties nearby. Finally, rent for two bedrooms in Salem, MA is 4.95% more affordable than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Lynn, MA	$1,700	$1,900	$2,400	$2,400
Chelsea, MA	$1,563	$2,048	$2,650	$2,400
Woburn, MA	$1,825	$2,000	$2,575	$2,550
Salem, MA	$2,175	$2,200	$2,525	$2,700
Everett, MA	$1,825	$2,100	$2,500	$2,700
Revere, MA	$1,795	$2,445	$2,725	$2,800
Malden, MA	$1,800	$2,100	$2,600	$2,900
Wakefield, MA	$2,703	$2,625	$3,400	$3,000
Arlington, MA	$2,695	$2,500	$3,000	$3,295
Medford, MA	$1,950	$2,350	$3,000	$3,300

Top Zipcodes Near Salem

There are a total of 5 zipcodes in or near Salem, MA. The average rent for all of these zipcodes is $2,700. A total of 3 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 02150, Chelsea, MA at $2,400 per month. In comparison, the zipcode with the most expensive average rent of $3,300 per month is 02155, Medford, MA.

Studios in these zipcodes have an average rent of $1,825. That's at least $48 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Salem, MA is $2,100 per month. Or in other words, $39 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,600 per month. Which comes out to $32 per sqft. The following table includes the top 5 zipcodes in Salem, MA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
02155, Medford, MA	$1,950	$2,350	$3,000	$3,300
02148, Malden, MA	$1,800	$2,100	$2,600	$2,900
02149, Everett, MA	$1,825	$2,100	$2,500	$2,700
02150, Chelsea, MA	$1,563	$2,048	$2,650	$2,400
01801, Woburn, MA	$1,825	$2,000	$2,575	$2,550

Frequently Asked Questions - Salem Average Rents

What is the average rent price in Salem, MA?

The average monthly rental price for Salem, MA apartments for rent is approximately $2,700. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Salem, MA 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 Salem, MA.

How much is a studio apartment in Salem, MA?

The average monthly rental price for studio apartments is $2,175 and an average price per square feet of $57.16. There are a total of 2 studio apartment listings currently available for rent in Salem.

How much is a one bedroom apartment in Salem, MA?

The average monthly rental price for one bedroom apartments is $2,200 and an average price per square feet of $40.12. There are a total of 23 one bedroom apartment listings currently available for rent in Salem.

How much is a two bedroom apartment in Salem, MA?

The average monthly rental price for two bedroom apartments is $2,525 and an average price per square feet of $32.45. There are a total of 34 two bedroom apartment listings currently available for rent in Salem.

How have rent prices in Salem, MA changed this year?

Rent prices for rentals in Salem, MA can fluctuate yearly. Specifically, studio rental prices have changed by 0.45%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by -0.06%, three bedroom rental prices have changed by -0.06% year-over-year.

What is a reasonable rent price in Salem, MA?

A reasonable rent price in Salem, MA is around $2,160/month. You can search for these reasonably priced rental listings on RentHop.