Average Rent in Salem, MA

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Current Versus Historical Salem, MA Rents

Salem rentals average $1,850 for a studio rental to $3,800 for a 4-bedroom rental. The median price of all currently available listings is $2,600, or roughly $32 per square feet.

For the apartment units and housing in September 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $500 (55.56%) year-over-year from $900 to $1,400. 1-bedroom rentals prices have decreased by $100 (-4.55%) year-over-year from $2,200 to $2,100. 2-bedroom rentals prices have decreased by $192 (-7.26%) year-over-year from $2,642 to $2,450. 3-bedroom rentals prices have decreased by $383 (-12.04%) year-over-year from $3,183 to $2,800. 4-bedroom rentals prices have increased by $392 (11.24%) year-over-year from $3,483 to $3,875. 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 29.10% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone up by 2.26% this month. 3-bedroom rents have gone down by 4.52% this month. 4-bedroom rents have gone up by 10.98% this month.

Beds	Price / Sqft	Sep 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$49.82	$1,400	$900 (55.56%)	$1,500 (-6.67%)
1 BR	$41.42	$2,100	$2,200 (-4.55%)	$1,957 (7.33%)
2 BR	$32.30	$2,450	$2,642 (-7.26%)	$2,517 (-2.65%)
3 BR	$28.80	$2,800	$3,183 (-12.04%)	$2,967 (-5.62%)
4+ BR	$24.00	$3,875	$3,483 (11.24%)	$3,700 (4.73%)

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 $2,800 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Chelsea, MA, with an average rent of $2,300, is the most affordable city nearby. In contrast, the most expensive city near Salem, MA is Belmont, MA. Monthly rents here are on average $3,200 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 2.70% more expensive than other cities nearby. One bedrooms are about 7.74% more affordable. Two bedrooms in Salem, MA are about 13.50% more affordable. Finally, rent for three bedrooms are about 11.61% 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	$1,650	$1,900	$2,300	$2,300
Chelsea, MA	$1,550	$2,100	$2,800	$2,300
Beverly, MA	$1,600	$2,300	$2,600	$2,575
Malden, MA	$1,900	$2,100	$2,600	$2,700
Everett, MA	$1,850	$2,000	$2,500	$2,700
Revere, MA	$1,750	$2,350	$2,875	$2,900
Wakefield, MA	$2,703	$2,475	$3,368	$2,963
Arlington, MA	$1,950	$2,275	$2,900	$3,175
Medford, MA	$1,925	$2,400	$2,900	$3,200
Belmont, MA	N/A	$2,250	$2,900	$3,200

Top Neighborhoods Near Salem

There are a total of 4 neighborhoods in or near Salem. Some of these neighborhoods include Broadway, Glendale, and Maplewood. 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 $2,625 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $2,625. Interestingly, the neighborhoods' average rent is higher than Salem's average rent, which is only $2,600. Out of all the neighborhoods in or near Salem, Broadway has the most affordable average rent at $1,750 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
Broadway, Chelsea, MA	$1,550	$2,325	$2,900	$1,750
Glendale, Everett, MA	$1,850	$2,000	$2,400	$2,600
Maplewood, Malden, MA	$1,700	$2,100	$2,550	$2,650
South Medford, Medford, MA	N/A	$2,500	$2,938	$3,500

Top Counties Near Salem

There are a total of 11 counties located by Salem, MA. Some of these counties include Chelsea, MA, Lynn, MA, and Beverly, MA. The average rent for rentals in these counties is $2,700. That's roughly around $32 per sqft. A total of 4 counties have a lower average rent. The county that is the most affordable is Lynn, MA. Its average rent per month is $2,300. Vice versa, with an average rent of $3,200, Belmont, MA is the most expensive county by Salem, MA.

Typically, rent for studios in Salem, MA is on par with the other counties nearby. In comparison, rent for one bedroom listings in Salem, MA is 7.14% more affordable than other counties nearby. Finally, rent for two bedrooms in Salem, MA is 12.00% more affordable than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Chelsea, MA	$1,550	$2,100	$2,800	$2,300
Lynn, MA	$1,650	$1,900	$2,300	$2,300
Beverly, MA	$1,600	$2,300	$2,600	$2,575
Salem, MA	$1,850	$2,100	$2,500	$2,600
Malden, MA	$1,900	$2,100	$2,600	$2,700
Everett, MA	$1,850	$2,000	$2,500	$2,700
Revere, MA	$1,750	$2,350	$2,875	$2,900
Wakefield, MA	$2,703	$2,475	$3,368	$2,963
Arlington, MA	$1,950	$2,275	$2,900	$3,175
Medford, MA	$1,925	$2,400	$2,900	$3,200

Top Zipcodes Near Salem

There are a total of 4 zipcodes in or near Salem, MA. The average rent for all of these zipcodes is $2,700. One zipcode has an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 02150, Chelsea, MA at $2,300 per month. In comparison, the zipcode with the most expensive average rent of $3,200 per month is 02155, Medford, MA.

Studios in these zipcodes have an average rent of $1,875. That's at least $39 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, $35 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,700 per month. Which comes out to $32 per sqft. The following table includes the top 4 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	$1,925	$2,400	$2,900	$3,200
02148, Malden, MA	$1,900	$2,100	$2,600	$2,700
02149, Everett, MA	$1,850	$2,000	$2,500	$2,700
02150, Chelsea, MA	$1,550	$2,100	$2,800	$2,300

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 $2,600. 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 $1,850 and an average price per square feet of $49.82. There are a total of 4 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 $2,100 and an average price per square feet of $41.42. There are a total of 24 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 $2,500 and an average price per square feet of $32.30. There are a total of 37 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 0.56%, one bedroom rental prices have changed by -0.05%, two bedroom rental prices have changed by -0.07%, three bedroom rental prices have changed by -0.12% year-over-year.

What is a reasonable rent price in Salem, MA?

A reasonable rent price in Salem, MA is around $2,080/month. You can search for these reasonably priced rental listings on RentHop.