Average Rent in Salem, NJ

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Current Versus Historical Salem, NJ Rents

Salem rentals average $1,050 for a 1-bedroom rental to $1,800 for a 4-bedroom rental. The median price of all currently available listings is $1,400, or roughly $15 per square feet.

For the apartment units and housing in October 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $756 (-43.68%) year-over-year from $1,731 to $975. 1-bedroom rentals prices have increased by $17 (1.61%) year-over-year from $1,033 to $1,050. 2-bedroom rentals prices have increased by $92 (7.01%) year-over-year from $1,308 to $1,400. 3-bedroom rentals prices have increased by $77 (4.72%) year-over-year from $1,623 to $1,700. 4-bedroom rentals prices have decreased by $167 (-8.47%) year-over-year from $1,967 to $1,800. 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 0.00% this month. 1-bedroom rents have gone down by 8.70% this month. 2-bedroom rents have gone down by 5.02% this month. 3-bedroom rents have gone up by 2.26% this month. 4-bedroom rents have gone down by 4.42% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$5.16	$1,050	$1,033 (1.61%)	$1,076 (-2.45%)
2 BR	$11.80	$1,400	$1,308 (7.01%)	$1,283 (9.09%)
3 BR	$19.26	$1,700	$1,623 (4.72%)	$1,433 (18.60%)
4+ BR	$14.76	$1,800	$1,967 (-8.47%)	$1,800 (0.00%)

Historical Rents in Salem, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Salem

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near Salem

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Salem

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Salem

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Salem Average Rents

What is the average rent price in Salem, NJ?

The average monthly rental price for Salem, NJ apartments for rent is approximately $1,400. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Salem, NJ 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, NJ.

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

The average monthly rental price for one bedroom apartments is $1,050 and an average price per square feet of $5.16. There are a total of 4 one bedroom apartment listings currently available for rent in Salem.

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

The average monthly rental price for two bedroom apartments is $1,400 and an average price per square feet of $11.80. There are a total of 6 two bedroom apartment listings currently available for rent in Salem.

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

Rent prices for rentals in Salem, NJ can fluctuate yearly. Specifically, studio rental prices have changed by -0.44%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by 0.07%, three bedroom rental prices have changed by 0.05% year-over-year.

What is a reasonable rent price in Salem, NJ?

A reasonable rent price in Salem, NJ is around $1,120/month. You can search for these reasonably priced rental listings on RentHop.