Rent in Salem, OR
Across Salem's 13 ZIP codes, a 2-bedroom typically rents for about $1,479 a month, with figures from $1,353–$1,692. The highest typical rent is in 97314 ($1,692) and the lowest in 97301 ($1,353). 7 ZIPs have ZIP-level figures from HUD or Census; the other 6 use the county Fair Market Rent. Owner-occupied homes in Marion County pay about 0.84% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,285 | $606–$1,364 | 13 |
| 1 bed | $1,294 | $863–$1,338 | 13 |
| 2 beds | $1,479 | $1,353–$1,692 | 13 |
| 3 beds | $2,129 | $1,554–$2,341 | 13 |
| 4 beds | $2,564 | $1,791–$2,639 | 13 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Salem ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Salem, OR?
- About $1,479 a month: the median of the typical rents in 13 ZIP codes, which range from $1,353–$1,692. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Salem, OR?
- About $1,294 a month: the median of the typical rents in 13 ZIP codes, which range from $863–$1,338. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Salem, OR?
- About $2,129 a month: the median of the typical rents in 13 ZIP codes, which range from $1,554–$2,341. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Salem, OR?
- About $1,285 a month: the median of the typical rents in 13 ZIP codes, which range from $606–$1,364. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Salem, OR?
- About $2,564 a month: the median of the typical rents in 13 ZIP codes, which range from $1,791–$2,639. Figures are gross rent (rent plus tenant-paid utilities).
- Which Salem ZIP code has the highest rent?
- For a 2-bedroom, 97314 has the highest typical rent at $1,692 a month, and 97301 the lowest at $1,353.
- What is the property tax rate in Salem, OR?
- Owner-occupied homes in Marion County pay a typical 0.84% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Salem rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).