Rent in Salem, SD
A 2-bedroom in Salem, SD (ZIP 57058) typically rents for about $999 a month, with a range of $999–$1,228. Owner-occupied homes in McCook County pay about 1.06% 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 | $941 | $941 | 1 |
| 1 bed | $650 | $650–$1,044 | 1 |
| 2 beds | $999 | $999–$1,228 | 1 |
| 3 beds | $1,063 | $1,063–$1,694 | 1 |
| 4 beds | $2,053 | $2,053 | 1 |
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, SD?
- About $999 a month: the median of the typical rents in 1 ZIP code, which range from $999–$1,228. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Salem, SD?
- About $650 a month: the median of the typical rents in 1 ZIP code, which range from $650–$1,044. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Salem, SD?
- About $1,063 a month: the median of the typical rents in 1 ZIP code, which range from $1,063–$1,694. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Salem, SD?
- About $941 a month: the median of the typical rents in 1 ZIP code, which range from $941. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Salem, SD?
- About $2,053 a month: the median of the typical rents in 1 ZIP code, which range from $2,053. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Salem, SD?
- Owner-occupied homes in McCook County pay a typical 1.06% 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).