Rental Market Trends in Salem, Massachusetts

Curious about what your rental home in Salem could rent for? At Chelworths, we track local market trends to give you clear, up-to-date insights into average rental prices in your area. Whether you own a single home or a growing portfolio, our data helps you understand where your property stands and how to get the best return on your investment.

Average market rent: $2,820, up 2.5% in last 12 months. Rent range from $1,250 to $5,500.
Studio rentals cost $1,750/mo, up 20.7%
1-bedroom rental cost $2,410/month, up 5.7% from the previous period.
2-bedroom rentals cost $2,920 per month, a 1% decrease.
3-bedroom rentals cost $3,220/mo, a +0.6% increase.
4 BD rentals at $3,340/mo, down -9.7%.
5-bedroom rentals for $3,930/month. 0% available.

Historical Performance