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Last updated November 13 2019 at 1:01 PM

29 3 Bedroom Apartments for rent in Salem, VA

Last updated November 19 at 09:34am
Fallon
1 Unit Available
1414 Wise Ave Se
1414 Wise Avenue Southeast, Roanoke, VA
3 Bedrooms
$599
912 sqft
3 Bed 1 Bath 912 sqft Built in 1910 Two story single family home on Wise Ave SE. All three bedrooms and bathroom on upstairs. Features refinished hardwood floor throughout on upstairs, new carpet on living room, Ceiling fans and off street parking.
Last updated November 19 at 05:06am
1 Unit Available
5937 Brethren RD
5937 Brethren Road, Roanoke County, VA
Huge brick home with 5 bedrooms and 3 baths. Basement suitable for extra family, has kitchenette, private entrance. Woods for hiking, garden space and play area. Secluded but only minutes to Carilion, Tanglewood Mall & Walmart.
Last updated November 19 at 03:22am
Vinton
1 Unit Available
213 Meadow Street
213 Meadow Street, Vinton, VA
3 Bedrooms
$1,100
1448 sqft
Two story home located conveniently in Vinton. Large backyard with small back deck and nice roomy front porch. Master bedroom and master bath are on the first level.
Last updated November 19 at 05:06am
1 Unit Available
5283 Walthall ST
5283 Walthall Street, Lafayette, VA
3 Bedrooms
$925
1000 sqft
Brick ranch in nearby Elliston with convenient access to interstate. Home offers 3 bedrooms 1 full bath, with full basement. Ready for move in at your convenience. Owner will accept small pet up to 25lbs.
Last updated November 19 at 03:22am
Vinton
1 Unit Available
343 Elm Street
343 Elm Street, Vinton, VA
3 Bedrooms
$1,350
1176 sqft
Nice three bedroom ranch located close to downtown Vinton. Walkout basement and deck off of kitchen. Non smoking property. Three bedroom three full bathroom ranch on quiet cul-de-sac. Gas heat and central air. Non smoking property

November 2019 Salem Rent Report

Welcome to the November 2019 Salem Rent Report. Salem rents declined over the past month. In this report, we'll evaluate trends in the Salem rental market, including comparisons to cities throughout the state and nation.

View full Rent Report

November 2019 Salem Rent Report

Welcome to the November 2019 Salem Rent Report. Salem rents declined over the past month. In this report, we'll evaluate trends in the Salem rental market, including comparisons to cities throughout the state and nation.

Salem rents decline sharply over the past month

Salem rents have declined 2.0% over the past month, but have increased significantly by 4.6% in comparison to the same time last year. Currently, median rents in Salem stand at $739 for a one-bedroom apartment and $942 for a two-bedroom. Salem's year-over-year rent growth leads the state average of 1.6%, as well as the national average of 1.4%.

    Rents rising across cities in Virginia

    Throughout the past year, rent increases have been occurring not just in the city of Salem, but across the entire state. Of the largest 10 cities that we have data for in Virginia, all of them have seen prices rise. The state as a whole logged rent growth of 1.6% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

    • Looking throughout the state, Arlington is the most expensive of all Virginia's major cities, with a median two-bedroom rent of $2,124; of the 10 largest Virginia cities that we have data for, all have seen rents rise year-over-year, with Alexandria experiencing the fastest growth (+2.0%).
    • Arlington, Virginia Beach, and Portsmouth have all experienced year-over-year growth above the state average (2.0%, 1.9%, and 1.6%, respectively).

    Salem rents more affordable than many large cities nationwide

    As rents have increased significantly in Salem, a few large cities nationwide have seen rents grow more modestly. Salem is still more affordable than most large cities across the country.

    • Salem's median two-bedroom rent of $942 is below the national average of $1,191. Nationwide, rents have grown by 1.4% over the past year compared to the 4.6% increase in Salem.
    • While Salem's rents rose significantly over the past year, many cities nationwide also saw increases, including Phoenix (+4.0%), Dallas (+2.3%), and Atlanta (+1.8%).
    • Renters will find more reasonable prices in Salem than most large cities. For example, San Francisco has a median 2BR rent of $3,123, which is more than three times the price in Salem.

    For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

    Methodology - Recent Updates:

    Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

    Read more about our new methodology below, or see a more detailed post here.

    Methodology:

    Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

    Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

    Read more about our methodology here.

    About Rent Reports:

    Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

    We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.

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