Average Rent in Salem, OR
The Fair Market Rent for a 2-bedroom in Salem, OR is $1,560 per month, based on HUD data. With a median household income of $76,010, a household would spend 24.6% of income on housing at Fair Market Rent. Rent has increased 16.4% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,181 |
| 1 Bedroom | $1,201 |
| 2 Bedroom | $1,560 |
| 3 Bedroom | $2,159 |
| 4 Bedroom | $2,338 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $76,010 |
| Rent Burden (2BR FMR / Income) | 24.6% |
| Income Needed for 2BR (30% rule) | $62,400/yr |