Rent to own Homes in Salem, OR

Salem, the capital city of Oregon, is located just 40 miles south of Portland. It is the third-largest city in the state, with a population of about 156,000. The city is a beautifully scenic mountain town located along the Willamette River. Residents will strike as being full of character, and there is virtually no end to the activities you can enjoy. This is the place for nature enthusiasts to find their home, and there's plenty of nightlife for the socially inclined.

Salem, OR is a great place for affordable rent-to-own homes! With a median household income of over $58,726 and a median rent of $1,034, the Salem, OR rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Salem, OR. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Salem, OR rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
717 SW OAKDALE AVE
Rent To Own
 
Single Family Home
Dallas, OR 97338
3
2
1428 ft2
1967
28705 SW Roger Blvd
Rent To Own
 
Single Family Home
Wilsonville, OR 97070
2
3
1395 ft2
1991
Hot
4 TOUCHSTONE #69
Rent To Own
Mt. Park
Townhouse/Condo
Lake Oswego, OR 97035
3
2
1351 ft2
1970
8537 SW Laurel Leaf Ln, # 4823383
Rent To Own
Raleigh Hills
Single Family Home
Portland, OR 97225
2
2
1190 ft2
5308 SE Foster Rd
Rent To Own
Creston - Kenilworth
Single Family Home
Portland, OR 97206
5
3
3760 ft2
1906
9230 SE Division St
Rent To Own
Powellhurst - Gilbert
Townhouse/Condo
Portland, OR 97266
2
2
750 ft2
2007
13146 SE BLACKBERRY CIR
Rent To Own
Pleasant Valley
Single Family Home
Portland, OR 97236
10
8
3959 ft2
1992
1715 WICKSHIRE CT SE
Rent to Own Eligible
Morningside
Single Family Home
Salem, OR 97302
3
2
2331 ft2
1996
1 of 78 528 CREEKSIDE DR SE
Rent to Own Eligible
South Gateway
Single Family Home
Salem, OR 97306
3
3
2406 ft2
1997
1026 SUMMER ST NE
Rent to Own Eligible
Grant
Single Family Home
Salem, OR 97301
2
1
2696 ft2
1922
New
560 EWALD AVE SE
Rent to Own Eligible
Morningside
Single Family Home
Salem, OR 97302
2
1
1401 ft2
1940
4670 CROISAN CREEK RD S
Rent to Own Eligible
Croisan-Illahe
Single Family Home
Salem, OR 97302
3
2
1782 ft2
1956
5508 VAL VIEW DR SE
Rent to Own Eligible
 
Single Family Home
Turner, OR 97392
1
1
3836 ft2
1966
1820 REES HILL RD SE #2
Rent to Own Eligible
South Gateway
Townhouse/Condo
Salem, OR 97306
3
2
1515 ft2
1989
1 of 146 3984 PLEASANT VIEW DR NE
Rent to Own Eligible
Keizer
Single Family Home
Keizer, OR 97303
4
2
2554 ft2
1963
New
1585 TITAN DR NW
Rent to Own Eligible
West Salem
Single Family Home
Salem, OR 97304
4
3
2372 ft2
2005
New
2205 AUDUBON AVE SE
Rent to Own Eligible
Morningside
Single Family Home
Salem, OR 97302
3
2
1680 ft2
2021
New
904 NORMAN AVE NE
Rent to Own Eligible
Northeast Salem
Single Family Home
Salem, OR 97301
1
1
700 ft2
1948
2775 VAN KLEECK PL NW
Rent to Own Eligible
West Salem
Single Family Home
Salem, OR 97304
3
2
1093 ft2
1999
5270 14TH PL S
Rent to Own Eligible
Sunnyslope
Single Family Home
Salem, OR 97306
5
3
2769 ft2
1977
New
1730 GLEN CREEK RD NW
Rent to Own Eligible
West Salem
Single Family Home
Salem, OR 97304
3
2
2608 ft2
1956
New
1 of 61 6439 ROBIN HOOD ST SE
Rent to Own Eligible
South Gateway
Single Family Home
Salem, OR 97306
3
2
1483 ft2
2010
New
1960 5TH ST NE
Rent to Own Eligible
Highland
Single Family Home
Salem, OR 97301
2
2
1028 ft2
1920
1 of 271 928 SAHALEE CT SE
Rent to Own Eligible
South Gateway
Single Family Home
Salem, OR 97306
1
2
2778 ft2
2002
1 of 76 1968 FIELDCREST CT S
Rent to Own Eligible
Sunnyslope
Single Family Home
Salem, OR 97306
3
2
1408 ft2
1978
1585 PARK AVE NE
Rent to Own Eligible
Northeast Salem
Single Family Home
Salem, OR 97301
1
1
1232 ft2
1943
1 of 117 3228 INDIAN WELLS LOOP S
Rent to Own Eligible
Croisan-Illahe
Single Family Home
Salem, OR 97302
1
1
1828 ft2
1997
198 24TH ST NE
Rent to Own Eligible
Southeast Salem
Single Family Home
Salem, OR 97301
3
1
1642 ft2
1935
2354 BLUEBELL AVE SE
Rent to Own Eligible
South Gateway
Single Family Home
Salem, OR 97306
4
2
2680 ft2
2002
New
330 BRADLEY DR SE
Rent to Own Eligible
Morningside
Single Family Home
Salem, OR 97302
2
1
897 ft2
1950
New
401 Madrona Ave SE
Rent to Own Eligible
Morningside
Townhouse/Condo
Salem, OR 97302
2
1
925 ft2
1971
1936 KARI DAWN AVE SE
Rent to Own Eligible
South Gateway
Single Family Home
Salem, OR 97306
2
2
1555 ft2
2009
New
2190 BREYMAN ST NE
Rent to Own Eligible
Northeast Neighbors
Single Family Home
Salem, OR 97301
2
1
968 ft2
1906
1 of 142 3975 CRESTVIEW DR S
Rent to Own Eligible
South Salem
Single Family Home
Salem, OR 97302
4
2
1636 ft2
1955
1 of 138 2875 SPRING HOLLOW LN S
Rent to Own Eligible
 
Single Family Home
Salem, OR 97302
4
2
3790 ft2
1997
1 of 204 2283 32ND AVE NE
Rent to Own Eligible
Lansing
Single Family Home
Salem, OR 97301
2
1
992 ft2
1948
New
184 18TH ST SE
Rent to Own Eligible
Southeast Salem
Single Family Home
Salem, OR 97301
1
1
1292 ft2
1910
3915 LINDBURG RD SE
Rent to Own Eligible
Morningside
Single Family Home
Salem, OR 97302
1
1
2333 ft2
2022
1 of 24 1915 FIR ST S
Rent to Own Eligible
South Central
Single Family Home
Salem, OR 97302
3
3
3159 ft2
1956
New
2860 GRAYHAWK CT NW
Rent to Own Eligible
West Salem
Single Family Home
Salem, OR 97304
3
2
1630 ft2
2000
995 PARK AVE NE
Rent to Own Eligible
Northeast Salem
Single Family Home
Salem, OR 97301
3
2
1808 ft2
2022
156 FRONT ST NE #500
Rent to Own Eligible
Central Area
Townhouse/Condo
Salem, OR 97301
2
2
1593 ft2
2011
1718 SCHOOLHOUSE CT NW
Rent to Own Eligible
West Salem
Single Family Home
Salem, OR 97304
4
3
2241 ft2
2011
1 of 147 2898 ISLANDER AVE NW
Rent to Own Eligible
West Salem
Single Family Home
Salem, OR 97304
5
3
3122 ft2
2006
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Buying a Home in Salem, OR

Salem, OR is seeing rapid growth and Salem, OR's' housing market remains not optimal with an average home price that is 22% above the 2024 national average. Salem, OR is part of Marion county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Marion is 1% which is above the national average, which is 0.99%.

Median Home Price in Salem, OR

Median Rent in Salem, OR

Rent to own homes offer low monthly payments and flexible terms.

Top Reasons to Live in Salem OR

Housing Statistics The housing market in Salem is strong. Sale prices are below the national average, and availability is low but not impossible. The median sale price of a single-family home is $171,075, and the average sale price is significantly higher at $266,317. The apartment vacancy rare in Salem is 6 percent, which means you may have to be patient to find the rental property you are looking for. In this area, rent to own may be a valid option. Properties are split roughly 60/40 between owned and rented. If you haven't found the home you're looking for yet, try again shortly. With a turnover rate of 16 percent, there will be something available soon.

Local Restaurants The Pacific Northwest is an eclectic mix of internationally influenced cuisines. Every taste from around the world is available, prepared from generations-old recipes, delivered in fine dining atmospheres. Al-Aqsa Fine Middle Eastern Cuisine in South Gateway offers the city's highest-rated Indian dishes. The baklava is astounding. For Mexican food, Plaza Morelia is located nearby in Keizer. For good old-fashioned American food, White's, located on the banks of the river, is the best choice in town. You won't find diet food here, but it's well worth the visit. A steak and a beer is a staple of our modern diet, and the home of this combo in Salem is Ram Restaurant and Brewery. If you haven't heard, Word of Mouth Neighborhood Bistro in the central district is one of the best places in the city for a romantic interlude.

Transportation Salem offers a variety of ways for people to get around town. While most residents own a vehicle and drive to the majority of their destinations, it is possible to live in the city and use public transportation. Anywhere within the center of the city, bus and train routes will carry you where you need to go. Where the MBTA can't go, a taxi can. Even if public transit is available for most of your activities, you might want to have a vehicle to enjoy all that the surrounding mountains have to offer.

Neighborhoods Salem is one of those rare gems of a city that does not have any bad neighborhoods. Almost everywhere in the city is either a commercial district or has perfectly quiet neighborhood streets. This is the kind of place where children can play outside unattended. You don't have to leave a meeting to ensure you locked your car door. Salem is safe, pleasant, and definitely on its way up. The secret, however, is out. More and more people are discovering how pleasant it is to have a quiet home at the base of the hills.