Rent by ZIP · Polk County
Rent in Salem, OR 97304
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,830 (+1.7% vs FY2026). Renters in this ZIP code pay a median $1,485 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,420 | $1,470 | -3.4% | $1,278–1,562 | $1,484 ±$807 |
| 1 bedroom | $1,510 | $1,580 | -4.4% | $1,359–1,661 | $863 ±$275 |
| 2 bedrooms | $1,830 | $1,800 | +1.7% | $1,647–2,013 | $1,444 ±$131 |
| 3 bedrooms | $2,530 | $2,470 | +2.4% | $2,277–2,783 | $1,928 ±$155 |
| 4 bedrooms | $2,800 | $2,900 | -3.4% | $2,520–3,080 | $2,554 ±$629 |
Small Area FMRs for the Salem, OR MSA. This ZIP code is in more than one HUD area; figures are for the main one. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Salem, OR MSA, 2 bedrooms: $1,692.
What renters pay in 97304
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 97303 | Salem | $1,680 | $1,395 |
| 97305 | Salem | $1,760 | $1,442 |
| 97302 | Salem | $1,620 | $1,385 |
| 97306 | Salem | $1,880 | $1,479 |
| 97301 | Salem | $1,610 | $1,353 |
| 97317 | Salem | $1,760 | $1,445 |
Fair Market Rents across Polk County, OR · All OR counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.