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Location

401 Madrona Ave Se #05, Salem, OR 97302, USA|Morningside

Tour 401 Madrona Ave Se #05

Contact

Core

(503) 362-0030

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

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About 401 Madrona Ave Se #05

HomeApartments in SalemMorningside 401 Madrona Ave Se #05, Salem, OR 97302, USA

✨ Stunningly Updated 2-Bedroom Apartment – Move-In Ready! ✨ Step into comfort and style with this beautifully updated 2 Bedroom, 1 Bath apartment offering approximately 1,000 sq. ft. of thoughtfully designed living space. Located on the second level, this home blends modern finishes with a functional layout perfect for both relaxing and entertaining. Plus, enjoy being just minutes away from markets, shopping centers, dining, and everyday conveniences — everything you need is right around the corner!


Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 401 Madrona Ave Se, Salem, OR 97302, USA compares to other nearby properties.

Positives

More space
The 2-bedroom is 129 sqft larger than other listings nearby
Elementary school nearby
There is an elementary school 0.2 mile away

Address details

NeighborhoodMorningside
Zip code97302
TypeApartment for rent

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Rent trends in Morningside

2-bedroom apartments at 401 Madrona Ave Se #05 cost about 13% more than the average rent price for 2-bedroom apartments in Salem.

Median rents as of Feb 28 2026.
Morningside
Salem
A table of 2-bedroom apartment rental data trends in Salem
MonthMedian Rent
March 2024$1,438
April 2024$1,456
May 2024$1,443
June 2024$1,440
July 2024$1,462
August 2024$1,438
September 2024$1,460
October 2024$1,451
November 2024$1,451
December 2024$1,430
January 2025$1,411
February 2025$1,403
March 2025$1,413
April 2025$1,386
May 2025$1,396
June 2025$1,396
July 2025$1,395
August 2025$1,397
September 2025$1,399
October 2025$1,397
November 2025$1,404
December 2025$1,413
January 2026$1,410
February 2026$1,447
A table of 2-bedroom apartment rental data trends in Morningside
MonthMedian Rent
March 2024$1,315
April 2024$1,295
May 2024$1,304
June 2024$1,327
July 2024$1,292
August 2024$1,354
September 2024$1,323
October 2024$1,295
November 2024$1,295
December 2024$1,289
January 2025$1,272
February 2025$1,370
March 2025$1,384
April 2025$1,334
May 2025$1,379
June 2025$1,372
July 2025$1,346
August 2025$1,328
September 2025$1,317
October 2025$1,344
November 2025$1,335
December 2025$1,295
January 2026$1,311
February 2026$1,363

Affordability calculator

Can I afford to live at 401 Madrona Ave Se #05?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$62,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $62,000 annually to afford this 2-bedrooms monthly rent price of $1,550.
For more information on rent affordability, visit our rent calculator.

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 401 Madrona Ave Se, Salem, OR.
1 year ago$1,4502 bed1 bath
2 years ago$1,3952 bed1 bath
4 years ago$1,0952 bed1 bath
5 years ago$9952 bed1 bath

Schools near 401 Madrona Ave Se #05

Salem Heights Elementary School

3495 liberty rd s

salem, OR, 97302

K-5Public
C+

Oregon School for the Deaf

999-a locust st ne

salem, OR, 97303

K-12Public

North Santiam Options Academy

757 w locust st

stayton, OR, 97383

K-12Public
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Internet available near 401 Madrona Ave Se #05

Getting around Salem near 401 Madrona Ave Se #05

Walking

3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 401 Madrona Ave Se #05, Salem

Groceries

3/10
At least one supermarket within a 30-minute walk

Shopping

4/10
Some shops within walking distance

Cafes

3/10
Some cafés within walking distance

Restaurants

4/10
Some restaurants within a few minutes’ walk

Primary schools

1/10
Closest elementary school further than a 30-minute walk

High schools

1/10
Closest high school further than a 30-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

2/10
Some bars within walking distance

Explore the area around 401 Madrona Ave Se #05

Fred Meyer
3450 Commercial St SE
Roth's Fresh Markets
3045 Commercial St SE
Grocery Outlet
3975 Commercial St SE
Trader Joe's
4450 Commercial St SE
Natural Grocers
4250 Commercial St SE

Other units at this address

401 Madrona Ave Se Salem, OR

Occupied

5

2 Beds

1 Bath

$895

Listed by Leasing Office
Days on market: 2184
LAS MADERAS CONDOMINIUMS-MADRONA AVE NEAR COMMERCIAL - • 2 BEDROOM 1 BATH • 1000 SF APPROX • ALL BRAND NEW KITCHEN APPLIANCES • NEW LAMINATE FLOORS THROUGHOUT! • WATER/SEWER & GARBAGE INCLUDED! • NICELY UPDATED-2ND LEVEL UNIT All of our properties are clean & sharp, beautifully landscaped and maintained. Each property has been thoroughly prepared and inspected prior to each new tenant. Please feel free to contact our office for your personal viewing of the property! Multifamily properties with multiple units may have photos in our advertising that depict the same layout of a similar property. Please schedule an appointment to view the actual unit you are interested in. Northwest Pacific Property Management LLC offers superior quality rental properties in the greater Salem, Oregon area including Keizer, Albany and Lebanon. Every effort is made to keep our listings accurate, however we cannot guarantee availability or accuracy, subject to human error, prior rental or other unfortunate circumstances. Professionally Managed by: Northwest Pacific Property Management LLC 4280 Chaney Way SE Salem, OR 97302 No Pets Allowed

Occupied

4

2 Beds

1 Bath

$1,395

Listed by Leasing Office
Days on market: 935
2 BEDROOM 1 BATH CONDO, GROUND LEVEL, LOCATED IN SOUTH SALEM - Apply Now $200.00 OFF FIRST MONTHS RENT!!! • 2 BEDROOM 1 BATH • 1000 SF APPROX • GROUND LEVEL UNIT • PROFESSIONAL YARD CARE INCLUDED • NEW FLOORS THROUGHOUT! • WATER/SEWER & GARBAGE INCLUDED! • ONSITE LAUNDRY All of our properties are clean & sharp, beautifully landscaped and maintained. Each property has been thoroughly prepared and inspected prior to each new tenant. Please feel free to contact our office for your personal viewing of the property! Multifamily properties with multiple units may have photos in our advertising that depict the same layout of a similar property. Please schedule an appointment to view the actual unit you are interested in. Northwest Pacific Property Management offers superior quality rental properties in the greater Salem, Oregon area including Keizer, Albany and Lebanon. Every effort is made to keep our listings accurate, however we cannot guarantee availability or accuracy, subject to human error, prior rental or other unfortunate circumstances. Professionally Managed by: Northwest Pacific Property Management 4280 Chaney Way SE Salem, OR 97302 No Pets Allowed

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