1 Day Ago
Location
Salem #5324, OR 97306, USA|South Gateway
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Property Overview
Greystone Terrace Apartments showcases a favorable Zumper Expert Rating, indicating strong overall performance in the rental market. Key advantages include convenient amenities and a desirable location, enhancing tenant experience. Additionally, notable features such as modern designs and well-maintained common areas contribute to its appeal, making it an attractive option for potential renters.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Images Available
- Laundry available on site
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 720 sqft | $1,295 /mo | 1 unit available | Professionally Managed by: Valley First Property Management LLC valleyfirstpm. com Contact our main office to view the property 503-694-9280. • 1 bed 1 bath unit • 720 sq ft approximately • First floor unit • Private patio • Kitchen appliances stove/refrigerator/dishwasher • Washer/dryer hook-ups • Onsite Coin-op Laundry Room • 1-car off street parking • Water/sewer/garbage included • Landscaping included • No smoking policy Dates and unit availability are subject to change. Pictures may not be of exact unit. Apply Now |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 33 |
|---|
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About Greystone Terrace Apartments
Welcome to Greystone Terrace Apartments, your new home in the heart of Salem, OR. Our 1-bedroom 1-bathroom apartments offer a range of amenities designed to enhance your living experience. Enjoy the convenience of an on-site laundry room, saving you time and effort on those busy days. Each apartment also comes with washer/dryer hook-ups, providing you with the option to do your laundry in the comfort of your own home. Each unit has its own balcony/patio, and an assigned parking space. Come and discover the comfort and convenience of living at Greystone Terrace Apartments.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very GoodWith a solid 8.5 out of 10 overall, Greystone Terrace Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Greystone Terrace Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Greystone Terrace Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Greystone Terrace Apartments goes above and beyond to provide sought-after conveniences and desirable perks, including building or unit level amenities. Renters looking for popular or luxurious features will find them here—and for that reason, Greystone Terrace Apartments receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Greystone Terrace Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Greystone Terrace Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Greystone Terrace Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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 Greystone Terrace Apartments compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
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Rent trends in South Gateway
1-bedroom apartments at Greystone Terrace Apartments cost about 0% less than the average rent price for 1-bedroom apartments in South Gateway.
Median rents as of Jan 31 2026.
South Gateway
Salem
| Month | Median Rent |
|---|---|
| February 2024 | $1,162 |
| March 2024 | $1,147 |
| April 2024 | $1,167 |
| May 2024 | $1,195 |
| June 2024 | $1,188 |
| July 2024 | $1,209 |
| August 2024 | $1,217 |
| September 2024 | $1,187 |
| October 2024 | $1,196 |
| November 2024 | $1,198 |
| December 2024 | $1,196 |
| January 2025 | $1,150 |
| February 2025 | $1,156 |
| March 2025 | $1,140 |
| April 2025 | $1,100 |
| May 2025 | $1,100 |
| June 2025 | $1,137 |
| July 2025 | $1,150 |
| August 2025 | $1,150 |
| September 2025 | $1,142 |
| October 2025 | $1,150 |
| November 2025 | $1,150 |
| December 2025 | $1,130 |
| January 2026 | $1,125 |
| Month | Median Rent |
|---|---|
| February 2024 | $1,347 |
| March 2024 | $1,314 |
| April 2024 | $1,325 |
| May 2024 | $1,315 |
| June 2024 | $1,329 |
| July 2024 | $1,325 |
| August 2024 | $1,327 |
| September 2024 | $1,295 |
| October 2024 | $1,312 |
| November 2024 | $1,327 |
| December 2024 | $1,380 |
| January 2025 | $1,346 |
| March 2025 | $1,335 |
| April 2025 | $1,335 |
| May 2025 | $1,321 |
| June 2025 | $1,312 |
| July 2025 | $1,317 |
| August 2025 | $1,332 |
| September 2025 | $1,335 |
| October 2025 | $1,339 |
| November 2025 | $1,328 |
| December 2025 | $1,321 |
| January 2026 | $1,306 |
Affordability calculator
Can I afford to live at Salem #5324?
Bedrooms
1 bedroomRent-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
$51,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $51,800 annually to afford this 1-bedroom monthly rent price of $1,295.
For more information on rent affordability, visit our rent calculator.
Schools near Greystone Terrace Apartments
Sumpter Elementary School
525 rockwood st se
salem, OR, 97306
K-5Public
B
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Internet available near Greystone Terrace Apartments
Neighborhood
South Gateway | Salem, OR
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around OR 97306 near Salem #5324
Walking
3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
4/10
This is semi-bikeable, but you’ll need another way of getting around.
Transit
0/10
FYI, there are little to no public transit options within walking distance.
Points of interest for Salem #5324, OR 97306
Groceries
0/10
Closest supermarket further than a 30-minute walk
Shopping
2/10
Some shops within walking distance
Cafes
1/10
Few or no cafés within walking distance
Restaurants
3/10
Some restaurants within walking distance
Primary schools
3/10
At least one elementary school within a 30-minute walk
High schools
1/10
Closest high school further than a 30-minute walk
Parks
5/10
Moderate amount of park space nearby
Nightlife
2/10
Few or no bars within walking distance
Explore the area around Salem #5324
Safeway
5660 Commercial St SE
Taj Indian Grocery
5040 Commercial St SE
Nectar Markets LLC
1130 Royvonne Ave SE
WinCo Foods
4575 Commercial St SE
Roth's Fresh Market
4555 Liberty Rd S
Denali Star LLC
133 Radiance Ave SE
Walmart
5250 Commercial St SE
Costco Wholesale
4885 27th Ave SE
Capital Couture
3335 Commercial St SE
Fish Cute
401 Ratcliff Dr SE
Starbucks
5660 Commercial St SE
Dutch Bros Coffee
1350 Barnes Ave SE
Toadally Coffee
1120 Royvonne Ave SE
The Human Bean
4651 Commercial St SE
Starbucks
2520 Kuebler Blvd SE
Stone Front Tavern
5690 Commercial St SE
Blackjacks
5249 Commercial St SE
Applebee's Grill + Bar
5070 Commercial St SE
Chatty Shack
4984 Commercial St SE
Bangkok Thai Bistro
1130 Royvonne Ave SE
The Cake Whisperer
Mode Cakes
1385 Neahkahnie St SE
Privet European Food & Bakery
1130 Royvonne Ave SE
Pure Decadence Pastries
4740 Liberty Rd S
Bakingbadass.com
4337 Liberty Rd S
Bryan Johnston Park
Sunnyside/Mildred
Wiltsey
Sumpter Park
Rees Park
Little Caesars
5757 Commercial St SE
Dede's
5757 Commercial St SE
Authentic Russian Taste
1510 Fabry Rd SE
Little India
1510 Fabry Rd SE
Osaka Hibachi
1510 Fabry Rd SE
Sunnyside / Cayuse
Fairview Industrial
Sunnyside / Wiltsey
Fairview Industrial
Sunnyside / Mildred
Fairview Industrial
Sunnyside / Neahkahnie
Fairview Industrial
Mildred / Marstone
Fairview Industrial
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