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Updated 1 Day Ago

Highlights

  • Pet Friendly
  • Private balcony
  • Washer/dryer hook-ups
  • Professionally managed
  • Balcony/patio
  • 1-car off street parking
  • On-site laundry room

Location

Salem #5324, OR 97306, USA|South Gateway
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Contact

Management

Valley First Property Management, LLC

Leasing office

(503) 694-9280

Property Overview

Greystone Terrace Apartments offers private balconies or patios, washer/dryer hook-ups, an on-site laundry room, professional management, and 1-car off-street parking. It also stands out for its strong value for money and the fact that it has 11 photos, giving renters a useful quick look at the property.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.5
Very Good
With 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.

Things you’ll love

  • Images Available
  • Laundry available on site

Great for

  • Pet owners

Floor plans

1BR/1.0BA1 bed1 bath720 sqft$1,195 /mo1 unit availableProfessionally 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 • Second floor unit • Private balcony • 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 • Pets OK upon approval with additional deposit and pet rent • No smoking policy Dates and unit availability are subject to change. Pictures may not be of exact unit. Apply Now

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Amenities for Greystone Terrace Apartments

Apartment Amenities

Washer/Dryer Hookups

Appliances

DishwasherIn-Unit Laundry
RangeRefrigerator

Building

Cats OKDogs OK
Onsite Laundry

Other

Water, Sewer, & Garbage
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

Building details

Property details

Units33
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About Greystone Terrace Apartments

HomeApartments in SalemSouth Gateway 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 Good
With 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.
How we rated Greystone Terrace Apartments
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 pets allowed. 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.

Greystone Terrace Apartments is great for:

Pet owners

  • 1 pet grooming service nearby
  • 3 pet supply stores near the property

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

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

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Rent trends in South Gateway

1-bedroom apartments at Greystone Terrace Apartments cost about 11% less than the average rent price for 1-bedroom apartments in South Gateway.

Median rents as of Sep 5 2026.
South Gateway
Salem
A table of 1-bedroom apartment rental data trends in Salem
MonthMedian Rent
September 2024$1,185
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
February 2026$1,142
March 2026$1,150
April 2026$1,137
May 2026$1,103
June 2026$1,097
July 2026$1,098
August 2026$1,105
September 2026$1,100
A table of 1-bedroom apartment rental data trends in South Gateway
MonthMedian Rent
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
February 2026$1,314
March 2026$1,323
April 2026$1,330
May 2026$1,339
June 2026$1,343
July 2026$1,351
August 2026$1,444
September 2026$1,347

Affordability calculator

Can I afford to live at Salem #5324?

Bedrooms

1 bedroom

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

$47,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $47,800 annually to afford this 1-bedroom monthly rent price of $1,195.
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

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 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

1/10
No grocery stores within walking distance

Shopping

3/10
Some shops within walking distance

Cafes

2/10
Few or no cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

3/10
No elementary schools within a 30-minute walk

High schools

1/10
No high schools within 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
Trader Joe's
4450 Commercial St SE

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