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Highlights

  • Pet Friendly
  • Washer/dryer hookups
  • On-site maintenance
  • On-site management
  • Great community amenities
  • Open living, dining, and kitchen area
  • Carpet and vinyl flooring

Location

540 Wallace Rd Nw, Salem, OR 97304, USA|West Salem
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Property Overview

WALLACE PARK APARTMENTS (03) earns a strong overall rating with excellent value, standout amenities, and a convenient location. It offers washer/dryer hookups, on-site management and maintenance, open living spaces, and carpet and vinyl flooring, along with nearby pet services and a solid photo set for a clearer view of 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

9.0
Excellent
WALLACE PARK APARTMENTS (03) is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Location, which help to make this rental a great place to call home.

Things you’ll love

  • More space
  • High school nearby
  • Images Available

Great for

  • Pet owners

Floor plans

StudioStudio2 bath
2 Bedroom 1 Bathroom2 bed1 bath986 sqft
SECLUDED WALLACE PARK APARTMENTS2 bed2 bath1,100 sqft
3 Bedroom 2 Bathroom3 bed2 bath1,132 sqft

Let's explore this property.

Amenities for WALLACE PARK APARTMENTS (03)

Apartment Amenities

CarpetCarpet/Vinyl
Ceiling Fan

Appliances

Dishwasher

Building

CarportCats OK
Clubhouse/Fitness CenterDogs OK
Onsite Laundry

Other

Electric Wall HeatersPet Screening is Mandatory Before Approval
Photo Disclosure: Photos may be of a Smilar Unit
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
Limit1

Cat Policy

Allowed
Limit1
Building details

Property details

Units65

About WALLACE PARK APARTMENTS (03)

HomeApartments in SalemWest Salem WALLACE PARK APARTMENTS (03)

Wallace Park Apartments (503) 588-2996 www iwmrentals com Wallace Park Apartments in Salem, OR offers a convenient living experience in the Wallace Park area. Each apartment includes a practical living/dining/kitchen layout, carpet and vinyl flooring, and a kitchen equipped with a range, refrigerator, dishwasher, and garbage disposal. Added conveniences include W/D hookups, an on-site coin-operated laundry room, electric wall heaters, and available carports. Water, sewer, and garbage are included in the rent. Renter’s insurance is required, and smoking is not permitted within 40 feet of any building on the property.


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.
9.0
/10
Excellent
WALLACE PARK APARTMENTS (03) is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Location, which help to make this rental a great place to call home.
How we rated WALLACE PARK APARTMENTS (03)
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.
WALLACE PARK APARTMENTS (03) 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·8A 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.
With multiple in-demand amenities, WALLACE PARK APARTMENTS (03) is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
WALLACE PARK APARTMENTS (03) 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·9A 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.
WALLACE PARK APARTMENTS (03) has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Reviews from the web

Showing 5 highest rated

Really clean and great placement of the apartments

Anneliese Bebber

Anneliese Bebber

Jun 12, 2016

Lived there for about a year. Beautiful surroundings, quiet neighbors, and very well maintained. Everything worked - no issues. Lori, the apartment manager, was always around and incredibly helpful as well. Any issue I had, it was resolved immediately. There's a gym and a laundry facility, and easy access to the trash areas. Not to mention, you're a block away from Starbucks, Roths, US Bank, Walgreens, the library and anything else you might need. It's also walking distance to downtown by crossing the gorgeous bridge, a few minutes to get to Wallace Marine Park and be surrounded by nature, or take a dip by the Williamette River with your family. I don't want to oversell this place. If I returned to Salem, I'd move back here in an instant.

Rocky Kev

Rocky Kev

Dec 26, 2017

We’re sharing just 5 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.

WALLACE PARK APARTMENTS (03) is great for:

Pet owners

  • 5 pet supply stores near the property
  • 3 pet hospitals in the area
  • 1 pet grooming service nearby

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 WALLACE PARK APARTMENTS (03) compares to other nearby properties.

Positives

More space
The 2-bedroom is 151 sqft larger than other listings nearby
High school nearby
There is a high school 1.3 miles away
Images Available
There are at least 10 photos of this property

Considerations

No in-unit dishwasher
Dishwashers aren't available

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Rent trends in West Salem

Median rents as of Oct 24 2026.
West Salem
Salem
A table of 1-bedroom apartment rental data trends in Salem
MonthMedian Rent
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$1,112
October 2026$1,097
A table of 1-bedroom apartment rental data trends in West Salem
MonthMedian Rent
November 2024$1,337
December 2024$1,253
January 2025$1,250
February 2025$1,212
March 2025$1,235
April 2025$1,127
May 2025$1,179
June 2025$1,178
July 2025$1,379
August 2025$1,285
September 2025$1,250
October 2025$1,235
November 2025$1,272
December 2025$1,301
January 2026$1,301
February 2026$1,384
March 2026$1,320
April 2026$1,173
May 2026$1,125
June 2026$1,105
July 2026$1,095
August 2026$1,212
September 2026$1,193
October 2026$1,150

Schools near WALLACE PARK APARTMENTS (03)

Harritt Elementary School

2112 linwood st nw

salem, OR, 97304

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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Getting around Salem near 540 Wallace Rd Nw

Walking

6/10
Some shops and stores are within a few minutes.

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

5/10
Frequent public transit options are within walking distance.

Points of interest for 540 Wallace Rd Nw, Salem

Groceries

9/10
Wide variety of groceries within a few minutes' walk

Shopping

7/10
Wide variety of shops within a short drive, including some within walking distance

Cafes

9/10
Wide variety of cafés within a few minutes’ walk

Restaurants

8/10
Wide variety of restaurants within a few minutes’ walk

Primary schools

8/10
At least one elementary school within a 15-minute walk

High schools

8/10
At least one high school within a 15-minute walk

Parks

9/10
Exceptionally large amount of park space within a few minutes’ walk

Nightlife

8/10
Wide variety of bars within a short drive, including some within walking distance

Explore the area around 540 Wallace Rd Nw

Roth's Fresh Markets
1130 Wallace Rd NW
Grocery Outlet
299 D St NE
Safeway
1455 Edgewater St NW
Safeway
1265 Center St NE
American Market #14
1420 State St

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