7 Hours Ago
Highlights
- Spacious 1 bedroom
- Non-smoking building
Location
314 Lafayette Street, Salem, Massachusetts 01970, United States
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Property Overview
Park Towers, LLC features a spacious 1-bedroom layout in a non-smoking environment, receiving an overall Zumper expert rating of 7.9 out of 10. With competitive pricing and a strong amenities rating of 9 out of 10, the property offers excellent value while ensuring residents enjoy a high standard of living and convenient access to popular destinations. Additionally, it ranks highly in trustworthiness and stands in the top percentile for value compared to similar properties in the area.
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- Elementary school nearby
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 600+ sqft | $1,550 /mo | 2 units available | Spacious 1 Bedroom - Walking distance to Salem state campus Large 1 Bedroom, Best Location Salem can offer #402 Location: 320 Lafayette st, Salem Rent: $1,550 Required before move in: First month rent $1550 Security deposit $1550 Last months rent $1550 Available Date: Beds: 1 Baths: 1 Pet: not allowed Features: Coin-Op Laundry on top level, Separate Kitchen with counter top, No parking Train Station -15 minute walk Non-Smoking Building Contact Harry at 781-254-2075. Text or Email is best. www parktowersllc com | |
| 2BR/1.0BA | 2 bed | 1 bath | 725+ sqft | $1,950 /mo | 2 units available | PARK TOWERS APARTMENTS 320 Lafayette Street #404 Beds: 2 Baths: 1 Rent: $1,950 Rent Requirements (First, Last Security Deposit) Online Rent payments & maintenance requests! Date Available: 01/01/26 Street Parking only; Parking spaces for $50/month if available Electric paid by tenant at National Grid No Pets Apartment Features: - 2 Bedroom with large kitchen Granite counters, stainless steel appliances and large living room - Disposal - Dishwasher - Coin Operated Laundry on site - Non-Smoking Building - 2 Balconies Area: Safe/Quiet Building & Neighborhood Located on Lafayette Street between Downtown Historic Salem, MA and Salem State College. Walking distance to Salem State. Close to Everything - Bank, Museums, Dunkin' Donuts, Starbucks, ,Shops, Restaurants, Pickering Wharf, Public Transportation Contact Harry at 781-254-2075. Text or Email is best. www parktowersllc com |
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Amenities for Park Towers, LLC
Apartment Amenities
| Water |
Appliances
| Dishwasher | Garbage Disposal |
| Hood | Range |
| Refrigerator | Stove |
Building
| Sewer |
Other
| Cold Water |
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
Building details
Property details
| Units | 46 |
|---|
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About Park Towers, LLC
Spacious 1 Bedroom - Walking distance to Salem state campus Large 1 Bedroom, Best Location Salem can offer #402 Location: 320 Lafayette st, Salem Rent: $1,550 Required before move in: First month rent $1550 Security deposit $1550 Last months rent $1550 Available Date: Beds: 1 Baths: 1 Pet: not allowed Features: Coin-Op Laundry on top level, Separate Kitchen with counter top, No parking Train Station -15 minute walk Non-Smoking Building Contact Harry at 781-254-2075. Text or Email is best. www parktowersllc com
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.
7.9
/10
Very GoodPark Towers, LLC is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
Price·8A 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.
Scoring a 8/10, Park Towers, LLC is a great option for renters looking for apartments in this neighborhood. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
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.
Park Towers, LLC goes above and beyond to provide sought-after conveniences and desirable perks, including cold water. Renters looking for popular or luxurious features will find them here—and for that reason, Park Towers, LLC 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.
Park Towers, LLC 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 Park Towers, LLC 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.
Park Towers, LLC 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 Park Towers, LLC compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Elementary school nearby
- There is an elementary school 0.2 mile away
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
- No laundry facilities available
- This property doesn't offer on-site or in-unit washers and dryers
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Rent trends in Salem
1-bedroom apartments here are priced 28% lower than 1-bedrooms in Salem.
If you decide to upgrade your space, you can expect 2-bedrooms at Park Towers, LLC to be 30% less than the average for similarly sized apartments in Salem.
Median rents as of Nov 29 2025.
Salem
| Month | Median Rent |
|---|---|
| February 2024 | $1,550 |
| March 2024 | $1,563 |
| April 2024 | $1,648 |
| May 2024 | $1,858 |
| June 2024 | $1,940 |
| July 2024 | $1,781 |
| August 2024 | $1,837 |
| September 2024 | $1,862 |
| October 2024 | $1,868 |
| November 2024 | $1,825 |
| December 2024 | $1,591 |
| January 2025 | $1,556 |
| February 2025 | $1,600 |
| March 2025 | $1,630 |
| April 2025 | $1,712 |
| May 2025 | $1,675 |
| June 2025 | $1,681 |
| July 2025 | $1,650 |
| August 2025 | $1,866 |
| September 2025 | $1,702 |
| October 2025 | $1,835 |
| November 2025 | $1,800 |
Affordability calculator
Can I afford to live at 314 Lafayette Street?
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 1-bedroom monthly rent price of $1,550.
For more information on rent affordability, visit our rent calculator.
Schools near Park Towers, LLC
Saltonstall School
211 lafayette st
salem, MA, 1970
K-8Public
C+
Horace Mann Laboratory School
79 willson st
salem, MA, 1970
PK, K-5Public
C
Salem Early Childhood
25 memorial dr
salem, MA, 1970
PKPublic
Witchcraft Heights Elementary School
1 frederick st
salem, MA, 1970
K-5Public
C
Carlton Elementary School
10 skerry st
salem, MA, 1970
K-5Public
B-
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Internet available near Park Towers, LLC
Getting around Salem near 314 Lafayette Street
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
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 314 Lafayette Street, Salem
Groceries
8/10
At least one grocery store within a 15-minute walk
Shopping
5/10
Some shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
6/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
4/10
No high schools within a 30-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
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