Highlights
Zero Deposit
Pet Friendly
Location
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Property management
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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.
Things you’ll love
Great for
| 1BR/1.0BA | 1 bed | 1 bath | 615 sqft | $1,857 /mo | 1 unit available | 1-Bedroom Apartment – Pay as Little as $1,857/Month with 6 Weeks Free* Limited-Time Special: 6 Weeks Free Rent! Lease this apartment for $2,099 per month and receive six weeks of free rent—a total savings of approximately $2,906. Choose the option that works best for you: Apply the full concession upfront, after which your rent will be $2,099 per month; or Spread the savings across the 12-month lease, making the effective monthly rent approximately $1,857* *The lease rent is $2,099 per month. The effective monthly rate of approximately $1,857 reflects six weeks of free rent spread across a 12-month lease. Concession terms and eligibility requirements apply. Must sign a 12-month lease. Obligo offers renters flexible alternatives to traditional security deposits, including no deposit, reduced deposit, or installment options, while ensuring landlords remain protected. *FLEX rent is a payment solution that allows tenants to split their monthly rent into smaller, more manageable installments instead of paying the full amount upfront. For more information or to schedule a tour: Jolene Griffin 978-641-3653 **** We are an Equal Housing Opportunity provider and do not discriminate on the basis of race, color, national origin, religion, sex, disability, familial status, age, military status, gender identity, sexual orientation, marital status, or receipt of public assistance, including housing vouchers. |
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Apartment Amenities
| Hot Water |
Appliances
| Range | Refrigerator |
| Stove |
Building
| Cats OK | Dogs OK |
| Water/Sewer |
One-time.
Questions about this property’s policies and fees?
| Units | 4 |
|---|
1-Bedroom Apartment – Pay as Little as $1,857/Month with 6 Weeks Free* Limited-Time Special: 6 Weeks Free Rent! Lease this apartment for $2,099 per month and receive six weeks of free rent—a total savings of approximately $2,906. Choose the option that works best for you: Apply the full concession upfront, after which your rent will be $2,099 per month; or Spread the savings across the 12-month lease, making the effective monthly rent approximately $1,857* *The lease rent is $2,099 per month. The effective monthly rate of approximately $1,857 reflects six weeks of free rent spread across a 12-month lease. Concession terms and eligibility requirements apply. Must sign a 12-month lease. Obligo offers renters flexible alternatives to traditional security deposits, including no deposit, reduced deposit, or installment options, while ensuring landlords remain protected. *FLEX rent is a payment solution that allows tenants to split their monthly rent into smaller, more manageable installments instead of paying the full amount upfront. For more information or to schedule a tour: Jolene Griffin 978-641-3653 **** We are an Equal Housing Opportunity provider and do not discriminate on the basis of race, color, national origin, religion, sex, disability, familial status, age, military status, gender identity, sexual orientation, marital status, or receipt of public assistance, including housing vouchers.
How Residences at Lafayette LLC compares to other nearby properties.
Positives
Considerations
1-bedroom apartments at Residences at Lafayette LLC cost about 17% less than the average rent price for 1-bedroom apartments in Salem.
| Month | Median Rent |
|---|---|
| September 2024 | $1,883 |
| 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 |
| December 2025 | $1,818 |
| January 2026 | $1,799 |
| February 2026 | $1,850 |
| March 2026 | $1,868 |
| April 2026 | $1,975 |
| May 2026 | $1,855 |
| June 2026 | $1,850 |
| July 2026 | $1,862 |
| August 2026 | $1,859 |
Can I afford to live at 7 Cedar St?
Bedrooms
1 bedroomRent-to-income ratio
30%
$74,280/yr
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