Zumper
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Updated 16 Minutes Ago

Highlights

  • Pet Friendly
  • Spacious apartments
  • Prime location
  • Modern convenience
  • Convenient location
  • Friendly community

Location

2540 Broadway St Ne, Salem, OR 97301, USA|Highland
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Contact

Management

Place 2B Properties

Leasing office

(503) 362-0030

Property Overview

Somerset Apartments offers spacious apartments in a prime, convenient location, with modern features and a friendly community atmosphere. It stands out for excellent value, strong amenities, and high renter trust, making it a well-rounded option with broad appeal.

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

8.6
Very Good
With a solid 8.6 out of 10 overall, Somerset Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Somerset 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

  • Middle school nearby
  • Less expensive

Great for

  • Pet owners

Floor plans

1bd/1ba1 bed1 bath579 sqft$950 /mo4 units available*Photos may not be of exact unit Welcome to our classic apartment community in NE Salem, where charm and convenience come together perfectly. Nestled in a prime location with easy access to major transportation routes, our well-established complex offers a unique blend of vintage character and modern convenience. Our spacious apartments feature timeless design elements and enduring quality, ensuring a cozy and inviting atmosphere. Enjoy the benefits of being close to public transit, making your daily commute a breeze, and take advantage of nearby local shops, dining, and entertainment. With our friendly community and convenient location, you’ll find the perfect balance of nostalgic appeal and practical living. Come discover the welcoming atmosphere and classic charm of our NE Salem apartments. We’re excited to help you find your new home! Disclosure: The community utilizes a Ratio Utility Billing System (RUBS) for utility cost allocation. Residents will be billed for their share of utilities based on occupancy, unit size, or other approved factors in accordance with local regulations. Place 2B Properties 4646 Ridge Drive NE Salem, Oregon 97301 503-362-0030
2bd/1ba2 bed1 bath789 sqft$1,125 /mo1 unit availableSomerset Apartments | Off Broadway | ONE MONTH FREE on Select Homes! Now pre-leasing! Reserve your new home today and take advantage of our ONE-MONTH FREE move-in special on select apartment homes! Current Leasing Specials ONE MONTH FREE on select apartment homes (contact the leasing office for complete details) Affordable rental rates Move-in deposits starting at $250–$750 OAC Limited-time leasing incentives available Welcome Home Welcome to Somerset Apartments, a classic apartment community in Northeast Salem where charm and convenience come together. Conveniently located near major transportation routes, shopping, dining, parks, and public transit, our established community offers comfortable living in an ideal location. Our spacious apartment homes feature timeless design, practical layouts, and enduring quality to create a warm and inviting place to call home. Whether you're commuting to work or enjoying everything Salem has to offer, Somerset Apartments provides the convenience and comfort you're looking for. Schedule Your Tour Today! **** Our leasing team is happy to provide current pricing, availability, and information about our move-in specials. Additional Information Photos shown are of a similar apartment home and may not represent the exact unit available. Floor plans, finishes, flooring, appliances, features, and views may vary by apartment. We look forward to helping you find your next home at Somerset Apartments! Disclosure: The community utilizes a Ratio Utility Billing System (RUBS) for utility cost allocation. Residents will be billed for their share of utilities based on occupancy, unit size, or other approved factors in accordance with local regulations. Place 2B Properties 4646 Ridge Drive NE Salem, Oregon 97301 503-362-0030

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Amenities for Somerset Apartments

Building

Cats OKDogs OK

Other

Rubs
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

Questions about this property’s policies and fees?

Building details

Property details

Units55
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About Somerset Apartments

HomeApartments in SalemHighland Somerset Apartments

Welcome to our classic apartment community in NE Salem, where charm and convenience come together perfectly. Nestled in a prime location with easy access to major transportation routes, our well-established complex offers a unique blend of vintage character and modern convenience. Our spacious apartments feature timeless design elements and enduring quality, ensuring a cozy and inviting atmosphere. Enjoy the benefits of being close to public transit, making your daily commute a breeze, and take advantage of nearby local shops, dining, and entertainment. With our friendly community and convenient location, you’ll find the perfect balance of nostalgic appeal and practical living. Come discover the welcoming atmosphere and classic charm of our NE Salem apartments. We’re excited to help you find your new home! Disclosure: The community utilizes a Ratio Utility Billing System (RUBS) for utility cost allocation. Residents will be billed for their share of utilities based on occupancy, unit size, or other approved factors in accordance with local regulations. *Photos may not be of exact unit Place 2B Properties 4646 Ridge Drive NE Salem, Oregon 97301 503-362-0030


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.
8.6
/10
Very Good
With a solid 8.6 out of 10 overall, Somerset Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Somerset 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 Somerset 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.
Somerset 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·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, Somerset Apartments 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.
Somerset 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·7A 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 it may not have as many distinctive features as similar properties in the surrounding area, renters can trust Somerset Apartments to provide reasonable accomodations and accurate details about its community.
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.

Somerset Apartments is great for:

Pet owners

  • 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 Somerset Apartments compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 0.4 mile away
Less expensive
The 3-bedrooms are cheaper than other similar listings nearby
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Less expensive
The 1-bedrooms are cheaper than other similar listings nearby

Considerations

Greater distance from high schools
The nearest high school is farther than 2 miles away

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Rent trends in Highland

1-bedroom apartments here are priced 13% lower than 1-bedrooms in Highland.

If you decide to upgrade your space, you can expect 2-bedrooms at Somerset Apartments to be 7% less than the average for similarly sized apartments in Highland.

Median rents as of Sep 12 2026.
Highland
Salem
A table of 1-bedroom apartment rental data trends in Salem
MonthMedian Rent
September 2024$1,195
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$1,112
A table of 1-bedroom apartment rental data trends in Highland
MonthMedian Rent
September 2024$1,050
October 2024$1,027
November 2024$1,077
December 2024$1,075
January 2025$1,050
February 2025$1,095
March 2025$1,056
April 2025$1,010
May 2025$995
June 2025$1,051
July 2025$1,045
August 2025$1,046
September 2025$1,043
October 2025$1,042
November 2025$1,014
December 2025$995
January 2026$1,022
February 2026$1,140
March 2026$1,077
April 2026$996
May 2026$1,062
June 2026$1,024
July 2026$1,011
August 2026$1,039
September 2026$1,091

Affordability calculator

Can I afford to live at 2540 Broadway St Ne?

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

$38,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $38,000 annually to afford this 1-bedroom monthly rent price of $950.
For more information on rent affordability, visit our rent calculator.

Schools near Somerset Apartments

Oregon School for the Deaf

999-a locust st ne

salem, OR, 97303

K-12Public

Highland Elementary School

530 highland ave ne

salem, OR, 97303

K-5Public
C-

North Santiam Options Academy

757 w locust st

stayton, OR, 97383

K-12Public
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Internet available near Somerset Apartments

Getting around Salem near 2540 Broadway St Ne

Walking

6/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Transit

4/10
There are a few mass transit options within the area.

Points of interest for 2540 Broadway St Ne, Salem

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

6/10
Variety of shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

6/10
Some restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 10-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Parks

7/10
Moderate amount of park space nearby

Nightlife

4/10
Few or no bars within walking distance

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