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Highlights
- Ample storage
- Spacious 2 bedroom units
- Washer/dryers included
- Electric fireplaces
Location
821 Cottage St Ne, Salem, OR 97301, USA|Central Area
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Property Overview
Mill Creek Terrace presents a strong appeal for renters, with an overall Zumper expert rating of 8 out of 10, indicating a solid living experience. The property features spacious 2-bedroom units, ample storage, and included washer/dryers, while its competitive price rating of 9 and excellent location rating of 9 reflect a favorable balance between value and convenience. Additionally, with a trustworthiness rating of 7, renters can expect transparency and reliability from the property management.
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
Middle school nearby- High school nearby
- More space
Floor plans
| 2 Bedroom | 2 bed | 1 bath | 986 sqft | $1,495 /mo | 1 unit available | Located in vibrant Central Salem, Chancellor is one of a kind. Spacious 2 bedrooms units with ample storage, electric fireplaces and washer/dryers included. The State Capitol, Willamette University and all the restaurants and shops of downtown Salem are a quick walk away. Contact us today for a showing - these apartments rarely come available and won't stay vacant for long!!! https my matterport com show ?m=U4HLQ2Mit3L |
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Amenities for Mill Creek Terrace
Appliances
| Dishwasher | In-Unit Laundry |
| Microwave | Range, Refrigerator & Dishwasher |
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
Building details
Property details
| Units | 18 |
|---|
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About Mill Creek Terrace
Located in vibrant Central Salem, Chancellor is one of a kind. Spacious 2 bedrooms units with ample storage, electric fireplaces and washer/dryers included. The State Capitol, Willamette University and all the restaurants and shops of downtown Salem are a quick walk away. Contact us today for a showing - these apartments rarely come available and won't stay vacant for long!!! https my matterport com show ?m=U4HLQ2Mit3L
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.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, Mill Creek Terrace is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Mill Creek Terrace has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·9A 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.
Mill Creek Terrace stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
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, Mill Creek Terrace 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.
Mill Creek Terrace 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 Mill Creek Terrace 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.
Mill Creek Terrace 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 Mill Creek Terrace compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.2 mile away
- High school nearby
- There is a high school 1 mile away
- More space
- The 2-bedroom is 102 sqft larger than other listings nearby
- Elementary school nearby
- There is an elementary school 0.3 mile away
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Rent trends in Central Area
2-bedroom apartments at Mill Creek Terrace cost about 25% more than the average rent price for 2-bedroom apartments in Central Area.
Median rents as of Oct 18 2025.
Central Area
Salem
| Month | Median Rent |
|---|---|
| November 2023 | $1,118 |
| December 2023 | $1,104 |
| January 2024 | $1,100 |
| February 2024 | $1,100 |
| March 2024 | $1,112 |
| April 2024 | $1,194 |
| May 2024 | $1,142 |
| June 2024 | $1,145 |
| July 2024 | $1,159 |
| August 2024 | $1,147 |
| September 2024 | $1,161 |
| October 2024 | $1,134 |
| November 2024 | $1,177 |
| December 2024 | $1,213 |
| January 2025 | $1,053 |
| February 2025 | $1,148 |
| March 2025 | $1,114 |
| April 2025 | $893 |
| May 2025 | $1,031 |
| June 2025 | $1,086 |
| July 2025 | $1,143 |
| August 2025 | $1,214 |
| September 2025 | $1,214 |
| October 2025 | $1,095 |
| Month | Median Rent |
|---|---|
| November 2023 | $1,125 |
| December 2023 | $1,140 |
| January 2024 | $1,125 |
| February 2024 | $1,163 |
| March 2024 | $1,188 |
| April 2024 | $1,350 |
| May 2024 | $1,191 |
| June 2024 | $1,186 |
| July 2024 | $1,235 |
| August 2024 | $1,259 |
| September 2024 | $1,175 |
| October 2024 | $1,149 |
| November 2024 | $1,268 |
| December 2024 | $1,264 |
| January 2025 | $1,087 |
| February 2025 | $1,214 |
| March 2025 | $1,222 |
| April 2025 | $1,230 |
| May 2025 | $1,163 |
| June 2025 | $1,304 |
| July 2025 | $1,359 |
| August 2025 | $1,298 |
| September 2025 | $1,183 |
| October 2025 | $1,152 |
Affordability calculator
Can I afford to live at 821 Cottage St Ne?
Bedrooms
2 bedroomsRent-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
$59,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $59,800 annually to afford this 2-bedrooms monthly rent price of $1,495.
For more information on rent affordability, visit our rent calculator.
Schools near Mill Creek Terrace
Grant Community School
725 market st ne
salem, OR, 97301
K-5Public
B-
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Internet available near Mill Creek Terrace
Neighborhood
Central Area | Salem, OR
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Salem near 821 Cottage St Ne
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 821 Cottage St Ne, Salem
Groceries
7/10
At least one grocery store within a 15-minute walk
Shopping
7/10
Variety of shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
6/10
Variety of restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 5-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
4/10
Some bars within walking distance
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