3 Days Ago
Highlights
Pet Friendly
Location
540 Wallace Rd Nw, Salem, OR 97304, USA|West Salem
Hi! Let’s figure out if this property is right for you.
Powered by Zumper AI
Nearby rentals
Renter hub
Property management
Apartments for rent PortlandApartments for rent GreshamApartments for rent Northwest DistrictApartments for rent SalemApartments for rent BeavertonApartments for rent AlohaApartments for rent HazelwoodApartments for rent RockwoodApartments for rent Cooper Mountain - Aloha NorthApartments for rent HillsboroApartments for rent TigardApartments for rent Corbet - Terwilliger - Lair HillApartments for rent Powellhurst - GilbertApartments for rent IrvingtonApartments for rent KeizerApartments Near Me
Houses for rent PortlandHouses for rent Downtown PortlandHouses for rent Northwest DistrictHouses for rent PearlHouses for rent GreshamHouses for rent Corbet - Terwilliger - Lair HillHouses for rent Cooper Mountain - Aloha NorthHouses for rent AlohaHouses for rent Cedar HillsHouses for rent HomesteadHouses for rent Cedar Hills - Cedar Mill NorthHouses for rent Jennings LodgeHouses for rent SalemHouses for rent BeavertonHouses for rent HillsboroHouses for rent near me
Property Overview
WALLACE PARK APARTMENTS (03) is a highly rated property with an impressive Zumper expert rating of 8.8, highlighting its exceptional amenities, competitive pricing, and prime location. It stands out for its affordability and value compared to similar properties, while also fostering a vibrant social life and being pet-friendly, complemented by local resources catering to pets. The property is noted for its transparency and trustworthiness, providing renters with a clear understanding of what to expect from their living experience.
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
Less expensive- Laundry available on site
Great for
Pet owners
Floor plans
| 3 Bedroom 2 Bathroom | 3 bed | 2 bath | 1,132 sqft | $1,550 /mo | 1 unit available | We use an independent, third-party pet screening vendor for all our tenant prospects. To help ensure ALL of our residents understand our pet and animal-related policies we require EVERYONE to complete a third-party screening and review process regardless of having a pet or animal. This process ensures we have formalized pet and animal-related policy acknowledgments and accurate pet / animal records. There is a nominal fee for a household pet screening Pet Profile. This is a separate charge from the rental application fee ($25). There is no ($0) charge for an assistance animal accommodation request and no ($0) charge for a 'No Pet / Animal' profile. Please visit investwestmanagement petscreening com to get started. While our vacant properties are cleaned once at turnover, please be aware that it is logistically impossible to sanitize the units between viewings, or prior to move-in. To reduce any possible risk, we ask that you not touch anything while in the unit, and wash your hands or use hand sanitizer after re-locking the unit. For new move-ins, you may wish to perform your own sanitation of surfaces (with a non-damaging cleaner). |
Let's explore this property.
Amenities for WALLACE PARK APARTMENTS (03)
Apartment Amenities
| Carpet | Carpet/Vinyl |
| Ceiling Fan |
Appliances
| Dishwasher | Electric Heat |
Building
| Carport | Cats OK |
| Dogs OK | Fitness Center |
| Onsite Laundry |
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
| Units | 65 |
|---|
Advertisement
About WALLACE PARK APARTMENTS (03)
We use an independent, third-party pet screening vendor for all our tenant prospects. To help ensure ALL of our residents understand our pet and animal-related policies we require EVERYONE to complete a third-party screening and review process regardless of having a pet or animal. This process ensures we have formalized pet and animal-related policy acknowledgments and accurate pet / animal records. There is a nominal fee for a household pet screening Pet Profile. This is a separate charge from the rental application fee ($25). There is no ($0) charge for an assistance animal accommodation request and no ($0) charge for a 'No Pet / Animal' profile. Please visit investwestmanagement petscreening com to get started. While our vacant properties are cleaned once at turnover, please be aware that it is logistically impossible to sanitize the units between viewings, or prior to move-in. To reduce any possible risk, we ask that you not touch anything while in the unit, and wash your hands or use hand sanitizer after re-locking the unit. For new move-ins, you may wish to perform your own sanitation of surfaces (with a non-damaging cleaner).
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.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, WALLACE PARK APARTMENTS (03) is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, WALLACE PARK APARTMENTS (03) has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
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, WALLACE PARK APARTMENTS (03) is a great option for renters looking for apartments in West Salem. 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·10A 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.
WALLACE PARK APARTMENTS (03) stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
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
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
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:
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
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
- Lacks images
- Fewer than 10 photos available for this location
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in West Salem
3-bedroom apartments at WALLACE PARK APARTMENTS (03) cost about 37% less than the average rent price for 3-bedroom apartments in West Salem.
Median rents as of Jan 24 2026.
West Salem
Salem
| Month | Median Rent |
|---|---|
| February 2024 | $1,162 |
| March 2024 | $1,147 |
| April 2024 | $1,167 |
| May 2024 | $1,195 |
| June 2024 | $1,188 |
| July 2024 | $1,209 |
| August 2024 | $1,217 |
| September 2024 | $1,187 |
| 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 |
| Month | Median Rent |
|---|---|
| February 2024 | $1,200 |
| March 2024 | $1,205 |
| April 2024 | $1,278 |
| May 2024 | $1,246 |
| June 2024 | $1,299 |
| July 2024 | $1,297 |
| August 2024 | $1,197 |
| September 2024 | $1,299 |
| October 2024 | $1,298 |
| 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 | $1,302 |
Affordability calculator
Can I afford to live at 540 Wallace Rd Nw?
Bedrooms
3 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
$62,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $62,000 annually to afford this 3-bedrooms monthly rent price of $1,550.
For more information on rent affordability, visit our rent calculator.
Schools near WALLACE PARK APARTMENTS (03)
Harritt Elementary School
2112 linwood st nw
salem, OR, 97304
K-5Public
C+
Advertisement
Internet available near WALLACE PARK APARTMENTS (03)
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
At least one grocery store within a few minutes' walk
Shopping
6/10
Variety of shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
7/10
Variety of restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
8/10
At least one high school within a 20-minute walk
Parks
9/10
Large amount of park space nearby
Nightlife
4/10
Some bars 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
Twigs & Honey
1107 Edgewater St NW
Footwear Express
290 Commercial St NE
Oregon NW Black Pioneers
117 Commercial St NE
Gallagher Fitness Resources
135 Commercial St NE
Winslow
305 Court St NE
Dutch Bros Coffee
525 Wallace Rd NW
Jamba
515 Taggart Dr NW
Dude Donut City
525 Taggart Dr NW
Starbucks
1124 Wallace Rd NW
Archive Coffee & Bar
102 Liberty St NE
Westside Station
610 Edgewater St NW
Westside Station Restaurant & Lounge
610 Edgewater St NW
Alibi Bar & Grill
590 Taggart Dr NW
Isaac's Downtown
201 Commercial St NE
Dehn
157 Commercial St SE
Salem Sport Nutrition
525 Taggart Dr NW
Cachet Tamales Shop
1105 Wallace Rd NW
Bountiful Pies
1107 Edgewater St NW
Salem Baking Co, Inc
339 Court St NE
Little Cannoli Bakery
189 Liberty St NE
Salem Riverfront
Riverfront Park
Marion Square Park
Wallace Marine Park
West Salem Park
Taco Bell
450 Wallace Rd NW
Carl's Jr
555 Edgewater St NW
Jersey Mike's Subs
555 Edgewater St NW
Dutch Bros Coffee
525 Wallace Rd NW
McDonald's
570 Wallace Rd NW
Wallace / Bassett
Wallace Road, Edgewater Street
Wallace / Taggart
Edgewater Street, Wallace Road
Taggart / Wallace
Glen Creek / Eola, Edgewater Street
Wallace / Taggart
Edgewater Street, Wallace Road
7th / Wallace
Edgewater Street
Compare similar properties nearby
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
4 Corners Apartments
Our team has verified this companyFour Corners • 178 Lancaster Dr Se
2 Beds
$1,495
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
Harmona Heights Apartments
Our team has verified this companySouth Salem • 1055 Schurman Dr S
2 Beds
$1,650
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
4 Corners Apartments
Our team has verified this companyFour Corners • 178 Lancaster Dr Se
2 Beds
$1,495
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
Harmona Heights Apartments
Our team has verified this companySouth Salem • 1055 Schurman Dr S
2 Beds
$1,650
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry