Updated 8 Hours Ago
Highlights
Pet Friendly
Location
540 Wallace Rd Nw #205, Salem, OR 97304, USA|West Salem
Tour 540 Wallace Rd Nw #205
Contact
Invest West Management
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Amenities for 540 Wallace Rd Nw #205, West Salem
Apartment Amenities
| Carpet | Carpet/Vinyl |
| Ceiling Fan | Water/Sewer/Garbage Included In Rent |
Appliances
| Dishwasher |
Building
| Cats OK | Clubhouse with Fitness Center |
| Dogs OK | Fitness Center |
| Onsite Laundry |
Grounds
| Carports |
Other
| Electric Wall Heaters | Pet Screening is Mandatory Before Approval |
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?
About 540 Wallace Rd Nw #205
Invest West Management 503-588-2996 www iwmrentals com Charming Apartment Near Wallace Park Enjoy comfortable living in the desirable Wallace Park area. This apartment offers a convenient layout and access to great community amenities. Apartment Features Carpet and vinyl flooring Open living, dining, and kitchen area Range, refrigerator, dishwasher, and garbage disposal included Ceiling fan in dining area Electric wall heat Washer/dryer hookups On-site coin-operated laundry facilities Carport parking On-site management! On-site maintenance! All information, including amenities and features, is provided to the best of our knowledge but is not guaranteed; applicants are encouraged to verify any details important to them during a required property viewing prior to submitting a deposit or application.
Address details
| Neighborhood | West Salem |
|---|---|
| Zip code | 97304 |
| Type | Apartment for rent |
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Rent trends in West Salem
2-bedroom apartments at 540 Wallace Rd Nw #205 cost about 1% less than the average rent price for 2-bedroom apartments in West Salem.
Median rents as of Oct 31 2026.
West Salem
Salem
| Month | Median Rent |
|---|---|
| November 2024 | $1,453 |
| December 2024 | $1,430 |
| January 2025 | $1,411 |
| February 2025 | $1,403 |
| March 2025 | $1,413 |
| April 2025 | $1,386 |
| May 2025 | $1,396 |
| June 2025 | $1,396 |
| July 2025 | $1,395 |
| August 2025 | $1,397 |
| September 2025 | $1,399 |
| October 2025 | $1,397 |
| November 2025 | $1,404 |
| December 2025 | $1,413 |
| January 2026 | $1,410 |
| February 2026 | $1,447 |
| March 2026 | $1,418 |
| April 2026 | $1,397 |
| May 2026 | $1,395 |
| June 2026 | $1,395 |
| July 2026 | $1,402 |
| August 2026 | $1,442 |
| September 2026 | $1,431 |
| October 2026 | $1,395 |
| Month | Median Rent |
|---|---|
| November 2024 | $1,568 |
| December 2024 | $1,362 |
| January 2025 | $1,342 |
| February 2025 | $1,386 |
| March 2025 | $1,619 |
| April 2025 | $1,406 |
| May 2025 | $1,367 |
| June 2025 | $1,312 |
| July 2025 | $1,317 |
| August 2025 | $1,453 |
| September 2025 | $1,489 |
| October 2025 | $1,620 |
| November 2025 | $1,602 |
| December 2025 | $1,709 |
| January 2026 | $1,651 |
| February 2026 | $1,763 |
| March 2026 | $1,740 |
| April 2026 | $1,564 |
| May 2026 | $1,443 |
| June 2026 | $1,675 |
| July 2026 | $1,666 |
| August 2026 | $1,579 |
| September 2026 | $1,565 |
| October 2026 | $1,386 |
Affordability calculator
Can I afford to live at 540 Wallace Rd Nw #205?
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
$55,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $55,800 annually to afford this 2-bedrooms monthly rent price of $1,395.
For more information on rent affordability, visit our rent calculator.
Schools near 540 Wallace Rd Nw #205
Harritt Elementary School
2112 linwood st nw
salem, OR, 97304
K-5Public
C+
Oregon School for the Deaf
999-a locust st ne
salem, OR, 97303
K-12Public
North Santiam Options Academy
757 w locust st
stayton, OR, 97383
K-12Public
Getting around Salem near 540 Wallace Rd Nw #205
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 #205, Salem
Groceries
9/10
Wide variety of groceries within a few minutes' walk
Shopping
7/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
9/10
Wide variety of cafés within a few minutes’ walk
Restaurants
8/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
9/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
8/10
Wide variety of bars within a short drive, including some within walking distance
Explore the area around 540 Wallace Rd Nw #205
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
Goodwill
585 Edgewater St NW
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
Dutch Bros Coffee
525 Wallace Rd NW
Jamba
515 Taggart Dr NW
Dude Donut City
525 Taggart Dr NW
Starbucks
1124 Wallace Rd NW
Northblock Coffee
640 Commercial 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
Rudy's Butcher Shop LLC
337 Chemeketa St NE
Salem Baking Co, Inc
339 Court St NE
Union Street Railroad Bridge
Audubon Riparian Reserve
Edgewater Parkway
Riverfront Park
Riverfront Park Playground
Taco Bell
450 Wallace Rd NW
Jersey Mike's Subs
555 Edgewater St NW
Dutch Bros Coffee
525 Wallace Rd NW
McDonald's
570 Wallace Rd NW
Hawaiian Time
545 Wallace Rd NW
Wallace / Bassett
Edgewater Street, Wallace Road
Wallace / Taggart
Edgewater Street, Wallace Road
Taggart / Wallace
Edgewater Street, Glen Creek / Eola
Wallace / Taggart
Edgewater Street, Wallace Road
7th / Wallace
Edgewater Street
Salem
Amtrak Cascades, Coast Starlight
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