Apartments for Rent in Faye Wright, Salem, OR

Faye Wright, Salem apartment availability

Faye Wright's rental market offers a good selection of listings, with an average of 27 rentals available each month. The majority of rentals are 2-bedroom apartments, followed by 3-bedroom and 1-bedroom units. A notable feature of Faye Wright apartments is their pet-friendliness, with nearly 59% allowing small pets, dogs, or both. This makes the neighborhood an attractive option for renters with pets. With a range of bedroom sizes and pet-friendly amenities, Faye Wright is a versatile and appealing choice for those looking for a rental in Salem.

Faye Wright, Salem rental market trends

Faye Wright in Salem is experiencing a steady increase in rent prices, with the average monthly rent across all property types rising 5.1% year-over-year to $1,548 in 2024. The most notable increases are seen in 1-bedroom and 2-bedroom units, which have jumped 10.7% and 9% respectively, now averaging $1,430 and $1,532 per month. In contrast, studio prices have remained flat at $1,195.

The summer months, particularly June, are the most expensive time to rent in Faye Wright, with prices peaking at 11.1% higher than the lowest month, August. For renters looking for a more affordable option, August may be the best time to find a deal. Overall, Faye Wright's rental market is characterized by steady growth, with the largest units, 3-bedrooms, experiencing a modest 2.4% year-over-year increase, now averaging $2,212 per month.

Why Faye Wright, Salem is a great place to live

Faye Wright is a top choice for renters prioritizing environmental sustainability and social living. According to 2024 data, the neighborhood's focus on eco-friendly features such as non-toxic paint, waste recycling, and energy-efficient appliances make it an ideal location for those seeking a green lifestyle. The area's walk score, transit score, and proximity to parks and recreation also contribute to its high environmental sustainability score. Additionally, Faye Wright's social scene is thriving, with a strong walk score, frequent transit options, and a diverse neighborhood age distribution, making it easy to get out and connect with others. With its emphasis on community solar projects and sustainable materials construction, Faye Wright offers a unique blend of eco-conscious living and social opportunities.