Rent pulse
Typical asking rent$1,531a month in Salem city
1-year change−0.4%
Source: Zillow Observed Rent Index (ZORI), typical asking rent, all homes + multifamily, smoothed, Salem city figure. Data through September 2026.
4 property managers in Salem
Tick Compare on up to 3 companies to see them side by side and request quotes from all of them at once.
Show only:
-
Hometown Holdings
★ Highly Recommended · 100+ reviews4.8★ from 467 Google reviews; newest reviews average 4.9★. Score = rating adjusted for review count. Read all reviews on Google110 E 1st St, Salem, VA 24153
Hometown Holdings is a Salem company that has provided property management across the Roanoke Valley since 2015, leasing and managing rental homes and apartments.
Review summary: Most reviewers mention polite, professional staff, thorough inspections and quick repairs.
-
540Rentals.com
1623 E Main St Ste A, Salem, VA 24153
540Rentals.com is a Salem company managing rental homes across the Roanoke Valley, including Roanoke, Vinton, Daleville, Troutville and Rocky Mount, with rent collection, maintenance, inspections and free rental analysis.
In their words: “At 540Rentals.com, we understand that every property owner has a unique management approach.”
Review summary: Reviewers mention quick replies to owner questions and a team that handles all aspects of managing their rentals.
-
JMAX Property Management
625 Florida St, Salem, VA 24153
JMAX Property Management is a Salem company with houses and apartments for rent, managing residential rentals in Roanoke, Roanoke County, Salem and Cave Spring with marketing, screening, rent collection, maintenance, inspections and financial reporting.
In their words: “Additionally, we work to ensure regular property inspections, so that problems are identified before they become costly emergency repairs.”
Review summary: Reviewers often mention quick, polite maintenance staff, timely repairs and a helpful leasing team.
-
Roanoke Rental Homes
16 S College Ave, Salem, VA 24153
Roanoke Rental Homes is a Salem company leasing single-family homes, apartments and multi-unit properties in Roanoke and Salem, with online rent payment, maintenance and an owner portal.
In their words: “We offer a variety of quality rental properties throughout Roanoke and the surrounding communities, with options to fit different lifestyles and budgets.”
No company matches all of these filters.
The map needs JavaScript. Every company's address is in its card.
Pins show office addresses; numbers match the Best match order. Companies that don't publish an address are listed as "Serves the Salem area" and get no pin.
Salem rental market
Get the latest rental and real estate data on the Salem market. We update these charts with the latest data on the 22nd of each month. Zillow has no figure for Salem itself, so these are Salem city figures.
12-month momentum
Rent rose in 7 of the last 12 months: −$6 in all since Oct 2025.
O
N
D
J
F
M
A
M
J
J
A
S
Green: rent went up that month. Grey: it went down.
Source: Zillow Observed Rent Index (ZORI), typical asking rent, all homes + multifamily, smoothed, Salem city figure. Data through September 2026.
Rent over time
Salem city
Source: Zillow Observed Rent Index (ZORI), typical asking rent, all homes + multifamily, smoothed, Salem city figure. Data through September 2026.
Rental income growth calculator
Past growth, not a forecast. Rents can go down as well as up. Your own rent depends on the home, its condition and the lease.
Source: Zillow Observed Rent Index (ZORI), typical asking rent, all homes + multifamily, smoothed, Salem city figure. Data through September 2026.
Rent in nearby cities
| City | Typical rent | 1 year | Managers |
|---|---|---|---|
| Blacksburg | $1,910 | +4.3% | 8 |
| Forest | $1,574 | +1.7% | 4 |
| Midlothian | $2,028 | +3.6% | 4 |
| Richmond | $1,628 | +2.6% | 31 |
| Lakeside | $2,333 | 3 | |
| Glen Allen | $2,022 | +1.8% | 5 |
Source: Zillow Observed Rent Index (ZORI), typical asking rent, data through September 2026. Managers listed: our directory, October 2026.
More local facts for owners
Renters and vacancy
37.2%of homes in Salem are rented (3,815 households)
- Rental vacancy rate
- 6.1%
- County vacancy rate
- 6.1%
- Median rent paid
- $1,133
- Median home value
- $258,600
Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2020-2024.
HUD Fair Market Rents
Source: U.S. Department of Housing and Urban Development, Fair Market Rents for fiscal year 2027, Roanoke, VA HUD Metro FMR Area. Used to set Housing Choice Voucher (Section 8) limits.
Where Salem managers also work
Areas the companies on this page list on their own websites. Linked places have their own page.
Questions to ask before you hire
Ask every manager the same questions and get the answers in writing, so you can compare quotes fairly.
Tick them off as you go. Nothing here is saved or sent.
Property management in Salem
Compare the 4 property management companies in Salem, Salem city. Tick up to 3 to see them side by side, then request free quotes from all of them in one step. Highly rated managers based nearby, in Cave Spring and Roanoke, are listed below the local companies.
Zillow has no rent figure for Salem itself. Zillow's typical asking rent in Salem city as a whole is $1,531 (September 2026); −0.4% over the past year. About 37.2% of homes in Salem are rented, and the rental vacancy rate is 6.1% (Census, 2020-2024).
Salem property management FAQ
How many property management companies are in Salem?
We list 4 property management companies in Salem, VA.
What is the typical rent in Salem?
Zillow's typical asking rent in Salem city (Zillow has no figure for Salem itself) was $1,531 a month in September 2026, −0.4% on a year earlier.
How much do property managers charge in Salem?
Fees depend on the company, the property and the services you need, and few companies publish them. Ask for a written quote that lists the monthly fee, leasing fee and any other charges. You can request quotes from up to 3 managers at once on this page.
How do you rank the companies?
The default order, Best match, uses each company's Google rating adjusted for how many reviews it has, so a 4.8 rating from 100 reviews ranks above a 5.0 from 2. No company can pay for its position.
Is it free to request quotes?
Yes. Requesting quotes is free for property owners and there is no obligation to hire anyone.