Salem Property Management

Earn more and stress less with all the tools + expert services you need to manage your rental property in Salem.

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See why thousands of homeowners love being part of the Nomad community

$250M+

Total rent guaranteed

10,000+

Owners served

Oregon rental market

What Nomad homes rent for in Oregon

$2,498

Median rent, 3-bed

22 days

Median time to lease

Median rent achieved and median time from listing to signed lease, for homes leased through Nomad in Oregon over the last three years.

About Nomad

Nomad makes it easy to rent your Salem long-term property and provides financial certainty with guaranteed rent and $500k in property protection. With flexible marketing services, you can choose how involved you want to be in marketing the property and finding tenants. Plus, all owners get access to the owner’s portal where you can track earnings, manage maintenance requests and more!

Renting in Salem

Salem is about 44% renters, and 58% of its housing is single-family detached, according to the U.S. Census Bureau's 2020–2024 American Community Survey. Half the homes were built before 1981. The median renter household pays $1,400 a month including utilities, a figure that includes apartments, so price a house against comparable houses nearby. Oregon has some of the more detailed state rental rules in the country, including limits on ending a tenancy after the first year.

The Nomad Difference

Guaranteed Rent for Salem landlords

Investment properties can be risky. Grow your wealth worry free with the best landlord financial protections in the industry. Only Nomad offers Guaranteed Rent, $500,000 of Property Protection, and Rent Advance.

"Nomad was incredibly helpful in talking us through the options and mapping out the financial implications for our potential scenarios."

Lauren

Nomad Homeowner since 2020

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Oregon rules every landlord should know

Security deposit limit: No statutory limit
Deposit return deadline: 31 days after the tenancy ends and the tenant moves out, with a written accounting for any deductions
Late fee limit: Only if in the written lease, and only if rent is unpaid by day 4; a reasonable flat fee, a daily fee up to 6% of that, or 5% of rent per 5 days late
Notice before entering: 24 hours, except in an emergency or for repairs the tenant asked for in writing
Notice to end a month-to-month lease: 30 days in the first year; after that, only for tenant cause or a qualifying landlord reason, usually with 90 days' notice (landlords with 5 or more units also pay 1 month's rent)

Reviewed October 2026. General information, not legal advice.

“Nomad has made renting my home out very easy. As a first-time landlord, it's great to have the reassurance they provide with their support team and guaranteed rent. The Nomad team went above and beyond when I called in with a unique need.”

Jacob D.

Oregon · since 2026