Apartment for rent

$1,450/moFees may apply

540 Wallace Rd NW, # 205, Salem, OR 97304

2beds

986sqft

Price may not include required fees and charges. Learn more|

Apartment

Available now

Cats, small dogs OK

Hookups laundry

Electric

Contact manager for more details about this home.

What's special

Carport parkingCarpet and vinyl flooring

Invest West Management 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 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.

19 days

--

--

Zillow last checked: 10 hours ago

Listing updated: August 14, 2026 at 03:08pm

Travel times

Let’s turn your rent into credit progress

Build credit history with every on-time payment and get credit for the payment you’re already making.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Heating

Electric

Appliances

Included: Garbage Disposal, washerDryerHookups
Laundry: Hookups

Interior area

Total interior livable area: 986 sqft

Property

Parking

Details: Contact manager

Features

Exterior features: 12 month lease prefered, 12 month lease preferred, Carpet/Vinyl, Carport, Carports, Cats okay with $500.00 Deposit, Ceiling Fan In Dinning Area, Ceiling Fan in Dinning Area, Clubhouse/Fitness Center, Indoor cats and dogs under 20lbs are ok, Living/Dining/Kitchen Area, No Smoking in units or within 40 feet from all buildings, No Smoking within 25' of any building on the property, No smoking within 40 feet of building, Non-Smoking unit, Pet Screening is mandatory before approval, Pet screening is mandatory before approval, Photo Disclosure: Photos may be of a smilar unit, Photos are of a simular unit, Range/Refrigerator/Dishwasher, Range/Refrigerator/Dishwasher/Disposal, Range/Refrigerator/Dishwasher/Garbage Disposal, Small pets welcome $500.00 Deposit, Water/Sewer/Garbage is included in rent, Water/Sewer/Garbage/Landscaping, carpet/vinyl, living/dining/kitchen, water/sewer/garbage/landscaping

Construction

Type & style

Home type: Apartment
Property subtype: Apartment

Utilities & green energy

Utilities for property: Garbage, Sewage, Water

Building

Details

Building name: WALLACE PARK APARTMENTS (03)

Management

Pets allowed: Yes

Community & HOA

Community

Features: Clubhouse, Fitness Center, Park

HOA

Amenities included: Clubhouse, Fitness Center, Insurance, Laundry, Park, Security

Location

Region: Salem

Financial & listing details

Lease term: Contact For Details

Price history

Rent Zestimate®

Rental Market Summary

Date	Event	Price
7/21/2026	Price change	$1,450+3.6%$1/sqft
Source: Zillow Rentals Report a problem
6/15/2026	Listed for rent	$1,400$1/sqft
Source: Zillow Rentals Report a problem
6/2/2026	Listing removed	$1,400$1/sqft
Source: Zillow Rentals Report a problem
3/27/2026	Price change	$1,400+5.7%$1/sqft
Source: Zillow Rentals Report a problem
3/23/2026	Listed for rent	$1,325+2.3%$1/sqft
Source: Zillow Rentals Report a problem
2/1/2025	Listing removed	$1,295$1/sqft
Source: Zillow Rentals Report a problem
1/14/2025	Price change	$1,295-4.1%$1/sqft
Source: Zillow Rentals Report a problem
11/21/2024	Listed for rent	$1,350$1/sqft
Source: Zillow Rentals Report a problem
10/30/2024	Listing removed	$1,350$1/sqft
Source: Zillow Rentals Report a problem
10/9/2024	Listed for rent	$1,350$1/sqft
Source: Zillow Rentals Report a problem