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Salem Heights
12 Pope StSalem, MA 01970
Cheap Apartments for Rent in the Federal Street Neighborhood of Salem, MA from $900 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Federal Street area of Salem.
21 Harbor St
SalemMA01970
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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from $1,610Studio to 2 Bedroom Apartments Available Oct 15
The Residences at St. James
160 Federal StSalem, MA 01970
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from $1,7004 Bedroom Apartment Available Jul 8
48 School St, Unit Salem Street
48 School StSalem, MA 01970
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from $1,700Studio to 2 Bedroom Apartments Contact Us For Availability
Salem Highlands
84 Highland AveSalem, MA 01970
160 Federal St
SalemMA01970
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
16 Turner St
SalemMA01970
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104.5 Boston St
SalemMA01970
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Studio to 1 Bedroom Apartments
Fairweather Apartments (Age 62+ Community)
40 Highland AveSalem, MA 01970
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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from $1,8001 to 2 Bedroom Apartments Contact Us For Availability
Terrace Gardens
2 Esquire DrPeabody, MA 01960
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Showing Results 1-17, Page 1 of 1
Federal Street, Salem, MA Local Guide
Salem Common by Diego Brito is licensed under CC BY 2.0
How much does it cost to rent an apartment in Federal Street?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Federal Street Studio Apartments | $2,191 | $1,050 | $2,826 |
| Federal Street 1 Bedroom Apartments | $2,624 | $1,350 | $5,813 |
| Federal Street 2 Bedroom Apartments | $3,129 | $1,500 | $10,000+ |
| Federal Street 3 Bedroom Apartments | $3,253 | $2,400 | $4,875 |
| Federal Street 4 Bedroom Apartments | $2,808 | $1,700 | $3,250 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Federal Street Neighborhood of Salem, MA.
See all Apartments in SalemExplore Salem
Federal Street, Salem, MA Local Guide
- Nearby Salem neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Federal Street Apartments for Rent
The cheapest available apartment rental in the Federal Street area of Boston, MA is a 1 Bed unit found at 1 Harbor priced from $1,800. Holmes Beverly has the second lowest priced unit, which is a Studio apartment currently listed from $2,000. Here are the most affordable Federal Street apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1 Harbor | 1BR/1.0BA | 1BR,1BA | $1,800 |
| Holmes Beverly | Studio | Studio,1BA | $2,000 |
| Princeton Crossing | One BR Deluxe | 1BR,1BA | $2,200 |
| The Beverly Collection: Canvas | Link A1C | 1 Bed | 1 Bath | 1BR,1BA | $2,244 |
Best Value Apartments for Rent in Federal Street, MA
As of July 07, 2025 the best value apartment in the Federal Street area is the $1.21 price per square foot 1 Dennis St Model at 1 Dennis St, Unit 2 in the in the North Salem neighborhood starting from $2,400. The second greatest value Federal Street apartment is the 13 Lovett St Model at 13 Lovett St starting at $3,300 with a $1.80 price per square foot in the Centerville neighborhood. Here is today’s list of the best values for Federal Street apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1 Dennis St, Unit 2 | 1 Dennis St | 2BR,1BA | $1.21 |
| 13 Lovett St | 13 Lovett St | 2BR,1BA | $1.80 |
| 355 Jefferson Ave, Unit 2 | 355 Jefferson Ave | 4BR,1BA | $1.81 |
| 18 Mount Vernon St | 18 Mount Vernon St | 3BR,1.5BA | $1.98 |
| 25 Hazel St, Unit 2 | 25 Hazel St | 3BR,1BA | $2.16 |
| 16 Mason St, Unit 2 | 16 Mason St | 3BR,1BA | $2.00 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 132 North St, Unit #2 | 132 North St | 2BR,2BA | $1.86 |
| 26 Geneva St, Unit 2 | 26 Geneva St | 2BR,1BA | $1.81 |
| 104 Boston St, Unit 2 | 104 Boston St | 2BR,1BA | $1.76 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleFederal Street, Salem, MA
Ranked #9
Among neighborhoods in Salem, MA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Getting Around the Federal Street Neighborhood in Salem, MA
Walk Score®
90 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
68 / 100
Bikeable
Some bike infrastructure
Transit Score®
37 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Federal Street Apartments
What is the Cheapest Studio apartment in Federal Street?
Currently the most affordable Cheap Studio Apartment in Federal Street is at Holmes Beverly listed at $2,000.
How much is rent for a Cheap One Bedroom Federal Street Apartment?
The lowest price for a Cheap One Bedroom Federal Street Apartment is $1,800 at 1 Harbor.
What is the lowest price for a Cheap Two Bedroom Federal Street Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Federal Street is starting from $2,300 at 256 Washington.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
The 10 Best Affordable Neighborhoods in Boston, MA
Written by: Amelia Ramstead
Boston is known for its exciting combination of early American history and modern high-tech universities and employers.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.