close
View Me
$1,350 - $1,500
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilitySalem Heights
12 Pope StSalem, MA 01970
Cheap Apartments for Rent in the Federal Street Neighborhood of Salem, MA from $600 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Federal Street area of Salem.
close
View Me
15 Lynde St
SalemMA01970
close
View Me
$1,610 - $2,070
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowThe Residences at St. James
160 Federal StSalem, MA 01970
close
View Me
$1,700 - $2,500
Plus Fees
Studio to 2 Bedroom Apartments Contact Us For AvailabilitySalem Highlands
84 Highland AveSalem, MA 01970
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
close
View Me
Studio to 1 Bedroom Apartments
Fairweather Apartments (Age 62+ Community)
40 Highland AveSalem, MA 01970
close
View Me
close
View Me
close
View Me
68 Cabot St
BeverlyMA01915
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.
close
View Me
Showing Results 1-11, 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 Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Federal Street Studio Apartments | $2,084 | $1,610 | $2,350 |
| Federal Street 1 Bedroom Apartments | $2,483 | $1,350 | $3,995 |
| Federal Street 2 Bedroom Apartments | $2,978 | $1,500 | $4,750 |
| Federal Street 3 Bedroom Apartments | $3,068 | $2,300 | $4,705 |
| Federal Street 4 Bedroom Apartments | $2,950 | $2,950 | $2,950 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 11 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 Studio unit found at The Residences at St. James priced from $1,610. University Square North has the second lowest priced unit, which is a Studio apartment currently listed from $1,750. Here are the most affordable Federal Street apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Residences at St. James | Studio 60% | Studio,1BA | $1,610 |
| University Square North | 0BR/1.0BA | Studio,1BA | $1,750 |
| 50 Broadway Apartment Homes | Studio A | Studio,1BA | $1,780 |
| University Square South | 0BR/1.0BA | Studio,1BA | $1,900 |
| Princeton Crossing | Dog Friendly One Bedroom Standard | 1BR,1BA | $1,945 |
Best Value Apartments for Rent in Federal Street, MA
As of November 08, 2025 the best value apartment in the Federal Street area is the $1.86 price per square foot 23 Gardner St Model at 23 Gardner St in the in the South Salem neighborhood starting from $2,600. The second greatest value Federal Street apartment is the 37 Endicott St Model at 37 Endicott St, Unit 3 starting at $2,000 with a $1.67 price per square foot in the South Salem 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. |
|---|---|---|---|
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 37 Endicott St, Unit 3 | 37 Endicott St | 2BR,1BA | $1.67 |
| 34 Central St, Unit 1 | 34 Central St | 2BR,1BA | $2.36 |
| 38 Salem St, Unit 10 | 38 Salem St | 4BR,1BA | $2.84 |
| Station 101 | 2 Bed A | 2BR,2BA | $2.73 |
| 6 Arthur St, Unit 3 | 6 Arthur St | 2BR,1BA | $2.60 |
| 22 Railroad Ave, Unit 2 | 22 Railroad Ave | 1BR,1BA | $2.45 |
| 19 Nichols St, Unit 19 Nichols ST unit #3 | 19 Nichols St | 2BR,1BA | $2.78 |
| 44 Belleview Ave, Unit Belleview Lower Unit | 44 Belleview Ave | 2BR,1BA | $2.67 |
| 14 Endicott St, Unit 2 | 14 Endicott St | 2BR,1BA | $2.39 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Let everyone know!
Do you know the Federal Street area?
If you’re an expert on all things Federal Street, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleFederal Street, Salem, MA
Ranked #9
Among cities in Massachusetts 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 a cheap apartment in Federal Street?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Federal Street is under $2,200.
What is the price of a cheap apartment in Federal Street?
The cheapest apartment in Federal Street is The Residences at St. James which is listed at $1,725, while the average apartment in Federal Street costs $2,950.
What types of apartments are the cheapest in Federal Street?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Federal Street that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Federal Street?
Cheap apartments in Federal Street have an average cost of $134 which is $2,816 cheaper than the average rent for all rentals in Federal Street.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.