40R Highland Ave
SalemMA01970
Cheap Apartments for Rent in the Federal Street Neighborhood of Salem, MA from $600 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in the Federal Street area of Salem.
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$1,4001 Bedroom Apartments Available Now
10 Howard St, Unit 3
10 Howard StSalem, MA 01970
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$1,4001 Bedroom Apartments Available Now
10 Howard St, Unit 2
10 Howard StSalem, MA 01970
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$1,4001 Bedroom Apartments Available Now
10 Howard St, Unit 1
10 Howard StSalem, MA 01970
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$1,450 - $1,600
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilitySalem Heights
12 Pope StSalem, MA 01970
37 Osborne Hill Dr
SalemMA01970
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$1,700
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Jun 1Total Monthly Price
Base Rent
$1,700
Total Monthly Price
$1,700
13 Lemon St, Unit Lemon St, Unit Lemon St
13 Lemon StSalem, MA 01970
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$1,700 - $2,500
Plus Fees
Studio to 2 Bedroom Apartments Available NowSalem Highlands
84 Highland AveSalem, MA 01970
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$1,700
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Jun 1Total Monthly Price
Base Rent
$1,700
Total Monthly Price
$1,700
41 English St, Unit Rear, Unit Rear
41 English StSalem, MA 01970
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
366 Essex St
SalemMA01970
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$1,800
Plus Fees
1 Bedroom Apartments Contact Us For AvailabilityHistoric 1 Harbor St
1 Harbor StSalem, MA 01970
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$1,900
Plus Fees
1 Bedroom Apartments Contact Us For Availability260 Washington Apartments – Modern Living in the Heart of Salem
260 Washington StSalem, MA 01970
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$1,900Studio Apartments Available Jul 1
233 Lafayette St, Unit 11
233 Lafayette StSalem, MA 01970
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$1,995
Total Monthly Price15 Month Lease Term
2 Bedroom Apartment Available Jun 15Total Monthly Price
Base Rent
$1,995
Total Monthly Price
$1,995
8 Hersey St, Unit 3, Unit 3
8 Hersey StSalem, MA 01970
8 Hersey St
SalemMA01970
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$2,1001 Bedroom Apartments Available Jun 1
257 Washington St, Unit 3
257 Washington StSalem, MA 01970
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Rent Specials
$2,150 - $2,550
Plus Fees
1 to 2 Bedroom Apartments Available Jun 22Princeton Crossing
12 Heritage DrSalem, MA 01970
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$2,1751 Bedroom Apartments Available Aug 2
8 Hancock St, Unit 1L
8 Hancock StSalem, 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.
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$2,1751 Bedroom Apartments Available Sep 1
257 Washington St, Unit 16
257 Washington StSalem, MA 01970
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$2,2001 Bedroom Apartments Available Now
17 Pickman St, Unit 5
17 Pickman StSalem, MA 01970
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$2,275
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Jul 1Total Monthly Price
Base Rent
$2,275
Total Monthly Price
$2,275
30 Gardner St, Unit 2, Unit 2
30 Gardner StSalem, MA 01970
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Rent Specials
$2,278 - $3,475
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,278 - $3,475
Total Monthly Price
Varies
Traders Row
45 Traders WaySalem, MA 01970
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Studio to 1 Bedroom Apartments
Fairweather Apartments (Age 62+ Community)
40 Highland AveSalem, MA 01970
116 Lafayette St
SalemMA01970
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Studio to 2 Bedroom Apartments
The Residences at St. James
160 Federal StSalem, MA 01970
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Studio to 3 Bedroom Apartments
The Lighthouses
34 Peabody StSalem, MA 01970
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1 Bedroom Apartments
327 Jefferson Ave
327 Jefferson AveSalem, MA 01970
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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1 to 3 Bedroom Apartments
143 Canal St
143 Canal StSalem, MA 01970
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1 Bedroom Apartments
Residences at Lafayette LLC- 176 Lafayette
176 Lafayette StSalem, MA 01970
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1 to 3 Bedroom Apartments
122 Boston
122 Boston StSalem, MA 01970
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1 to 3 Bedroom Apartments
Park Towers
100 Washington StSalem, MA 01970
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1 to 3 Bedroom Apartments
River Rock Residences
92 Boston StSalem, MA 01970
45 Broad St
SalemMA01970
15 Lynde St
SalemMA01970
126 Lowell St
PeabodyMA01960
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Rent Specials
$1,925 - $2,575
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Contact Us For AvailabilityTerrace Gardens
2 Esquire DrPeabody, MA 01960
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.
15 River St
BeverlyMA01915
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Rent Specials
$2,245 - $3,000
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowStation 101
101 Rantoul StBeverly, MA 01915
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$2,250
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$2,250
Total Monthly Price
$2,250
6 Berry St, Unit 1, Unit 1
6 Berry StPeabody, MA 01960
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Studio Apartments
2 Main Street
2 Main StPeabody, MA 01960
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Studio to 1 Bedroom Apartments
50 Broadway Apartment Homes
50 BroadwayBeverly, MA 01915
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1 to 2 Bedroom Apartments
Jaclen Tower
215-221 Rantoul StBeverly, MA 01915
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Studio to 2 Bedroom Apartments
Peabody Place, LLC.
115 Lowell StPeabody, MA 01960
148 Washington St
PeabodyMA01960
15 Ives St, Unit 6, Unit 6
15 Ives St
BeverlyMA01915
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.
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1 to 2 Bedroom Apartments
39 Railroad
39 Railroad AveBeverly, MA 01915
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1 Bedroom Apartments
62 Cabot
62 Cabot StBeverly, MA 01915
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2 Bedroom Apartments
Gardner Commons
22 Pulaski StPeabody, MA 01960
Showing Results 1-48, Page 1 of 1
Federal Street, Salem, MA Local Guide
How much does it cost to rent an apartment in Federal Street?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Federal Street Studio Apartments | $2,178 | $1,100 | $3,989 |
| Federal Street 1 Bedroom Apartments | $2,582 | $1,400 | $3,715 |
| Federal Street 2 Bedroom Apartments | $3,090 | $1,600 | $5,164 |
| Federal Street 3 Bedroom Apartments | $3,043 | $2,795 | $3,300 |
| Federal Street 4 Bedroom Apartments | $6,014 | $3,600 | $10,000+ |
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 48 rentals with your search options within a 2 mile radius of the Federal Street Neighborhood of Salem, MA.
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Federal Street, Salem, MA Local Guide
- Nearby Salem neighborhoods
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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 Salem Highlands priced from $1,700. Historic 1 Harbor St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,800. Here are the most affordable Federal Street apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Salem Highlands | Studio, non-renovated | Studio,1BA | $1,700 |
| Historic 1 Harbor St | 1BR/1.0BA | 1BR,1BA | $1,800 |
| Station 101 | 1 Bed | 1BR,1BA | $2,245 |
| Princeton Crossing | Dog Friendly Two Bedroom Standard | 2BR,1BA | $2,400 |
| Hawthorne Commons | The McIntire | 1BR,1BA | $2,433 |
| Lore | ST1 | Studio,1BA | $2,447 |
| Holmes Beverly | 1 Bed 1 Bath | 1BR,1BA | $2,600 |
Best Value Apartments for Rent in Federal Street, MA
As of May 21, 2026 the best value apartment in the Federal Street area is the $1.78 price per square foot 84 Endicott St Model at 84 Endicott St, Unit 1-R in the in the South Peabody neighborhood starting from $3,200. The second greatest value Federal Street apartment is the 6 March St Model at 6 March St, Unit 6 March St starting at $3,600 with a $2.40 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. |
|---|---|---|---|
| 84 Endicott St, Unit 1-R | 84 Endicott St | 3BR,1BA | $1.78 |
| 6 March St, Unit 6 March St | 6 March St | 4BR,1BA | $2.40 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 13 Becket St, Unit 2 | 13 Becket St | 2BR,1BA | $1.91 |
| 48 Balcomb St, Unit 2 | 48 Balcomb St | 3BR,1BA | $2.39 |
| 6 Berry St, Unit 1 | 6 Berry St | 2BR,1BA | $1.88 |
| Grove Street Landing | 2D | 2BR,2BA | $2.78 |
| River Properties | 2 Bed 1 bath | 2BR,1BA | $2.69 |
| Traders Row | B2C | 2BR,2BA | $2.94 |
| University Square South | 2BR/2.0BA | 2BR,2BA | $2.68 |
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.
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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.
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Pet Friendly LifestyleFederal Street, Salem, MA
Ranked #3
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 Salem Highlands listed at $1,700.
How much is rent for a Cheap One Bedroom Federal Street Apartment?
The lowest price for a Cheap One Bedroom Federal Street Apartment is $1,975 at Salem Highlands.
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 $2,400 at Salem Highlands.
Expert Rental Resources
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.
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