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$750
Total Monthly Price12 Month Lease Term
3 Bedroom Apartment Available Aug 3Total Monthly Price
Base Rent
$750
Total Monthly Price
$750
52 Lawrence St, Unit 3rd Floor
52 Lawrence StSalem, MA 01970
Cheap Apartments for Rent in the Federal Street Neighborhood of Salem, MA from $600 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in the Federal Street area of Salem.
40R Highland Ave
SalemMA01970
37 Osborne Hill Dr
SalemMA01970
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$1,550 - $1,700
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilitySalem Heights
12 Pope 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 - $2,200
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,700 - $2,200
Total Monthly Price
$1,700 - $2,200
36 Endicott St
36 Endicott StSalem, MA 01970
33 Federal St
SalemMA01970
40 Winthrop St, Unit Room in a house
40 Winthrop St
SalemMA01970
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.
98 Margin St
SalemMA01970
8 Hersey St
SalemMA01970
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$1,995
Total Monthly Price15 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,995
Total Monthly Price
$1,995
8 Hersey St, Unit 3
8 Hersey StSalem, MA 01970
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$2,000
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Aug 1Total Monthly Price
Base Rent
$2,000
Total Monthly Price
$2,000
5 Adams St, Unit 1
5 Adams StSalem, MA 01970
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$2,000Studio Apartments Available Aug 1
233 Lafayette St, Unit 22
233 Lafayette StSalem, MA 01970
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$2,000
Plus Fees
1 Bedroom Apartments Contact Us For Availability233 Lafayette St
233 Lafayette StSalem, MA 01970
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$2,000
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$2,000
Total Monthly Price
$2,000
62 Mason St, Unit 2R
62 Mason StSalem, MA 01970
233 Lafayette St
SalemMA01970
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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$2,1001 Bedroom Apartments Available Jul 15
257 Washington St, Unit 3
257 Washington StSalem, 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
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1 to 3 Bedroom Apartments
143 Canal St
143 Canal StSalem, MA 01970
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1 Bedroom Apartments
1 Harbor
1 Harbor StSalem, 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
122 Boston
122 Boston StSalem, MA 01970
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1 Bedroom Apartments
278 Lafayette St
278 Lafayette StSalem, MA 01970
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1 Bedroom Apartments
Fairfax
176 Lafayette StSalem, MA 01970
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1 to 3 Bedroom Apartments
Park Towers
100 Washington StSalem, MA 01970
15 Lynde St
SalemMA01970
39 Smith St
MarbleheadMA01945
126 Lowell St
PeabodyMA01960
7 Home 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.
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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
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$2,000 - $2,895
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowStation 101
101 Rantoul StBeverly, MA 01915
248 Rantoul St
BeverlyMA01915
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Studio Apartments
2 Main Street
2 Main StPeabody, MA 01960
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Studio Apartments
91-93 Cabot St
91-93 Cabot StBeverly, MA 01915
4 Mill St, Unit 9
4 Mill St
PeabodyMA01960
4 Mill St, Unit 5
4 Mill St
PeabodyMA01960
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Studio to 1 Bedroom Apartments
50 Broadway Apartment Homes
50 BroadwayBeverly, MA 01915
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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1 to 2 Bedroom Apartments
Jaclen Tower
215-221 Rantoul StBeverly, MA 01915
8 Walbridge St
BostonMA02135
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Studio to 2 Bedroom Apartments
Peabody Place, LLC.
115 Lowell StPeabody, MA 01960
Showing Results 1-43, 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 | $2,092 | $1,100 | $2,669 |
| Federal Street 1 Bedroom Apartments | $2,669 | $1,550 | $3,645 |
| Federal Street 2 Bedroom Apartments | $3,080 | $1,700 | $4,982 |
| Federal Street 3 Bedroom Apartments | $2,890 | $750 | $4,900 |
| Federal Street 4 Bedroom Apartments | $7,155 | $2,800 | $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 43 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 91-93 Cabot St priced from $1,150. Salem Highlands has the second lowest priced unit, which is a Studio apartment currently listed from $1,700. Here are the most affordable Federal Street apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 91-93 Cabot St | 0 Beds, 1 Baths | Studio,1BA | $1,150 |
| Salem Highlands | Studio, non-renovated | Studio,1BA | $1,700 |
| 278 Lafayette St | 1 Beds, 1 Baths | 1BR,1BA | $1,900 |
| University Square North | 1BR/1.0BA | 1BR,1BA | $2,175 |
| Lore | ST1 | Studio,1BA | $2,299 |
Best Value Apartments for Rent in Federal Street, MA
As of July 06, 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 23 Gardner St Model at 23 Gardner St starting at $2,600 with a $1.86 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. |
|---|---|---|---|
| 84 Endicott St, Unit 1-R | 84 Endicott St | 3BR,1BA | $1.78 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 6 Berry St, Unit 1 | 6 Berry St | 2BR,1BA | $1.94 |
| 6 Cushing St, Unit 2nd floor | 6 Cushing St | 2BR,1BA | $2.17 |
| River Properties | Top Floor: 2 bed 2 bath: 28 Goodhue | 2BR,2BA | $2.75 |
| 9 Central St, Unit 9C-1 | 9 Central St | 2BR,1BA | $2.09 |
| Station 101 | 2 Bed A | 2BR,2BA | $2.68 |
| University Square South | 2BR/2.0BA | 2BR,2BA | $2.71 |
| 231 Washington Residences | 2 Bedroom 1 Bath - B3 | 2BR,1BA | $2.97 |
| 62 Mason St, Unit 2R | 62 Mason St | 1BR,1BA | $2.96 |
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 Article
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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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 #2
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 91-93 Cabot St listed at $1,150.
How much is rent for a Cheap One Bedroom Federal Street Apartment?
The lowest price for a Cheap One Bedroom Federal Street Apartment is $1,900 at 278 Lafayette St.
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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The 10 Best Affordable Neighborhoods in Boston, MA
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Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts. Getting to know your new neighborhood is one of the best parts of moving, and we’re excited to help you get started.
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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.