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$800
Total Monthly Price12 Month Lease Term
3 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$800
Total Monthly Price
$800
1 Hathorne Cres
1 Hathorne CresSalem, MA 01970
Cheap Apartments for Rent in the Federal Street Neighborhood of Salem, MA from $600 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Federal Street area of Salem.
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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
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$1,500
Total Monthly Price12 Month Lease Term
Studio Apartment Available NowTotal Monthly Price
Base Rent
$1,500
Total Monthly Price
$1,500
17 Dunlap St, Unit 2A
17 Dunlap StSalem, MA 01970
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$1,610 - $2,070
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Contact Us For AvailabilityThe Residences at St. James
160 Federal StSalem, MA 01970
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$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.
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Studio to 1 Bedroom Apartments
Fairweather Apartments (Age 62+ Community)
40 Highland AveSalem, MA 01970
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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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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 | $2,022 | $1,500 | $2,350 |
| Federal Street 1 Bedroom Apartments | $2,499 | $1,450 | $3,995 |
| Federal Street 2 Bedroom Apartments | $2,956 | $1,600 | $4,750 |
| Federal Street 3 Bedroom Apartments | $3,003 | $800 | $4,705 |
| Federal Street 4 Bedroom Apartments | $3,375 | $3,350 | $3,400 |
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 10 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 University Square North priced from $1,750. 50 Broadway Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $1,780. Here are the most affordable Federal Street apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Square North | 0BR/1.0BA | Studio,1BA | $1,750 |
| 50 Broadway Apartment Homes | Studio A | Studio,1BA | $1,780 |
| Park Towers | 1 Bedroom Apt | 1BR,1BA | $1,900 |
Best Value Apartments for Rent in Federal Street, MA
As of December 06, 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 100 Washington St Model at 100 Washington St, Unit 26 starting at $1,950 with a $1.63 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 |
| 100 Washington St, Unit 26 | 100 Washington St | 2BR,1BA | $1.63 |
| 37 Endicott St, Unit 3 | 37 Endicott St | 2BR,1BA | $1.67 |
| 34 Central St, Unit 1 | 34 Central St | 2BR,1BA | $2.36 |
| 6 Wheeler St, Unit 1 | 6 Wheeler St | 1BR,1BA | $2.03 |
| 6 Arthur St, Unit 3 | 6 Arthur St | 2BR,1BA | $2.45 |
| University Square South | 2BR/2.0BA | 2BR,2BA | $2.75 |
| Sofi At Salem Station | McIntire | 1BR,1BA | $2.74 |
| 17 Dunlap St, Unit 2A | 17 Dunlap St | Studio ,1BA | $1.88 |
| Park Towers | 1 Bedroom Apt | 1BR,1BA | $2.53 |
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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The 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.
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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
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 University Square North listed at $1,750.
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 Park Towers.
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 $2,395 at University Square North.
What is the most affordable Federal Street Three Bedroom Apartment?
The best deal on a cheap Federal Street Three Bedroom Apartment rental is at Park Towers and starts from $3,500.
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.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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!