116 Lafayette St
SalemMA01970
Cheap Homes for Rent in Federal Street Neighborhood of Salem, MA from $1,200 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Federal Street area of Salem.
37 Osborne Hill Dr
SalemMA01970
39 Smith St
MarbleheadMA01945
15 Lynde 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.
3 Hazel St, Unit 3
3 Hazel St
SalemMA01970
29 Tracey St
PeabodyMA01960
131 Essex St
SalemMA01970
11 Church 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.
9 Andrew St, Unit 16
9 Andrew St
SalemMA01970
Showing Results 1-9, 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 a home in Federal Street?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Federal Street 2 Bedroom Homes for Rent | $2,833 | $2,200 | $3,950 |
| Federal Street 3 Bedroom Homes for Rent | $3,920 | $3,200 | $5,000 |
| Federal Street 4 Bedroom Homes for Rent | $3,100 | $2,900 | $3,300 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 9 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 50 Broadway Apartment Homes priced from $1,430. University Square North has the second lowest priced unit, which is a Studio apartment currently listed from $1,950. Here are the most affordable Federal Street apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 50 Broadway Apartment Homes | Studio A | Studio,1BA | $1,430 |
| University Square North | 0BR/1.0BA | Studio,1BA | $1,950 |
| University Square South | 0BR/1.0BA | Studio,1BA | $2,000 |
Best Value Apartments for Rent in Federal Street, MA
As of September 16, 2025 the best value apartment in the Federal Street area is the $2.25 price per square foot 12 Folger Ave Model at 12 Folger Ave, Unit 3 in the in the Centerville neighborhood starting from $3,800. 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. |
|---|---|---|---|
| 12 Folger Ave, Unit 3 | 12 Folger Ave | 3BR,1BA | $2.25 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 327 Lafayette St | 327 Lafayette St | 3BR,1BA | $2.49 |
| 13 Raymond Rd, Unit Unite # 1 | 13 Raymond Rd | 2BR,1.5BA | $2.17 |
| 37 Endicott St, Unit 3 | 37 Endicott St | 2BR,1BA | $2.08 |
| 10 Porter Street Ct | 10 Porter Street Ct | 3BR,1BA | $2.86 |
| River Properties | 313 North River Apartments | 2BR,1BA | $2.67 |
| 231 Washington Residences | 2 Bedroom 2 Bath - C1 | 2BR,2BA | $2.83 |
| 22 Railroad Ave, Unit 2 | 22 Railroad Ave | 1BR,1BA | $2.61 |
| 19 Nichols St, Unit 19 Nichols ST unit #3 | 19 Nichols St | 2BR,1BA | $2.78 |
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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
Frequently Asked Questions about Federal Street
What type of rentals are currently available in Federal Street?
There are currently 379 Apartments for Rent in Federal Street, MA with pricing that ranges from $1,350 to $15,390. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Federal Street ranging from $1,250 to $5,000.
What is the current price range for Rental Homes in Federal Street?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Federal Street ranges from $1,250 to $5,000 with an average monthly rent of $2,660.
How much are larger Three and Four Bedroom Rentals in Federal Street?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Federal Street range from $2,188 to $4,795, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,200 to $5,000. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $3,400.
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.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.