116 Lafayette St
SalemMA01970
Cheap Homes for Rent in Federal Street Neighborhood of Salem, MA from $1,200 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Federal Street area of Salem.
39 Smith St
MarbleheadMA01945
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24 Norman St
SalemMA01970
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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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11 Church St
SalemMA01970
86 Main St
PeabodyMA01960
116 Rantoul St
BeverlyMA01915
28 Eden 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.
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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 a home in Federal Street?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Federal Street 2 Bedroom Homes for Rent | $3,009 | $2,300 | $4,000 |
| Federal Street 3 Bedroom Homes for Rent | $3,975 | $3,500 | $4,500 |
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 11 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
- 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 15, 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 B | 2BR,2BA | $2.75 |
| 6 Arthur St, Unit 3 | 6 Arthur St | 2BR,1BA | $2.60 |
| 322 Jefferson Ave, Unit 1 | 322 Jefferson Ave | 2BR,2BA | $2.75 |
| 19 Nichols St, Unit 19 Nichols ST unit #3 | 19 Nichols St | 2BR,1BA | $2.78 |
| Sofi At Salem Station | McIntire | 1BR,1BA | $2.81 |
| Hawthorne Commons | The Chestnut | 1BR,1BA | $2.87 |
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 #1
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 375 Apartments for Rent in Federal Street, MA with pricing that ranges from $1,350 to $4,750. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Federal Street ranging from $1,250 to $4,500.
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 $4,500 with an average monthly rent of $2,581.
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.