116 Lafayette St
SalemMA01970
Cheap Homes for Rent in the Federal Street Neighborhood of Salem, MA from $1,200 (15 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
4 Mill St, Unit 9
4 Mill St
PeabodyMA01960
4 Mill St, Unit 5
4 Mill St
PeabodyMA01960
Boston's Best Affordable Neighborhoods
Learn about Boston and the best places to live around the area with original content written by our Boston, MA Local Expert Amelia Ramstead
143 Canal St
SalemMA01970
40 Winthrop St, Unit Room in a house
40 Winthrop St
SalemMA01970
233 Lafayette St
SalemMA01970
8 Walbridge St
BostonMA02135
44 Pingree St
SalemMA01970
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
257 Washington St, Unit 11
257 Washington St
SalemMA01970
253 Washington St
SalemMA01970
10 Beaver St
SalemMA01970
15 Lynde St, Unit 26
15 Lynde St
SalemMA01970
257 Washington St
SalemMA01970
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.
Showing Results 1-15, Page 1 of 1
Federal Street, Salem, MA Local Guide
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 | $2,885 | $2,100 | $3,800 |
| Federal Street 3 Bedroom Homes for Rent | $3,586 | $2,745 | $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 15 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 1 Bed unit found at 91-93 Cabot St priced from $1,250. 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 | 1 Beds, 5 Baths | 1BR,5BA | $1,250 |
| Salem Highlands | Studio, non-renovated | Studio,1BA | $1,700 |
| University Square North | 1BR/1.0BA | 1BR,1BA | $1,995 |
| Princeton Crossing | One BR Deluxe | 1BR,1BA | $2,200 |
| Boston/Federal Street | 1BR/1.0BA | 1BR,1BA | $2,250 |
Best Value Apartments for Rent in Federal Street, MA
As of August 20, 2026 the best value apartment in the Federal Street area is the $2.00 price per square foot 74 Aborn St Model at 74 Aborn St, Unit 3 in the in the South Salem neighborhood starting from $2,400. The second greatest value Federal Street apartment is the 6 Berry St Model at 6 Berry St, Unit 1 starting at $2,280 with a $1.90 price per square foot in the South Peabody 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. |
|---|---|---|---|
| 74 Aborn St, Unit 3 | 74 Aborn St | 2BR,1BA | $2.00 |
| 6 Berry St, Unit 1 | 6 Berry St | 2BR,1BA | $1.90 |
| 100 Loring Ave, Unit 2 | 100 Loring Ave | 3BR,1BA | $2.73 |
| River Properties | 2 Bed 1 bath 70 Boston Street | 2BR,1BA | $2.81 |
| Station 101 | 2 Bed A | 2BR,2BA | $2.73 |
| 231 Washington Residences | 2 Bedroom 2 Bath - C3 | 2BR,2BA | $2.97 |
| 98 Leach St, Unit 3 | 98 Leach St | 2BR,1BA | $2.40 |
| 29 Park St, Unit 3 bedroom with 2 off street parking spaces | 29 Park St | 3BR,1BA | $2.65 |
| 256 Washington | 2BR/1.0BA | 2BR,1BA | $2.75 |
| Boston/Federal Street | 1BR/1.0BA | 1BR,1BA | $2.95 |
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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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 Federal Street
What type of rentals are currently available in Federal Street?
There are currently 383 Apartments for Rent in Federal Street, MA with pricing that ranges from $1,100 to $4,572. There are also 47 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 $2,613.
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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