15 Lynde St
SalemMA01970
Cheap Homes for Rent in Federal Street Neighborhood of Salem, MA from $1,800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Federal Street area of Salem.
278 Lafayette St, Unit 4
278 Lafayette St
SalemMA01970
134 Boston St, Unit 1F
134 Boston 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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10 Elliott Pl
PeabodyMA01960
226 Canal St, Unit 2
226 Canal St
SalemMA01970
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
3 Hazel St, Unit 1
3 Hazel St
SalemMA01970
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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 Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Federal Street 2 Bedroom Homes for Rent | $3,207 | $2,350 | $4,600 |
| Federal Street 3 Bedroom Homes for Rent | $3,683 | $2,500 | $4,750 |
| Federal Street 4 Bedroom Homes for Rent | $3,200 | $2,650 | $4,300 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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
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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 1 Harbor priced from $1,800. Holmes Beverly has the second lowest priced unit, which is a Studio apartment currently listed from $2,000. Here are the most affordable Federal Street apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1 Harbor | 1BR/1.0BA | 1BR,1BA | $1,800 |
| Holmes Beverly | Studio | Studio,1BA | $2,000 |
| The Beverly Collection: Canvas | Link A1C | 1 Bed | 1 Bath | 1BR,1BA | $2,223 |
Best Value Apartments for Rent in Federal Street, MA
As of June 30, 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 132 North St Model at 132 North St, Unit #2 starting at $2,600 with a $1.86 price per square foot in the North 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 |
| 132 North St, Unit #2 | 132 North St | 2BR,2BA | $1.86 |
| 4 Chase St, Unit 2 | 4 Chase St | 4BR,1BA | $2.58 |
| 123 Bridge St, Unit #2 | 123 Bridge St | 2BR,1BA | $2.55 |
| 40 Moffatt Rd | 40 Moffatt Rd | 2BR,1BA | $2.42 |
| 9 Bowditch St, Unit #2 | 9 Bowditch St | 2BR,1BA | $2.40 |
| 36 Upham St, Unit #1 | 36 Upham St | 1BR,1BA | $2.30 |
| 26 Northend St, Unit #2 | 26 Northend St | 2BR,1BA | $2.40 |
| 12 1/2 Dearborn St, Unit #3 | 12 1/2 Dearborn St | 2BR,1BA | $2.59 |
| 91 Lowell St, Unit #3 | 91 Lowell St | 2BR,1BA | $2.60 |
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Frequently Asked Questions about Federal Street
What type of rentals are currently available in Federal Street?
There are currently 391 Apartments for Rent in Federal Street, MA with pricing that ranges from $1,050 to $10,079. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Federal Street ranging from $1,800 to $4,750.
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 $1,800 to $4,750 with an average monthly rent of $3,063.
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 $2,400 to $4,875, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $4,750. Four Bedroom Single-Family rentals are also available starting from $2,650 and Four Bedroom Apartments start at $2,800.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.