37 Osborne Hill Dr
SalemMA01970
Cheap Homes for Rent in Federal Street Neighborhood of Salem, MA from $1,400 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Federal Street area of Salem.
25 Washington St
BeverlyMA01915
233 Lafayette St
SalemMA01970
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
233 Lafayette St
SalemMA01970
278 Lafayette St
SalemMA01970
29 Ocean Ave
SalemMA01970
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
23 Park St
SalemMA01970
233 Lafayette St
SalemMA01970
23 Park St
SalemMA01970
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
16 Lemon St
SalemMA01970
116-128 Rantoul St
BeverlyMA01915
120 Washington St
SalemMA01970
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
Showing Results 1-12, 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 Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Federal Street 2 Bedroom Homes for Rent | $3,226 | $2,200 | $4,800 |
| Federal Street 3 Bedroom Homes for Rent | $3,411 | $2,600 | $4,000 |
| Federal Street 4 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
| Federal Street 5 Bedroom Homes for Rent | $3,750 | $3,750 | $3,750 |
Browse Homes for Rent in this Neighborhood
There are currently 12 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 Princeton Crossing priced from $2,170. Holmes Beverly has the second lowest priced unit, which is a Studio apartment currently listed from $2,200. Here are the most affordable Federal Street apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Princeton Crossing | One BR Deluxe | 1BR,1BA | $2,170 |
| Holmes Beverly | Studio | Studio,1BA | $2,200 |
| The Beverly Collection: Canvas | Link A1C | 1 Bed | 1 Bath | 1BR,1BA | $2,220 |
| The Beverly Collection: Flats at 131 | Flats at 131 A1A | 1 Bed | 1 Bath | 1BR,1BA | $2,350 |
Best Value Apartments for Rent in Federal Street, MA
As of May 10, 2025 the best value apartment in the Federal Street area is the $0.25 price per square foot 6 Lemon St Model at 6 Lemon St, Unit 2 in the in the North Salem neighborhood starting from $2,500. 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. |
|---|---|---|---|
| 6 Lemon St, Unit 2 | 6 Lemon St | 2BR,1BA | $0.25 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 73 School St, Unit #3 | 73 School St | 2BR,1BA | $2.00 |
| 11 Forrester St, Unit 1 | 11 Forrester St | 3BR,2BA | $2.69 |
| Vavel Apartments | A3 | 2BR,2BA | $2.77 |
| Sofi At Salem Station | Derby | 2BR,2BA | $2.79 |
| 12 Willson St, Unit 12 Willson | 12 Willson St | 1BR,1BA | $1.80 |
| 36 Upham St, Unit #1 | 36 Upham St | 1BR,1BA | $2.30 |
| 26 Northend St, Unit #2 | 26 Northend St | 2BR,1BA | $2.40 |
| 21 N Central St, Unit #2 | 21 N Central St | Studio ,1BA | $2.76 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Federal Street
What type of rentals are currently available in Federal Street?
There are currently 368 Apartments for Rent in Federal Street, MA with pricing that ranges from $1,050 to $10,001. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Federal Street ranging from $1,499 to $4,800.
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 $1,499 to $4,800 with an average monthly rent of $3,103.
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 $2,650 to $3,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,600 to $4,000. Four Bedroom Single-Family rentals are also available starting from $3,200 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.
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.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.