40R Highland Ave
SalemMA01970
Cheap Apartments for Rent in the Federal Street Neighborhood of Salem, MA from $900 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Federal Street area of Salem.
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from $1,3501 to 2 Bedroom Apartments Contact Us For Availability
Salem Heights
12 Pope StSalem, MA 01970
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from $1,700Studio to 2 Bedroom Apartments Contact Us For Availability
Salem Highlands
84 Highland AveSalem, MA 01970
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from $1,8001 Bedroom Apartment Available Apr 30
12 Willson St, Unit 12 Willson
12 Willson StSalem, MA 01970
6 School St
SalemMA01970
233 Lafayette St
SalemMA01970
233 Lafayette St
SalemMA01970
233 Lafayette St
SalemMA01970
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Studio to 1 Bedroom Apartments
Fairweather Apartments (Age 62+ Community)
40 Highland AveSalem, MA 01970
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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
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9 Cox Ct
BeverlyMA01915
5 Pleasant St
BeverlyMA01915
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Rent Specials
from $1,8001 to 2 Bedroom Apartments Contact Us For Availability
Terrace Gardens
2 Esquire DrPeabody, MA 01960
19 Washington St
BeverlyMA01915
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Showing Results 1-21, 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 an apartment in Federal Street?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Federal Street Studio Apartments | $2,071 | $1,050 | $2,700 |
| Federal Street 1 Bedroom Apartments | $2,804 | $1,350 | $7,097 |
| Federal Street 2 Bedroom Apartments | $3,301 | $1,500 | $9,971 |
| Federal Street 3 Bedroom Apartments | $3,124 | $2,650 | $4,690 |
| Federal Street 4 Bedroom Apartments | $3,200 | $3,200 | $3,200 |
Browse Apartments in this Neighborhood
There are currently 21 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
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- 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 Princeton Crossing priced from $2,170. Holmes Beverly has the second lowest priced unit, which is a Studio apartment currently listed from $2,250. 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 | $2,250 |
| Hawthorne Commons | The Dickens | 1BR,1BA | $2,368 |
| River Properties | 307 River Rock Residences | 1BR,1BA | $2,400 |
| 39 Railroad | 2BR/1.0BA | 2BR,1BA | $2,400 |
Best Value Apartments for Rent in Federal Street, MA
As of April 11, 2025 the best value apartment in the Federal Street area is the $0.24 price per square foot 6 Lemon St Model at 6 Lemon St, Unit 2 in the in the North Salem neighborhood starting from $2,400. 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. |
|---|---|---|---|
| 6 Lemon St, Unit 2 | 6 Lemon St | 2BR,1BA | $0.24 |
| 132 North St, Unit #2 | 132 North St | 2BR,2BA | $1.86 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 73 School St, Unit #3 | 73 School St | 2BR,1BA | $2.00 |
| Essex Apartment Homes | Sylvan | 2BR,2BA | $2.40 |
| 8 Elm St, Unit #1 | 8 Elm St | 2BR,1BA | $2.08 |
| 46 Holten St, Unit #1 | 46 Holten St | 2BR,1BA | $2.00 |
| 21 Symonds St, Unit 21-2 Symonds St #2, Salem | 21 Symonds St | 3BR,1BA | $2.41 |
| 26 Northend St, Unit #2 | 26 Northend St | 2BR,1BA | $2.40 |
| 9 Bowditch St, Unit #2 | 9 Bowditch St | 2BR,1BA | $2.40 |
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Pet Friendly LifestyleFederal Street, Salem, MA
Ranked #9
Among neighborhoods in Salem, MA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Getting Around the Federal Street Neighborhood in Salem, MA
Walk Score®
90 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
68 / 100
Bikeable
Some bike infrastructure
Transit Score®
37 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Federal Street Apartments
What is the Cheapest Studio apartment in Federal Street?
Currently the most affordable Cheap Studio Apartment in Federal Street is at Holmes Beverly listed at $2,250.
How much is rent for a Cheap One Bedroom Federal Street Apartment?
The lowest price for a Cheap One Bedroom Federal Street Apartment is $2,170 at Princeton Crossing.
What is the lowest price for a Cheap Two Bedroom Federal Street Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Federal Street is starting from $2,400 at 39 Railroad.
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.