3 Buttonwood Ln
PeabodyMA01960
Cheap Homes for Rent in Federal Street Neighborhood of Salem, MA from $1,300 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Federal Street area of Salem.
6R Hazel Terrace
SalemMA01970
29 Tracey St
PeabodyMA01960
23 Park St
SalemMA01970
15 Bancroft Ave
BeverlyMA01915
24 Norman St, Unit In the heart of Salem
24 Norman St
SalemMA01970
233 Lafayette St, Unit 5
233 Lafayette St
SalemMA01970
111 Foster St, Unit 220
111 Foster St
PeabodyMA01960
29 Proctor 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
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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 | $2,967 | $2,300 | $3,800 |
| Federal Street 3 Bedroom Homes for Rent | $3,200 | $3,000 | $3,800 |
| Federal Street 4 Bedroom Homes for Rent | $4,450 | $3,900 | $5,000 |
Browse Homes for Rent in this Neighborhood
There are currently 9 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 Neighborhoods for Apartments in Federal Street, MA
Pricing Updated: 03/21/2025Current apartment rentals in the Federal Street, MA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Federal Street Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|
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 Peabody Place, LLC. priced from $1,899. 1 Harbor has the second lowest priced unit, which is a 1 Bed 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 |
|---|---|---|---|
| Peabody Place, LLC. | 1BR/1.0BA | 1BR,1BA | $1,899 |
| 1 Harbor | 1BR/1.0BA | 1BR,1BA | $2,000 |
| Holmes Beverly | Studio | Studio,1BA | $2,250 |
Best Value Apartments for Rent in Federal Street, MA
As of March 21, 2025 the best value apartment in the Federal Street area is the $2.07 price per square foot 7 Hancock St Model at 7 Hancock St, Unit 1 in the in the South Salem neighborhood starting from $3,100. 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. |
|---|---|---|---|
| 7 Hancock St, Unit 1 | 7 Hancock St | 3BR,1BA | $2.07 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| Vavel Apartments | A3 | 2BR,2BA | $2.77 |
| Essex Apartment Homes | Sylvan | 2BR,2BA | $2.42 |
| 8 Elm St, Unit #1 | 8 Elm St | 2BR,1BA | $2.08 |
| Hawthorne Commons | The Harbor | 2BR,2BA | $2.69 |
| Station 101 | 2 Bed A | 2BR,2BA | $2.76 |
| 109 Foster St, Unit #220 | 109 Foster St | 2BR,1BA | $2.78 |
| 114 Foster St, Unit #1 | 114 Foster St | 2BR,1BA | $2.78 |
| 15 Lowe St, Unit 1 | 15 Lowe St | 2BR,1BA | $2.59 |
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Frequently Asked Questions about Federal Street
What type of rentals are currently available in Federal Street?
There are currently 369 Apartments for Rent in Federal Street, MA with pricing that ranges from $1,100 to $9,464. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Federal Street ranging from $1,350 to $5,000.
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 $1,350 to $5,000 with an average monthly rent of $3,250.
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.
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
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.