37 Osborne Hill Dr
SalemMA01970
Cheap Homes for Rent in Federal Street Neighborhood of Salem, MA from $1,400 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Federal Street area of Salem.
257 Washington St
SalemMA01970
233 Lafayette St
SalemMA01970
233 Lafayette St
SalemMA01970
29 Ocean Ave
SalemMA01970
23 Park St
SalemMA01970
14 Lynde St
SalemMA01970
233 Lafayette St, Unit 5
233 Lafayette St
SalemMA01970
111 Foster St, Unit 220
111 Foster St
PeabodyMA01960
22 Tracey 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
116-128 Rantoul St
BeverlyMA01915
Showing Results 1-11, 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 | $3,163 | $2,300 | $4,800 |
| Federal Street 3 Bedroom Homes for Rent | $3,683 | $2,600 | $4,500 |
| Federal Street 4 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
| Federal Street 5 Bedroom Homes for Rent | $4,250 | $4,250 | $4,250 |
Browse Homes for Rent in this Neighborhood
There are currently 11 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
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Princeton Crossing | One BR Deluxe | 1BR,1BA | $2,170 |
| Holmes Beverly | Studio | Studio,1BA | $2,250 |
Best Value Apartments for Rent in Federal Street, MA
As of April 16, 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 |
| 73 School St, Unit 2 | 73 School St | 3BR,1BA | $2.31 |
| 8 Elm St, Unit #1 | 8 Elm St | 2BR,1BA | $2.08 |
| 46 Holten St, Unit #1 | 46 Holten St | 2BR,1BA | $2.00 |
| 26 Northend St, Unit #2 | 26 Northend St | 2BR,1BA | $2.40 |
| 9 Bowditch St, Unit #2 | 9 Bowditch St | 2BR,1BA | $2.40 |
| 36 Upham St, Unit #1 | 36 Upham St | 1BR,1BA | $2.30 |
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Frequently Asked Questions about Federal Street
What type of rentals are currently available in Federal Street?
There are currently 389 Apartments for Rent in Federal Street, MA with pricing that ranges from $1,050 to $9,891. There are also 36 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 $3,592.
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 $4,690, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,600 to $4,500. Four Bedroom Single-Family rentals are also available starting from $4,500 and Four Bedroom Apartments start at $3,200.
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.
Know Your Rights - How Discrimination Laws Impact Landlords & Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
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.