Average Rent in Federal Street, Salem, MA and Rent Price Trends

Rent price summary for
Federal Street, Salem, MA

As of August 2025, the median rent for all bedroom counts and property types in Federal Street, Salem, MA is $2,840. This is +42% higher than the national average.

$3.01

average price per square foot

Median rent

$2,840

As of August 2025, we do not have enough inventory to generate median rent for all bedroom counts and property types in Federal Street, Salem, MA. Please check back soon.

Total rentals

18

for rent on Zumper.com

As of August 2025, the median rent for all bedroom counts and property types in Federal Street, Salem, MA is $2,840. This is +42% higher than the national average.

$3.01

average price per square foot

Rent ranges

67%

29%

$1,501-$3,000$1,501 - $3,000

$3,001-$4,500$3,001 - $4,500

$4,501-$6,000$4,501 - $6,000

Households

69%

31%

Renter-occupied

Owner-occupied

Median rent and rent ranges are based on Zumper inventory in the last 30 days. Household data are provided by the US Census Bureau.

Rent comparables in
Federal Street, Salem, MA
The monthly rent for an apartment in Federal Street, Salem, MA is $2,675. A 1-bedroom apartment in Federal Street, Salem, MA costs about $2,197 on average, while a 2-bedroom apartment is $2,700. Houses for rent in Federal Street, Salem, MA are more expensive, with an average monthly cost of $3,800.


1 bedroom	$2,384	No Change	-
2 bedroom	$2,950	No Change	-
3 bedroom	$3,300	-	-
4 bedroom	$3,500	-	-
Studio	$2,000	-	-

		Comparables
Horace Mann	$2,875
Lynnhurst	$2,965
North Salem	$2,812
Salem Neck	$2,950
South Peabody	$2,850
West Peabody	$3,225


Apartments	$2,675	No Change	No Change
Condos	$2,600	-	No Change
Houses	$3,800	-	No Change

Studio

Average rent

$2,000

1 bedroom

Average rent

$2,384

2 bedroom

Average rent

$2,950

3 bedroom

Average rent

$3,300

4 bedroom

Average rent

$3,500

The table above reflects average rent prices in Federal Street, Salem, MA, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Compare rent prices in Federal Street, Salem, MA to other neighborhoods

Median rent prices in Federal Street, Salem, MA for all bedroom counts and property types compared to Horace Mann, Melrose, MA.

Federal Street

Median rent price$2,840

42%

higher than the national median

Median rent price$2,875

44%

higher than the national median

Takeaway

The median rent for all rentals in Federal Street, Salem, MA is 1% lower than the median rent in Horace Mann, Melrose, MA.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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