Bedroom count
Property type
Last updated on May 30, 2026
Average rent in
Federal Street, Salem, MA
Average rent in
Last updated on May 30, 2026
Bedroom count
Property type
Median rent
Median rent in Federal Street
$2,500/mo
11%vs previous year
The average rent in Federal Street is $2,500 per month as of May 2026. This is 28% above the national average rent, or $550 more per month.
average price per square foot
Total rentals
Available rentals in Federal Street
21
for rent on Zumper.com as of May 2026
Rent price distribution
Share of Federal Street rentals at each price point
Rent trends in Federal Street, Salem, MA
Average rent prices in Federal Street have increased by 60% over the last month and have decreased by 11% since last year.
Rent trends
Rent prices on this page are calculated on a rolling 30-day basis and updated daily.
Compare rent prices in
Federal Street, Salem, MA
Rent prices in Federal Street vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Federal Street is $2,474, whereas a house costs $3,500. 1-bedroom apartments in Federal Street run $2,300 on average, while 2-bedroom apartments are $2,800.
Listings | ||||
|---|---|---|---|---|
Studio | $1,650 | No Change | - | |
1 bedroom | $2,200 |  5% | - | |
2 bedroom | $2,675 | No Change | 3% | |
3 bedroom | $2,795 | - | - | |
4 bedroom | $3,200 | - | - |
Listings | ||
|---|---|---|
Horace Mann | $3,110 | |
Lynnhurst | $2,800 | |
North Salem | $2,797 | |
Salem Neck | $2,479 | |
South Peabody | $3,115 | |
West Peabody | $2,980 |
Listings | ||||
|---|---|---|---|---|
Apartments | $2,474 | 31% | No Change | |
Condos | $2,300 | - | No Change | |
Houses | $3,500 | - | - |
Studio
Average rent
$1,650
1 bedroom
Average rent
$2,200
Last 30 days
5%
2 bedroom
Average rent
$2,675
Last year
3%
3 bedroom
Average rent
$2,795
4 bedroom
Average rent
$3,200
Horace Mann
Average rent
$3,110
South Peabody
Average rent
$3,115
West Peabody
Average rent
$2,980
North Salem
Average rent
$2,797
Salem Neck
Average rent
$2,479
Lynnhurst
Average rent
$2,800
Apartments
Average rent
$2,474
Last 30 days
31%
Condos
Average rent
$2,300
Houses
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.
How does rent in Federal Street, Salem, MA compare to other neighborhoods?
Compare median rent prices in Federal Street and Horace Mann by all bedroom counts and property types.
Federal Street
28%higher than the national median
59%higher than the national median
Takeaway
The median rent for all rentals in Federal Street, Salem, MA is 20% lower than the median rent in Horace Mann, Melrose, MA.
Average rent in nearby neighborhoods
Explore rent trends in neighboring markets
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Frequently asked questions for Federal Street, Salem, MA
Quick answers to common questions about the Federal Street rental market.
How much is rent in Federal Street?
The average rent in Federal Street is $2,500 per month as of May 23, 2026.
Is rent up or down in Federal Street?
Average rent prices in Federal Street have increased by 60% over the last month and have decreased by 11% since last year.
How does Federal Street rent compare to the national average?
Rent in Federal Street is 28% above the national average, which means renters are paying approximately $550 more per month.
What salary do I need to afford rent in Federal Street?
To comfortably afford rent in Federal Street, you'd need to earn approximately $100,000/year, based on spending no more than 30% of your income on rent.
Methodology
Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.
Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).