Bedroom count

Property type

Last updated on January 31, 2026

Average rent in
Federal Street, Salem, MA

Last updated on January 31, 2026

Last updated on January 31, 2026

Bedroom count

Property type

As of January 2026, the median rent for all bedroom counts and property types in Federal Street, Salem, MA is $2,299. This is +21%, or $399, higher than the national average.

$2.95

average price per square foot

Median rent

$2,299

increased by15%
over the previous yearvs previous year

Total rentals

15

for rent on Zumper.com

As of January 2026, the median rent for all bedroom counts and property types in Federal Street, Salem, MA is $2,299. This is +21%, or $399, higher than the national average.

$2.95

average price per square foot

Rent ranges

6%
88%
6%
$0-$1,500$0 - $1,500
$1,501-$3,000$1,501 - $3,000
$3,001-$4,500$3,001 - $4,500

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 price trends in
Federal Street, Salem, MA

Rent price trends

Rent prices for all bedroom counts and property types in Federal Street, Salem, MA have remained the same in the last month and have increased by 15% in the last year.

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Rent comparables in
Federal Street, Salem, MA

The monthly rent for an apartment in Federal Street, Salem, MA is $2,291. A 1-bedroom apartment in Federal Street, Salem, MA costs about $1,950 on average, while a 2-bedroom apartment is $2,500. Houses for rent in Federal Street, Salem, MA are cheaper, with an average monthly cost of $2,249.

Comparables

1 bedroom

$2,100

5%

16%

2 bedroom

$2,500

No Change

-

3 bedroom

$3,000

-

-

4 bedroom

$3,400

-

-

Studio

$1,895

No Change

12%

Studio

Average rent

$1,895

Last year

12%

1 bedroom

Average rent

$2,100

Last 30 days

5%

Last year

16%

2 bedroom

Average rent

$2,500

3 bedroom

Average rent

$3,000

4 bedroom

Average rent

$3,400

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$2,299
increased by21%

higher than the national median

Median rent price$2,700
increased by42%

higher than the national median

Takeaway

The median rent for all rentals in Federal Street, Salem, MA is 15% lower than the median rent in Horace Mann, Melrose, MA.

More data insights and reports

View the National Rent Report

National Rent Report

View the Canadian Rent Report

Canadian Rent Report

View the Annual Rent Report

Annual Rent Report

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Average rent in
Nearby neighborhoods

Explore rent trends in other markets

Horace Mann

$2,700

N/A

Last year

South Peabody

$2,607

increased by7%

Last year

West Peabody

$2,500

decreased by30%

Last year

North Salem

$2,500

decreased by9%

Last year

Salem Neck

$2,714

increased by8%

Last year

Lynnhurst

$2,700

N/A

Last year

Apartments for rent in Boston

Discover rentals in Federal Street, Salem, MA

6 Monroe St Unit 315 #315 - Photo 1 of 1

5d+ ago

Federal Street apartment for rent in Salem

APARTMENT - Salem, MA

6 Monroe St Unit 315 #315, Salem, MA 01970

Studio

1 bath

$2,000

The price shown reflects a 12-month lease. Fees may apply.

Apartment for rent

6 Monroe St Unit 102 #102 - Photo 1 of 1

5d+ ago

Federal Street apartment for rent in Salem

APARTMENT - Salem, MA

6 Monroe St Unit 102 #102, Salem, MA 01970

Studio

1 bath

$2,000

The price shown reflects a 12-month lease. Fees may apply.

Apartment for rent