The answer is "no" -- the quickest way to see this appeals to the following nontrivial fact: the commutator subgroup of F, denoted by F′ as usual, is infinite and simple.
Armed with this, we argue as follows. Let N be a normal subgroup in F of finite-index; then NcapF′ is going to be normal in F′ and of finite index in F′. Hence NcapF′=F′, that is, N contains F′. So the intersection of all finite-index normal subgroups of F must contain F′. But if F were residually finite then this intersection would only contain the identity element, and the result follows.
If you don't mind me asking: is this a question out of curiosity, or one that you've run into during your studies or research?
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