
Cheap Apartments for Rent in Gloucester, MA from $1,500 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Gloucester.


Central Grammar

The Heights At Cape Ann

48 Gee Ave

97 Washington street, Unit 3rd floor, Unit 3rd floor

Total Monthly Price
38 Summer St, Unit Summer Street, 3rd Floor, Unit Summer Street, 3rd Floor
Top Short-Term Rental Neighborhoods in Boston: Tips from a Local Expert
Get a local expert's guide to Boston's top 5 short-term rental neighborhoods. Essential tips on Fenway, Beacon Hill, Seaport, and Allston/Brighton.

5 Washington Square

Total Monthly Price
64 Perkins St, Unit Apt 2, Unit Apt 2

Total Monthly Price
264 Washington St, Unit 1, Unit 1

100-102 Main St

Total Monthly Price
12 Hesperus Cir

32 Beacon St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

96 Middle St

Halyard

20 Beacon St

Total Monthly Price
8B Springfield Ct, Unit 8 B, Unit 8 B

80 Thatcher Rd

Total Monthly Price
106 Granite St, Unit 3, Unit 3
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

0 Dodds Ln

34 Central St
Gloucester, MA Local Guide

How much does it cost to rent an apartment in Gloucester?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Cheap Gloucester 1 Bedroom Apartments | $2,105 | $1,500 | $2,750 |
| Cheap Gloucester 2 Bedroom Apartments | $3,180 | $1,935 | $10,000+ |
| Cheap Gloucester 3 Bedroom Apartments | $3,223 | $2,845 | $3,500 |
Browse Top Apartments in Gloucester
See all Apartments in GloucesterExplore Gloucester
Gloucester, MA Local Guide
- Gloucester Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Gloucester Apartments for Rent
 The cheapest available apartment rental in Gloucester, MA is a 2 Beds unit found at Central Grammar in the West Gloucester neighborhood priced from $1,935. The Heights At Cape Ann in the West Gloucester neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,200. Here is today’s list of the most affordable Gloucester apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Central Grammar | 2 bed / 1 bath | 2BR,1BA | $1,935 |
| The Heights At Cape Ann | 2 Bedroom | 2BR,1BA | $2,200 |
| Halyard | B2E | 2BR,2BA | $3,090 |
Best Value Apartments for Rent in Gloucester, MA
As of April 25, 2026 the best value apartment in the Gloucester area is the $1.88 price per square foot 2 bed / 1 bath Model at Central Grammar in the in the West Gloucester neighborhood starting from $1,935. The second greatest value Gloucester apartment is the B2E Model at Halyard starting at $3,090 with a $3.23 price per square foot in the West Gloucester neighborhood. Here is today’s list of the best values for Gloucester apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Central Grammar | 2 bed / 1 bath | 2BR,1BA | $1.88 |
| Halyard | B2E | 2BR,2BA | $3.23 |
| 12 Hesperus Cir | 12 Hesperus Cir | 1BR,1BA | $2.89 |
| 64 Perkins St, Unit Apt 2 | 64 Perkins St | 2BR,1BA | $2.78 |
| The Heights At Cape Ann | 2 Bedroom | 2BR,1BA | $2.93 |
| 8B Springfield Ct, Unit 8 B | 8B Springfield Ct | 1BR,1BA | $3.75 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleBoston Neighborhood Guide: Living Near UMass, MGH, and State Street
Get the local scoop! ApartmentHomeLiving's Boston Expert reveals the best neighborhoods to rent for employees of UMass Boston, Mass General Hospital, State Street, and more.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleTop Neighborhoods Near Boston Colleges and Universities
Learn About the Best Neighborhoods to Rent Near College Campuses in Boston, MA | Find Boston Off-Campus Student Housing at ApartmentHomeLiving.com
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Gloucester, MA
Ralph B O'Maley Innovation Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Gloucester, MA Rentals by Map
See the most popular apartments and homes in Gloucester, MA
Frequently Asked Questions about Cheap Gloucester Apartments
What is the lowest price for a Cheap Two Bedroom Gloucester Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Gloucester is starting from $1,935 at Central Grammar.
Expert Rental Resources
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.
Helpful Local Expert Guides

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.

A Local Experts Guide to the Top Boston Neighborhoods for College Renters
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts! We’re excited to help you find your new home, and getting to know the neighborhood is an important part of that process!

Explore Like a Local: The Insider's Guide to Boston
Written by: Amelia Ramstead
Hello from Boston, Massachusetts! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, and I’m here to give you the inside scoop on this unique city.

Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts. Getting to know your new neighborhood is one of the best parts of moving, and we’re excited to help you get started.
Articles, How-To's, and Tips

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.