Cheap Apartments for Rent in the Magnolia Neighborhood of Gloucester, MA from $1,600 (29 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Magnolia area of Gloucester.

close
View Me
Halyard
Rent Specials
$2,255 - $3,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,255 - $3,330

Total Monthly Price
$2,255 - $3,330
Studio to 2 Bedroom Apartments Available Now

Halyard

2 School House RdGloucester, MA 01930
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 97 Washington street

$2,400

Total Monthly Price3 Month Lease Term

Total Monthly Price

Base Rent
$2,400

Total Monthly Price
$2,400

1 Bedroom, 1 Bath Townhome for Rent

Available Now

97 Washington street, Unit 3rd floor

97 Washington street
GloucesterMA01930
close
View Me
96 Middle St
Studio to 1 Bedroom Apartments

96 Middle St

96 Middle StGloucester, MA 01930
  • Utilities Included
  • Smoke Free
close
View Me
100 Prospect St
1 Bedroom Apartments

100 Prospect St

100 Prospect StGloucester, MA 01930
close
View Me
19 Wonson St
1 Bedroom Apartments

19 Wonson St

19 Wonson StGloucester, MA 01930
close
View Me
80 Prospect St
Studio Apartments

80 Prospect St

80 Prospect StGloucester, MA 01930

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.

close
View Me
6 Prospect St
Studio Apartments

6 Prospect St

6 Prospect StGloucester, MA 01930
close
View Me
27 Elm St
1 Bedroom Apartments

27 Elm St

27 Elm StGloucester, MA 01930
close
View Me
15 Proctor St
1 Bedroom Apartments

15 Proctor St

15 Proctor StGloucester, MA 01930
close
View Me
72 Lexington Ave
2 Bedroom Apartments

72 Lexington Ave

72 Lexington AveGloucester, MA 01930
Senior Living
close
View Me
6-8 Summit St
2 Bedroom Apartments

6-8 Summit St

6-8 Summit StGloucester, MA 01930
close
View Me
190 Western Ave
22 Bedroom Apartments

190 Western Ave

190 Western AveGloucester, MA 01930

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

close
View Me
21 Mason St
1 to 2 Bedroom Apartments

21 Mason St

21 Mason StGloucester, MA 01930
close
View Me
14 Western Ave
2 to 3 Bedroom Apartments

14 Western Ave

14 Western AveGloucester, MA 01930
close
View Me
16 Cleveland Pl
Studio Apartments

16 Cleveland Pl

16 Cleveland PlGloucester, MA 01930
close
View Me
Harbor Village
Studio Apartments

Harbor Village

206 Main StGloucester, MA 01930
close
View Me
107 Washington St
2 Bedroom Apartments

107 Washington St

107 Washington StGloucester, MA 01930
close
View Me
25 Elm St
Studio Apartments

25 Elm St

25 Elm StGloucester, MA 01930

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

close
View Me
Pond View
1 to 3 Bedroom Apartments

Pond View

23 Lepage LnGloucester, MA 01930
close
View Me
19 Old Neck Rd
Studio Apartments

19 Old Neck Rd

19 Old Neck RdManchester, MA 01944
close
View Me
12-14 Washington St
1 to 5 Bedroom Apartments

12-14 Washington St

12-14 Washington StManchester, MA 01944
close
View Me
1 Crow Is
Studio Apartments

1 Crow Is

1 Crow IsManchester, MA 01944
close
View Me
Lodge Apartments
Studio to 2 Bedroom Apartments

Lodge Apartments

384 Summer StManchester, MA 01944
close
View Me
162 Summer St
Studio Apartments

162 Summer St

162 Summer StManchester, MA 01944
close
View Me
28 School St
Studio Apartments

28 School St

28 School StManchester, MA 01944

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

close
View Me
24 Desmond Ave
Studio Apartments

24 Desmond Ave

24 Desmond AveManchester, MA 01944

Magnolia, Gloucester, MA Local Guide

Cheapest Available Magnolia Apartments for Rent

 

The cheapest available apartment rental in the Magnolia area of Boston, MA is a 1 Bed unit found at 1 Powder House Ln priced from $1,672. Central Grammar has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,935. Here are the most affordable Magnolia apartments for rent in Boston, MA:

Apartment ListingModel NameBed/BathPriced From
1 Powder House LnOne Bedroom 60%1BR,1BA$1,672
Central Grammar2 bed / 1 bath2BR,1BA$1,935
The Heights At Cape Ann1 Bedroom1BR,1BA$1,995
HalyardA1B1BR,1BA$2,560

Best Value Apartments for Rent in Magnolia, MA

As of February 26, 2026 the best value apartment in the Magnolia area is the $3.77 price per square foot A1B Model at Halyard in the in the West Gloucester neighborhood starting from $2,560. The second greatest value Magnolia apartment is the 1 Bedroom Model at The Heights At Cape Ann starting at $1,995 with a $3.07 price per square foot in the West Gloucester neighborhood. Here is today’s list of the best values for Magnolia apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
HalyardA1B1BR,1BA$3.77
The Heights At Cape Ann1 Bedroom1BR,1BA$3.07
1 Powder House LnOne Bedroom 80%1BR,1BA$3.82

Don'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 Article
Decorative image

The 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 Article
Decorative image

Cash 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Magnolia, Gloucester, MA

Ranked #1

Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap Magnolia Apartments

What is the price of a cheap apartment in Magnolia?

The cheapest apartment in Magnolia is 1 Powder House Ln which is listed at $1,672, while the average apartment in Magnolia costs $4,450.

What types of apartments are the cheapest in Magnolia?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 4 regular apartments in Magnolia that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

decorative image for The 10 Best Affordable Neighborhoods in Boston, MA article

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.

decorative image for A Local Experts Guide to the Top Boston Neighborhoods for College Renters article

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!

decorative image for Explore Like a Local: The Insider's Guide to Boston article

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.

decorative image for Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street article

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.