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$1,995 - $2,895
Plus Fees15 Month Lease Term
1 to 3 Bedroom Apartments Available NowThe Heights At Cape Ann
950 Heights at CapeGloucester, MA 01930
Cheap Apartments for Rent in the Magnolia Neighborhood of Gloucester, MA from $1,600 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Magnolia area of Gloucester.
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$3,200
Total Monthly Price12 Month Lease Term
3 Bedroom Apartment Available Jun 1Total Monthly Price
Base Rent
$3,200
Total Monthly Price
$3,200
21 Addison St, Unit 2
21 Addison StGloucester, MA 01930
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Studio to 1 Bedroom Apartments
96 Middle St
96 Middle StGloucester, MA 01930
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1 Bedroom Apartments
100 Prospect St
100 Prospect StGloucester, MA 01930
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1 Bedroom Apartments
19 Wonson St
19 Wonson StGloucester, MA 01930
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Studio Apartments
6 Prospect St
6 Prospect StGloucester, MA 01930
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1 Bedroom Apartments
27 Elm St
27 Elm StGloucester, MA 01930
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.
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Studio to 1 Bedroom Apartments
Flume Road Apartments
8 Flume RdGloucester, MA 01930
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1 Bedroom Apartments
15 Proctor St
15 Proctor StGloucester, MA 01930
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2 Bedroom Apartments
72 Lexington Ave
72 Lexington AveGloucester, MA 01930
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Studio Apartments
80 Prospect St
80 Prospect StGloucester, MA 01930
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Studio Apartments
3 Commonwealth Ave
3 Commonwealth AveGloucester, MA 01930
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1 to 2 Bedroom Apartments
21 Mason St
21 Mason StGloucester, MA 01930
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2 Bedroom Apartments
6-8 Summit St
6-8 Summit 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.
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22 Bedroom Apartments
190 Western Ave
190 Western AveGloucester, MA 01930
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Studio Apartments
16 Cleveland Pl
16 Cleveland PlGloucester, MA 01930
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Studio Apartments
Harbor Village
206 Main StGloucester, MA 01930
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2 to 3 Bedroom Apartments
14 Western Ave
14 Western AveGloucester, MA 01930
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2 Bedroom Apartments
107 Washington St
107 Washington StGloucester, MA 01930
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Studio Apartments
25 Elm St
25 Elm StGloucester, MA 01930
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Studio to 2 Bedroom Apartments
Halyard
2 School House RdGloucester, MA 01930
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.
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1 to 3 Bedroom Apartments
Pond View
23 Lepage LnGloucester, MA 01930
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Studio Apartments
19 Old Neck Rd
19 Old Neck RdManchester, MA 01944
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1 to 5 Bedroom Apartments
12-14 Washington St
12-14 Washington StManchester, MA 01944
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Studio Apartments
1 Crow Is
1 Crow IsManchester, MA 01944
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Studio to 2 Bedroom Apartments
Lodge Apartments
384 Summer StManchester, MA 01944
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Studio Apartments
162 Summer St
162 Summer StManchester, MA 01944
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Studio Apartments
28 School St
28 School StManchester, MA 01944
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.
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Studio Apartments
24 Desmond Ave
24 Desmond AveManchester, MA 01944
Showing Results 1-29, Page 1 of 1
Magnolia, Gloucester, MA Local Guide
How much does it cost to rent an apartment in Magnolia?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Magnolia 1 Bedroom Apartments | $2,287 | $1,672 | $3,250 |
| Magnolia 2 Bedroom Apartments | $2,420 | $1,935 | $3,400 |
| Magnolia 3 Bedroom Apartments | $3,023 | $2,845 | $3,200 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 29 rentals with your search options within a 3 mile radius of the Magnolia Neighborhood of Gloucester, MA.
See all Apartments in GloucesterExplore Gloucester
Magnolia, Gloucester, MA Local Guide
- Nearby Gloucester neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1 Powder House Ln | One Bedroom 60% | 1BR,1BA | $1,672 |
| Central Grammar | 2 bed / 1 bath | 2BR,1BA | $1,935 |
| The Heights At Cape Ann | 1 Bedroom | 1BR,1BA | $1,995 |
| Halyard | S1BH | Studio,1BA | $2,335 |
Best Value Apartments for Rent in Magnolia, MA
As of May 28, 2026 the best value apartment in the Magnolia 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 Magnolia apartment is the 41 School St Model at 41 School St, Unit 1 starting at $3,000 with a $3.00 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Central Grammar | 2 bed / 1 bath | 2BR,1BA | $1.88 |
| 41 School St, Unit 1 | 41 School St | 3BR,1BA | $3.00 |
| The Heights At Cape Ann | 1 Bedroom | 1BR,1BA | $3.07 |
| Halyard | S1BH | Studio ,1BA | $3.68 |
| 1 Powder House Ln | One 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.
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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.
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Pet Friendly LifestyleMagnolia, Gloucester, MA
Ranked #3
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Magnolia, Gloucester, MA
School data provided by Great Schools
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 $3,700.
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 5 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.
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The 10 Best Affordable Neighborhoods in Boston, MA
Written by: Amelia Ramstead
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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
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Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street
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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.
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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.