
Cheap Apartments for Rent in the Magnolia Neighborhood of Gloucester, MA from $1,600 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Magnolia area of Gloucester.


10 Gloucester Ave

Total Monthly Price
Halyard

The Heights At Cape Ann

9 Hawthorne Rd
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.

222 Main St

622 Heights at Cape Ann

145 Essex Ave

61 Western Ave
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.

1 Powder House Ln
Magnolia, Gloucester, MA Local Guide

How much does it cost to rent an apartment in Magnolia?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Magnolia Studio Apartments | $2,399 | $2,225 | $2,695 |
| Magnolia 1 Bedroom Apartments | $2,280 | $1,610 | $3,350 |
| Magnolia 2 Bedroom Apartments | $2,866 | $1,910 | $3,900 |
| Magnolia 3 Bedroom Apartments | $3,540 | $2,845 | $4,750 |
| Magnolia 4 Bedroom Apartments | $3,650 | $3,650 | $3,650 |
Browse Apartments in this Neighborhood
There are currently 11 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
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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 $1,610. Halyard has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,121. 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 | $1,610 |
| Halyard | A1B | 1BR,1BA | $2,121 |
| The Heights At Cape Ann | 2 Bedroom | 2BR,1BA | $2,185 |
Best Value Apartments for Rent in Magnolia, MA
As of November 27, 2025 the best value apartment in the Magnolia area is the $2.91 price per square foot 2 Bedroom Model at The Heights At Cape Ann in the in the West Gloucester neighborhood starting from $2,185. The second greatest value Magnolia apartment is the A1A Model at Halyard starting at $2,121 with a $3.23 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. |
|---|---|---|---|
| The Heights At Cape Ann | 2 Bedroom | 2BR,1BA | $2.91 |
| Halyard | A1A | 1BR,1BA | $3.23 |
| 1 Powder House Ln | One Bedroom 60% | 1BR,1BA | $2.68 |
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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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.
Pet Friendly LifestyleMagnolia, Gloucester, MA
Ranked #2
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
How much is rent for a Cheap One Bedroom Magnolia Apartment?
The lowest price for a Cheap One Bedroom Magnolia Apartment is $1,610 at 1 Powder House Ln.
What is the lowest price for a Cheap Two Bedroom Magnolia Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Magnolia is starting from $1,910 at 1 Powder House Ln.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
