113 Pleasant St
GloucesterMA01930
Cheap Apartments for Rent in the Magnolia Neighborhood of Gloucester, MA from $1,300 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Magnolia area of Gloucester.
50 R Maplewood Ave
GloucesterMA01930
10 Gloucester Ave
GloucesterMA01930
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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
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.
102 Pleasant St
GloucesterMA01930
222 Main St
GloucesterMA01930
83 Hesperus Ave
GloucesterMA01930
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Studio to 1 Bedroom Apartments
96 Middle St
96 Middle StGloucester, 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.
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$1,610 - $1,910
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Now1 Powder House Ln
1 Powder House LnManchester, MA 01944
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Magnolia, Gloucester, MA Local Guide
Southeast Harbor by Eric Harrison is licensed under CC BY 2.0
How much does it cost to rent an apartment in Magnolia?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Magnolia Studio Apartments | $2,299 | $1,700 | $2,695 |
| Magnolia 1 Bedroom Apartments | $2,311 | $1,350 | $2,900 |
| Magnolia 2 Bedroom Apartments | $2,807 | $1,910 | $3,900 |
| Magnolia 3 Bedroom Apartments | $2,835 | $2,800 | $2,895 |
| Magnolia 4 Bedroom Apartments | $3,900 | $3,900 | $3,900 |
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 9 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. The Heights At Cape Ann has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,185. 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 |
| The Heights At Cape Ann | 2 Bedroom | 2BR,1BA | $2,185 |
| Halyard | A1B | 1BR,1BA | $2,545 |
Best Value Apartments for Rent in Magnolia, MA
As of January 11, 2026 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 $2,545 with a $3.87 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 | $3.87 |
| 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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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 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.
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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 #1
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 $1,610, while the average apartment in Magnolia costs $3,900.
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 2 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
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
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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.
Articles, How-To's, and Tips
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.
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.
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!