
Cheap Apartments for Rent in the Magnolia Neighborhood of Gloucester, MA from $1,800 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Magnolia area of Gloucester.


97 Washington street, Unit 3rd floor
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.
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.
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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Magnolia, Gloucester, MA Local Guide

How much does it cost to rent an apartment in Magnolia?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Magnolia 1 Bedroom Apartments | $2,255 | $1,995 | $2,950 |
Magnolia 2 Bedroom Apartments | $2,928 | $2,200 | $4,150 |
Magnolia 3 Bedroom Apartments | $3,399 | $2,700 | $4,500 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 3 mile radius of the Magnolia Neighborhood of Gloucester, MA.
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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 96 Middle St priced from $1,975. The Heights At Cape Ann has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,435. Here are the most affordable Magnolia apartments for rent in Boston, MA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
96 Middle St | Unit 4 | 1BR,1BA | $1,975 |
The Heights At Cape Ann | 2 Bedroom | 2BR,1BA | $2,435 |
Halyard | A1A | 1BR,1BA | $2,465 |
Best Value Apartments for Rent in Magnolia, MA
As of June 03, 2025 the best value apartment in the Magnolia area is the $2.75 price per square foot 295 Magnolia Ave Model at 295 Magnolia Ave, Unit Rain Gaudreau in the in the West Gloucester neighborhood starting from $2,200. The second greatest value Magnolia apartment is the 2 Bedroom Model at The Heights At Cape Ann starting at $2,435 with a $3.25 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. |
---|---|---|---|
295 Magnolia Ave, Unit Rain Gaudreau | 295 Magnolia Ave | 1BR,1BA | $2.75 |
The Heights At Cape Ann | 2 Bedroom | 2BR,1BA | $3.25 |
96 Middle St | Unit 4 | 1BR,1BA | $2.63 |
Halyard | A1A | 1BR,1BA | $3.75 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleMagnolia, Gloucester, MA
Ranked #1
Among neighborhoods in Gloucester, MA 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 $1,975 at 96 Middle St.
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 $2,435 at The Heights At Cape Ann.
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.