32 Beacon St
GloucesterMA01930
Cheap Homes for Rent in Magnolia Neighborhood of Gloucester, MA from $1,500 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Magnolia area of Gloucester.
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$1,7001 Bedroom Apartments Available May 1
17 Lincoln Ave, Unit 1
17 Lincoln AveGloucester, 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.
97 Washington street, Unit 3rd floor, Unit 3rd floor
97 Washington street
GloucesterMA01930
20 Beacon St
GloucesterMA01930
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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Magnolia, Gloucester, MA Local Guide
How much does it cost to rent a home in Magnolia?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Magnolia 2 Bedroom Homes for Rent | $3,033 | $2,700 | $3,300 |
| Magnolia 3 Bedroom Homes for Rent | $7,780 | $3,200 | $10,000+ |
| Magnolia 4 Bedroom Homes for Rent | $6,212 | $4,450 | $8,650 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 4 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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Best Value Apartments for Rent in Magnolia, MA
As of April 24, 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 B2E Model at Halyard starting at $3,090 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. |
|---|---|---|---|
| Central Grammar | 2 bed / 1 bath | 2BR,1BA | $1.88 |
| Halyard | B2E | 2BR,2BA | $3.23 |
| 12 Hesperus Cir | 12 Hesperus Cir | 1BR,1BA | $2.89 |
| The Heights At Cape Ann | 2 Bedroom | 2BR,1BA | $2.93 |
| 1 Powder House Ln | One Bedroom 80% | 1BR,1BA | $3.82 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleThe 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.
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.
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Pet Friendly LifestyleMagnolia, Gloucester, MA
Ranked #4
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 Magnolia
What type of rentals are currently available in Magnolia?
There are currently 75 Apartments for Rent in Magnolia, MA with pricing that ranges from $1,600 to $3,600. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnolia ranging from $1,500 to $12,500.
What is the current price range for Rental Homes in Magnolia?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Magnolia ranges from $1,500 to $12,500 with an average monthly rent of $4,743.
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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Articles, How-To's, and Tips
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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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.
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Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.