143 Prospect St, Unit 2
143 Prospect St
GloucesterMA01930
Cheap Homes for Rent in the Magnolia Neighborhood of Gloucester, MA from $1,800 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Magnolia area of Gloucester.
4 Lobster Ln
GloucesterMA01930
Boston's Best Affordable Neighborhoods
Learn about Boston and the best places to live around the area with original content written by our Boston, MA Local Expert Amelia Ramstead
48 Union St
Manchester by the SeaMA01944
1 School St
Manchester by the SeaMA01944
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Showing Results 1-4, Page 1 of 1
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 | $4,133 | $3,400 | $5,500 |
| Magnolia 3 Bedroom Homes for Rent | $4,170 | $2,800 | $6,000 |
| Magnolia 4 Bedroom Homes for Rent | $6,812 | $5,250 | $9,999 |
| Magnolia 5 Bedroom Homes for Rent | $14,500 | $10,000 | $10,000+ |
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.
Explore Gloucester
Magnolia, Gloucester, MA Local Guide
- Nearby Gloucester neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Best Value Apartments for Rent in Magnolia, MA
As of September 07, 2026 the best value apartment in the Magnolia area is the $1.78 price per square foot 21 Addison St Model at 21 Addison St, Unit 21 Addison street unit. 2 in the in the West Gloucester neighborhood starting from $3,200. The second greatest value Magnolia apartment is the 117 Western Ave Model at 117 Western Ave, Unit 2 starting at $2,700 with a $2.70 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. |
|---|---|---|---|
| 21 Addison St, Unit 21 Addison street unit. 2 | 21 Addison St | 3BR,1BA | $1.78 |
| 117 Western Ave, Unit 2 | 117 Western Ave | 3BR,1.5BA | $2.70 |
| Halyard | A1A | 1BR,1BA | $3.93 |
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 Article
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
Read Article
Quick 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.
Let everyone know!
Do you know the Magnolia area?
If you’re an expert on all things Magnolia, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 Magnolia
What type of rentals are currently available in Magnolia?
There are currently 79 Apartments for Rent in Magnolia, MA with pricing that ranges from $1,500 to $5,000. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnolia ranging from $1,800 to $14,500.
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 $1,800 to $14,500 with an average monthly rent of $5,401.
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
Moving to Boston Without Losing Your Mind: A Renter’s Guide to a Smooth Move
Written by: Amelia Ramstead
Hello! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston.
What It Really Costs to Live in Boston: A Local Renter's Guide
Written by: Amelia Ramstead
Hello! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston.
Close to Boston, Easier to Rent: Your Guide to 5 Key Neighboring Cities
Written by: Amelia Ramstead
Hello! I’m Amelia, your ApartmentHomeLiving.com expert for Boston!
Top Short-Term Rental Neighborhoods in Boston: Tips from a Local Expert
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com expert for Boston, and I’m excited to help you find your next home!
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.