622 Heights at Cape Ann
GloucesterMA01930
Cheap Homes for Rent in Magnolia Neighborhood of Gloucester, MA from $2,100 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Magnolia area of Gloucester.
17 Millett St, Unit Furnished condo
17 Millett St
GloucesterMA01930
97 Washington street, Unit 3rd floor
97 Washington street
GloucesterMA01930
Showing Results 1-3, Page 1 of 1
Magnolia, Gloucester, MA Local Guide
Southeast Harbor by Eric Harrison is licensed under CC BY 2.0
How much does it cost to rent a home in Magnolia?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Magnolia 3 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
| Magnolia 4 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
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 3 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
- School Districts
Best Value Apartments for Rent in Magnolia, MA
As of October 13, 2025 the best value apartment in the Magnolia area is the $2.08 price per square foot 119 Pleasant St Model at 119 Pleasant St, Unit #3 in the in the West Gloucester neighborhood starting from $2,500. 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. |
|---|---|---|---|
| 119 Pleasant St, Unit #3 | 119 Pleasant St | 2BR,1BA | $2.08 |
| The Heights At Cape Ann | 2 Bedroom | 2BR,1BA | $3.25 |
| Halyard | A1A | 1BR,1BA | $3.55 |
| 1 Powder House Ln | One Bedroom 60% | 1BR,1BA | $2.68 |
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 #3
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet 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 65 Apartments for Rent in Magnolia, MA with pricing that ranges from $1,610 to $3,330. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnolia ranging from $2,150 to $4,500.
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 $2,150 to $4,500 with an average monthly rent of $3,261.
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.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.