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$2,0001 Bedroom Apartments Available Jul 1
12 Summer St, Unit 1
12 Summer StGloucester, MA 01930
Cheap Homes for Rent in Magnolia Neighborhood of Gloucester, MA from $2,700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Magnolia area of Gloucester.
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$2,5502 Bedroom Apartments Available Jul 1
23 Mt Vernon St, Unit 2
23 Mt Vernon StGloucester, MA 01930
20 Beacon St
GloucesterMA01930
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.
83 Hesperus Ave
GloucesterMA01930
32 Beacon St
GloucesterMA01930
24 Cobblestone Ln
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 | $3,550 | $2,700 | $5,500 |
| Magnolia 4 Bedroom Homes for Rent | $4,575 | $3,900 | $5,250 |
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 6 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 1 Powder House Ln priced from $1,672. Central Grammar has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,935. 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 | $1,672 |
| Central Grammar | 2 bed / 1 bath | 2BR,1BA | $1,935 |
| Halyard | S1BH | Studio,1BA | $2,335 |
Best Value Apartments for Rent in Magnolia, MA
As of June 08, 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 2 in the in the West Gloucester neighborhood starting from $3,200. The second greatest value Magnolia apartment is the 2 bed / 1 bath Model at Central Grammar starting at $1,935 with a $1.88 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 2 | 21 Addison St | 3BR,1BA | $1.78 |
| Central Grammar | 2 bed / 1 bath | 2BR,1BA | $1.88 |
| 12 Hesperus Cir | 12 Hesperus Cir | 1BR,1BA | $2.89 |
| Halyard | S1BH | Studio ,1BA | $3.68 |
| 1 Powder House Ln | One Bedroom 80% | 1BR,1BA | $3.82 |
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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Real 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 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 #3
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 71 Apartments for Rent in Magnolia, MA with pricing that ranges from $1,672 to $3,700. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnolia ranging from $2,700 to $5,500.
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 $2,700 to $5,500 with an average monthly rent of $4,062.
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
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Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.