2 School St
Manchester by the SeaMA01944
Cheap Homes for Rent in the Magnolia Neighborhood of Gloucester, MA from $3,000 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Magnolia area of Gloucester.
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
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.
24 Cobblestone Ln
GloucesterMA01930
Showing Results 1-3, 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 | $3,300 | $5,500 |
| Magnolia 3 Bedroom Homes for Rent | $3,950 | $3,800 | $4,100 |
| Magnolia 4 Bedroom Homes for Rent | $5,674 | $3,700 | $9,999 |
| Magnolia 5 Bedroom Homes for Rent | $6,500 | $6,500 | $6,500 |
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 July 23, 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 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. |
|---|---|---|---|
| Central Grammar | 2 bed / 1 bath | 2BR,1BA | $1.88 |
| 117 Western Ave, Unit 2 | 117 Western Ave | 3BR,1.5BA | $2.70 |
| 24 Sumner St, Unit 1 | 24 Sumner St | 1BR,1BA | $1.90 |
| Halyard | A1A | 1BR,1BA | $4.04 |
| 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.
Read Article
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.
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 #4
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet 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 $5,000. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnolia ranging from $3,090 to $9,999.
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 $3,090 to $9,999 with an average monthly rent of $4,670.
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
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!
Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts. Getting to know your new neighborhood is one of the best parts of moving, and we’re excited to help you get started.
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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.