
Cheap Apartments for Rent in Peabody, KS from $500 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Peabody.


Skyview Apartments

Grandview Apartments

Valley View Apartments

Brickstone at Woodlawn LLC

21W at Wichita State
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.

Highland Square

Sundance Apartments

Willow Creek Apartments

Northpark Residences

Ponderosa Apartments

The Vineyards
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Broadstone Villas

Windemere at Tallgrass

209 Old Mill Rd

201 Old Mill Rd

120 Chestnut St

Country Park Residences
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

308 SW 5th St

Bel Aire Oliver

600 W 1st St

310 Glendale Ave

422 E 2nd St

313 W 1st St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

420 E 6th St

404 E 9th St
Peabody, KS Local Guide

How much does it cost to rent an apartment in Peabody?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peabody Studio Apartments | $753 | $625 | $1,645 |
| Peabody 1 Bedroom Apartments | $951 | $549 | $2,565 |
| Peabody 2 Bedroom Apartments | $1,266 | $549 | $3,865 |
| Peabody 3 Bedroom Apartments | $1,317 | $965 | $3,925 |
| Peabody 4 Bedroom Apartments | $2,000 | $2,000 | $2,000 |
Browse Top Apartments in Peabody
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Peabody, KS Local Guide
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Cheapest Available Peabody Apartments for Rent and Nearby
 The cheapest available apartment rental in Peabody, KS is a 1 Bed unit found at Indian Guide Terrace priced from $250. Grandview Apartments in the Northeast Wichita neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $585. Here is today’s list of the most affordable Peabody apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Indian Guide Terrace | 1 BR | 1BR,1BA | $250 |
| Grandview Apartments | I | 2BR,1BA | $585 |
| Valley View Apartments | Studio | Studio,1BA | $625 |
| 21W at Wichita State | One Bedroom Apartment | 1BR,1BA | $700 |
| Willow Creek Apartments | 1 Bed | 1 Bath | 580 sq ft | 1BR,1BA | $740 |
| Sundance Apartments | Savanna | 1BR,1BA | $767 |
| Brickstone at Woodlawn LLC | Monarch | 2BR,1BA | $799 |
| Ponderosa Apartments | 1 Bed 1 Bath | 1BR,1BA | $799 |
| Broadstone Villas | 2BR/2BA - Income Restricted | 2BR,2BA | $879 |
| EAST HAMPTON | Open concept living with walk-out patio/balcony... | 1BR,1BA | $905 |
Best Value Apartments for Rent in Peabody, KS and Nearby
As of March 19, 2026 the best value apartment in the Peabody area is the $0.99 price per square foot 3BR/2BA - Market Rent Model at Broadstone Villas in the in the Northeast Wichita neighborhood starting from $1,184. The second greatest value Peabody apartment is the Elizabeth Model at The Vineyards starting at $1,050 with a $0.91 price per square foot in the Northeast Wichita neighborhood. Here is today’s list of the best values for Peabody apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Broadstone Villas | 3BR/2BA - Market Rent | 3BR,2BA | $0.99 |
| The Vineyards | Elizabeth | 2BR,2.5BA | $0.91 |
| Brickstone at Woodlawn LLC | Regent | 3BR,2BA | $0.95 |
| Northpark Residences | Barrington | 2BR,2BA | $0.99 |
| 21 Rock Apartments | 2BR/1.0BA | 2BR,1BA | $1.22 |
| The Landing at Woodlawn Tower | 2 Bedroom 1 Bathrooms with WD Hookups | 2BR,1BA | $1.07 |
| EAST HAMPTON | Open concept living with walk-out patio/balcony... | 1BR,1BA | $1.04 |
| Grandview Apartments | I | 1BR,0.5BA | $0.90 |
| 21W at Wichita State | One Bedroom Apartment | 1BR,1BA | $1.13 |
| Indian Guide Terrace | 1 BR | 1BR,1BA | $0.43 |
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.
Read ArticleDon'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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Peabody, KS Rentals by Map
See the most popular apartments and homes in Peabody, KS
Frequently Asked Questions about Cheap Peabody Apartments
How much is rent for a Cheap One Bedroom Peabody Apartment?
The lowest price for a Cheap One Bedroom Peabody Apartment is $250 at Indian Guide Terrace.
What is the lowest price for a Cheap Two Bedroom Peabody Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Peabody is starting from $585 at Grandview Apartments.
What is the most affordable Peabody Three Bedroom Apartment?
The best deal on a cheap Peabody Three Bedroom Apartment rental is at Broadstone Villas and starts from $965.
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.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.