
Cheap Apartments for Rent in Peabody, KS from $500 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in Peabody.


Grandview Apartments

Shannon Plaza Apartments

Skyview Apartments

Brickstone at Woodlawn LLC

21W Apartments

Highland Square

Sunnydale Pointe Apartments

Valley View Apartments
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.

Sundance Apartments

Bailey Court Apartments

Tall Oaks Apartments

Willow Creek Apartments

Parc At 21st

615 E 5th St

Ponderosa Apartments

Eaglerock Village Apartments

Union Mill
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

The Landing at Woodlawn Tower

Broadstone Villas

Windemere at Tallgrass

EAST HAMPTON

South Park Apartments

Inwood Crossings

The Vineyards

21 Rock Apartments

Cross Creek Apartments and Townhomes
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Kansas Villas

203 Old Mill Rd

Country Park Residences

609 SE 4th St

304 SE 5th St

106 S Arthur St

Bel Aire Oliver

425 SW 3rd St

220 Ohio St
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.

210 Ohio St

1014 W 2nd Ave

801 W 2nd St

421 Old Main St

205 N Elm St

La Crosse Apartments

The Flats at Chisholm Creek

675 E Mls Dr

736 W 15th St
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.

623 N Mills Dr

312 S Poplar St

Plazzio Place Apartments
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 | $939 | $864 | $1,014 |
| Peabody 1 Bedroom Apartments | $1,034 | $515 | $2,915 |
| Peabody 2 Bedroom Apartments | $1,469 | $716 | $4,065 |
| Peabody 3 Bedroom Apartments | $1,804 | $758 | $4,925 |
| Peabody 4 Bedroom Apartments | $2,000 | $2,000 | $2,000 |
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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 1 Bed apartment currently listed from $515. 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 | E | 1BR, | $515 |
| Shannon Plaza Apartments | 1 Bedroom/ 1 Bath | 1BR,1BA | $625 |
| 21W Apartments | One Bedroom Apartment | 1BR,1BA | $700 |
| Brickstone at Woodlawn LLC | Avalon | 1BR,1BA | $700 |
| Skyview Apartments | 2b 1b | 2BR,1BA | $719 |
| Sundance Apartments | Sierra | 1BR,1BA | $743 |
| Bailey Court Apartments | 2 Beds, 1.5 baths | 2BR,1BA | $750 |
| Willow Creek Apartments | 1 Bed | 1 Bath | 580 sq ft | 1BR,1BA | $760 |
| Parc At 21st | A1 | 1BR,1BA | $798 |
Best Value Apartments for Rent in Peabody, KS and Nearby
As of August 18, 2026 the best value apartment in the Peabody area is the $1.12 price per square foot 3 bedroom Model at Tall Oaks Apartments in the in the Northeast Wichita neighborhood starting from $1,230. The second greatest value Peabody apartment is the 2 Bedroom Market (non-restricted) Model at Sunnydale Pointe Apartments starting at $1,112 with a $1.06 price per square foot in the West 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. |
|---|---|---|---|
| Tall Oaks Apartments | 3 bedroom | 3BR,2BA | $1.12 |
| Sunnydale Pointe Apartments | 2 Bedroom Market (non-restricted) | 2BR,2BA | $1.06 |
| Broadstone Villas | 2BR/2BA - Income Restricted | 2BR,2BA | $0.85 |
| Bailey Court Apartments | 2 Beds, 1.5 baths | 2BR,1.5BA | $0.78 |
| Inwood Crossings | 2 Bed, 2 Bath (60% Income Restricted) | 2BR,2BA | $1.02 |
| EAST HAMPTON | Open concept living with walk-out patio/balcony... | 1BR,1BA | $1.04 |
| Skyview Apartments | 2b 1b | 2BR,1BA | $0.96 |
| Grandview Apartments | E | 1BR,0.5BA | $0.74 |
| Brickstone at Woodlawn LLC | Avalon | 1BR,1BA | $1.11 |
| Indian Guide Terrace | 1 BR | 1BR,1BA | $0.43 |
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 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 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 $719 at Skyview 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

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.

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.

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.