2 Bedroom Apartments for Rent in Peabody, MA Under $1,500 (1 Rental)
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.
Peabody, MA Local Guide

How much does it cost to rent an apartment in Peabody?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Peabody Studio Apartments | $1,882 | $1,050 | $2,700 |
Peabody 1 Bedroom Apartments | $2,764 | $1,350 | $10,000+ |
Peabody 2 Bedroom Apartments | $3,267 | $1,500 | $10,000+ |
Peabody 3 Bedroom Apartments | $3,618 | $2,650 | $4,600 |
Peabody 4 Bedroom Apartments | $2,800 | $2,800 | $2,800 |
Explore Peabody
Peabody, MA Local Guide
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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.
Getting Around Peabody, MA
Walk Score®
62 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
42 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
1 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about 2 Bedroom Peabody Apartments
What is the Cheapest apartment in Peabody with 2 Bedroom?
Currently the most affordable 2 Bedroom in Peabody is at Ezio‘s Place listed at $2,200.
How much is the average rent for a 2 Bedroom Peabody Apartment?
The average rent for a 2 Bedroom Apartment in Peabody is $3,267.
What is the largest available 2 Bedroom Peabody Apartment for rent?
Today's apartment with the most square footage in Peabody is a 1,538 square feet unit starting from $3,505 at Sofi At Salem Station.
What is the average size for Peabody 2 Bedroom Apartments for rent?
The average size for a 2 Bedroom rental in Peabody is currently 1,167 sq ft.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.