49 Fulton St
PeabodyMA01960
Cheap Apartments for Rent in Peabody, MA from $600 (55 Rentals)
Search the lowest-cost Apartments available for rent right now in Peabody.
126 Lowell St
PeabodyMA01960
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Rent Specials
$1,925 - $2,575
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Contact Us For AvailabilityTerrace Gardens
2 Esquire DrPeabody, MA 01960
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Rent Specials
$2,082 - $2,643
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,024 - $2,585
Required Monthly Fees
$58
Total Monthly Price
$2,082 - $2,643
eaves Peabody
51 Keys DrPeabody, MA 01960
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Studio Apartments
2 Main Street
2 Main StPeabody, MA 01960
4 Mill St, Unit 5
4 Mill St
PeabodyMA01960
4 Mill St, Unit 9
4 Mill St
PeabodyMA01960
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Studio to 2 Bedroom Apartments
Peabody Place, LLC.
115 Lowell StPeabody, MA 01960
40R Highland Ave
SalemMA01970
37 Osborne Hill Dr
SalemMA01970
Top Short-Term Rental Neighborhoods in Boston: Tips from a Local Expert
Get a local expert's guide to Boston's top 5 short-term rental neighborhoods. Essential tips on Fenway, Beacon Hill, Seaport, and Allston/Brighton.
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$1,550 - $1,700
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilitySalem Heights
12 Pope StSalem, MA 01970
65 Moulton St
LynnMA01905
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$1,700Studio Apartments Available Now
11 River Dr, Unit B
11 River DrDanvers, MA 01923
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$1,700
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,700
Total Monthly Price
$1,700
36 Endicott St
36 Endicott StSalem, MA 01970
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$1,700Studio Apartments Available Now
3 River Dr, Unit B
3 River DrDanvers, MA 01923
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$1,700 - $2,500
Plus Fees
Studio to 2 Bedroom Apartments Available NowSalem Highlands
84 Highland AveSalem, MA 01970
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$1,7001 Bedroom Apartments Available Now
2 Kingsley Terrace, Unit 9
2 Kingsley TerraceLynn, MA 01902
99 Laighton St
LynnMA01902
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Rent Specials
$1,795 - $2,500
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,795 - $2,500
Total Monthly Price
$1,795 - $2,500
Mosaic
75 Baldwin StLynn, MA 01902
98 Margin St
SalemMA01970
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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40 Winthrop St, Unit Room in a house
40 Winthrop St
SalemMA01970
124 W Green St
LynnMA01902
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$1,995
Total Monthly Price15 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,995
Total Monthly Price
$1,995
8 Hersey St, Unit 3
8 Hersey StSalem, MA 01970
8 Hersey St
SalemMA01970
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$2,000 - $3,025
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowStation 101
101 Rantoul StBeverly, MA 01915
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$2,0001 Bedroom Apartments Available Aug 1
233 Lafayette St, Unit 24
233 Lafayette StSalem, MA 01970
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$2,000Studio Apartments Available Aug 1
233 Lafayette St, Unit 22
233 Lafayette StSalem, MA 01970
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$2,000
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Aug 1Total Monthly Price
Base Rent
$2,000
Total Monthly Price
$2,000
5 Adams St, Unit 1
5 Adams StSalem, MA 01970
233 Lafayette St
SalemMA01970
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$2,025 - $4,050
Plus Fees
Studio to 3 Bedroom Apartments Available NowMaple Square Apartments
128 Maple StDanvers, MA 01923
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.
141 Franklin St
LynnMA01902
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$2,1001 Bedroom Apartments Available Now
257 Washington St, Unit 3
257 Washington StSalem, MA 01970
257 Washington St, Unit 3
257 Washington St
SalemMA01970
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Studio to 1 Bedroom Apartments
Fairweather Apartments (Age 62+ Community)
40 Highland AveSalem, MA 01970
116 Lafayette St
SalemMA01970
126 Union St
LynnMA01902
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Studio to 2 Bedroom Apartments
The Residences at St. James
160 Federal StSalem, MA 01970
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Studio to 3 Bedroom Apartments
The Lighthouses
34 Peabody StSalem, MA 01970
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1 to 4 Bedroom Apartments
Cobbet Hill
498 Essex StLynn, MA 01902
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1 Bedroom Apartments
327 Jefferson Ave
327 Jefferson AveSalem, MA 01970
Cash 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.
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1 to 3 Bedroom Apartments
143 Canal St
143 Canal StSalem, MA 01970
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1 to 2 Bedroom Apartments
Floating Bridge Pond
627-631 Eastern AveLynn, MA 01902
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Studio to 2 Bedroom Apartments
River Drive Apartments
3-17 River DrDanvers, MA 01923
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1 Bedroom Apartments
Perry Street Apartments
11 Perry DrDanvers, MA 01923
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1 Bedroom Apartments
7 Berry St
7 Berry StDanvers, MA 01923
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1 Bedroom Apartments
1 Harbor
1 Harbor StSalem, MA 01970
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1 to 3 Bedroom Apartments
122 Boston
122 Boston StSalem, MA 01970
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1 Bedroom Apartments
Fairfax
176 Lafayette StSalem, MA 01970
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1 Bedroom Apartments
278 Lafayette St
278 Lafayette StSalem, MA 01970
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1 to 3 Bedroom Apartments
Park Towers
100 Washington StSalem, MA 01970
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.
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Peabody, MA Local Guide
How much does it cost to rent an apartment in Peabody?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Cheap Peabody Studio Apartments | $2,063 | $1,100 | $3,449 |
| Cheap Peabody 1 Bedroom Apartments | $2,480 | $1,550 | $4,007 |
| Cheap Peabody 2 Bedroom Apartments | $3,012 | $1,700 | $4,520 |
| Cheap Peabody 3 Bedroom Apartments | $3,260 | $2,500 | $4,900 |
| Cheap Peabody 4 Bedroom Apartments | $5,837 | $2,800 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Peabody
See all Apartments in PeabodyExplore Peabody
Peabody, MA Local Guide
- Peabody Neighborhoods
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Cheapest Neighborhoods for Apartments in Peabody, MA
Pricing Updated: 07/15/2026Current apartment rentals in the Peabody, MA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Peabody Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Peabody | $3,100 | $1,550 | 10 |
Cheapest Available Peabody Apartments for Rent
The cheapest available apartment rental in Peabody, MA is a Studio unit found at River Drive Apartments in the Central Peabody neighborhood priced from $1,700. Salem Highlands in the South Salem neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,700. Here is today’s list of the most affordable Peabody apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| River Drive Apartments | S1G | Studio,1BA | $1,700 |
| Salem Highlands | Studio, non-renovated | Studio,1BA | $1,700 |
| Mosaic | Studio 1 | 1BR,1BA | $1,795 |
| 278 Lafayette St | 1 Beds, 1 Baths | 1BR,1BA | $1,900 |
| 14 New Derby | 1BR/1.0BA | 1BR,1BA | $1,975 |
| Maple Square Apartments | Studio, 1 Bathroom | Studio,1BA | $2,025 |
| eaves Peabody | A1 | 1BR,1BA | $2,082 |
| University Square North | 1BR/1.0BA | 1BR,1BA | $2,175 |
Best Value Apartments for Rent in Peabody, MA
As of July 15, 2026 the best value apartment in the Peabody area is the $1.78 price per square foot 84 Endicott St Model at 84 Endicott St, Unit 1-R in the in the South Peabody neighborhood starting from $3,200. The second greatest value Peabody apartment is the 23 Gardner St Model at 23 Gardner St starting at $2,600 with a $1.86 price per square foot in the South Salem 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. |
|---|---|---|---|
| 84 Endicott St, Unit 1-R | 84 Endicott St | 3BR,1BA | $1.78 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 13 Becket St, Unit 2 | 13 Becket St | 2BR,1BA | $1.91 |
| 13 Becket St, Unit 2 | 13 Becket St | 2BR,1BA | $1.91 |
| 63 Ingalls St, Unit APT1 | 63 Ingalls St | 3BR,1BA | $2.29 |
| Michaels Landing | FIRST FLOOR CORNER | 2BR,2BA | $2.42 |
| 20 Locust St | Concept 2 | 2BR,2BA | $2.26 |
| 14 North | Bayberry Shores (B2F) | 2BR,2BA | $2.60 |
| 454 Chatham St, Unit apt2 | 454 Chatham St | 2BR,1BA | $2.00 |
| Folly Hill Meadows | 870SF 1 bed | 1BR,1BA | $2.59 |
Boston Neighborhood Guide: Living Near UMass, MGH, and State Street
Get the local scoop! ApartmentHomeLiving's Boston Expert reveals the best neighborhoods to rent for employees of UMass Boston, Mass General Hospital, State Street, and more.
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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 ArticleTop Neighborhoods Near Boston Colleges and Universities
Learn About the Best Neighborhoods to Rent Near College Campuses in Boston, MA | Find Boston Off-Campus Student Housing at ApartmentHomeLiving.com
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.
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Peabody, MAPopulation: 53,278
Ranked #736
in US Census Population by City
Best Local Schools in Peabody, MA
School data provided by Great Schools
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Frequently Asked Questions about Cheap Peabody Apartments
What is the Cheapest Studio apartment in Peabody?
Currently the most affordable Cheap Studio Apartment in Peabody is at River Drive Apartments listed at $1,700.
How much is rent for a Cheap One Bedroom Peabody Apartment?
The lowest price for a Cheap One Bedroom Peabody Apartment is $1,795 at Mosaic.
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 $2,250 at River Drive Apartments.
What is the most affordable Peabody Three Bedroom Apartment?
The best deal on a cheap Peabody Three Bedroom Apartment rental is at Bradlee Danvers and starts from $3,673.
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.
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