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$1,600
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Jun 15Total Monthly Price
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$1,600
Total Monthly Price
$1,600
6 Castle Cir, Unit B
6 Castle CirPeabody, MA 01960
Cheap Apartments for Rent in Peabody, MA from $600 (70 Rentals)
Search the lowest-cost Apartments available for rent right now in Peabody.
126 Lowell St
PeabodyMA01960
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$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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Studio Apartments
2 Main Street
2 Main StPeabody, MA 01960
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Studio to 2 Bedroom Apartments
Peabody Place, LLC.
115 Lowell StPeabody, MA 01960
148 Washington St
PeabodyMA01960
40R Highland Ave
SalemMA01970
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$1,4001 Bedroom Apartments Available Now
10 Howard St, Unit 2
10 Howard StSalem, MA 01970
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$1,4001 Bedroom Apartments Available Now
10 Howard St, Unit 3
10 Howard StSalem, MA 01970
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$1,4001 Bedroom Apartments Available Now
10 Howard St, Unit 1
10 Howard StSalem, MA 01970
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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$1,450 - $1,600
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilitySalem Heights
12 Pope StSalem, MA 01970
37 Osborne Hill Dr
SalemMA01970
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$1,6001 Bedroom Apartments Available Now
150 Federal St, Unit FOR RENT UTILITIES WIFI PARKING
150 Federal StSalem, MA 01970
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$1,700 - $2,500
Plus Fees
Studio to 2 Bedroom Apartments Available NowSalem Highlands
84 Highland AveSalem, MA 01970
2 Kingsley Terrace
LynnMA01902
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$1,7001 Bedroom Apartments Available Now
2 Kingsley Terrace, Unit 9
2 Kingsley TerraceLynn, MA 01902
366 Essex St
SalemMA01970
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$1,800
Plus Fees
1 Bedroom Apartments Contact Us For AvailabilityHistoric 1 Harbor St
1 Harbor StSalem, MA 01970
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$1,800
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Now7 Berry St
7 Berry StDanvers, MA 01923
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$1,8001 Bedroom Apartments Available Now
33-35 Essex Ct, Unit 1
33-35 Essex CtLynn, MA 01902
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.
233 Lafayette St
SalemMA01970
303 Broadway
LynnMA01904
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$1,995
Total Monthly Price15 Month Lease Term
2 Bedroom Apartment Available Jun 15Total Monthly Price
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$1,995
Total Monthly Price
$1,995
8 Hersey St, Unit 3
8 Hersey StSalem, MA 01970
8 Hersey St
SalemMA01970
141 Franklin St
LynnMA01902
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$2,000
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Jun 1Total Monthly Price
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$2,000
Total Monthly Price
$2,000
102 Holten St, Unit 102 holten st 3
102 Holten StDanvers, MA 01923
75 Haviland Ave
LynnMA01902
472 Essex St
LynnMA01902
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$2,052
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
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$2,052
Total Monthly Price
$2,052
20 Locust St
20 Locust StDanvers, MA 01923
90 Ford St
LynnMA01904
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.
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$2,1001 Bedroom Apartments Available Jun 1
257 Washington St, Unit 3
257 Washington StSalem, MA 01970
257 Washington St, Unit 3
257 Washington St
SalemMA01970
257 Washington St, Unit 11
257 Washington St
SalemMA01970
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$2,150 - $4,050
Plus Fees
Studio to 3 Bedroom Apartments Available NowMaple Square Apartments
128 Maple StDanvers, MA 01923
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$2,150 - $2,550
Plus Fees
1 to 2 Bedroom Apartments Available Jul 6Princeton Crossing
12 Heritage DrSalem, MA 01970
257 Washington St, Unit 16
257 Washington St
SalemMA01970
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$2,1751 Bedroom Apartments Available Aug 2
8 Hancock St, Unit 1L
8 Hancock StSalem, MA 01970
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$2,175
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Jul 1Total Monthly Price
Base Rent
$2,175
Total Monthly Price
$2,175
30 Gardner St, Unit 2
30 Gardner StSalem, MA 01970
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$2,1751 Bedroom Apartments Available Sep 1
257 Washington St, Unit 16
257 Washington StSalem, MA 01970
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$2,195 - $2,850
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowFolly Hill Meadows
1 Apple RdBeverly, MA 01915
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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$2,199
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
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$2,199
Total Monthly Price
$2,199
454 Chatham St, Unit apt2
454 Chatham StLynn, MA 01902
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$2,200
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
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$2,200
Total Monthly Price
$2,200
230 Broadway, Unit #2
230 BroadwayLynn, MA 01904
13 School St
BeverlyMA01915
127 Washington St
LynnMA01902
17 Pickman St
SalemMA01970
15 River St
BeverlyMA01915
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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
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.
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 | $2,363 | $1,100 | $3,989 |
| Cheap Peabody 1 Bedroom Apartments | $2,585 | $1,400 | $3,831 |
| Cheap Peabody 2 Bedroom Apartments | $3,086 | $1,600 | $5,164 |
| Cheap Peabody 3 Bedroom Apartments | $3,401 | $2,675 | $10,000+ |
| Cheap Peabody 4 Bedroom Apartments | $6,050 | $3,200 | $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
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Peabody, MA Local Guide
- Peabody Neighborhoods
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Cheapest Neighborhoods for Apartments in Peabody, MA
Pricing Updated: 05/30/2026Current 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 | $3,300 | $1,800 | 8 |
Cheapest Available Peabody Apartments for Rent
The cheapest available apartment rental in Peabody, MA is a Studio unit found at Salem Highlands in the South Salem neighborhood priced from $1,700. Mosaic in the Central neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,795. Here is today’s list of the most affordable Peabody apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Salem Highlands | Studio, non-renovated | Studio,1BA | $1,700 |
| Mosaic | 1 Beds, 1 Baths | 1BR,1BA | $1,795 |
| River Drive Apartments | S1G | Studio,1BA | $1,800 |
| 20 Locust St | Concept 4 | 1BR,1BA | $2,052 |
| Maple Square Apartments | Studio, 1 Bathroom | Studio,1BA | $2,150 |
| Folly Hill Meadows | 1Bd 1Bt (820 sq ft) | 1BR,1BA | $2,195 |
Best Value Apartments for Rent in Peabody, MA
As of May 31, 2026 the best value apartment in the Peabody area is the $0.78 price per square foot 12 Walter St Model at 12 Walter St, Unit #1 in the in the East Lynn neighborhood starting from $3,275. The second greatest value Peabody apartment is the 6 March St Model at 6 March St, Unit 6 March St starting at $3,600 with a $2.40 price per square foot in the Centerville 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. |
|---|---|---|---|
| 12 Walter St, Unit #1 | 12 Walter St | 3BR,1BA | $0.78 |
| 6 March St, Unit 6 March St | 6 March St | 4BR,1BA | $2.40 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 13 Becket St, Unit 2 | 13 Becket St | 2BR,1BA | $1.91 |
| Michaels Landing | TOP FLOOR 2BED 2BATH | 2BR,2BA | $2.50 |
| 46 Grove St, Unit 3 | 46 Grove St | 3BR,1BA | $2.50 |
| 63 Ingalls St, Unit APT1 | 63 Ingalls St | 3BR,1BA | $2.29 |
| 454 Chatham St, Unit apt2 | 454 Chatham St | 2BR,1BA | $2.00 |
| 230 Broadway, Unit #2 | 230 Broadway | 2BR,1BA | $2.20 |
| 20 Locust St | Concept 4 | 1BR,1BA | $2.41 |
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
Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 Salem Highlands 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 $2,292 at Ezio‘s Place.
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 $3,659.
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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The 10 Best Affordable Neighborhoods in Boston, MA
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Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street
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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.