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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
Cheap Apartments for Rent in Peabody, MA from $1,550 (61 Rentals)
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$2,155 - $2,450
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Sep 7Ezio‘s Place
2 Hotel AvePeabody, 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
37 Osborne Hill Dr
SalemMA01970
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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
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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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$1,700 - $2,200
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
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$1,700 - $2,200
Total Monthly Price
$1,700 - $2,200
36 Endicott St
36 Endicott StSalem, MA 01970
Moving to Boston Without Losing Your Mind: A Renter’s Guide to a Smooth Move
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$1,7001 Bedroom Apartments Available Now
3 Kingsley Terrace, Unit 12
3 Kingsley TerraceLynn, MA 01902
99 Laighton St
LynnMA01902
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$1,725 - $2,500
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,725 - $2,500
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$1,725 - $2,500
Mosaic
75 Baldwin StLynn, MA 01902
6 School St
SalemMA01970
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$1,900
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Sep 1Total Monthly Price
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$1,900
Total Monthly Price
$1,900
7 Wilson St, Unit 2
7 Wilson StLynn, MA 01902
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$1,900
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Now7 Berry St
7 Berry StDanvers, MA 01923
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$1,900 - $3,155
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowGrove Street Landing
64 Grove StSalem, MA 01970
217-219-219 Washington St
LynnMA01902
19 Halford Pl
LynnMA01902
5 Cliff St, Unit #5
5 Cliff St
BeverlyMA01915
Rent According to Income: A Look at Income-Restricted Rentals
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1 Hazel St
SalemMA01970
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$2,000
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1 Bedroom Apartment Available Sep 1Total Monthly Price
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$2,000
Total Monthly Price
$2,000
15 Hancock St, Unit 3
15 Hancock StSalem, MA 01970
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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
70 Mudge St
LynnMA01902
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$2,025 - $4,050
Plus Fees
Studio to 3 Bedroom Apartments Available NowMaple Square Apartments
128 Maple StDanvers, MA 01923
257 Washington St, Unit 11
257 Washington St
SalemMA01970
31 Forrester St
SalemMA01970
6 Northey St
SalemMA01970
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$2,120 - $2,600
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1 to 2 Bedroom Apartments Available NowPrinceton Crossing
12 Heritage DrSalem, MA 01970
6 St Paul St
SalemMA01970
What It Really Costs to Live in Boston: A Local Renter’s Guide
Thinking of moving to Boston? Discover the real cost of living in the city. Our local expert guide breaks down rent, hidden utility costs, transportation tips, and neighborhood tradeoffs to help you budget smarter.
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$2,200 - $2,300
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2 Bedroom Apartment Available Sep 1Total Monthly Price
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$2,200 - $2,300
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$2,200 - $2,300
230 Euclid Ave
230 Euclid AveLynn, MA 01904
35 Collins St, Unit 92
35 Collins St
DanversMA01923
6 Gallows Hill Rd
SalemMA01970
7 Harris St
SalemMA01970
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$2,200 - $2,425
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
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$2,200 - $2,425
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$2,200 - $2,425
31 Walter St
31 Walter StLynn, MA 01902
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$2,2001 Bedroom Apartments Available Sep 1
257 Washington St, Unit 16
257 Washington StSalem, MA 01970
257 Washington St, Unit 16
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
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Studio to 2 Bedroom Apartments
The Residences at St. James
160 Federal StSalem, MA 01970
Close to Boston, Easier to Rent: Your Guide to 5 Key Neighboring Cities
Find your perfect apartment outside Boston. We review Quincy, Braintree, Malden, Somerville, and Lynn, covering local hotspots, commute options, and available rental types.
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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
3 Isabella St
LynnMA01902
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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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Studio Apartments
10 Summer Street
10 Summer StSalem, MA 01970
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1 to 3 Bedroom Apartments
122 Boston
122 Boston StSalem, MA 01970
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.
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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 | $2,111 | $1,100 | $3,539 |
| Cheap Peabody 1 Bedroom Apartments | $2,522 | $1,550 | $4,134 |
| Cheap Peabody 2 Bedroom Apartments | $2,953 | $1,700 | $4,613 |
| Cheap Peabody 3 Bedroom Apartments | $3,147 | $2,500 | $4,300 |
| Cheap Peabody 4 Bedroom Apartments | $3,387 | $3,000 | $4,150 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Peabody, MA Local Guide
- Peabody Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Peabody, MA
Pricing Updated: 08/30/2026Current apartment rentals in the Peabody, MA area range in price from $1,900 to $4,150 with an overall median price of $2,550. 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 | $2,550 | $1,900 | 14 |
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 |
| 10 Summer Street | 0BR/1.0BA | Studio,1BA | $1,800 |
| University Square North | 1BR/1.0BA | 1BR,1BA | $1,895 |
| 7 Berry St | 1 Bedroom - 1st Floor | 1BR,1BA | $1,900 |
| Maple Square Apartments | Studio, 1 Bathroom | Studio,1BA | $2,025 |
| River Drive Apartments | B1 | 2BR,1BA | $2,250 |
| Boston/Federal Street | 1BR/1.0BA | 1BR,1BA | $2,250 |
Best Value Apartments for Rent in Peabody, MA
As of August 30, 2026 the best value apartment in the Peabody area is the $0.23 price per square foot 2BR/1.0BA Model at Chestnut Street in the in the East Lynn neighborhood starting from $2,250. The second greatest value Peabody apartment is the 74 Aborn St Model at 74 Aborn St, Unit Unit 3 starting at $2,350 with a $1.96 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. |
|---|---|---|---|
| Chestnut Street | 2BR/1.0BA | 2BR,1BA | $0.23 |
| 74 Aborn St, Unit Unit 3 | 74 Aborn St | 2BR,1BA | $1.96 |
| Michaels Landing | THIRD FLOOR CORNER | 2BR,2BA | $2.63 |
| 20 Locust St | Concept 2 | 2BR,2BA | $2.26 |
| Station 101 | 2 Bed A | 2BR,2BA | $2.73 |
| 7 Berry St | 1 Bedroom - 1st Floor | 1BR,1BA | $1.90 |
| 29 Park St, Unit 3 bedroom with 2 off street parking spaces | 29 Park St | 3BR,1BA | $2.65 |
| 85 Lynnfield St, Unit 2 | 85 Lynnfield St | 2BR,1BA | $2.60 |
| 31 Walter St | 31 Walter St | 2BR,1BA | $2.47 |
| University Square North | 1BR/1.0BA | 1BR,1BA | $2.43 |
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
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Read ArticleTop Neighborhoods Near Boston Colleges and Universities
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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
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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 $2,250 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 14 North and starts from $3,393.
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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