20 Central St
PeabodyMA01960
Cheap Apartments for Rent in Peabody, MA from $600 (105 Rentals)
Search the lowest-cost Apartments available for rent right now in Peabody.
76 Lowell St
PeabodyMA01960
17-19 Bowditch St
PeabodyMA01960
52 County 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
122 Lowell St
PeabodyMA01960
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$2,100
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$2,100
Total Monthly Price
$2,100
296 Lynn St, Unit #C, Unit #C
296 Lynn StPeabody, MA 01960
11 Park St
PeabodyMA01960
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Rent Specials
$2,200 - $2,600
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowEzio‘s Place
2 Hotel AvePeabody, MA 01960
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Rent Specials
$2,207 - $2,638
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,149 - $2,580
Required Monthly Fees
$58
Total Monthly Price
$2,207 - $2,638
eaves Peabody
51 Keys DrPeabody, MA 01960
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.
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$2,225 - $3,175
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Contact Us For AvailabilityTerrace Estates Apartments
143 Shore DrPeabody, MA 01960
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Rent Specials
$2,262 - $3,833
Total Monthly Price13 Month Lease Term
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,262 - $3,833
Total Monthly Price
Varies
Alexan Peabody
128 Newbury StPeabody, MA 01960
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$2,370 - $3,714
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,355 - $3,699
Required Monthly Fees
$15
Total Monthly Price
$2,370 - $3,714
14 North
1000 Crane Brook WayPeabody, MA 01960
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$2,3823 Bedroom Apartments Available Now
52 Washington St
52 Washington StPeabody, MA 01960
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$2,400
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available May 1Total Monthly Price
Base Rent
$2,400
Total Monthly Price
$2,400
67 Russell St, Unit 2 Bedroom In-Law, Unit 2 Bedroom In-Law
67 Russell StPeabody, MA 01960
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$2,400
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$2,400
Total Monthly Price
$2,400
6 Berry St, Unit 1, Unit 1
6 Berry StPeabody, MA 01960
4 Northend St
PeabodyMA01960
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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
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2 Bedroom Apartments
Gardner Commons
22 Pulaski StPeabody, MA 01960
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.
8 Walnut St
PeabodyMA01960
16 Paleologos St
PeabodyMA01960
245 Elliott St
BeverlyMA01915
11 Porter St
DanversMA01923
40R Highland Ave
SalemMA01970
65 Moulton St
LynnMA01905
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$1,400 - $2,070
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowThe Residences at St. James
160 Federal StSalem, MA 01970
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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
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$1,500 - $1,600
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,500 - $1,600
Total Monthly Price
$1,500 - $1,600
2 Johnsons Ter
2 Johnsons TerLynn, MA 01902
55 N Belgian Rd
DanversMA01923
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.
585 Essex St
LynnMA01901
236 Euclid Ave
LynnMA01904
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$1,7001 Bedroom Apartments Available Now
4 Kingsley Terrace, Unit 10
4 Kingsley TerraceLynn, MA 01902
2 Kingsley Terrace
LynnMA01902
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$1,7001 Bedroom Apartments Available Now
2 Kingsley Terrace, Unit 9
2 Kingsley TerraceLynn, MA 01902
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$1,700 - $2,500
Plus Fees
Studio to 2 Bedroom Apartments Available NowSalem Highlands
84 Highland AveSalem, MA 01970
160 Federal St
SalemMA01970
366 Essex St
SalemMA01970
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$1,8001 Bedroom Apartments Available Now
33-35 Essex Ct, Unit Unit 1
33-35 Essex CtLynn, MA 01902
542 Eastern Ave
LynnMA01902
Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & 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.
50 Baldwin St
LynnMA01902
138 Franklin St
LynnMA01902
1 Harbor St
SalemMA01970
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Rent Specials
$1,900
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Now7 Berry St
7 Berry StDanvers, MA 01923
260 Washington St
SalemMA01970
231 Lafayette St
SalemMA01970
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$1,900
Plus Fees
1 Bedroom Apartments Available Now260 Washington Apartments – Modern Living in the Heart of Salem
260 Washington StSalem, MA 01970
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$1,900
Plus Fees
1 Bedroom Apartments Available NowHistoric 1 Harbor St
1 Harbor StSalem, MA 01970
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$1,900Studio Apartments Available Sep 1
233 Lafayette St, Unit 4
233 Lafayette StSalem, MA 01970
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$1,9501 Bedroom Apartments Available Now
25 Hamilton Ave, Unit 3
25 Hamilton AveLynn, MA 01902
Explore Like a Local: The Insider's Guide to Boston
Explore Boston like a local with our guide to neighborhoods, history, and hidden gems. Discover the city's best apartments, from historic brownstones to modern high-rises, and find your perfect Boston home.
Peabody, MA Local Guide
Peabody Town Center by massmatt is licensed under CC BY 2.0
How much does it cost to rent an apartment in Peabody?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Cheap Peabody Studio Apartments | $1,928 | $1,100 | $3,089 |
| Cheap Peabody 1 Bedroom Apartments | $2,497 | $1,450 | $3,909 |
| Cheap Peabody 2 Bedroom Apartments | $2,974 | $1,600 | $5,292 |
| Cheap Peabody 3 Bedroom Apartments | $3,459 | $2,382 | $10,000+ |
| Cheap Peabody 4 Bedroom Apartments | $3,450 | $3,000 | $4,000 |
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: 04/15/2026Current 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 | $3,700 | $1,100 | 13 |
Cheapest Available Peabody Apartments for Rent
The cheapest available apartment rental in Peabody, MA is a Studio unit found at The Residences at St. James in the South Salem neighborhood priced from $1,400. 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 |
|---|---|---|---|
| The Residences at St. James | Studio 60% | Studio,1BA | $1,400 |
| Salem Highlands | Studio, non-renovated | Studio,1BA | $1,700 |
| Mosaic | 0 Beds, 1 Baths | Studio,1BA | $1,800 |
| River Drive Apartments | S1G | Studio,1BA | $1,850 |
| 260 Washington Apartments – Modern Living in the Heart of Salem | 1BR/1.0BA | 1BR,1BA | $1,900 |
| 7 Berry St | 1 Bedroom | 1BR,1BA | $1,900 |
| Historic 1 Harbor St | 1BR/1.0BA | 1BR,1BA | $1,900 |
| Princeton Crossing | Dog Friendly One Bedroom Standard | 1BR,1BA | $1,999 |
Best Value Apartments for Rent in Peabody, MA
As of April 15, 2026 the best value apartment in the Peabody area is the $1.88 price per square foot Three Bedroom Model at 23 Prince Street Apartments in the in the Choate Farm neighborhood starting from $3,750. The second greatest value Peabody apartment is the 84 Endicott St Model at 84 Endicott St, Unit 1-R starting at $3,500 with a $1.94 price per square foot in the South Peabody 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. |
|---|---|---|---|
| 23 Prince Street Apartments | Three Bedroom | 3BR,1.5BA | $1.88 |
| 84 Endicott St, Unit 1-R | 84 Endicott St | 3BR,1BA | $1.94 |
| 127 Canal St, Unit 3 | 127 Canal St | 4BR,2BA | $2.12 |
| 41 Collins St, Unit 2 | 41 Collins St | 4BR,1BA | $2.12 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 13 Becket St, Unit 2 | 13 Becket St | 2BR,1BA | $1.91 |
| 30 Henry Ave, Unit 3 | 30 Henry Ave | 3BR,1BA | $2.07 |
| 6 Berry St, Unit 1 | 6 Berry St | 2BR,1BA | $2.00 |
| 20 Locust St | Concept 2 | 2BR,2BA | $2.26 |
| 2 Johnsons Ter | 2 Johnsons Ter | 1BR,1BA | $2.29 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
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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.
Read ArticleDon'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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Best Local Schools in Peabody, MA
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See the most popular apartments and homes in Peabody, MA
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 The Residences at St. James listed at $1,400.
How much is rent for a Cheap One Bedroom Peabody Apartment?
The lowest price for a Cheap One Bedroom Peabody Apartment is $1,725 at The Residences at St. James.
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 $2,245 at Princeton Crossing.
What is the most affordable Peabody Three Bedroom Apartment?
The best deal on a cheap Peabody Three Bedroom Apartment rental is at 23 Prince Street Apartments and starts from $3,750.
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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