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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
Cheap Apartments for Rent in the Central Peabody Neighborhood of Peabody, MA from $600 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Peabody area of Peabody.
69 Washington St
PeabodyMA01960
39 Dustin St
PeabodyMA01960
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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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$2,239 - $3,741
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,224 - $3,726
Required Monthly Fees
$15
Total Monthly Price
$2,239 - $3,741
14 North
1000 Crane Brook WayPeabody, MA 01960
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$2,280
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$2,280
Total Monthly Price
$2,280
6 Berry St, Unit 1
6 Berry StPeabody, MA 01960
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$2,300
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Sep 1Total Monthly Price
Base Rent
$2,300
Total Monthly Price
$2,300
76 Lynn St, Unit Second floor
76 Lynn StPeabody, MA 01960
24 Tracey St
PeabodyMA01960
Boston's Best Affordable Neighborhoods
Learn about Boston and the best places to live around the area with original content written by our Boston, MA Local Expert Amelia Ramstead
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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
74 Aborn St, Unit 3
74 Aborn StPeabody, MA 01960
122 Foster St
PeabodyMA01960
25 Sherman St
PeabodyMA01960
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$2,513 - $3,363
Total Monthly Price
2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,455 - $3,305
Required Monthly Fees
$58
Total Monthly Price
$2,513 - $3,363
eaves Peabody
51 Keys DrPeabody, MA 01960
8 Crowninshield St
PeabodyMA01960
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$2,620 - $3,671
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,620 - $3,671
Total Monthly Price
$2,620 - $3,671
Essex Apartment Homes
One Avalon DrPeabody, MA 01960
25 Franklin St
PeabodyMA01960
84 Aborn St, Unit 1303
84 Aborn St
PeabodyMA01960
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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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
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2 Bedroom Apartments
Gardner Commons
22 Pulaski StPeabody, MA 01960
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2 Bedroom Apartments
Peabody Park
48 Prospect StPeabody, MA 01960
37 Osborne Hill Dr
SalemMA01970
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$1,700 - $2,500
Plus Fees
Studio to 2 Bedroom Apartments Available NowSalem Highlands
84 Highland AveSalem, 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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$1,900 - $3,155
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowGrove Street Landing
64 Grove StSalem, MA 01970
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$2,150 - $2,600
Plus Fees
1 to 2 Bedroom Apartments Available Aug 31Princeton Crossing
12 Heritage DrSalem, MA 01970
391 Cedar Brook Rd
LynnMA01904
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$2,510 - $15,988
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,495 - $15,973
Required Monthly Fees
$15
Total Monthly Price
$2,510 - $15,988
Hawthorne Commons
205 Highland AveSalem, MA 01970
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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 to 3 Bedroom Apartments
122 Boston
122 Boston StSalem, MA 01970
10 Beaver St
SalemMA01970
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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1 to 3 Bedroom Apartments
River Rock Residences
92 Boston StSalem, MA 01970
Showing Results 1-33, Page 1 of 1
Central Peabody, Peabody, MA Local Guide
How much does it cost to rent an apartment in Central Peabody?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Central Peabody Studio Apartments | $2,155 | $1,700 | $3,539 |
| Central Peabody 1 Bedroom Apartments | $2,504 | $1,925 | $3,130 |
| Central Peabody 2 Bedroom Apartments | $2,756 | $2,100 | $3,671 |
| Central Peabody 3 Bedroom Apartments | $3,210 | $2,500 | $3,741 |
| Central Peabody 4 Bedroom Apartments | $3,775 | $3,400 | $4,150 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 33 rentals with your search options within a 2 mile radius of the Central Peabody Neighborhood of Peabody, MA.
See all Apartments in PeabodyExplore Peabody
Central Peabody, Peabody, MA Local Guide
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Cheapest Available Central Peabody Apartments for Rent
The cheapest available apartment rental in the Central Peabody area of Boston, MA is a Studio unit found at River Drive Apartments priced from $1,625. Salem Highlands has the second lowest priced unit, which is a Studio apartment currently listed from $1,700. Here are the most affordable Central Peabody apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| River Drive Apartments | S1G | Studio,1BA | $1,625 |
| Salem Highlands | Studio, non-renovated | Studio,1BA | $1,700 |
| 14 North | Alpine Meadows (A1C) | 1BR,1BA | $2,239 |
| Hawthorne Commons | The Chestnut | 1BR,1BA | $2,510 |
| eaves Peabody | B2 | 2BR,1BA | $2,513 |
| Grove Street Landing | 1E | 1BR,1BA | $2,525 |
| Essex Apartment Homes | Prospect | 1BR,1BA | $2,620 |
| River Properties | 2 Bed 1 bath 70 Boston Street | 2BR,1BA | $2,925 |
Best Value Apartments for Rent in Central Peabody, MA
As of August 23, 2026 the best value apartment in the Central Peabody area is the $2.00 price per square foot 74 Aborn St Model at 74 Aborn St, Unit 3 in the in the South Salem neighborhood starting from $2,400. The second greatest value Central Peabody apartment is the 33 Water St Model at 33 Water St, Unit Apt 1 starting at $3,300 with a $2.75 price per square foot in the Choate Farm neighborhood. Here is today’s list of the best values for Central Peabody apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 74 Aborn St, Unit 3 | 74 Aborn St | 2BR,1BA | $2.00 |
| 33 Water St, Unit Apt 1 | 33 Water St | 2BR,2.5BA | $2.75 |
| 6 Berry St, Unit 1 | 6 Berry St | 2BR,1BA | $1.90 |
| River Properties | 2 Bed 1 bath 70 Boston Street | 2BR,1BA | $2.81 |
| eaves Peabody | B1 | 2BR,1BA | $2.97 |
| Essex Apartment Homes | Prospect | 1BR,1BA | $3.18 |
| Hawthorne Commons | The Hamilton | 1BR,1BA | $3.36 |
| 14 North | Aster Gardens (A1B) | 1BR,1BA | $3.15 |
| Grove Street Landing | 1E-A | 1BR,1BA | $3.93 |
| Salem Highlands | Studio Renovated | Studio ,1BA | $3.58 |
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.
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Real 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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Best Local Schools in Central Peabody, Peabody, MA
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Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Peabody. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Central Peabody Apartments
What is a cheap apartment in Central Peabody?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Peabody is under $2,925.
What is the price of a cheap apartment in Central Peabody?
The cheapest apartment in Central Peabody is Salem Highlands which is listed at $1,975, while the average apartment in Central Peabody costs $2,602.
What types of apartments are the cheapest in Central Peabody?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 4 regular apartments in Central Peabody that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Central Peabody?
Cheap apartments in Central Peabody have an average cost of $122 which is $2,480 cheaper than the average rent for all rentals in Central Peabody.
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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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.