close
View Me
Cheap Apartments for Rent in the Central Peabody Neighborhood of Peabody, MA from $1,000 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Peabody area of Peabody.
close
View Me
Rent Specials
from $1,8001 to 2 Bedroom Apartments Contact Us For Availability
Terrace Gardens
2 Esquire DrPeabody, MA 01960
close
View Me
from $2,0002 Bedroom Apartment Available Aug 15
92 Walnut St, Unit 1 RIGT
92 Walnut StPeabody, MA 01960
11 Park St
PeabodyMA01960
close
View Me
from $2,0501 to 3 Bedroom Apartments Contact Us For Availability
Terrace Estates Apartments
143 Shore DrPeabody, MA 01960
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.
close
View Me
close
View Me
from $1,700Studio to 2 Bedroom Apartments Contact Us For Availability
Salem Highlands
84 Highland AveSalem, MA 01970
104.5 Boston St
SalemMA01970
close
View Me
close
View Me
close
View Me
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
close
View Me
close
View Me
Showing Results 1-13, Page 1 of 1
Central Peabody, 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 Central Peabody?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Peabody Studio Apartments | $2,095 | $1,050 | $3,149 |
| Central Peabody 1 Bedroom Apartments | $2,414 | $1,800 | $5,700 |
| Central Peabody 2 Bedroom Apartments | $2,883 | $1,800 | $10,000+ |
| Central Peabody 3 Bedroom Apartments | $3,209 | $2,400 | $4,800 |
| Central Peabody 4 Bedroom Apartments | $3,600 | $2,800 | $5,200 |
Browse Apartments in this Neighborhood
There are currently 13 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
- Nearby Peabody neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Central Peabody Apartments for Rent
The cheapest available apartment rental in the Central Peabody area of Boston, MA is a 1 Bed unit found at River Drive Apartments priced from $2,100. Princeton Crossing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,200. Here are the most affordable Central Peabody apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| River Drive Apartments | A1G | 1BR,1BA | $2,100 |
| Princeton Crossing | One BR Deluxe | 1BR,1BA | $2,200 |
| River Properties | 205 River Rock Residences | 1BR,1BA | $2,400 |
Best Value Apartments for Rent in Central Peabody, MA
As of July 09, 2025 the best value apartment in the Central Peabody area is the $1.21 price per square foot 1 Dennis St Model at 1 Dennis St, Unit 2 in the in the North Salem neighborhood starting from $2,400. The second greatest value Central Peabody apartment is the 18 Mount Vernon St Model at 18 Mount Vernon St starting at $3,500 with a $1.98 price per square foot in the North Salem 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. |
|---|---|---|---|
| 1 Dennis St, Unit 2 | 1 Dennis St | 2BR,1BA | $1.21 |
| 18 Mount Vernon St | 18 Mount Vernon St | 3BR,1.5BA | $1.98 |
| 3 Mill Street Ct, Unit #1 | 3 Mill Street Ct | 3BR,2BA | $2.25 |
| 36 Essex Green Ln, Unit 2 | 36 Essex Green Ln | 2BR,2.5BA | $2.68 |
| 104 Boston St, Unit 2 | 104 Boston St | 2BR,1BA | $1.76 |
| 174 Lynn St, Unit #2 | 174 Lynn St | 2BR,1BA | $2.58 |
| 9 Bowditch St, Unit #2 | 9 Bowditch St | 2BR,1BA | $2.40 |
| 26 Northend St, Unit #2 | 26 Northend St | 2BR,1BA | $2.40 |
| 10 Newcastle Rd, Unit 2 | 10 Newcastle Rd | 2BR,1BA | $2.70 |
| 91 Lowell St, Unit #3 | 91 Lowell St | 2BR,1BA | $2.60 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Let everyone know!
Do you know the Central Peabody area?
If you’re an expert on all things Central Peabody, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleCentral Peabody, Peabody, MA
Ranked #7
Among neighborhoods in Peabody, MA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Central Peabody, Peabody, MA
School data provided by Great Schools
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!
Getting Around the Central Peabody Neighborhood in Peabody, MA
Walk Score®
64 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
45 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Central Peabody Apartments
What is the Cheapest Studio apartment in Central Peabody?
Currently the most affordable Cheap Studio Apartment in Central Peabody is at River Drive Apartments listed at $2,150.
How much is rent for a Cheap One Bedroom Central Peabody Apartment?
The lowest price for a Cheap One Bedroom Central Peabody Apartment is $2,100 at River Drive Apartments.
What is the lowest price for a Cheap Two Bedroom Central Peabody Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Central Peabody is starting from $2,200 at River Drive Apartments.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
The 10 Best Affordable Neighborhoods in Boston, MA
Written by: Amelia Ramstead
Boston is known for its exciting combination of early American history and modern high-tech universities and employers.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.