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Rent Specials
$1,900 - $2,550
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 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Peabody area of Peabody.
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$1,700 - $2,500
Plus Fees
Studio to 2 Bedroom Apartments Contact Us For AvailabilitySalem Highlands
84 Highland AveSalem, MA 01970
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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.
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$1,999 - $2,550
Plus Fees
1 to 2 Bedroom Apartments Available NowPrinceton Crossing
12 Heritage DrSalem, MA 01970
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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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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 Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Central Peabody Studio Apartments | $2,025 | $1,700 | $3,078 |
| Central Peabody 1 Bedroom Apartments | $2,267 | $1,900 | $2,764 |
| Central Peabody 2 Bedroom Apartments | $2,791 | $2,250 | $3,594 |
| Central Peabody 3 Bedroom Apartments | $3,069 | $2,650 | $3,618 |
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 8 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
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- 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 Studio unit found at River Drive Apartments priced from $1,700. Princeton Crossing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,999. 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 | $1,700 |
| Princeton Crossing | Dog Friendly One Bedroom Standard | 1BR,1BA | $1,999 |
| eaves Peabody | A2 | 1BR,1BA | $2,171 |
Best Value Apartments for Rent in Central Peabody, MA
As of October 12, 2025 the best value apartment in the Central Peabody area is the $3.15 price per square foot 2 Bedroom Townhouse Model at Peabody Park in the in the South Peabody neighborhood starting from $2,675. The second greatest value Central Peabody apartment is the The Dickens Model at Hawthorne Commons starting at $2,200 with a $2.76 price per square foot in the South 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. |
|---|---|---|---|
| Peabody Park | 2 Bedroom Townhouse | 2BR,1.5BA | $3.15 |
| Hawthorne Commons | The Dickens | 1BR,1BA | $2.76 |
| Essex Apartment Homes | Cross | 1BR,1BA | $3.14 |
| 14 North | Aviary Gardens (A1A) | 1BR,1BA | $3.09 |
| eaves Peabody | A1 | 1BR,1BA | $3.38 |
| Princeton Crossing | Dog Friendly One Bedroom Standard | 1BR,1BA | $3.33 |
| River Drive Apartments | S1G | Studio ,1BA | $5.03 |
| Furnished Studio-Boston - Peabody | Furnished Studio-Boston - Peabody | Studio ,1BA | $10.26 |
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Pet Friendly LifestyleCentral Peabody, Peabody, MA
Ranked #3
Among cities in Massachusetts 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 $1,700.
How much is rent for a Cheap One Bedroom Central Peabody Apartment?
The lowest price for a Cheap One Bedroom Central Peabody Apartment is $1,999 at Princeton Crossing.
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 $2,250 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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.