126 Lowell St
PeabodyMA01960
Cheap Apartments for Rent in the Central Peabody Neighborhood of Peabody, MA from $600 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Peabody area of Peabody.
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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
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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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$2,250
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$2,250
Total Monthly Price
$2,250
6 Berry St, Unit 1, Unit 1
6 Berry StPeabody, MA 01960
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Studio Apartments
2 Main Street
2 Main StPeabody, 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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Studio to 2 Bedroom Apartments
Peabody Place, LLC.
115 Lowell StPeabody, MA 01960
148 Washington St
PeabodyMA01960
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2 Bedroom Apartments
Gardner Commons
22 Pulaski 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
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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Rent Specials
$2,150 - $2,550
Plus Fees
1 to 2 Bedroom Apartments Available Jun 22Princeton Crossing
12 Heritage DrSalem, MA 01970
2 Mcdewell Ave
DanversMA01923
123 Highland Ave, Unit 3, Unit 3
123 Highland Ave
SalemMA01970
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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
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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Studio to 2 Bedroom Apartments
River Drive Apartments
3-17 River DrDanvers, MA 01923
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1 to 3 Bedroom Apartments
River Rock Residences
92 Boston StSalem, MA 01970
Showing Results 1-17, 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 | $2,307 | $1,700 | $3,371 |
| Central Peabody 1 Bedroom Apartments | $2,533 | $1,800 | $3,345 |
| Central Peabody 2 Bedroom Apartments | $2,874 | $2,250 | $4,372 |
| Central Peabody 3 Bedroom Apartments | $3,198 | $2,675 | $3,888 |
| Central Peabody 4 Bedroom Apartments | $3,700 | $3,700 | $3,700 |
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 17 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 Salem Highlands priced from $1,700. River Drive Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,850. Here are the most affordable Central Peabody apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Salem Highlands | Studio, non-renovated | Studio,1BA | $1,700 |
| River Drive Apartments | S1G | Studio,1BA | $1,850 |
| Hawthorne Commons | The Chestnut | 1BR,1BA | $2,464 |
| 14 North | Aster Gardens (A1B) | 1BR,1BA | $2,509 |
| Essex Apartment Homes | Prospect | 1BR,1BA | $2,532 |
Best Value Apartments for Rent in Central Peabody, MA
As of May 24, 2026 the best value apartment in the Central Peabody area is the $1.78 price per square foot 84 Endicott St Model at 84 Endicott St, Unit 1-R in the in the South Peabody neighborhood starting from $3,200. The second greatest value Central Peabody apartment is the 6 Berry St Model at 6 Berry St, Unit 1 starting at $2,250 with a $1.88 price per square foot in the South Peabody 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. |
|---|---|---|---|
| 84 Endicott St, Unit 1-R | 84 Endicott St | 3BR,1BA | $1.78 |
| 6 Berry St, Unit 1 | 6 Berry St | 2BR,1BA | $1.88 |
| Grove Street Landing | 2D | 2BR,2BA | $2.78 |
| River Properties | 2 Bed 1 bath | 2BR,1BA | $2.69 |
| 4 Berry St | 4 Berry St | 3BR,1BA | $3.20 |
| eaves Peabody | B2 | 2BR,1BA | $3.11 |
| Essex Apartment Homes | Prospect | 1BR,1BA | $3.07 |
| Hawthorne Commons | The Hamilton | 1BR,1BA | $3.24 |
| 14 North | Aster Gardens (A1B) | 1BR,1BA | $3.32 |
| 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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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.
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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 the Cheapest Studio apartment in Central Peabody?
Currently the most affordable Cheap Studio Apartment in Central Peabody is at Salem Highlands 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 $1,975 at Salem Highlands.
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 $2,400 at Salem Highlands.
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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