20 Central St
PeabodyMA01960
Cheap Apartments for Rent in the Central Peabody Neighborhood of Peabody, MA from $600 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Peabody area of Peabody.
76 Lowell St
PeabodyMA01960
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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
17-19 Bowditch St
PeabodyMA01960
122 Lowell St
PeabodyMA01960
144 Washington St
PeabodyMA01960
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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$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
$2,261 - $3,113
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,203 - $3,055
Required Monthly Fees
$58
Total Monthly Price
$2,261 - $3,113
eaves Peabody
51 Keys DrPeabody, MA 01960
4 Northend St
PeabodyMA01960
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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 1st Floor
6 Berry 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
6 Berry StPeabody, MA 01960
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Studio Apartments
2 Main Street
2 Main StPeabody, 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.
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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
8 Walnut St
PeabodyMA01960
16 Paleologos St
PeabodyMA01960
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
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.
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Rent Specials
$1,999 - $2,550
Plus Fees
1 to 2 Bedroom Apartments Available NowPrinceton Crossing
12 Heritage DrSalem, MA 01970
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$2,0501 Bedroom Apartments Available Now
10 River Dr
10 River DrDanvers, MA 01923
134 Boston St, Unit 1F
134 Boston St
SalemMA01970
28 1/2 Grove St
SalemMA01970
210 North St
SalemMA01970
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1 Bedroom Apartments
Perry Street Apartments
11 Perry DrDanvers, MA 01923
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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1 to 3 Bedroom Apartments
122 Boston
122 Boston StSalem, 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 to 3 Bedroom Apartments
River Rock Residences
92 Boston StSalem, MA 01970
Showing Results 1-27, 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 Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Central Peabody Studio Apartments | $1,862 | $1,100 | $2,963 |
| Central Peabody 1 Bedroom Apartments | $2,382 | $1,900 | $3,455 |
| Central Peabody 2 Bedroom Apartments | $2,789 | $2,245 | $4,426 |
| Central Peabody 3 Bedroom Apartments | $3,151 | $2,675 | $3,714 |
| 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 27 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 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 |
| Princeton Crossing | Dog Friendly One Bedroom Standard | 1BR,1BA | $1,999 |
| eaves Peabody | A1 | 1BR,1BA | $2,261 |
| Hawthorne Commons | The Chestnut | 1BR,1BA | $2,408 |
| Grove Street Landing | 1E | 1BR,1BA | $2,450 |
| Essex Apartment Homes | Prospect | 1BR,1BA | $2,465 |
| River Properties | 1 bed 1 bath w/ Balcony | 1BR,1BA | $2,495 |
Best Value Apartments for Rent in Central Peabody, MA
As of April 04, 2026 the best value apartment in the Central Peabody area is the $1.94 price per square foot 84 Endicott St Model at 84 Endicott St, Unit 1-R in the in the South Peabody neighborhood starting from $3,500. The second greatest value Central Peabody apartment is the 6 Berry St Model at 6 Berry St, Unit 1 starting at $2,400 with a $2.00 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 | $1.94 |
| 6 Berry St, Unit 1 | 6 Berry St | 2BR,1BA | $2.00 |
| 6 Berry St, Unit 1st Floor | 6 Berry St | 2BR,1BA | $2.18 |
| 14 North | Aviary Gardens Loft (A1AL) | 1BR,1BA | $2.85 |
| Hawthorne Commons | The Hamilton | 1BR,1BA | $3.17 |
| Essex Apartment Homes | Cross | 1BR,1BA | $3.20 |
| River Properties | 1 bed 1 bath w/ Balcony | 1BR,1BA | $3.21 |
| Princeton Crossing | Dog Friendly Two Bedroom Standard | 2BR,1BA | $3.36 |
| eaves Peabody | A1 | 1BR,1BA | $3.49 |
| Salem Highlands | Studio Renovated | Studio ,1BA | $3.58 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick 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.
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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!
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 $2,245 at Princeton Crossing.
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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The 10 Best Affordable Neighborhoods in Boston, MA
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Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.