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Cheap Homes for Rent in Central Peabody Neighborhood of Peabody, MA from $2,000 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Peabody area of Peabody.
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278 Newbury St
PeabodyMA01960
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86 Main St
PeabodyMA01960
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86 Endicott St, Unit D
86 Endicott St
PeabodyMA01960
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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 a home in Central Peabody?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Central Peabody 2 Bedroom Homes for Rent | $2,750 | $2,300 | $3,300 |
| Central Peabody 3 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
| Central Peabody 4 Bedroom Homes for Rent | $2,850 | $2,850 | $2,850 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Central Peabody Neighborhood of Peabody, MA.
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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 $1,600. Princeton Crossing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,945. 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 | $1,600 |
| Princeton Crossing | Dog Friendly One Bedroom Standard | 1BR,1BA | $1,945 |
| Hawthorne Commons | The Hamilton | 1BR,1BA | $2,105 |
| eaves Peabody | A1 | 1BR,1BA | $2,122 |
| Essex Apartment Homes | Cross | 1BR,1BA | $2,289 |
Best Value Apartments for Rent in Central Peabody, MA
As of November 11, 2025 the best value apartment in the Central Peabody area is the $2.58 price per square foot Cypress Gardens (C2) Model at 14 North in the in the Choate Farm neighborhood starting from $3,265. The second greatest value Central Peabody apartment is the 19 Nichols St Model at 19 Nichols St, Unit 19 Nichols ST unit #3 starting at $2,500 with a $2.78 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. |
|---|---|---|---|
| 14 North | Cypress Gardens (C2) | 3BR,2BA | $2.58 |
| 19 Nichols St, Unit 19 Nichols ST unit #3 | 19 Nichols St | 2BR,1BA | $2.78 |
| 14 Endicott St, Unit 2 | 14 Endicott St | 2BR,1BA | $2.39 |
| 44 Belleview Ave, Unit Belleview Lower Unit | 44 Belleview Ave | 2BR,1BA | $2.67 |
| Peabody Park | 2 Bedroom Townhouse | 2BR,1.5BA | $3.15 |
| Essex Apartment Homes | Cross | 1BR,1BA | $2.94 |
| Hawthorne Commons | The Chestnut | 1BR,1BA | $2.87 |
| Princeton Crossing | One BR Deluxe | 1BR,1BA | $3.38 |
| eaves Peabody | A1 | 1BR,1BA | $3.27 |
| River Drive Apartments | S1G | Studio ,1BA | $4.73 |
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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
Frequently Asked Questions about Central Peabody
What type of rentals are currently available in Central Peabody?
There are currently 109 Apartments for Rent in Central Peabody, MA with pricing that ranges from $1,700 to $3,640. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Peabody ranging from $2,000 to $4,500.
What is the current price range for Rental Homes in Central Peabody?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Central Peabody ranges from $2,000 to $4,500 with an average monthly rent of $3,025.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
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.