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from $1,8001 to 2 Bedroom Apartments Contact Us For Availability
Terrace Gardens
2 Esquire DrPeabody, MA 01960
Cheap Apartments for Rent in the Downtown Peabody Neighborhood of Peabody, MA from $1,000 (4 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Peabody area of Peabody.
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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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from $1,610Studio to 2 Bedroom Apartments Available Oct 15
The Residences at St. James
160 Bridge StSalem, MA 01970
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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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Downtown 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 Downtown Peabody?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Peabody Studio Apartments | $1,610 | $1,610 | $1,610 |
| Downtown Peabody 1 Bedroom Apartments | $2,008 | $1,725 | $2,400 |
| Downtown Peabody 2 Bedroom Apartments | $2,609 | $2,070 | $3,250 |
| Downtown Peabody 3 Bedroom Apartments | $2,650 | $2,400 | $2,900 |
Browse Apartments in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Downtown Peabody Neighborhood of Peabody, MA.
See all Apartments in PeabodyExplore Peabody
Downtown Peabody, Peabody, MA Local Guide
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Best Value Apartments for Rent in Downtown Peabody, MA
As of June 05, 2025 the best value apartment in the Downtown Peabody area is the $2.00 price per square foot 46 Holten St Model at 46 Holten St, Unit #1 in the in the South Salem neighborhood starting from $2,400. The second greatest value Downtown Peabody apartment is the 2E Model at Grove Street Landing starting at $3,225 with a $3.15 price per square foot in the South Salem neighborhood. Here is today’s list of the best values for Downtown Peabody apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 46 Holten St, Unit #1 | 46 Holten St | 2BR,1BA | $2.00 |
| Grove Street Landing | 2E | 2BR,2BA | $3.15 |
| 47 Holten St, Unit #1 | 47 Holten St | 3BR,1BA | $2.90 |
| 9 Bowditch St, Unit #2 | 9 Bowditch St | 2BR,1BA | $2.40 |
| 91 Lowell St, Unit #3 | 91 Lowell St | 2BR,1BA | $2.60 |
| 85 Lowell St, Unit #1 | 85 Lowell St | 2BR,1BA | $2.67 |
| 100 Lowell St, Unit #5 | 100 Lowell St | 2BR,1BA | $3.28 |
| River Properties | 205 River Rock Residences | 1BR,1BA | $3.18 |
| 86 Main St, Unit 1 | 86 Main St | 2BR,1BA | $3.33 |
| 1 Harbor | 1BR/1.0BA | 1BR,1BA | $3.00 |
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Pet Friendly LifestyleDowntown Peabody, Peabody, MA
Ranked #7
Among neighborhoods in Peabody, MA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Getting Around the Downtown Peabody Neighborhood in Peabody, MA
Walk Score®
90 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
53 / 100
Bikeable
Some 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 Downtown Peabody Apartments
How much is rent for a Cheap One Bedroom Downtown Peabody Apartment?
The lowest price for a Cheap One Bedroom Downtown Peabody Apartment is $1,800 at 1 Harbor.
What is the lowest price for a Cheap Two Bedroom Downtown Peabody Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Peabody is starting from $2,900 at River Properties.
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 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.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.