20 Central St
PeabodyMA01960
Cheap Apartments for Rent in the Downtown Peabody Neighborhood of Peabody, MA from $600 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Peabody area of Peabody.
76 Lowell St
PeabodyMA01960
17-19 Bowditch St
PeabodyMA01960
122 Lowell St
PeabodyMA01960
11 Park St
PeabodyMA01960
close
View Me
$2,3823 Bedroom Apartments Available Now
52 Washington St
52 Washington StPeabody, MA 01960
close
View Me
$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, Unit 1
6 Berry 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.
4 Northend St
PeabodyMA01960
close
View Me
Studio Apartments
2 Main Street
2 Main StPeabody, MA 01960
close
View Me
Studio to 2 Bedroom Apartments
Peabody Place, LLC.
115 Lowell StPeabody, MA 01960
8 Walnut St
PeabodyMA01960
16 Paleologos St
PeabodyMA01960
134 Boston St, Unit 1F, Unit 1F
134 Boston St
SalemMA01970
close
View Me
1 to 3 Bedroom Apartments
122 Boston
122 Boston StSalem, 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.
Showing Results 1-14, Page 1 of 1
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 Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Downtown Peabody Studio Apartments | $1,400 | $1,100 | $1,700 |
| Downtown Peabody 1 Bedroom Apartments | $2,150 | $1,900 | $2,550 |
| Downtown Peabody 2 Bedroom Apartments | $3,020 | $2,400 | $3,525 |
| Downtown Peabody 3 Bedroom Apartments | $3,060 | $2,382 | $3,500 |
| Downtown 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 14 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
- Nearby Peabody neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown Peabody Apartments for Rent
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Grove Street Landing | 2D | 2BR,2BA | $3,325 |
Best Value Apartments for Rent in Downtown Peabody, MA
As of April 15, 2026 the best value apartment in the Downtown 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 Downtown 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 Downtown 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 |
| Grove Street Landing | 2D | 2BR,2BA | $3.11 |
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.
Read Article
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.
Let everyone know!
Do you know the Downtown Peabody area?
If you’re an expert on all things Downtown Peabody, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleDowntown Peabody, Peabody, MA
Ranked #6
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Peabody Apartments
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 $3,325 at Grove Street Landing.
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.
Articles, How-To's, and Tips
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.