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$2,350
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$2,350
Total Monthly Price
$2,350
74 Aborn St, Unit 3
74 Aborn StPeabody, MA 01960
Cheap Apartments for Rent in the Downtown Peabody Neighborhood of Peabody, MA from $600 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Peabody area of Peabody.
122 Foster St
PeabodyMA01960
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Studio Apartments
2 Main Street
2 Main StPeabody, MA 01960
4 Mill St, Unit 9
4 Mill St
PeabodyMA01960
Boston's Best Affordable Neighborhoods
Learn about Boston and the best places to live around the area with original content written by our Boston, MA Local Expert Amelia Ramstead
4 Mill St, Unit 5
4 Mill St
PeabodyMA01960
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Studio to 2 Bedroom Apartments
Peabody Place, LLC.
115 Lowell StPeabody, MA 01960
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$1,900 - $3,155
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowGrove Street Landing
64 Grove StSalem, MA 01970
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1 to 3 Bedroom Apartments
122 Boston
122 Boston StSalem, MA 01970
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
10 Beaver St
SalemMA01970
Showing Results 1-9, Page 1 of 1
Downtown Peabody, Peabody, MA Local Guide
How much does it cost to rent an apartment in Downtown Peabody?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Downtown Peabody Studio Apartments | $2,086 | $1,900 | $2,200 |
| Downtown Peabody 1 Bedroom Apartments | $2,601 | $2,450 | $2,775 |
| Downtown Peabody 2 Bedroom Apartments | $2,652 | $2,300 | $3,025 |
| Downtown Peabody 3 Bedroom Apartments | $2,850 | $2,500 | $3,300 |
| Downtown Peabody 4 Bedroom Apartments | $3,775 | $3,400 | $4,150 |
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 9 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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Cheapest Available Downtown Peabody Apartments for Rent
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Grove Street Landing | 1E | 1BR,1BA | $2,525 |
Best Value Apartments for Rent in Downtown Peabody, MA
As of August 30, 2026 the best value apartment in the Downtown Peabody area is the $1.96 price per square foot 74 Aborn St Model at 74 Aborn St, Unit 3 in the in the South Salem neighborhood starting from $2,350. The second greatest value Downtown Peabody apartment is the 1E-A Model at Grove Street Landing starting at $2,575 with a $3.93 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. |
|---|---|---|---|
| 74 Aborn St, Unit 3 | 74 Aborn St | 2BR,1BA | $1.96 |
| Grove Street Landing | 1E-A | 1BR,1BA | $3.93 |
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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Pet Friendly LifestyleDowntown Peabody, Peabody, MA
Ranked #4
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 $2,525 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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.