49 Fulton St
PeabodyMA01960
Cheap Apartments for Rent in the Downtown Peabody Neighborhood of Peabody, MA from $600 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Peabody area of Peabody.
126 Lowell St
PeabodyMA01960
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$2,200
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$2,200
Total Monthly Price
$2,200
13 Lowe St, Unit 2
13 Lowe StPeabody, MA 01960
64 Foster St, Unit 403
64 Foster St
PeabodyMA01960
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$2,350
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Aug 1Total Monthly Price
Base Rent
$2,350
Total Monthly Price
$2,350
6 Berry St, Unit 1
6 Berry StPeabody, MA 01960
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Studio Apartments
2 Main Street
2 Main 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 Mill St, Unit 9
4 Mill St
PeabodyMA01960
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
122 Foster St
PeabodyMA01960
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$2,400
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Aug 1Total Monthly Price
Base Rent
$2,400
Total Monthly Price
$2,400
155 Boston St
155 Boston StSalem, MA 01970
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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 1-12, 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 | $1,550 | $1,550 | $1,550 |
| Downtown Peabody 1 Bedroom Apartments | $2,150 | $1,750 | $2,550 |
| Downtown Peabody 2 Bedroom Apartments | $2,685 | $2,200 | $3,530 |
| Downtown Peabody 3 Bedroom Apartments | $3,037 | $2,750 | $3,300 |
| Downtown Peabody 4 Bedroom Apartments | $3,100 | $2,800 | $3,400 |
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 12 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 | 2E | 2BR,2BA | $3,150 |
Best Value Apartments for Rent in Downtown Peabody, MA
As of July 15, 2026 the best value apartment in the Downtown Peabody area is the $1.78 price per square foot 84 Endicott St Model at 84 Endicott St, Unit 1-R in the in the South Peabody neighborhood starting from $3,200. The second greatest value Downtown Peabody apartment is the 2E Model at Grove Street Landing starting at $3,150 with a $3.06 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. |
|---|---|---|---|
| 84 Endicott St, Unit 1-R | 84 Endicott St | 3BR,1BA | $1.78 |
| Grove Street Landing | 2E | 2BR,2BA | $3.06 |
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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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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Pet Friendly LifestyleDowntown Peabody, Peabody, MA
Ranked #5
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet 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 $3,150 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
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.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.