148 Washington St
PeabodyMA01960
Cheap Homes for Rent in Downtown Peabody Neighborhood of Peabody, MA from $2,100 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Peabody area of Peabody.
86 Main St
PeabodyMA01960
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.
121 Boston St
SalemMA01970
111 Foster St, Unit 416
111 Foster St
PeabodyMA01960
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.
84 Aborn St, Unit 1303
84 Aborn St
PeabodyMA01960
Showing Results 1-5, Page 1 of 1
Downtown Peabody, Peabody, MA Local Guide
How much does it cost to rent a home in Downtown Peabody?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Downtown Peabody 2 Bedroom Homes for Rent | $2,645 | $2,150 | $2,875 |
| Downtown Peabody 3 Bedroom Homes for Rent | $2,650 | $2,650 | $2,650 |
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 5 rentals with your search options within a 2 mile radius of the Downtown Peabody Neighborhood of Peabody, MA.
Explore Peabody
Downtown Peabody, Peabody, MA Local Guide
- Nearby Peabody neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Best Value Apartments for Rent in Downtown Peabody, MA
As of June 14, 2026 the best value apartment in the Downtown Peabody area is the $1.71 price per square foot 84 Endicott St Model at 84 Endicott St, Unit 1-R in the in the South Peabody neighborhood starting from $3,075. The second greatest value Downtown Peabody apartment is the 6 Berry St Model at 6 Berry St, Unit 1 starting at $2,375 with a $1.98 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 | $1.71 |
| 6 Berry St, Unit 1 | 6 Berry St | 2BR,1BA | $1.98 |
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 Article
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.
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 #5
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Downtown Peabody
What type of rentals are currently available in Downtown Peabody?
There are currently 70 Apartments for Rent in Downtown Peabody, MA with pricing that ranges from $1,800 to $3,530. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Peabody ranging from $2,150 to $2,875.
What is the current price range for Rental Homes in Downtown Peabody?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Peabody ranges from $2,150 to $2,875 with an average monthly rent of $2,647.
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
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.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.