376 Washington St
LynnMA01901
Cheap Homes for Rent in Peabody, MA from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Peabody.
33 Sunset Dr
PeabodyMA01960
116 Lafayette St
SalemMA01970
65 Moulton St
LynnMA01905
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.
37 Osborne Hill Dr
SalemMA01970
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24 Norman St, Unit 24 Norman Street Unit 304
24 Norman St
SalemMA01970
15 Lynde St
SalemMA01970
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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Peabody, MA Local Guide
Peabody Town Center by massmatt is licensed under CC BY 2.0
How much does it cost to rent a home in Peabody?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Peabody 2 Bedroom Homes for Rent | $2,852 | $1,900 | $4,000 |
| Peabody 3 Bedroom Homes for Rent | $3,183 | $1,300 | $4,100 |
| Peabody 4 Bedroom Homes for Rent | $3,600 | $2,800 | $4,000 |
| Peabody 6 Bedroom Homes for Rent | $22,500 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Peabody, MA Local Guide
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Cheapest Neighborhoods for Apartments in Peabody, MA
Pricing Updated: 11/29/2025Current apartment rentals in the Peabody, MA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Peabody Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Peabody | $2,875 | $2,400 | 3 |
Cheapest Available Peabody Apartments for Rent
The cheapest available apartment rental in Peabody, MA is a Studio unit found at University Square North in the South Salem neighborhood priced from $1,750. Mosaic in the Central neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,945. Here is today’s list of the most affordable Peabody apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Square North | 0BR/1.0BA | Studio,1BA | $1,750 |
| Mosaic | 0 Beds, 1 Baths | Studio,1BA | $1,945 |
| Princeton Crossing | Dog Friendly One Bedroom Standard | 1BR,1BA | $1,999 |
Best Value Apartments for Rent in Peabody, MA
As of November 29, 2025 the best value apartment in the Peabody area is the $0.35 price per square foot 124 Chestnut St Model at 124 Chestnut St, Unit 002R in the in the East Lynn neighborhood starting from $3,500. The second greatest value Peabody apartment is the Three Bedroom Model at 23 Prince Street Apartments starting at $3,450 with a $1.73 price per square foot in the Choate Farm neighborhood. Here is today’s list of the best values for Peabody apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 124 Chestnut St, Unit 002R | 124 Chestnut St | 5BR,2BA | $0.35 |
| 23 Prince Street Apartments | Three Bedroom | 3BR,1.5BA | $1.73 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| Essex Apartment Homes | Sylvan | 2BR,2BA | $2.24 |
| 37 Endicott St, Unit 3 | 37 Endicott St | 2BR,1BA | $1.67 |
| 26 Clinton Ave, Unit Unit 2 | 26 Clinton Ave | 3BR,1BA | $2.43 |
| Sofi Danvers | Two Bedroom Two Bath 2D | 2BR,2BA | $2.53 |
| 6 Arthur St, Unit 3 | 6 Arthur St | 2BR,1BA | $2.45 |
| 20 Locust St | Concept 1 | 1BR,1BA | $2.62 |
| 31 Walter St, Unit 3 | 31 Walter St | 2BR,1BA | $2.57 |
Boston Neighborhood Guide: Living Near UMass, MGH, and State Street
Get the local scoop! ApartmentHomeLiving's Boston Expert reveals the best neighborhoods to rent for employees of UMass Boston, Mass General Hospital, State Street, and more.
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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 ArticleTop Neighborhoods Near Boston Colleges and Universities
Learn About the Best Neighborhoods to Rent Near College Campuses in Boston, MA | Find Boston Off-Campus Student Housing at ApartmentHomeLiving.com
Read ArticleQuick Rent Budget Calculator
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Best Local Schools in Peabody, MA
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Peabody
What type of rentals are currently available in Peabody?
There are currently 521 Apartments for Rent in Peabody, MA with pricing that ranges from $1,450 to $4,764. There are also 82 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peabody ranging from $910 to $22,500.
What is the current price range for Rental Homes in Peabody?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Peabody ranges from $910 to $22,500 with an average monthly rent of $5,931.
How much are larger Three and Four Bedroom Rentals in Peabody?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Peabody range from $2,300 to $4,705, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $4,100. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $2,950.
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 10 Best Affordable Neighborhoods in Boston, MA
Written by: Amelia Ramstead
Boston is known for its exciting combination of early American history and modern high-tech universities and employers.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.