65 Moulton St
LynnMA01905
Cheap Homes for Rent in Peabody, MA from $1,500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Peabody.
15 Lynde St
SalemMA01970
116-124A Central Ave
LynnMA01901
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8 Joyce St
LynnMA01902
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.
303 Broadway
LynnMA01904
264 Boston St
LynnMA01904
33 Barr St
SalemMA01970
33 Park Rd
LynnMA01904
19 Allen Ave
LynnMA01902
6 Venice St
DanversMA01923
The 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.
6 Venice St
DanversMA01923
44 Pingree St
SalemMA01970
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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 | $2,770 | $2,100 | $4,000 |
| Peabody 3 Bedroom Homes for Rent | $3,608 | $1,500 | $5,000 |
| Peabody 4 Bedroom Homes for Rent | $4,079 | $3,000 | $5,500 |
| Peabody 6 Bedroom Homes for Rent | $22,500 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Peabody
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Peabody, MA Local Guide
- Peabody Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Peabody, MA
Pricing Updated: 08/22/2025Current 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 | $3,000 | $1,600 | 2 |
Cheapest Available Peabody Apartments for Rent and Nearby
The cheapest available apartment rental in Peabody, MA is a Studio unit found at Mosaic in the Central neighborhood priced from $1,725. River Drive Apartments in the Central Peabody neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,850. Here is today’s list of the most affordable Peabody apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mosaic | 0 Beds, 1 Baths | Studio,1BA | $1,725 |
| River Drive Apartments | S1G | Studio,1BA | $1,850 |
| Ezio‘s Place | Affordable Unit (income restricted) | 1BR,1BA | $2,050 |
| Princeton Crossing | Dog Friendly One Bedroom Standard | 1BR,1BA | $2,099 |
| University Square South | 1BR/1.0BA | 1BR,1BA | $2,100 |
Best Value Apartments for Rent in Peabody, MA and Nearby
As of August 23, 2025 the best value apartment in the Peabody area is the $0.24 price per square foot 85 Timson St Model at 85 Timson St, Unit #1 in the in the East Lynn neighborhood starting from $2,400. The second greatest value Peabody apartment is the Two Bedroom Model at Spring Meadows starting at $3,050 with a $1.53 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. |
|---|---|---|---|
| 85 Timson St, Unit #1 | 85 Timson St | 2BR,1BA | $0.24 |
| Spring Meadows | Two Bedroom | 2BR,1.5BA | $1.53 |
| 13 Adams Ct, Unit 1 | 13 Adams Ct | 4BR,2BA | $2.50 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 144 North St, Unit 1 | 144 North St | 3BR,1BA | $2.04 |
| 20 Locust St | Concept 3 | 2BR,2BA | $2.33 |
| Michaels Landing | 2BED 2BATH (AUG-SEP 2025) | 2BR,2BA | $2.42 |
| 20 High Street Lynn, MA 01902 | 2BR/1.0BA | 2BR,1BA | $2.40 |
| 26 Gregg St, Unit #2 | 26 Gregg St | 2BR,1BA | $2.60 |
| Ezio‘s Place | Affordable Unit (income restricted) | 1BR,1BA | $2.41 |
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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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See the most popular apartments and homes in Peabody, MA
Frequently Asked Questions about Peabody
What type of rentals are currently available in Peabody?
There are currently 540 Apartments for Rent in Peabody, MA with pricing that ranges from $1,350 to $17,583. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peabody ranging from $1,500 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 $1,500 to $22,500 with an average monthly rent of $7,028.
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 $2,188 to $4,775, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $5,000. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $2,900.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.