65 Moulton St
LynnMA01905
Cheap Homes for Rent in Peabody, MA from $1,300 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Peabody.
65 Moulton St
LynnMA01905
65 Moulton St
LynnMA01905
124 Central Ave
LynnMA01901
5 Union 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.
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15 Lynde St
SalemMA01970
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
8 Joyce St
LynnMA01902
8 Nahant Pl
LynnMA01902
278 Lafayette St, Unit 4
278 Lafayette St
SalemMA01970
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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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 Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peabody 2 Bedroom Homes for Rent | $2,800 | $2,250 | $4,600 |
| Peabody 3 Bedroom Homes for Rent | $3,487 | $1,300 | $6,000 |
| Peabody 4 Bedroom Homes for Rent | $3,918 | $2,650 | $6,750 |
Browse Top Homes for Rent in Peabody
Explore Peabody
Peabody, MA Local Guide
- Peabody Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Peabody, MA
Pricing Updated: 06/29/2025Current 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 | $2,900 | $2,250 | 1 |
Cheapest Available Peabody Apartments for Rent and Nearby
The cheapest available apartment rental in Peabody, MA is a 1 Bed unit found at 1 Harbor in the South Salem neighborhood priced from $1,800. Mosaic in the Central neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,895. Here is today’s list of the most affordable Peabody apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1 Harbor | 1BR/1.0BA | 1BR,1BA | $1,800 |
| Mosaic | 0 Beds, 1 Baths | Studio,1BA | $1,895 |
| Holmes Beverly | Studio | Studio,1BA | $2,000 |
| Ezio‘s Place | Affordable Unit (income restricted) | 1BR,1BA | $2,050 |
| River Drive Apartments | A1G | 1BR,1BA | $2,100 |
Best Value Apartments for Rent in Peabody, MA and Nearby
As of June 29, 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 |
| 3 Mill Street Ct, Unit #1 | 3 Mill Street Ct | 3BR,2BA | $2.25 |
| 150 Allen Ave, Unit 1 | 150 Allen Ave | 3BR,3BA | $1.87 |
| 35 Pacific St, Unit #2 | 35 Pacific St | 2BR,1BA | $1.73 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 132 North St, Unit #2 | 132 North St | 2BR,2BA | $1.86 |
| 122 Bridge St, Unit #3 | 122 Bridge St | 1BR,1BA | $1.70 |
| 36 Upham St, Unit #1 | 36 Upham St | 1BR,1BA | $2.30 |
| 20 High Street Lynn, MA 01902 | 2BR/1.0BA | 2BR,1BA | $2.40 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Peabody
What type of rentals are currently available in Peabody?
There are currently 529 Apartments for Rent in Peabody, MA with pricing that ranges from $1,050 to $19,397. There are also 72 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peabody ranging from $1,300 to $6,750.
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 $1,300 to $6,750 with an average monthly rent of $3,052.
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 $2,400 to $4,875, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $6,000. Four Bedroom Single-Family rentals are also available starting from $2,650 and Four Bedroom Apartments start at $2,800.
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.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.