Cheap Apartments for Rent in the North Salem Neighborhood of Peabody, MA from $1,400 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in the North Salem area of Peabody.

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Salem Heights
$1,550 - $1,700

Total Monthly Price

Base Rent$1,550 - $1,700

Total Monthly Price$1,550 - $1,700
1 to 2 Bedroom Apartments Available Soon

Salem Heights

12 Pope StSalem, MA 01970
Affordability
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  • Customer Reviewed
  • Utilities Included
property at 6 School St
$1,850

Total Monthly Price

Base Rent$1,850

Total Monthly Price$1,850
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

6 School St

SalemMA01970
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Historic 1 Harbor St
$1,850

Total Monthly Price

Base Rent$1,850

Total Monthly Price$1,850
1 Bedroom Apartments Available Oct 1

Historic 1 Harbor St

1 Harbor StSalem, MA 01970
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Grove Street Landing
$1,900 - $3,155

Total Monthly Price

Base Rent$1,900 - $3,155

Total Monthly Price$1,900 - $3,155
12 Month Lease Term
Studio to 2 Bedroom Apartments Available Now

Grove Street Landing

64 Grove StSalem, MA 01970
Family Friendly
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property at 17 Pickman St
$2,000

Total Monthly Price

Base Rent$2,000

Total Monthly Price$2,000
1 Bedroom, 1 Bath Home for Rent
Available Oct 1
Pet Friendly

17 Pickman St

SalemMA01970

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property at 6 Northey St
$2,100

Total Monthly Price

Base Rent$2,100

Total Monthly Price$2,100
1 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

6 Northey St

SalemMA01970
property at 116 Lafayette St
$1,250

Total Monthly Price

Base Rent$1,250

Total Monthly Price$1,250
1 Bedroom, 5 Bath Home for Rent
Available Now
Affordability

116 Lafayette St

SalemMA01970

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The Lighthouses
Studio to 3 Bedroom Apartments

The Lighthouses

34 Peabody StSalem, MA 01970
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122 Boston
1 to 3 Bedroom Apartments

122 Boston

122 Boston StSalem, MA 01970
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Park Towers
1 to 3 Bedroom Apartments

Park Towers

100 Washington StSalem, MA 01970
property at 18 Japonica St
$1,900

Total Monthly Price

Base Rent$1,900

Total Monthly Price$1,900
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

18 Japonica St

SalemMA01970
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14 New Derby
1 Bedroom Apartments

14 New Derby

18 New Derby StSalem, MA 01970
  • Utilities Included
property at 10 Beaver St
$2,100

Total Monthly Price

Base Rent$2,100

Total Monthly Price$2,100
2 Bedroom, 1 Bath Condo for Rent
Available Now

10 Beaver St

SalemMA01970

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North Salem, Peabody, MA Local Guide

Cheapest Available North Salem Apartments for Rent

 

The cheapest available apartment rental in the North Salem area of Boston, MA is a Studio unit found at 10 Summer Street priced from $1,800. 256 Washington has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,850. Here are the most affordable North Salem apartments for rent in Boston, MA:

Apartment ListingModel NameBed/BathPriced From
10 Summer Street0BR/1.0BAStudio, 1BA$1,800
256 Washington1BR/1.0BA1BR, 1BA$1,850
Grove Street LandingS2Studio, 1BA$1,900
14 New Derby1BR/1.0BA1BR, 1BA$2,000
Halstead Salem StationA31BR, 1BA$2,635

Best Value Apartments for Rent in North Salem, MA

As of September 17, 2026 the best value apartment in the North Salem area is the $1.92 price per square foot 74 Aborn St Model at 74 Aborn St, Unit Unit 3 in the South Salem neighborhood starting from $2,300. The second greatest value North Salem apartment is the 2 Bed 1 bath 70 Boston Street Model at River Properties in the South Salem neighborhood starting at $2,925 with a $2.81 price per square foot. Here is today’s list of the best values for North Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
74 Aborn St, Unit Unit 374 Aborn St2BR, 1BA$1.92
River Properties2 Bed 1 bath 70 Boston Street2BR, 1BA$2.81
Sedna Beverly2 Bedroom / 2 Bath (Street Facing)2BR, 2BA$4.06
5R Buffum St, Unit Rear5R Buffum St2BR, 1BA$3.00
Pickering Wharf Complex, LLC2BR/1.5BA2BR, 1.5BA$3.54
Sofi At Salem StationPhillips1BR, 1BA$3.60
Halstead Salem StationA31BR, 1BA$4.02
14 New Derby1BR/1.0BA1BR, 1BA$3.22
256 Washington1BR/1.0BA1BR, 1BA$3.95
Grove Street LandingS2Studio, 1BA$5.19

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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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Quick Rent Budget Calculator

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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 Lifestyle
North Salem, Peabody, MA

Ranked #2

Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap North Salem Apartments

How much is rent for a Cheap One Bedroom North Salem Apartment?

The lowest price for a Cheap One Bedroom North Salem Apartment is $1,850 at 256 Washington.

What is the lowest price for a Cheap Two Bedroom North Salem Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in North Salem is starting from $2,325 at 256 Washington.

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.

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