40 Winthrop St, Unit Room in a house
40 Winthrop St
SalemMA01970
Cheap Homes for Rent in the North Salem Neighborhood of Peabody, MA from $1,800 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the North Salem area of Peabody.
close
View Me
$2,0001 Bedroom Apartments Available Aug 1
257 Washington St, Unit 3
257 Washington StSalem, MA 01970
257 Washington St, Unit 3
257 Washington St
SalemMA01970
15 Lynde St
SalemMA01970
257 Washington St, Unit 14
257 Washington St
SalemMA01970
Boston's Best Affordable Neighborhoods
Learn about Boston and the best places to live around the area with original content written by our Boston, MA Local Expert Amelia Ramstead
117 North St, Unit 3
117 North St
SalemMA01970
close
View Me
$2,1751 Bedroom Apartments Available Sep 1
257 Washington St, Unit 16
257 Washington StSalem, MA 01970
257 Washington St, Unit 16
257 Washington St
SalemMA01970
131 Essex St
SalemMA01970
close
View Me
$2,5002 Bedroom Apartments Available Now
24 Tracey St, Unit 2
24 Tracey StPeabody, MA 01960
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
86 Main St
PeabodyMA01960
Showing Results 1-11, Page 1 of 1
North Salem, Peabody, MA Local Guide
How much does it cost to rent a home in North Salem?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| North Salem 2 Bedroom Homes for Rent | $2,913 | $2,000 | $3,800 |
| North Salem 3 Bedroom Homes for Rent | $3,698 | $2,795 | $4,400 |
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 11 rentals with your search options within a 2 mile radius of the North Salem Neighborhood of Peabody, MA.
Explore Peabody
North Salem, Peabody, MA Local Guide
- Nearby Peabody neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available North Salem Apartments for Rent
The cheapest available apartment rental in the North Salem area of Boston, MA is a 1 Bed unit found at 14 New Derby priced from $1,975. 256 Washington has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,400. Here are the most affordable North Salem apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 14 New Derby | 1BR/1.0BA | 1BR,1BA | $1,975 |
| 256 Washington | 2BR/1.0BA | 2BR,1BA | $2,400 |
| Halstead Salem Station | A3 | 1BR,1BA | $2,750 |
| Sedna Beverly | 1 Bedroom, 1 Bathroom (S) | 1BR,1BA | $2,775 |
| 231 Washington Residences | 2 Bedroom 2 Bath - C1 | 2BR,2BA | $2,975 |
Best Value Apartments for Rent in North Salem, MA
As of July 26, 2026 the best value apartment in the North Salem area is the $3.03 price per square foot The Nichols Townhome Model at Sofi At Salem Station in the in the North Salem neighborhood starting from $4,480. The second greatest value North Salem apartment is the 36 Beaver St Model at 36 Beaver St, Unit Beaver St starting at $2,500 with a $2.38 price per square foot in the South Salem neighborhood. Here is today’s list of the best values for North Salem apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sofi At Salem Station | The Nichols Townhome | 2BR,2.5BA | $3.03 |
| 36 Beaver St, Unit Beaver St | 36 Beaver St | 2BR,1BA | $2.38 |
| 231 Washington Residences | 2 Bedroom 2 Bath - C1 | 2BR,2BA | $2.83 |
| 3 Ropes St, Unit 2 | 3 Ropes St | 3BR,1BA | $3.22 |
| 256 Washington | 2BR/1.0BA | 2BR,1BA | $2.75 |
| 14 New Derby | 1BR/1.0BA | 1BR,1BA | $2.74 |
| Sedna Beverly | 1 Bedroom / 1 Bath (Standard) | 1BR,1BA | $4.26 |
| Halstead Salem Station | A3 | 1BR,1BA | $4.19 |
| 36 Endicott St | 36 Endicott St | 1BR,1BA | $4.40 |
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 North Salem area?
If you’re an expert on all things North Salem, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleNorth Salem, Peabody, MA
Ranked #3
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about North Salem
What type of rentals are currently available in North Salem?
There are currently 167 Apartments for Rent in North Salem, MA with pricing that ranges from $1,550 to $4,025. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Salem ranging from $1,850 to $4,400.
What is the current price range for Rental Homes in North Salem?
Today's rental pricing for Homes for Rent, Condos and Townhomes in North Salem ranges from $1,850 to $4,400 with an average monthly rent of $2,928.
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.
Helpful Local Expert Guides
What It Really Costs to Live in Boston: A Local Renter's Guide
Written by: Amelia Ramstead
Hello! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston.
Close to Boston, Easier to Rent: Your Guide to 5 Key Neighboring Cities
Written by: Amelia Ramstead
Hello! I’m Amelia, your ApartmentHomeLiving.com expert for Boston!
Top Short-Term Rental Neighborhoods in Boston: Tips from a Local Expert
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com expert for Boston, and I’m excited to help you find your next home!
Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts. Getting to know your new neighborhood is one of the best parts of moving, and we’re excited to help you get started.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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.