Cheap Homes for Rent in North Salem Neighborhood of Peabody, MA from $1,200 (8 Rentals)

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

property at 116 Lafayette St

116 Lafayette St

SalemMA01970
property at 15 Lynde St

15 Lynde St

SalemMA01970
property at 24 Norman St

24 Norman St

SalemMA01970

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.

property at 23 Park St

23 Park St

SalemMA01970
property at 11 Church St

11 Church St

SalemMA01970
property at 86 Main St

86 Main St

PeabodyMA01960

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.

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 1 Bed unit found at Park Towers priced from $1,900. Sofi At Salem Station has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,388. Here are the most affordable North Salem apartments for rent in Boston, MA:

Apartment ListingModel NameBed/BathPriced From
Park Towers1 Bedroom Apt1BR,1BA$1,900
Sofi At Salem StationMcIntire1BR,1BA$2,388
Halstead Salem StationA11BR,1BA$2,505

Best Value Apartments for Rent in North Salem, MA

As of December 03, 2025 the best value apartment in the North Salem area is the $2.66 price per square foot 2 Bed Townhome Model at River Properties in the in the South Salem neighborhood starting from $3,300. The second greatest value North Salem apartment is the 100 Washington St Model at 100 Washington St, Unit 26 starting at $1,950 with a $1.63 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 ListingModel NameBed/BathPrice Per Sq.Ft.
River Properties2 Bed Townhome2BR,1.5BA$2.66
100 Washington St, Unit 26100 Washington St2BR,1BA$1.63
37 Endicott St, Unit 337 Endicott St2BR,1BA$1.67
231 Washington Residences2 Bedroom 2 Bath - C42BR,2BA$2.96
19 Nichols St, Unit 19 Nichols ST unit #319 Nichols St2BR,1BA$2.78
101 Mason St, Unit First Floor101 Mason St2BR,1BA$3.00
Sofi At Salem StationMcIntire1BR,1BA$2.78
17 Dunlap St, Unit 2A17 Dunlap StStudio ,1BA$1.88
11 Orchard St, Unit Apt111 Orchard St2BR,1BA$3.23
Park Towers1 Bedroom Apt1BR,1BA$2.53

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
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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.

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Pet Friendly Lifestyle
North Salem, Peabody, MA

Ranked #3

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 North Salem

What type of rentals are currently available in North Salem?

There are currently 165 Apartments for Rent in North Salem, MA with pricing that ranges from $1,450 to $4,705. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Salem ranging from $1,250 to $4,100.

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 $1,250 to $4,100 with an average monthly rent of $2,603.

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.

decorative image for The 10 Best Affordable Neighborhoods in Boston, MA article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.