Cheap Homes for Rent in North Salem Neighborhood of Peabody, MA from $1,200 (15 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 15 Lynde St

$2,100 - $2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,100

Total Monthly Price
$2,100

2 Bedroom Rentals

Available Now

15 Lynde 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 75 Summer St

$2,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,500

Total Monthly Price
$2,500

2 Bedroom, 1 Bath Condo for Rent

Available Now

75 Summer St

SalemMA01970
property at 10 Warner St

$2,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,500

Total Monthly Price
$2,500

2 Bedroom, 1 Bath Townhome for Rent

Available Now

10 Warner St

SalemMA01970
property at 20 Central St

$2,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,500

Total Monthly Price
$2,500

1 Bedroom, 1 Bath Condo for Rent

Available Now

20 Central St

SalemMA01970

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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 Halstead Salem Station priced from $2,660. River Properties has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,800. Here are the most affordable North Salem apartments for rent in Boston, MA:

Apartment ListingModel NameBed/BathPriced From
Halstead Salem StationA11BR,1BA$2,660
River Properties2 Bed 1 bath2BR,1BA$2,800
231 Washington Residences2 Bedroom 2 Bath - C12BR,2BA$2,975
Sedna Beverly1 Bedroom, 1 Bathroom (S)1BR,1BA$3,250

Best Value Apartments for Rent in North Salem, MA

As of June 11, 2026 the best value apartment in the North Salem area is the $2.40 price per square foot 6 March St Model at 6 March St, Unit 6 March St in the in the Centerville neighborhood starting from $3,600. The second greatest value North Salem apartment is the 2 Bedroom 2 Bath - C1 Model at 231 Washington Residences starting at $2,975 with a $2.83 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.
6 March St, Unit 6 March St6 March St4BR,1BA$2.40
231 Washington Residences2 Bedroom 2 Bath - C12BR,2BA$2.83
River Properties2 Bed 1 bath2BR,1BA$2.69
23 Herbert St, Unit 223 Herbert St1BR,1BA$2.78
Sedna Beverly1 Bedroom / 1 Bath (Standard)1BR,1BA$5.04
Halstead Salem StationA31BR,1BA$3.90

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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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

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.

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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 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 $1,400 to $13,746. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Salem ranging from $1,250 to $4,750.

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 $4,750 with an average monthly rent of $2,731.

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

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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.

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A Local Experts Guide to the Top Boston Neighborhoods for College Renters

Written by: Amelia Ramstead

Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts! We’re excited to help you find your new home, and getting to know the neighborhood is an important part of that process!

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Explore Like a Local: The Insider's Guide to Boston

Written by: Amelia Ramstead

Hello from Boston, Massachusetts! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, and I’m here to give you the inside scoop on this unique city.

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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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.