Cheap Apartments for Rent in the Peabody Town Center Neighborhood of Peabody, MA from $600 (17 Rentals)

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

property at 126 Lowell St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

1 Bedroom, 1 Bath Home for Rent

Available Now

126 Lowell St

PeabodyMA01960
property at 84 Margin St

$2,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,500

Total Monthly Price
$2,500

2 Bedroom, 1 Bath Home for Rent

Available Now

84 Margin St

PeabodyMA01960

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.

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2 Main Street
Studio Apartments

2 Main Street

2 Main StPeabody, MA 01960
property at 148 Washington St

$2,150

Total Monthly Price

Total Monthly Price

Base Rent
$2,150

Total Monthly Price
$2,150

2 Bedroom, 1 Bath Home for Rent

Available Now

148 Washington St

PeabodyMA01960
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Gardner Commons
2 Bedroom Apartments

Gardner Commons

22 Pulaski StPeabody, MA 01960
property at 86 Main 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

86 Main St

PeabodyMA01960

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.

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122 Boston
1 to 3 Bedroom Apartments

122 Boston

122 Boston StSalem, MA 01970

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.

property at 18 Japonica St

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

1 Bedroom, 1 Bath Condo for Rent

Available Now

18 Japonica St

SalemMA01970

Peabody Town Center, Peabody, MA Local Guide

Cheapest Available Peabody Town Center Apartments for Rent

 

The cheapest available apartment rental in the Peabody Town Center area of Boston, MA is a 1 Bed unit found at Halstead Salem Station priced from $2,710. River Properties has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,800. Here are the most affordable Peabody Town Center apartments for rent in Boston, MA:

Apartment ListingModel NameBed/BathPriced From
Halstead Salem StationA11BR,1BA$2,710
River Properties2 Bed 1 bath2BR,1BA$2,800
Grove Street Landing2D2BR,2BA$2,972

Best Value Apartments for Rent in Peabody Town Center, MA

As of May 25, 2026 the best value apartment in the Peabody Town Center area is the $1.78 price per square foot 84 Endicott St Model at 84 Endicott St, Unit 1-R in the in the South Peabody neighborhood starting from $3,200. The second greatest value Peabody Town Center apartment is the 6 Berry St Model at 6 Berry St, Unit 1 starting at $2,250 with a $1.88 price per square foot in the South Peabody neighborhood. Here is today’s list of the best values for Peabody Town Center apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
84 Endicott St, Unit 1-R84 Endicott St3BR,1BA$1.78
6 Berry St, Unit 16 Berry St2BR,1BA$1.88
Grove Street Landing2D2BR,2BA$2.78
River Properties2 Bed 1 bath2BR,1BA$2.69
4 Berry St4 Berry St3BR,1BA$3.20
Halstead Salem StationA11BR,1BA$3.87

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
Peabody Town Center, Peabody, MA

Ranked #7

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 Peabody Town Center Apartments

What is the lowest price for a Cheap Two Bedroom Peabody Town Center Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Peabody Town Center is starting from $2,800 at River Properties.

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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