Cheap Apartments for Rent in the Peabody Town Center Neighborhood of Peabody, MA from $600 (23 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 69 Washington St

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100

Total Monthly Price
$2,100

2 Bedroom, 1 Bath Home for Rent

Available Now

69 Washington St

PeabodyMA01960
property at 39 Dustin St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

2 Bedroom, 1 Bath Home for Rent

Available Now

39 Dustin St

PeabodyMA01960
property at 24 Tracey St

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

2 Bedroom, 1 Bath Home for Rent

Available Now

24 Tracey St

PeabodyMA01960

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

property at 122 Foster St

$2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400

Total Monthly Price
$2,400

2 Bedroom Rentals

Available Now

122 Foster St

PeabodyMA01960
property at 25 Sherman St

$2,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,500

Total Monthly Price
$2,500

3 Bedroom, 2 Bath Home for Rent

Available Now

25 Sherman St

PeabodyMA01960
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2 Main Street
Studio Apartments

2 Main Street

2 Main StPeabody, MA 01960
property at 4 Mill St

$1,600

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

Studio, 1 Bath Condo for Rent

Available Now

4 Mill St, Unit 5

4 Mill St
PeabodyMA01960
property at 4 Mill St

$1,600

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

Studio, 1 Bath Condo for Rent

Available Now

4 Mill St, Unit 9

4 Mill St
PeabodyMA01960

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.

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Gardner Commons
2 Bedroom Apartments

Gardner Commons

22 Pulaski StPeabody, MA 01960
property at 36-38-38 Boston St

$2,250

Total Monthly Price

Total Monthly Price

Base Rent
$2,250

Total Monthly Price
$2,250

1 Bedroom, 1 Bath Home for Rent

Available Now

36-38-38 Boston St

SalemMA01970
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122 Boston
1 to 3 Bedroom Apartments

122 Boston

122 Boston StSalem, MA 01970
property at 10 Beaver St

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100

Total Monthly Price
$2,100

2 Bedroom, 1 Bath Condo for Rent

Available Sep 1

10 Beaver St

SalemMA01970

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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 Boston/Federal Street priced from $2,250. Grove Street Landing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,525. Here are the most affordable Peabody Town Center apartments for rent in Boston, MA:

Apartment ListingModel NameBed/BathPriced From
Boston/Federal Street1BR/1.0BA1BR,1BA$2,250
Grove Street Landing1E1BR,1BA$2,525
Halstead Salem StationA31BR,1BA$2,675
River Properties2 Bed 1 bath 70 Boston Street2BR,1BA$2,925

Best Value Apartments for Rent in Peabody Town Center, MA

As of August 24, 2026 the best value apartment in the Peabody Town Center area is the $2.00 price per square foot 74 Aborn St Model at 74 Aborn St, Unit 3 in the in the South Salem neighborhood starting from $2,400. The second greatest value Peabody Town Center apartment is the 6 Berry St Model at 6 Berry St, Unit 1 starting at $2,280 with a $1.90 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.
74 Aborn St, Unit 374 Aborn St2BR,1BA$2.00
6 Berry St, Unit 16 Berry St2BR,1BA$1.90
River Properties2 Bed 1 bath 70 Boston Street2BR,1BA$2.81
Boston/Federal Street1BR/1.0BA1BR,1BA$2.95
Halstead Salem StationA31BR,1BA$4.08
Grove Street Landing1E-A1BR,1BA$3.93

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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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 #6

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

How much is rent for a Cheap One Bedroom Peabody Town Center Apartment?

The lowest price for a Cheap One Bedroom Peabody Town Center Apartment is $2,250 at Boston/Federal Street.

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 $2,925 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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