
Cheap Apartments for Rent in the Peabody Town Center Neighborhood of Peabody, MA from $600 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Peabody Town Center area of Peabody.


Terrace Gardens

Terrace Estates Apartments

Total Monthly Price
6 Berry St, Unit 1, Unit 1

84 Margin St
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.

2 Main Street

Peabody Place, LLC.

148 Washington St

Gardner Commons

86 Main St
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.

Salem Heights

150 Federal St, Unit FOR RENT UTILITIES WIFI PARKING

River Properties

The Residences at St. James

122 Boston
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.

18 Japonica St

River Rock Residences
Peabody Town Center, Peabody, MA Local Guide

How much does it cost to rent an apartment in Peabody Town Center?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Peabody Town Center 1 Bedroom Apartments | $2,399 | $1,450 | $2,960 |
| Peabody Town Center 2 Bedroom Apartments | $2,770 | $1,600 | $3,870 |
| Peabody Town Center 3 Bedroom Apartments | $3,018 | $2,675 | $3,300 |
| Peabody Town Center 4 Bedroom Apartments | $3,700 | $3,700 | $3,700 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Peabody Town Center Neighborhood of Peabody, MA.
See all Apartments in PeabodyExplore Peabody
Peabody Town Center, Peabody, MA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Halstead Salem Station | A1 | 1BR,1BA | $2,710 |
| River Properties | 2 Bed 1 bath | 2BR,1BA | $2,800 |
| Grove Street Landing | 2D | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 84 Endicott St, Unit 1-R | 84 Endicott St | 3BR,1BA | $1.78 |
| 6 Berry St, Unit 1 | 6 Berry St | 2BR,1BA | $1.88 |
| Grove Street Landing | 2D | 2BR,2BA | $2.78 |
| River Properties | 2 Bed 1 bath | 2BR,1BA | $2.69 |
| 4 Berry St | 4 Berry St | 3BR,1BA | $3.20 |
| Halstead Salem Station | A1 | 1BR,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.
Read ArticleReal 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.
Pet Friendly LifestylePeabody Town Center, Peabody, MA
Ranked #7
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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.
Helpful Local Expert Guides

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Explore Like a Local: The Insider's Guide to Boston
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.