
Cheap Apartments for Rent in the Peabody Town Center Neighborhood of Peabody, MA from $600 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in the Peabody Town Center area of Peabody.


Salem Heights
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.

Total Monthly Price
17 Dunlap St, Unit 2A

The Residences at St. James

160 Federal St
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.
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 Studio Apartments | $1,555 | $1,500 | $1,610 |
| Peabody Town Center 1 Bedroom Apartments | $2,161 | $1,450 | $2,680 |
| Peabody Town Center 2 Bedroom Apartments | $2,696 | $1,600 | $3,695 |
| Peabody Town Center 3 Bedroom Apartments | $3,143 | $2,650 | $4,705 |
Browse Apartments in this Neighborhood
There are currently 6 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
- Nearby Peabody neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $2,241. Grove Street Landing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,400. 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 | A3 | 1BR,1BA | $2,241 |
| Grove Street Landing | 1A | 1BR,1BA | $2,400 |
| River Properties | Large 2 bed 2 bath | 2BR,2BA | $2,975 |
Best Value Apartments for Rent in Peabody Town Center, MA
As of December 25, 2025 the best value apartment in the Peabody Town Center area is the $2.03 price per square foot 6 Wheeler St Model at 6 Wheeler St, Unit 1 in the in the South Salem neighborhood starting from $2,100. The second greatest value Peabody Town Center apartment is the 19 Nichols St Model at 19 Nichols St, Unit 19 Nichols ST unit #3 starting at $2,500 with a $2.78 price per square foot in the South Salem 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. |
|---|---|---|---|
| 6 Wheeler St, Unit 1 | 6 Wheeler St | 1BR,1BA | $2.03 |
| 19 Nichols St, Unit 19 Nichols ST unit #3 | 19 Nichols St | 2BR,1BA | $2.78 |
| 17 Dunlap St, Unit 2A | 17 Dunlap St | Studio ,1BA | $1.88 |
| Grove Street Landing | 1A | 1BR,1BA | $3.27 |
| Halstead Salem Station | A1 | 1BR,1BA | $3.43 |
| 55 Buffum St, Unit 2 | 55 Buffum St | 1BR,1BA | $3.36 |
| 24 Proctor St, Unit 24 Proctor St. | 24 Proctor St | 2BR,1BA | $3.54 |
| 16 Washington St, Unit 2 | 16 Washington St | 1BR,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.
Read ArticleThe 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.
Read ArticleCash 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.
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
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 $2,241 at Halstead Salem Station.
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 $2,498 at Halstead Salem Station.
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

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.

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!

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.

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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
