
Cheap Apartments for Rent in the West Peabody Neighborhood of Peabody, MA from $2,000 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the West Peabody area of Peabody.


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Alexan Peabody

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14 North

Essex Apartment Homes

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Highlands at Dearborn Apartments

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Jayden Apartments
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.

15 Bourbon St, Unit 69 Gregorio

Ezio‘s Place

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246 Salem St, Unit 4
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.

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Colonial Point Apartments

Michaels Landing

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Everly

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Lynnfield Commons

Sofi Danvers
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.

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Bradlee Danvers
West Peabody, Peabody, MA Local Guide

How much does it cost to rent an apartment in West Peabody?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| West Peabody Studio Apartments | $2,631 | $2,263 | $2,999 |
| West Peabody 1 Bedroom Apartments | $2,645 | $2,200 | $3,902 |
| West Peabody 2 Bedroom Apartments | $3,194 | $2,050 | $9,591 |
| West Peabody 3 Bedroom Apartments | $3,850 | $3,494 | $4,175 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 3 mile radius of the West Peabody Neighborhood of Peabody, MA.
See all Apartments in PeabodyExplore Peabody
Cheapest Available West Peabody Apartments for Rent
 The cheapest available apartment rental in the West Peabody area of Boston, MA is a 1 Bed unit found at Colonial Point Apartments priced from $2,200. Alexan Peabody has the second lowest priced unit, which is a Studio apartment currently listed from $2,263. Here are the most affordable West Peabody apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colonial Point Apartments | Model 1A | 1BR,1BA | $2,200 |
| Alexan Peabody | S1 | Studio,1BA | $2,263 |
| 14 North | Alpine Meadows (A1C) | 1BR,1BA | $2,301 |
| Essex Apartment Homes | Prospect | 1BR,1BA | $2,335 |
| Michaels Landing | 1BED 1BATH (Available NOW) | 1BR,1BA | $2,350 |
Best Value Apartments for Rent in West Peabody, MA
As of December 19, 2025 the best value apartment in the West Peabody area is the $1.88 price per square foot Three Bedroom Model at 23 Prince Street Apartments in the in the Choate Farm neighborhood starting from $3,750. The second greatest value West Peabody apartment is the Two Bedroom Two Bath (1,137 SF) Model at Everly starting at $2,778 with a $2.44 price per square foot in the West Peabody neighborhood. Here is today’s list of the best values for West Peabody apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 23 Prince Street Apartments | Three Bedroom | 3BR,1.5BA | $1.88 |
| Everly | Two Bedroom Two Bath (1,137 SF) | 2BR,2BA | $2.44 |
| Jayden Apartments | B1 | 2BR,2BA | $2.61 |
| Colonial Point Apartments | Model 1A | 1BR,1BA | $2.55 |
| Bradlee Danvers | One Bedroom A1D2 | 1BR,1BA | $2.98 |
| Essex Apartment Homes | Prospect | 1BR,1BA | $2.83 |
| Michaels Landing | 1BED 1BATH (Available NOW) | 1BR,1BA | $2.94 |
| Lynnfield Commons | Barberry | 1BR,1BA | $2.97 |
| 14 North | Alpine Meadows (A1C) | 1BR,1BA | $2.95 |
| Sofi Danvers | One Bedroom One Bath 1C | 1BR,1BA | $3.06 |
Getting Around the West Peabody Neighborhood in Peabody, MA
Walk Score®
43 / 100
Car-Dependent
Most errands require a car
Bike Score®
32 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap West Peabody Apartments
What is the price of a cheap apartment in West Peabody?
The cheapest apartment in West Peabody is Colonial Point Apartments which is listed at $2,200, while the average apartment in West Peabody costs $3,755.
What types of apartments are the cheapest in West Peabody?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 11 regular apartments in West Peabody that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in West Peabody?
Cheap apartments in West Peabody have an average cost of $252 which is $3,503 cheaper than the average rent for all rentals in West Peabody.
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
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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

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!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.



