
Cheap Apartments for Rent in the Magnolia Neighborhood of Gloucester, MA from $1,400 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in the Magnolia area of Gloucester.


The Heights At Cape Ann

145 Essex Ave
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
Magnolia, Gloucester, MA Local Guide

How much does it cost to rent an apartment in Magnolia?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Magnolia Studio Apartments | $1,750 | $1,750 | $1,750 |
Magnolia 1 Bedroom Apartments | $2,579 | $2,200 | $3,150 |
Magnolia 2 Bedroom Apartments | $2,871 | $2,400 | $4,150 |
Magnolia 3 Bedroom Apartments | $3,748 | $2,845 | $4,975 |
Magnolia 4 Bedroom Apartments | $3,650 | $3,650 | $3,650 |
Browse Apartments in this Neighborhood
There are currently 6 rentals with your search options within a 3 mile radius of the Magnolia Neighborhood of Gloucester, MA.
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Magnolia, Gloucester, MA Local Guide
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Cheapest Available Magnolia Apartments for Rent
 Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Halyard | A1A | 1BR,1BA | $2,246 |
The Heights At Cape Ann | 1 Bedroom | 1BR,1BA | $2,310 |
Best Value Apartments for Rent in Magnolia, MA
As of March 22, 2025 the best value apartment in the Magnolia area is the $2.64 price per square foot 150 Maplewood Ave Model at 150 Maplewood Ave, Unit 2 in the in the West Gloucester neighborhood starting from $2,975. The second greatest value Magnolia apartment is the 12 Hesperus Cir Model at 12 Hesperus Cir, Unit Oceanfront Apt starting at $2,600 with a $2.74 price per square foot in the Magnolia neighborhood. Here is today’s list of the best values for Magnolia apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
150 Maplewood Ave, Unit 2 | 150 Maplewood Ave | 3BR,1BA | $2.64 |
12 Hesperus Cir, Unit Oceanfront Apt | 12 Hesperus Cir | 1BR,1BA | $2.74 |
Halyard | A1A | 1BR,1BA | $3.42 |
The Heights At Cape Ann | 1 Bedroom | 1BR,1BA | $3.55 |
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Pet Friendly LifestyleMagnolia, Gloucester, MA
Ranked #4
Among neighborhoods in Gloucester, MA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Magnolia, Gloucester, MA
School data provided by Great Schools
Best Local Schools in Magnolia, Gloucester, MA
School data provided by Great Schools
Frequently Asked Questions about Cheap Magnolia Apartments
What is the Cheapest Studio apartment in Magnolia?
Currently the most affordable Cheap Studio Apartment in Magnolia is at listed at $1,750.
How much is rent for a Cheap One Bedroom Magnolia Apartment?
The lowest price for a Cheap One Bedroom Magnolia Apartment is $2,246 at Halyard.
What is the lowest price for a Cheap Two Bedroom Magnolia Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Magnolia is starting from $3,030 at Halyard.
What is the most affordable Magnolia Three Bedroom Apartment?
The best deal on a cheap Magnolia Three Bedroom Apartment rental is at and starts from $2,845.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.