Apartments for Rent by Owner in Peabody, MA Under $1,200 (1 Rental)
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Peabody, MA Local Guide

How much does it cost to rent an apartment in Peabody?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Peabody Studio Apartments | $1,882 | $1,050 | $2,700 |
Peabody 1 Bedroom Apartments | $2,764 | $1,350 | $10,000+ |
Peabody 2 Bedroom Apartments | $3,267 | $1,500 | $10,000+ |
Peabody 3 Bedroom Apartments | $3,618 | $2,650 | $4,600 |
Peabody 4 Bedroom Apartments | $2,800 | $2,800 | $2,800 |
Explore Peabody
Peabody, MA Local Guide
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Quick 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.
Getting Around Peabody, MA
Walk Score®
62 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
42 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
1 / 100
Minimal Transit
It may be possible to get on a bus
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 For rent By Owner Peabody Apartments
What is the Cheapest For rent By Owner apartment in Peabody?
Currently the most affordable For rent By Owner Apartment in Peabody is at 21 N Central St, Unit #2 listed at $1,050.
How much is the average rent for a For rent By Owner Peabody Apartment?
The average rent for a For rent By Owner Apartment in Peabody is $2,467.
What is the largest For rent By Owner Peabody Apartment for rent?
Today's For rent By Owner apartment with the most square footage in Peabody is a 9,999 square feet unit starting from $2,400 at 85 Timson St, Unit #1.
What is the average size for Peabody For rent By Owner Apartments for rent?
The average size for a For rent By Owner rental in Peabody is currently at 1,538 sq ft.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.