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Cheap Apartments for Rent in the Central Peabody Neighborhood of Peabody, MA from $1,000 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Peabody area of Peabody.
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Rent Specials
from $1,8001 to 2 Bedroom Apartments Contact Us For Availability
Terrace Gardens
2 Esquire DrPeabody, MA 01960
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.
147 Washington St
PeabodyMA01960
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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from $2,0501 to 3 Bedroom Apartments Contact Us For Availability
Terrace Estates Apartments
143 Shore DrPeabody, MA 01960
6 Wheeler St
PeabodyMA01960
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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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
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from $1,700Studio to 2 Bedroom Apartments Contact Us For Availability
Salem Highlands
84 Highland AveSalem, MA 01970
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Central Peabody, Peabody, MA Local Guide
Peabody Town Center by massmatt is licensed under CC BY 2.0
How much does it cost to rent an apartment in Central Peabody?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Peabody Studio Apartments | $2,158 | $1,050 | $2,699 |
| Central Peabody 1 Bedroom Apartments | $2,747 | $1,800 | $7,200 |
| Central Peabody 2 Bedroom Apartments | $3,299 | $1,950 | $10,000+ |
| Central Peabody 3 Bedroom Apartments | $3,796 | $2,400 | $4,615 |
| Central Peabody 4 Bedroom Apartments | $2,800 | $2,800 | $2,800 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Central Peabody Neighborhood of Peabody, MA.
See all Apartments in PeabodyExplore Peabody
Central Peabody, Peabody, MA Local Guide
- Nearby Peabody neighborhoods
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Cheapest Available Central Peabody Apartments for Rent
The cheapest available apartment rental in the Central Peabody area of Boston, MA is a 1 Bed unit found at Princeton Crossing priced from $2,170. River Drive Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,200. Here are the most affordable Central Peabody apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Princeton Crossing | One BR Deluxe | 1BR,1BA | $2,170 |
| River Drive Apartments | A1G | 1BR,1BA | $2,200 |
| Ezio‘s Place | Affordable Unit (income restricted) | 2BR,1BA | $2,200 |
| eaves Peabody | A1 | 1BR,1BA | $2,265 |
| Highlands at Dearborn Apartments | The Attitash | 1BR,1BA | $2,400 |
Best Value Apartments for Rent in Central Peabody, MA
As of May 13, 2025 the best value apartment in the Central Peabody area is the $2.88 price per square foot 215 River Rock Residences Model at River Properties in the in the South Salem neighborhood starting from $3,025. The second greatest value Central Peabody apartment is the 2E Model at Grove Street Landing starting at $3,225 with a $3.13 price per square foot in the South Salem neighborhood. Here is today’s list of the best values for Central Peabody apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| River Properties | 215 River Rock Residences | 2BR,2BA | $2.88 |
| Grove Street Landing | 2E | 2BR,2BA | $3.13 |
| 174 Lynn St, Unit #2 | 174 Lynn St | 2BR,1BA | $2.58 |
| 9 Bowditch St, Unit #2 | 9 Bowditch St | 2BR,1BA | $2.40 |
| 26 Northend St, Unit #2 | 26 Northend St | 2BR,1BA | $2.40 |
| 47 Holten St, Unit #1 | 47 Holten St | 3BR,1BA | $2.90 |
| 91 Lowell St, Unit #3 | 91 Lowell St | 2BR,1BA | $2.60 |
| 50 Keyes Dr, Unit #38-KD11 | 50 Keyes Dr | 2BR,1BA | $3.07 |
| Ezio‘s Place | Affordable Unit (income restricted) | 2BR,1BA | $2.59 |
| 21 N Central St, Unit #2 | 21 N Central St | Studio ,1BA | $2.76 |
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Pet Friendly LifestyleCentral Peabody, Peabody, MA
Ranked #4
Among neighborhoods in Peabody, MA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Central Peabody, Peabody, MA
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Peabody. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the Central Peabody Neighborhood in Peabody, MA
Walk Score®
64 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
45 / 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 Central Peabody Apartments
What is the price of a cheap apartment in Central Peabody?
The cheapest apartment in Central Peabody is Princeton Crossing which is listed at $2,170, while the average apartment in Central Peabody costs $4,272.
What types of apartments are the cheapest in Central 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 4 regular apartments in Central 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 Central Peabody?
Cheap apartments in Central Peabody have an average cost of $101 which is $4,171 cheaper than the average rent for all rentals in Central Peabody.
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.