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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
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from $2,0501 to 3 Bedroom Apartments Contact Us For Availability
Terrace Estates Apartments
143 Shore DrPeabody, MA 01960
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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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from $2,025Studio to 3 Bedroom Apartments Available Now
Maple Square Apartments
128 Maple StDanvers, MA 01923
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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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Showing Results 1-11, Page 1 of 1
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 | $2,060 | $1,050 | $3,143 |
| Central Peabody 1 Bedroom Apartments | $2,749 | $1,800 | $7,097 |
| Central Peabody 2 Bedroom Apartments | $3,153 | $2,200 | $9,891 |
| Central Peabody 3 Bedroom Apartments | $3,394 | $2,650 | $5,220 |
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 Ezio‘s Place priced from $2,050. Princeton Crossing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,170. Here are the most affordable Central Peabody apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ezio‘s Place | Affordable Unit (income restricted) | 1BR,1BA | $2,050 |
| Princeton Crossing | One BR Deluxe | 1BR,1BA | $2,170 |
| eaves Peabody | A1 | 1BR,1BA | $2,190 |
| River Drive Apartments | A1G | 1BR,1BA | $2,200 |
| Hawthorne Commons | The Dickens | 1BR,1BA | $2,368 |
Best Value Apartments for Rent in Central Peabody, MA
As of April 12, 2025 the best value apartment in the Central Peabody area is the $2.05 price per square foot 38 Forest St Model at 38 Forest St, Unit #1 in the in the South Peabody neighborhood starting from $3,800. The second greatest value Central Peabody apartment is the 8 Elm St Model at 8 Elm St, Unit #1 starting at $2,500 with a $2.08 price per square foot in the South Peabody 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. |
|---|---|---|---|
| 38 Forest St, Unit #1 | 38 Forest St | 3BR,1.5BA | $2.05 |
| 8 Elm St, Unit #1 | 8 Elm St | 2BR,1BA | $2.08 |
| 46 Holten St, Unit #1 | 46 Holten St | 2BR,1BA | $2.00 |
| 174 Lynn St, Unit #2 | 174 Lynn St | 2BR,1BA | $2.58 |
| 26 Northend St, Unit #2 | 26 Northend St | 2BR,1BA | $2.40 |
| 9 Bowditch St, Unit #2 | 9 Bowditch St | 2BR,1BA | $2.40 |
| 91 Lowell St, Unit #3 | 91 Lowell St | 2BR,1BA | $2.60 |
| 85 Lowell St, Unit #1 | 85 Lowell St | 2BR,1BA | $2.67 |
| Ezio‘s Place | Affordable Unit (income restricted) | 1BR,1BA | $2.59 |
| 15 Lowe St, Unit 1 | 15 Lowe St | 2BR,1BA | $2.59 |
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Pet Friendly LifestyleCentral Peabody, Peabody, MA
Ranked #6
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 Ezio‘s Place which is listed at $2,050, while the average apartment in Central Peabody costs $3,300.
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 $142 which is $3,158 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.
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.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
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.