3 Buttonwood Ln
PeabodyMA01960
Cheap Homes for Rent in Peabody, MA from $1,300 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Peabody.
65 Moulton St
LynnMA01905
34 Bayview Terrace
DanversMA01923
8 Joyce St
LynnMA01902
56 Johnson St
LynnMA01902
8 Nahant Pl
LynnMA01902
20 Burley Ave
DanversMA01923
189 N Common St
LynnMA01905
6R Hazel Terrace
SalemMA01970
29 Tracey St
PeabodyMA01960
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
8 Eutaw Ave
LynnMA01902
23 Park St
SalemMA01970
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Peabody, MA Local Guide
Peabody Town Center by massmatt is licensed under CC BY 2.0
How much does it cost to rent a home in Peabody?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peabody 2 Bedroom Homes for Rent | $2,729 | $1,975 | $3,800 |
| Peabody 3 Bedroom Homes for Rent | $3,390 | $1,500 | $4,500 |
| Peabody 4 Bedroom Homes for Rent | $3,980 | $3,200 | $5,000 |
Browse Top Homes for Rent in Peabody
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Peabody, MA Local Guide
- Peabody Neighborhoods
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Cheapest Neighborhoods for Apartments in Peabody, MA
Pricing Updated: 03/25/2025Current apartment rentals in the Peabody, MA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Peabody Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Peabody | $3,300 | $1,725 | 291 |
Cheapest Available Peabody Apartments for Rent
The cheapest available apartment rental in Peabody, MA is a Studio unit found at THE ESSEX in the Central neighborhood priced from $1,550. Peabody Place, LLC. in the South Peabody neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,899. Here is today’s list of the most affordable Peabody apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| THE ESSEX | 0BR/1.0BA | Studio,1BA | $1,550 |
| Peabody Place, LLC. | 1BR/1.0BA | 1BR,1BA | $1,899 |
| Ezio‘s Place | Affordable Unit (income restricted) | 1BR,1BA | $2,050 |
| River Drive Apartments | A1G | 1BR,1BA | $2,150 |
Best Value Apartments for Rent in Peabody, MA
As of March 25, 2025 the best value apartment in the Peabody area is the $0.24 price per square foot 85 Timson St Model at 85 Timson St, Unit #1 in the in the East Lynn neighborhood starting from $2,400. The second greatest value Peabody apartment is the 2BR/1.0BA Model at THE ESSEX starting at $2,225 with a $0.22 price per square foot in the Central neighborhood. Here is today’s list of the best values for Peabody apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 85 Timson St, Unit #1 | 85 Timson St | 2BR,1BA | $0.24 |
| THE ESSEX | 2BR/1.0BA | 2BR,1BA | $0.22 |
| 150 Allen Ave, Unit 1 | 150 Allen Ave | 3BR,3BA | $1.87 |
| 35 Pacific St, Unit #2 | 35 Pacific St | 2BR,1BA | $1.73 |
| 7 Hancock St, Unit 1 | 7 Hancock St | 3BR,1BA | $2.07 |
| 23 Gardner St | 23 Gardner St | 2BR,1BA | $1.86 |
| 34 Locust St, Unit #2 | 34 Locust St | 2BR,1BA | $1.86 |
| 8 Elm St, Unit #1 | 8 Elm St | 2BR,1BA | $2.08 |
| Michaels Landing | Affordable Waitlist (income restricted) | 2BR,2BA | $2.04 |
| 9 Carlton St, Unit #3 | 9 Carlton St | 2BR,1BA | $2.20 |
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Frequently Asked Questions about Peabody
What type of rentals are currently available in Peabody?
There are currently 524 Apartments for Rent in Peabody, MA with pricing that ranges from $1,100 to $17,659. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peabody ranging from $1,350 to $5,000.
What is the current price range for Rental Homes in Peabody?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Peabody ranges from $1,350 to $5,000 with an average monthly rent of $3,082.
How much are larger Three and Four Bedroom Rentals in Peabody?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Peabody range from $2,550 to $5,385, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $4,500. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $3,500.
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.