Cheap Apartments for Rent in the North Salem Neighborhood of Peabody, MA from $1,300 (14 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the North Salem area of Peabody.

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

close
View Me
1 Harbor
1 Bedroom Apartments

1 Harbor

1 Harbor StSalem, MA 01970

North Salem, Peabody, MA Local Guide

Cheapest Available North Salem Apartments for Rent

 

The cheapest available apartment rental in the North Salem area of Boston, MA is a 1 Bed unit found at 1 Harbor priced from $2,000. Princeton Crossing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,099. Here are the most affordable North Salem apartments for rent in Boston, MA:

Apartment ListingModel NameBed/BathPriced From
1 Harbor1BR/1.0BA1BR,1BA$2,000
Princeton CrossingDog Friendly One Bedroom Standard1BR,1BA$2,099
Folly Hill Meadows1Bd 1Bt (820 sq ft)1BR,1BA$2,300
Sofi At Salem StationMcIntire1BR,1BA$2,562
AmaraSStudio,1BA$2,585

Best Value Apartments for Rent in North Salem, MA

As of March 16, 2025 the best value apartment in the North Salem area is the $2.00 price per square foot 73 School St Model at 73 School St, Unit #3 in the in the North Salem neighborhood starting from $2,600. The second greatest value North Salem apartment is the Sylvan Model at Essex Apartment Homes starting at $3,020 with a $2.47 price per square foot in the South Peabody neighborhood. Here is today’s list of the best values for North Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
73 School St, Unit #373 School St2BR,1BA$2.00
Essex Apartment HomesSylvan2BR,2BA$2.47
Hawthorne CommonsThe Harbor2BR,2BA$2.69
Traders RowB2D2BR,2BA$2.97
River Properties314 River Rock2BR,1BA$2.79
Station 1012 Bed A2BR,2BA$2.74
Sofi At Salem StationMcIntire1BR,1BA$2.98
9 Hodges Ct, Unit 29 Hodges Ct2BR,1BA$3.27
Folly Hill Meadows1Bd 1Bt (820 sq ft)1BR,1BA$2.80
7 Roycroft Rd, Unit #17 Roycroft Rd2BR,1BA$2.93

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
North Salem, Peabody, MA

Ranked #7

Among neighborhoods in Peabody, MA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap North Salem Apartments

What is the Cheapest Studio apartment in North Salem?

Currently the most affordable Cheap Studio Apartment in North Salem is at Amara listed at $2,585.

How much is rent for a Cheap One Bedroom North Salem Apartment?

The lowest price for a Cheap One Bedroom North Salem Apartment is $2,000 at 1 Harbor.

What is the lowest price for a Cheap Two Bedroom North Salem Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in North Salem is starting from $2,600 at Folly Hill Meadows.

What is the most affordable North Salem Three Bedroom Apartment?

The best deal on a cheap North Salem Three Bedroom Apartment rental is at and starts from $2,550.

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.

decorative image for The 10 Best Affordable Neighborhoods in Boston, MA article

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for What to Know About Fees and Fines When Renting article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.