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Terrace Estates Apartments
143 Shore DrPeabody, MA 01960
Cheap Apartments for Rent in the West Peabody Neighborhood of Peabody, MA from $2,000 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the West Peabody area of Peabody.
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Rent Specials
from $2,3351 to 3 Bedroom Apartments Available Now
14 North
1000 Crane Brook WayPeabody, MA 01960
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Rent Specials
from $2,4501 to 3 Bedroom Apartments Available Now
Highlands at Dearborn Apartments
19 Magnolia WayPeabody, MA 01960
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from $2,4901 to 2 Bedroom Apartments Available Now
Essex Apartment Homes
One Avalon DrPeabody, MA 01960
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from $2,2001 to 2 Bedroom Apartments Available Now
Colonial Point Apartments
95 Audubon RdWakefield, MA 01880
5 Lowell St
LynnfieldMA01940
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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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West Peabody, Peabody, MA Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in West Peabody?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| West Peabody Studio Apartments | $4,159 | $2,237 | $6,082 |
| West Peabody 1 Bedroom Apartments | $2,825 | $2,050 | $5,000 |
| West Peabody 2 Bedroom Apartments | $3,531 | $2,350 | $10,000+ |
| West Peabody 3 Bedroom Apartments | $3,352 | $2,650 | $5,240 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 3 mile radius of the West Peabody Neighborhood of Peabody, MA.
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Cheapest Available West Peabody Apartments for Rent
The cheapest available apartment rental in the West Peabody area of Boston, MA is a 1 Bed unit found at Ezio‘s Place priced from $2,050. Colonial Point Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,200. Here are the most affordable West 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 |
| Colonial Point Apartments | Model 1A | 1BR,1BA | $2,200 |
| Michaels Landing | Affordable Waitlist (income restricted) | 2BR,2BA | $2,350 |
Best Value Apartments for Rent in West Peabody, MA
As of April 15, 2025 the best value apartment in the West Peabody area is the $2.61 price per square foot 2BED 2BATH (AUG-SEP 2025) Model at Michaels Landing in the in the South Peabody neighborhood starting from $3,000. The second greatest value West Peabody apartment is the Model 1A Model at Colonial Point Apartments starting at $2,200 with a $2.55 price per square foot in the West Peabody neighborhood. Here is today’s list of the best values for West Peabody apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Michaels Landing | 2BED 2BATH (AUG-SEP 2025) | 2BR,2BA | $2.61 |
| Colonial Point Apartments | Model 1A | 1BR,1BA | $2.55 |
| Ezio‘s Place | Affordable Unit (income restricted) | 1BR,1BA | $2.59 |
| Everly | One Bedroom One Bath (789 SF) | 1BR,1BA | $3.17 |
| Essex Apartment Homes | Cross | 1BR,1BA | $3.20 |
| Jayden Apartments | A1 | 1BR,1BA | $3.61 |
| 14 North | Aviary Gardens (A1A) | 1BR,1BA | $3.22 |
| Bradlee Danvers | One Bedroom A1B1 | 1BR,1BA | $3.53 |
| Highlands at Dearborn Apartments | The Attitash | 1BR,1BA | $3.55 |
Getting Around the West Peabody Neighborhood in Peabody, MA
Walk Score®
43 / 100
Car-Dependent
Most errands require a car
Bike Score®
32 / 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 West Peabody Apartments
What is the price of a cheap apartment in West Peabody?
The cheapest apartment in West Peabody is Ezio‘s Place which is listed at $2,050, while the average apartment in West Peabody costs $3,333.
What types of apartments are the cheapest in West 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 7 regular apartments in West Peabody that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.