How much is the average rent in Peabody, MA for 1-bedroom and 2-bedroom apartments?

The average rent for a 1-bedroom apartment in Peabody, MA is $2,469, while a 2-bedroom apartment averages $2,864.

Are rents going up or down in Peabody, MA?

Rents in Peabody have generally increased by about 2% year-over-year. The average cost of a 1-bedroom has risen by 7%, while 2-bedroom rents have decreased by 2%.

When is the best time to look for an apartment in Peabody, MA?

December is the least competitive month to find an apartment in Peabody, MAking it a good time to search for deals, whereas October is the most competitive month.

What are the best neighborhoods to rent an apartment in Peabody, MA?

Proctor, South Peabody, and Peabody Town Center are notable neighborhoods, offering vibrant atmospheres and amenities, making them ideal for social living and community convenience.

What areas of Peabody, MA are best for budget-conscious renters?

Peabody Town Center is attractive for budget-conscious renters, with 1-bedroom rents averaging $1,899, which is 16% lower than the city median.

Are there pet-friendly apartments in Peabody, MA?

Yes, Peabody offers pet-friendly apartments with 53.63% of listings being pet-friendly, particularly in Proctor and South Peabody.

Are utilities usually included in rent in Peabody, MA?

Utilities are included in 28% of the rental listings in Peabody.

Cheap Apartments for Rent in Peabody, MA

25 rentals

5d+ ago

Verified

75 Washington Street, Peabody, MA 01960

Affordable | Assigned parking | Storage

1 bed

0 baths

$1,600

Apartment for rent

Available Dec 15

1d ago

Very good

Rosenfelt Building, LLC.

7 Central St, Peabody, MA 01960

Affordable

Studio

1 bath

$1,625

Apartment for rent

182 Lafayette Street Salem, MA 01970 - Photo 1 of 1

4d ago

8.4

Very good

182 Lafayette Street Salem, MA 01970

182 Lafayette St, Salem, MA 01970

Affordable

Studio

1 bath

$1,650–$1,699

Apartment for rent

3d ago

8.5

Very good

119 Lewis

119 Lewis St, Lynn, MA 01902

Affordable | Hardwood floor | Central heat

1 bed

1 bath

$1,799

Apartment for rent

5d+ ago

8.5

Very good

R29PLE

29 Pleasant St, Marblehead, MA 01945

Affordable | In-unit laundry | Dishwasher

1 bed

1 bath

$1,895

Apartment for rent

Top amenities

In-Unit Laundry

Storage

5d+ ago

Verified

6 Venice Street #6B, Danvers, MA 01923

Affordable | On-site laundry | Assigned parking

1 bed

1 bath

$2,000

Condo for rent

Available Apr 23

Top amenities

Assigned Parking

Ceiling Fan

Dishwasher

On-Site Laundry

Storage

Nearby rental good for eco-living

$2,300

Lynn

Nearby rental good for pet owners

$2,300

111 Main St

5d+ ago

Cheap apartment for rent in Lynn

23 Echo Grove Avenue #3, Lynn, MA 01905

Affordable | Assigned parking | Central heat

2 beds

1 bath

$2,000

Apartment for rent

Available Apr 11

3d ago

8.6

Very good

116 Main Street, LLC.

116 Main St, Peabody, MA 01960

Affordable

Studio

1 bath

$2,050

Apartment for rent

The best of Zumper, delivered

Be the first to hear about new listings matching your search.

Rent special

13h ago

9.4

Excellent

Verified

eaves Peabody

51 Keyes Dr, Peabody, MA 01960

Affordable | Swimming pool | Roof deck

Studio–2 beds

1 bath

$2,265–$2,785

Price drop

Apartment for rent

Top amenities

Swimming Pool

Call

1d ago

9.4

Excellent

Verified

King`s Lynne

115 Ocallaghan Way, Lynn, MA 01905

Affordable | Swimming pool | Fitness center

1–4 beds

1–2 baths

$2,266–$4,112

Price drop

Apartment for rent

Available Apr 1

Call

Find sweet deals near Peabody

These rentals are 10%-30% cheaper than the local average price for similar rentals.

$2,382

Peabody Town Center

$1,650–$1,699

Salem

$2,589

Wakefield

N/A

Oakland Vale

5d+ ago

Verified

42 Park Street #2, Salem, MA 01970

Affordable

2 beds

1 bath

$2,300

Apartment for rent

Available Mar 23

Highly rated

Rent special

2d ago

9.7

Excellent

Verified

Avalon Saugus

861 Broadway, Saugus, MA 01906

Affordable | In-unit laundry | Swimming pool

Studio–2 beds

1–2 baths

$2,310–$3,225

Price drop

Apartment for rent

Top amenities

Fitness Center

In-Unit Laundry

Call

2d ago

Verified

Beautiful * Parking * Heat + HW incl * Tons of space DW+Disp * Melrose

15 East St #1R, Melrose, MA 02176

Affordable | On-site laundry | Dishwasher

1 bed

1 bath

$2,350

Apartment for rent

Available May 1

Top amenities

Hardwood Floor

On-Site Laundry

3d ago

8.3

Very good

Verified

Cranebrook Crossing

7 Dyer Court, Danvers, MA 01923

Affordable | Dishwasher | Carpet

2 beds

1 bath

$2,350

Apartment for rent

Available May 7

Top amenities

On-Site Laundry

Highly rated

Rent special

13h ago

9.6

Excellent

Verified

Hawthorne Commons

205 Highland Ave, Salem, MA 01970

Affordable | In-unit laundry | Garage parking

1–2 beds

1–2 baths

$2,433–$10,884

Apartment for rent

Top amenities

Air Conditioning

Fireplace

Garage Parking

In-Unit Laundry

Call

1d ago

Verified

24 Wardwell Avenue #2, Lynn, MA 01902

Affordable | Dishwasher | Hardwood floor

2 beds

1 bath

$2,450

Apartment for rent

Available Jun 1

Top amenities

Air Conditioning

Hardwood Floor

5d+ ago

8.6

Very good

675 Humphrey St

675 Humphrey St, Swampscott, MA 01907

Affordable | Assigned parking | Dishwasher

2 beds

1 bath

$2,500

Apartment for rent

Top amenities

Assigned Parking

3D tour

2d ago

9.6

Excellent

Verified

Essex Apartment Homes

1 Avalon Dr, Peabody, MA 01960

Affordable | In-unit laundry | On-site management

1–2 beds

1–2 baths

$2,520–$4,777

Price drop

Apartment for rent

Available Nov 24

Top amenities

Air Conditioning

Central Heat

Furnished

In-Unit Laundry

On-Site Management

Package Service

Call

Rent special

New construction

19h ago

9.9

Excellent

Verified

The Basin

200 Quannapowitt Pkwy, Wakefield, MA 01880

Affordable | In-unit laundry | Garage parking

Studio–3 beds

1–2 baths

$2,589–$7,529

Price drop

Apartment for rent

Top amenities

Fitness Center

In-Unit Laundry

Residents Lounge

Roof Deck

Storage

Swimming Pool

Call

2d ago

8.3

Very good

29 Harbor St

29 Harbor St, Salem, MA 01970

Affordable | In-unit laundry | Dishwasher

3 beds

1–2 baths

$3,000

Condo for rent

Top amenities

Air Conditioning

Dishwasher

Furnished

In-Unit Laundry

On-Site Laundry

Eagle Rock Apartments at Swampscott - Photo 1 of 1

Highly rated

3d ago

9.9

Excellent

Verified

Eagle Rock Apartments at Swampscott

100 Vantage Ter, Swampscott, MA 01907

Affordable | In-unit laundry | Garage parking

2 beds

2 baths

$3,055–$3,155

Apartment for rent

Top amenities

Elevator

Garage Parking

In-Unit Laundry

On-Site Laundry

On-Site Management

Storage

Call

4d ago

Verified

8 Ledgewood Way #10, Peabody, MA 01960

Affordable | In-unit laundry | Assigned parking

2 beds

2 baths

$3,100

Condo for rent

Available May 1

Top amenities

Assigned Parking

Dishwasher

Hardwood Floor

In-Unit Laundry

Swimming Pool

1d ago

Verified

$3,500 - 3 Bedroom 2 Bathroom Apartment In Saugus With Great Amenities

98 Winter St #2, Saugus, MA 01906

Affordable | Assigned parking | Hardwood floor

3 beds

2 baths

$3,500

Apartment for rent

Available Mar 1

Top amenities

Assigned Parking

4d ago

Verified

1 Perkins Road, Danvers, MA 01923

Affordable | In-unit laundry | Dishwasher

3 beds

1.5 baths

$3,750

House for rent

Available Apr 29

Top amenities

Air Conditioning

Central Heat

Dishwasher

Fireplace

In-Unit Laundry

5d+ ago

Cheap townhouse for rent in Marblehead

47 Intrepid Cir, Marblehead, MA 01945

Affordable | Assigned parking | Dishwasher

3 beds

3 baths

$5,295

House for rent

Top amenities

Fitness Center

Showing 1 - 25 of 25 results

Home > Apartments in Peabody > Peabody Cheap Apartments For Rent

Updated: May 3, 2026

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💸Lowest price	$1,600
🔑Available apartment rentals	25
💰Best rent deal	75 Washington Street
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