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.

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, Peabody Town Center, and South Peabody stand out as the top neighborhoods for renters seeking community connections. These areas feature high walk scores and frequent transit options that create vibrant environments for meeting neighbors and exploring local spots. Peabody Town Center draws the most consumer interest with 35% of the city's rental market.

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

Peabody Town Center offers budget-friendly options despite being the most popular neighborhood in the city. Some 1-bedroom units are available at around $2,000 per month, which is 20% lower than the city median. The neighborhood combines affordability with high walk scores and strong community connections.

Are there pet-friendly apartments in Peabody, MA?

Pet-friendly policies are available in 34% of Peabody listings, making it one of the most common amenities in the city. Proctor and Peabody Town Center are particularly welcoming to pet owners, featuring outdoor space for daily walks, pet waste stations, and policies with no breed restrictions that make finding the right rental straightforward.

Are utilities usually included in rent in Peabody, MA?

Utilities are rarely included in Peabody rentals, appearing in less than 1% of total listings. Two-bedroom apartments have the highest rate of utility inclusion at approximately 0.05% of available units. Most renters should expect to pay utilities separately from their monthly rent.

Cheap Apartments for Rent in Peabody, MA

25 rentals available

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

2d ago

8.3

Very good

157 Lafayette Street Salem, MA 01970

157 Lafayette St, Salem, MA 01970

Affordable

Studio

1 bath

$1,850

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

1 bed

1 bath

$1,850

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

Residences at Lafayette LLC - Photo 1 of 1

No deposit

3d ago

8.6

Very good

Residences at Lafayette LLC

176 Lafayette St, Salem, MA 01970

Affordable

1 bed

1 bath

$1,900

Apartment for rent

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

Rent special

1d ago

9.7

Excellent

Verified

eaves Peabody

51 Keyes Dr, Peabody, MA 01960

Affordable | Swimming pool | Roof deck

Studio–2 beds

1 bath

$2,125–$3,205

Price drop

Apartment for rent

Top amenities

Roof Deck

Call

Nearby rental good for eco-living

$2,195

Lynn

Nearby rental good for pet owners

$2,550

85 Lowell St

Highly rated

Rent special

12h ago

9.7

Excellent

Verified

Avalon Saugus

861 Broadway, Saugus, MA 01906

Affordable | In-unit laundry | Swimming pool

Studio–2 beds

1–2 baths

$2,303–$3,895

Price drop

Apartment for rent

Top amenities

In-Unit Laundry

Package Service

Call

5d+ ago

Verified

$2,325/mo, 1 Bed / 1 Bath Brand New Apartment in Salem with In-Unit Laundry and Central AC and Heat

157 Boston St #1, Salem, MA 01970

Affordable | In-unit laundry | Dishwasher

1 bed

1 bath

$2,325

Apartment for rent

Available Aug 1

Top amenities

Air Conditioning

Hardwood Floor

In-Unit Laundry

On-Site Management

The best of Zumper, delivered

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

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

Controlled Access

On-Site Laundry

2d ago

9.4

Excellent

Verified

Kings Lynne Apts

115 Ocallaghan Way, Lynn, MA 01905

Affordable | Swimming pool | Fitness center

1–4 beds

1–2 baths

$2,354–$3,651

Price drop

Apartment for rent

Call

Find sweet deals near Peabody

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

$1,900

Salem

$1,850

Salem

$2,600

North Salem

$2,795–$3,015

Oakland Vale

Highly rated

Rent special

2d 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

$2,464–$15,622

Apartment for rent

Top amenities

Air Conditioning

Fireplace

In-Unit Laundry

Swimming Pool

Call

3D tour

5d+ ago

Verified

11 Columbia Rd #3, Wakefield, MA 01880

Affordable | In-unit laundry | Dishwasher

1 bed

1 bath

$2,475

Condo for rent

Available Jul 1

Top amenities

Hardwood Floor

In-Unit Laundry

On-Site Laundry

3D tour

1d 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

$2,496–$3,962

Price drop

Apartment for rent

Available May 27

Top amenities

Air Conditioning

Central Heat

Fitness Center

In-Unit Laundry

Package Service

Swimming Pool

Call

5d+ ago

Verified

$2,600 - 2 Bedroom 1 Bathroom House In Salem With Great Amenities

6 Cushing St #NA, Salem, MA 01970

Affordable | On-site laundry | Assigned parking

2 beds

1 bath

$2,600

House for rent

Available Jul 1

Top amenities

Assigned Parking

Central Heat

Hardwood Floor

On-Site Laundry

Storage

New construction

1d 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

$2,704–$6,164

Price drop

Apartment for rent

Top amenities

Air Conditioning

Dishwasher

Fitness Center

In-Unit Laundry

Residents Lounge

Roof Deck

Call

5d+ ago

Verified

35 Fearless Avenue #2, Lynn, MA 01902

Affordable | Dishwasher | Storage

3 beds

1 bath

$2,995

Condo for rent

Available Jul 1

Top amenities

Dishwasher

5d+ 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

Storage

Eagle Rock Apartments at Swampscott - Photo 1 of 1

Highly rated

15h 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

$3,165–$3,425

Apartment for rent

Top amenities

Elevator

Fitness Center

In-Unit Laundry

On-Site Laundry

Package Service

Residents Lounge

Call

2d ago

9.4

Excellent

Verified

861 Broadway

861 Broadway #3015A, Saugus, MA 01906

Affordable | Assigned parking | Furnished

Studio–1 bed

1 bath

$3,300–$3,425

Apartment for rent

Top amenities

Furnished

Microwave

Wi-Fi

1d ago

9.6

Excellent

Verified

51 Keys Drive

51 Keyes Dr #2968A, Peabody, MA 01960

Affordable | Assigned parking | Air conditioning

1–2 beds

1 bath

$3,305–$3,710

Price drop

Apartment for rent

Top amenities

Assigned Parking

Furnished

Oven

Wi-Fi

1d ago

Verified

Wakefield 3+ Bedroom - Parking Included - In Unit Laundry

5 Murray St, Wakefield, MA 01880

Affordable | In-unit laundry | Dishwasher

4 beds

1.5 baths

$3,900

Apartment for rent

Available Sep 1

Top amenities

Hardwood Floor

In-Unit Laundry

On-Site Laundry

1d ago

Verified

Wakefield 3+ Bedroom - Parking Included - In Unit Laundry

5 Murray St, Wakefield, MA 01880

Affordable | In-unit laundry | Dishwasher

3 beds

1.5 baths

$3,900

Apartment for rent

Available Aug 15

Top amenities

Dishwasher

Hardwood Floor

In-Unit Laundry

On-Site Laundry

1d ago

Verified

22F Atlantic Ave, Marblehead, MA 01945

Affordable | In-unit laundry | Central heat

2 beds

1.5 baths

$7,371

$6,345

Price drop

Apartment for rent

Top amenities

Business Center

Central Heat

Furnished

In-Unit Laundry

Wi-Fi

2d ago

Verified

20 Hawkes St, Marblehead, MA 01945

Affordable | In-unit laundry | Dishwasher

3 beds

1 bath

$8,812

$7,952

Price drop

Apartment for rent

Top amenities

Air Conditioning

Business Center

In-Unit Laundry

Microwave

Oven

1d ago

Verified

3 Chapel Way, Stoneham, MA 02180

Affordable | Garage parking | Dishwasher

5 beds

4 baths

$12,579

$11,033

Price drop

Apartment for rent

Top amenities

Air Conditioning

Assigned Parking

Microwave

On-Site Laundry

Wi-Fi

Showing 1 - 25 of 25 results

Home > Apartments in Peabody > Peabody Cheap Apartments For Rent

Updated: June 21, 2026

Are you a rental professional?

Try our tenant screening, or post rental listings to Zumper, Craigslist Peabody, and more.

💸Lowest price	$1,850
🔑Available apartment rentals	25
💰Best rent deal	182 Lafayette St
✨Popular amenities	, ,
🧦In-unit laundry
🍽With dishwasher
🏠With photos

Popular filters

Pets

Deals

Lifestyle

Zumper Expert Rating

Lease length

Price category

Specialty housing

Laundry

In building

In unit

Amenities

Listing features

Square feet

Cheap Apartments for Rent in Peabody, MA

Nearby rental good for eco-living

Nearby rental good for pet owners

Find sweet deals near Peabody

Browse rentals in Peabody by popular searches

We've got Homes and Apartments for Rent in Popular Cities.

Browse apartments by bedrooms

Available apartment rentals near Peabody, MA

Available apartment rentals in Peabody, MA popular neighborhoods

Browse apartment buildings in Peabody

Property types near Peabody

Find addresses in Peabody

Looking for apartments in Peabody, MA near you?