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116 Main Street, LLC. offers a strong mix of value, convenience, and standout amenities, with an 8.3 overall rating, high marks for amenities and location, and competitive pricing. It also features on-site laundry, off-street parking, a private entrance, ample closet space, a spacious open living area, and hardwood floors, while nearby pet services and the close-by elementary school add to its overall appeal.
Things you’ll love
Less expensiveElementary school nearbyGreat for
Pet owners| Studio, 1-Bathroom | Studio | 1 bath | 440 sqft | $1,675 /mo | 1 unit available | Studio Apartment | $1,675 Monthly Lease Rent | 6 Weeks Free* Limited-Time Leasing Special Sign a 12-month lease at a monthly rent of $1,675 and receive a concession equal to six weeks of rent—an approximate total savings of $2,319. Choose how to receive your concession: • Upfront Concession: Receive six weeks of free rent at the beginning of the lease. Once the concession has been fully applied, the monthly rent will be $1,675 for the remainder of the lease term. • Monthly Concession: Apply the total concession evenly across the 12-month lease term, resulting in an effective monthly cost of approximately $1,482. Utilities: Water & sewer are included in the rent. Residents are responsible for electricity. The apartment has electric heat. Parking: On-site parking is available in the lot behind the building on a first-come, first-served basis. Parking spaces are not assigned and availability is not guaranteed. Laundry: Convenient coin-operated laundry machines are available on-site for resident use. Rental Qualifications: • Minimum credit score: 580 • Gross monthly household income must equal at least 3x the monthly rent • Additional screening and eligibility requirements may apply Important: The monthly rent stated in the lease is $1,675. The effective rate of approximately $1,482 reflects the six-week concession distributed across the full 12-month lease term and is not the monthly rent stated in the lease. The six-week leasing concession is available to new qualifying residents only and does not apply to existing residents transferring from another Northfield Properties apartment or unit. Concession terms, eligibility requirements, and the payment schedule will be provided in writing before lease signing. Offer is subject to availability and may be changed or discontinued at any time. For more information or to schedule a tour: Jolene Griffin 978-641-3653 **** Northfield Properties is an Equal Housing Opportunity provider. We do not discriminate based on any characteristic protected by applicable federal, state, or local law, including lawful receipt of public assistance or housing assistance. |
Let's explore this property.
Appliances
| Range | Stove |
Building
| Cats OK | Dogs OK |
| Water/Sewer |
Grounds
| Off-Street Parking |
Other
| Full Size Refridgerator |
One-time.
One-time. Refundable.
Questions about this property’s policies and fees?
| Units | 11 |
|---|
Studio Apartment | $1,675 Monthly Lease Rent | 6 Weeks Free* Limited-Time Leasing Special Sign a 12-month lease at a monthly rent of $1,675 and receive a concession equal to six weeks of rent—an approximate total savings of $2,319. Choose how to receive your concession: • Upfront Concession: Receive six weeks of free rent at the beginning of the lease. Once the concession has been fully applied, the monthly rent will be $1,675 for the remainder of the lease term. • Monthly Concession: Apply the total concession evenly across the 12-month lease term, resulting in an effective monthly cost of approximately $1,482. Utilities: Water & sewer are included in the rent. Residents are responsible for electricity. The apartment has electric heat. Parking: On-site parking is available in the lot behind the building on a first-come, first-served basis. Parking spaces are not assigned and availability is not guaranteed. Laundry: Convenient coin-operated laundry machines are available on-site for resident use. Rental Qualifications: • Minimum credit score: 580 • Gross monthly household income must equal at least 3x the monthly rent • Additional screening and eligibility requirements may apply Important: The monthly rent stated in the lease is $1,675. The effective rate of approximately $1,482 reflects the six-week concession distributed across the full 12-month lease term and is not the monthly rent stated in the lease. The six-week leasing concession is available to new qualifying residents only and does not apply to existing residents transferring from another Northfield Properties apartment or unit. Concession terms, eligibility requirements, and the payment schedule will be provided in writing before lease signing. Offer is subject to availability and may be changed or discontinued at any time. For more information or to schedule a tour: Jolene Griffin 978-641-3653 **** Northfield Properties is an Equal Housing Opportunity provider. We do not discriminate based on any characteristic protected by applicable federal, state, or local law, including lawful receipt of public assistance or housing assistance.
How 116 Main Street, LLC. compares to other nearby properties.
Positives
Considerations
studio apartments at 116 Main Street, LLC. cost about 2% more than the average rent price for studio apartments in Peabody Town Center.
| Month | Median Rent |
|---|---|
| October 2024 | $2,257 |
| November 2024 | $2,942 |
| December 2024 | $3,085 |
| January 2025 | $2,856 |
| February 2025 | $2,829 |
| March 2025 | $2,757 |
| April 2025 | $3,014 |
| May 2025 | $3,123 |
| June 2025 | $2,375 |
| July 2025 | $1,755 |
| August 2025 | $1,600 |
| September 2025 | $1,620 |
| October 2025 | $1,646 |
| November 2025 | $2,242 |
| December 2025 | $2,536 |
| January 2026 | $2,690 |
| February 2026 | $1,770 |
| March 2026 | $1,597 |
| April 2026 | $1,852 |
| May 2026 | $1,690 |
| June 2026 | $1,650 |
| July 2026 | $1,650 |
| August 2026 | $1,650 |
| September 2026 | $1,631 |
| October 2026 | $1,650 |
| Month | Median Rent |
|---|---|
| September 2025 | $1,600 |
| March 2026 | $1,400 |
| May 2026 | $1,650 |
| June 2026 | $1,650 |
| July 2026 | $1,650 |
| August 2026 | $1,650 |
| September 2026 | $1,631 |
| October 2026 | $1,650 |
Can I afford to live at 116 Main St?
Bedrooms
StudioRent-to-income ratio
30%
$67,000/yr
60 northend st
peabody, MA, 1960
50 swampscott ave
peabody, MA, 1960
18 irving st
peabody, MA, 1960
16 maple st ext
peabody, MA, 1960
210 andover st
peabody, MA, 1960
12 Dow St
1 Bed
$1,900
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
182 Lafayette St
Studio
$1,650
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Broadway • 1 Webster Ave
Studio–2 Beds
$2,134–$2,942
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Proctor • 51 Keyes Dr
Studio–2 Beds
$2,595–$2,680
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Oakland Vale • 861 Broadway
Studio–2 Beds
$2,325–$3,460
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.172 Maple St #303
1 Bed
$2,000
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Maplewood • 37 Spring St #4
1 Bed
$2,000
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.170 Maple St #110
1 Bed
$2,000
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.12 Dow St
1 Bed
$1,900
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.182 Lafayette St
Studio
$1,650
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Broadway • 1 Webster Ave
Studio–2 Beds
$2,134–$2,942
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Proctor • 51 Keyes Dr
Studio–2 Beds
$2,595–$2,680
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Oakland Vale • 861 Broadway
Studio–2 Beds
$2,325–$3,460
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.172 Maple St #303
1 Bed
$2,000
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Maplewood • 37 Spring St #4
1 Bed
$2,000
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.170 Maple St #110
1 Bed
$2,000
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
