Last updated on September 16, 2026

Average rent in
Peabody, MA

Median rent

Median rent in Peabody

$2,527/mo

increased by2%

vs previous year

The average rent in Peabody is $2,527 per month as of September 2026. This is 33% above the national average rent, or $627 more per month.

$2.73

average price per square foot

Total rentals

Available rentals in Peabody

23

for rent on Zumper.com as of September 2026

Rent price distribution

Share of Peabody rentals at each price point

75%56%38%19%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Peabody, MA

Average rent prices in Peabody have increased by 1% over the last month and have increased by 2% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Peabody, MA

Rent prices in Peabody vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Peabody is $2,527, whereas a house costs $3,875. 1-bedroom apartments in Peabody run $2,325 on average, while 2-bedroom apartments are $2,800.

Listings

Studio

$2,460

4%

18%

1 bedroom

$2,570

1%

9%

2 bedroom

$2,740

No Change

5%

3 bedroom

$4,085

5%

6%

4 bedroom

$7,740

No Change

123%

Studio

Average rent

$2,460

Last 30 days

4%

Last year

18%

1 bedroom

Average rent

$2,570

Last 30 days

1%

Last year

9%

2 bedroom

Average rent

$2,740

Last 30 days

No Change

Last year

5%

3 bedroom

Average rent

$4,085

Last 30 days

5%

Last year

6%

4 bedroom

Average rent

$7,740

Last year

123%

The table above reflects average rent prices in Peabody, MA, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Peabody, MA compare to other cities?

Compare median rent prices in Peabody and Burlington by all bedroom counts and property types.

Peabody

Median rent price$2,527
increased by33%

higher than the national median

Median rent price$3,075
increased by62%

higher than the national median

Takeaway

The median rent for all rentals in Peabody, MA is 18% lower than the median rent in Burlington, MA.

Discover rentals in Peabody, MA

7 Spring Street Ct #3 - Photo 1 of 1

5d+ ago

Peabody Town Center apartment for rent in Peabody

2 beds

1 bath

$2,000

The price shown reflects a 12-month lease and includes base rent plus all required monthly fees provided by the property.
Rosenfelt Building, LLC. - Photo 1 of 1

5d+ ago

8.6

Very good

Rosenfelt Building, LLC.

7 Central St, Peabody, MA 01960

2 beds

1 bath

$2,500

The price shown reflects a 12-month lease. Fees may apply.
7 Oak Peabody LLC - Photo 1 of 1

5d+ ago

8.5

Very good

7 Oak Peabody LLC

7 Oak St, Peabody, MA 01960

2 beds

1 bath

$2,600

The price shown reflects a 12-month lease. Fees may apply.
8 Crowninshield St #411 - Photo 1 of 1

5d+ ago

Peabody Town Center condo for rent in Peabody

8 Crowninshield

8 Crowninshield St #411, Peabody, MA 01960

2 beds

2 baths

$2,600

The price shown reflects a 12-month lease. Fees may apply.

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Peabody, MA

Quick answers to common questions about the Peabody rental market.

How much is rent in Peabody?

The average rent in Peabody is $2,527 per month as of September 12, 2026.

Is rent up or down in Peabody?

Average rent prices in Peabody have increased by 1% over the last month and have increased by 2% since last year.

How does Peabody rent compare to the national average?

Rent in Peabody is 33% above the national average, which means renters are paying approximately $627 more per month.

Which neighborhoods are most affordable in Peabody?

The most affordable neighborhoods in Peabody are South Peabody ($2,135/mo), Peabody Town Center ($2,400/mo), and West Peabody ($2,400/mo).

What salary do I need to afford rent in Peabody?

To comfortably afford rent in Peabody, you'd need to earn approximately $101,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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