Average Rent in Peabody, MA and Rent Price Trends

Rent trends in Peabody, MA

Average rent prices in Peabody have decreased by 4% over the last month and have increased by 4% 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 $2,500, whereas a house costs $3,100. 1-bedroom apartments in Peabody run $2,325 on average, while 2-bedroom apartments are $2,925.


Studio	$2,565	2%	5%
1 bedroom	$2,717	1%	18%
2 bedroom	$2,925	5%	3%
3 bedroom	$3,600	17%	3%
4 bedroom	$7,914	3%	-

		Listings
Peabody Town Center	$1,850
Proctor	$2,802
South Peabody	$2,280
West Peabody	$2,900


Apartments	$2,500	2%	No Change
Condos	$2,700	10%	No Change
Houses	$3,100	27%	31%

Studio

Average rent

$2,565

Last 30 days

Last year

1 bedroom

Average rent

$2,717

Last 30 days

Last year

18%

2 bedroom

Average rent

$2,925

Last 30 days

Last year

3 bedroom

Average rent

$3,600

Last 30 days

17%

Last year

4 bedroom

Average rent

$7,914

Last 30 days

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$2,500

29%

higher than the national median

Median rent price$3,430

77%

higher than the national median

Takeaway

The median rent for all rentals in Peabody, MA is 27% lower than the median rent in Burlington, MA.

Average rent in nearby cities

Explore rent trends in neighboring markets

$3,430

$2,750

$3,086

$2,575

$2,350

$2,561

$2,600

$2,478

$2,700

$2,800

$3,577

$2,700

Discover rentals in Peabody, MA

6h ago

9.5

Excellent

Verified

eaves Peabody

51 Keyes Dr, Peabody, MA 01960

1–2 beds

1 bath

$2,470–$3,355

Price drop

Apartment for rent

Call

3D tour

1d ago

9.9

Excellent

Verified

Essex Apartment Homes

1 Avalon Dr, Peabody, MA 01960

1–2 beds

1–2 baths

$2,542–$3,215

Apartment for rent

Available Jul 9

Call

5d+ ago

Peabody Town Center apartment for rent in Peabody

24 Tracey St #2, Peabody, MA 01960

2 beds

1 bath

$2,500

$2,300

Price drop

Apartment for rent

Available Jul 15

122 Foster Street Peabody, MA O1960 - Photo 1 of 1

5d+ ago

7.9

Very good

122 Foster Street Peabody, MA O1960

122 Foster St, Peabody, MA 01960

2 beds

1 bath

$2,400

Apartment for rent

No deposit

2d ago

8.6

Very good

Rosenfelt Building, LLC.

7 Central St, Peabody, MA 01960

2 beds

1 bath

$2,500

Apartment for rent

5d+ ago

Peabody Town Center apartment for rent in Peabody

86 Main St, Peabody, MA 01960

2 beds

1 bath

$2,500

Apartment for rent

Available Aug 1

1d ago

Peabody Town Center condo for rent in Peabody

8 Crowninshield

8 Crowninshield St, Peabody, MA 01960

2 beds

2 baths

$3,000

$2,600

Price drop

Condo for rent

Available Sep 1

5d+ ago

Peabody Town Center apartment for rent in Peabody

APARTMENT - Peabody, MA

25 Sherman St #2, Peabody, MA 01960

3 beds

2 baths

$3,000

$2,700

Price drop

Apartment for rent

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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 $2,500 per month as of August 1, 2026.

Is rent up or down in Peabody?

Average rent prices in Peabody have decreased by 4% over the last month and have increased by 4% since last year.

How does Peabody rent compare to the national average?

Rent in Peabody is 29% above the national average, which means renters are paying approximately $560 more per month.

Which neighborhoods are most affordable in Peabody?

The most affordable neighborhoods in Peabody are Peabody Town Center ($1,850/mo), South Peabody ($2,280/mo), and Proctor ($2,802/mo).

What salary do I need to afford rent in Peabody?

To comfortably afford rent in Peabody, you'd need to earn approximately $100,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Peabody?

Peabody Town Center, Proctor, and South Peabody stand out as the top rental neighborhoods, offering strong walkability and transit access for social living. Pet owners will particularly appreciate Proctor and Peabody Town Center for their pet-safe windows, dedicated pet spaces, and dog parks with no breed restrictions.

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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