Cheap Apartments for Rent in Peabody, MA

40 rentals

Apartments For Rent Near Peabody, MA

We found 30 more apartments matching your filters just outside Peabody

Average Rent Trends in Peabody, MA

Rent in Peabody, MA varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Feb 2025.
MonthAverage rent
Jun 2025$2,700
Jul 2025$2,710
Aug 2025$2,638
Sep 2025$2,675
Oct 2025$2,600
Nov 2025$2,750
Dec 2025$2,700
Jan 2026$2,750
Feb 2026$2,650
Mar 2026$2,599
Apr 2026$2,500
May 2026$2,500
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
1 bed2 beds3 beds4 bedsAll
All home types$2,054$2,746$3,300$5,000$2,566
Townhomes—$2,795——$2,728
Apartments and Condos$2,000$2,650$2,800—$2,500
Houses—$2,500$3,850$5,000$2,500
See more information about local market trends in Peabody, MA

Frequently Asked Questions about Rentals in Peabody, MA

  • What is the average rent of an apartment in Peabody, MA?
    The average rent of an apartment in Peabody, MA is $2,372 per month. This is about 23% higher than the national average.
  • What is the average rent of a house in Peabody, MA?
    The average rent of a house in Peabody, MA is $2,500 per month. This is about 30% higher than the national average.
  • What is the average rent of a townhome in Peabody, MA?
    The average rent of a townhome in Peabody, MA is $2,728 per month. This is about 41% higher than the national average.
  • When is the average rent cheapest in Peabody, MA?
    In the last year, the average rent in Peabody, MA was lowest in May 2025 when it was $2,400 per month.
  • When is the average rent most expensive in Peabody, MA?
    In the last year, the average rent in Peabody, MA was highest in Feb 2025 when it was $2,781 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Peabody, MA?
    The average rent of a 1 bedroom apartment in Peabody, MA is $2,054 per month. That is about $404 more than the cost of a studio apartment.
  • How many available rental listings are in Peabody, MA?
    There are 40 available rental listings in Peabody, MA.
  • What are some zip codes in Peabody, MA?
    Peabody, MA includes zip codes such as: 01960, 01961.
  • What are some cities near Peabody, MA?
    Some nearby cities include: Danvers, Lynnfield, Salem, Lynn, Saugus. These cities may have more rental options to explore.