Cheap Apartments for Rent in Peabody, MA
51 rentals
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SPECIAL OFFERPET FRIENDLYTotal price$2,453 - $3,933/mo
Studio-2 Beds
1-2 BathsAlexan Peabody | 128 Newbury St,
Peabody, MA 01960
PET FRIENDLYTotal price$2,470 - $3,650/mo1-3 Beds1-2 BathsHighlands at Dearborn Apartments | 19 Magnolia Way,
Peabody, MA 01960
SPECIAL OFFERPET FRIENDLY$2,494 - $3,619/moFees may apply1-2 Beds1-2 BathsJayden Apartments | 7 Dearborn Rd,
Peabody, MA 01960
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NEW - 1 DAY AGOPET FRIENDLYFURNISHEDTotal price$2,532 - $3,534/mo1-2 Beds1-2 BathsEssex Apartment Homes | 1 Avalon Dr,
Peabody, MA 01960
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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 increased in Jul 2026 compared to the previous month. Rent previously peaked in Feb 2025.
| Month | Average rent |
|---|---|
| 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 |
| Jun 2026 | $2,660 |
| Jul 2026 | $2,725 |
Average Rent By Bedroom and Home Type
In July 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $2,300 | $2,795 | $3,300 | $4,200 | $2,795 |
| Townhomes | — | $2,795 | $3,200 | — | $2,795 |
| Apartments and Condos | $2,222 | $2,544 | $3,100 | — | $2,600 |
| Houses | — | — | $3,750 | $4,200 | $4,200 |
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 $2,401 per month. This is about 22% 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 $2,300 per month. That is about $650 more than the cost of a studio apartment.
- How many available rental listings are in Peabody, MA?There are 57 available rental listings in Peabody, MA.
- What are some zip codes in Peabody, MA?
- What are some cities near Peabody, MA?
View this page in Spanish: Apartamentos baratos en renta en Peabody, MA - 142 Rentas | Trulia