What are the average rent costs in Peabody, MA?

The average rent in Peabody, MA is $2,228.

What are the average rent costs of a studio apartment in Peabody, MA?

The average rent for a studio apartment in Peabody, MA is $1,891.

What are the average rent costs of a one bedroom apartment in Peabody, MA?

The average rent for a 1 bedroom apartment in Peabody, MA is $2,228.

What are the average rent costs of a two bedroom apartment in Peabody, MA?

The average rent for a 2 bedroom apartment in Peabody, MA is $2,850.

What are the average rent costs of a three bedroom apartment in Peabody, MA?

The average rent for a 3 bedroom apartment in Peabody, MA is $3,400.

What are the average rent costs of a four bedroom apartment in Peabody, MA?

The average rent for a 4 bedroom apartment in Peabody, MA is $2,663.

Apartments for Rent Under- $1,100 in Peabody, MA

STUDIO, 1 BATH

$1,100

40R Highland Ave Unit 1

40R Highland Ave, Salem, MA 01970

Peabody at a Glance

Average Rent

$2,228

(All bedrooms and property types)

Learn more about

Average Rent in Peabody

School Rating

out of 10 Rating

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Schools in Peabody

Some Transit

out of 100 TransitScore^® Rating

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Transportation in Peabody

Somewhat Bikeable

out of 100 BikeScore^® Rating

Learn more about

Transportation in Peabody

Peabody, MA Apartments for Rent

Settled in 1626, Peabody combines historical charm with modern living just 15 miles northeast of Boston in Essex County. The city, once known for its leather industry, offers apartments at an average rent of $2,188 for a one-bedroom unit, making it a cost-effective alternative to Boston proper while maintaining easy access to the metropolitan area.

From downtown Peabody Square to the tree-lined streets of West Peabody, the city offers diverse apartment options throughout its neighborhoods. The Northshore Mall serves as a major shopping destination, while Brooksby Farm provides 275 acres of outdoor space with walking trails and seasonal activities. Transportation options include easy access to Interstate 95, Route 128, and U.S. Route 1, plus convenient airport service via the Logan Express stop at Northshore Mall. These amenities, combined with its North Shore location, make Peabody a practical choice for apartment residents.

Renting in Peabody

Average Rental Rates and Apartment Sizes

Apartment Type Average Sq Ft Average Rent
Studio 511 Sq Ft $1,891 / mo
1 Bedroom 738 Sq Ft $2,228 / mo
2 Bedrooms 1,019 Sq Ft $2,850 / mo
3 Bedrooms 1,236 Sq Ft $3,400 / mo
4 Bedrooms 2,658 Sq Ft $2,663 / mo

Top Budget-Friendly Neighborhoods in Peabody

(For 1 bedroom apartments)

Neighborhoods Average Sq Ft Average Rent
Central Peabody 854 Sq Ft $2,492/mo
Huntington Woods Condominiums 757 Sq Ft $2,753/mo
West Peabody 811 Sq Ft $2,776/mo
South Peabody 832 Sq Ft $3,123/mo

Getting Around Peabody

Transportation

Somewhat Walkable

out of 100 WalkScore^® Rating

You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.

Somewhat Bikeable

out of 100 BikeScore^® Rating

You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.

Minimal Transit

out of 100 TransitScore^® Rating

You'll likely want a car when living in this area since it has few transit options.

Scores provided by Walk Score^ⓘ

Education

College/University High School Middle School Elementary School

North Shore C.C., Danvers Danvers

Public University

Salem State University

Public University

North Shore C.C., Lynn Campus Lynn Campus

Public University

Endicott College

Private University

Gordon College, Wenham

Private University

GreatSchools Rating

Peabody Veterans Memorial High

Public High School

Public

Grades 9-12

1,476 Students

GreatSchools Rating

J Henry Higgins Middle

Public Middle School

Public

Grades 6-8

1,346 Students

GreatSchools Rating

Center Elementary School

Public Elementary School

Public

Grades K-5

446 Students

GreatSchools Rating

Captain Samuel Brown Elementary School

Public Elementary School

Public

Grades K-5

376 Students

GreatSchools Rating

Thomas Carroll Elementary School

Public Elementary School

Public

Grades K-5

586 Students

Deals & Discounts

Price Range

Beds & Baths

Home Type

Pet Policy

Interior & Community Amenities

Speciality Housing

Keyword Search

Apartments under $1,100 for Rent in Peabody, MA

40R Highland Ave Unit 1

Can't find what you are looking for?

Peabody at a Glance

Average Rent

School Rating

Some Transit

Somewhat Bikeable

Peabody, MA Apartments for Rent

Renting in Peabody

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Peabody

Getting Around Peabody

Transportation

Somewhat Walkable

Somewhat Bikeable

Minimal Transit

Education

Peabody Apartments for Rent in Your Budget

Thank You

Apartments under $1,100 for Rent in Peabody, MA

40R Highland Ave Unit 1

Can't find what you are looking for?

Peabody at a Glance

Average Rent

School Rating

Some Transit

Somewhat Bikeable

Peabody, MA Apartments for Rent

Renting in Peabody

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Peabody

Getting Around Peabody

Transportation

Somewhat Walkable

Somewhat Bikeable

Minimal Transit

Education

Peabody Apartments for Rent in Your Budget

Thank You

About Our Deals

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