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Cheap Apartments for Rent Near Peabody MA

5,817 Rentals Available

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Peabody, MA Cheap Apartments for Rent

Whether you're on a budget or just looking to save, there are plenty of ways to find cheap apartments in Peabody. Start by defining your list of apartment “must-haves.” What features can you not live without? If you want to live within walking distance to your favorite downtown locations, you may find that a smaller apartment of fewer amenities are a fair trade-off. Rent prices in Peabody tend to be higher near the city center. For better deals, explore neighborhoods farther out where rents can be lower and apartment sizes may be larger. Look for areas with a higher number of available rental units — landlords with more vacancies are often more willing to offer incentives like lower rent or flexible lease terms. Keep an eye on listings for budget-friendly apartments that meet your core needs while offering a reasonable commute and access to the amenities you want.

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Peabody, MA Rental Insights

The most affordable neighborhoods to rent an apartment in Peabody, MA are Central Peabody, West Peabody, and South Peabody, where rent prices are below the city average of $2,205.

In Peabody MA, rent is considered cheap when it's under $1,800 per month; that's 20% less than the city's median rent of $2,205.

There are 5,817 affordable apartments for rent in Peabody, MA, starting from $1,829/month.

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