Apartments for Rent in Peabody, Essex County, MA

Prices and availability in Peabody, Essex County, MA were last updated on 28 Aug 2026.

The best apartments in Peabody, Essex County, MA are: Alexan Peabody, Highlands at Dearborn Apartments, Jayden Apartments and 10 Newcastle Road, Unit 2.

The average rent in Peabody, Essex County, MA is $2,671.

The price range for a 1-bedroom apartment in Peabody, Essex County, MA is between $2,322 and $3,335.

The price range for a 2-bedroom apartment in Peabody, Essex County, MA is between $2,750 and $4,227.

The price range for a 3-bedroom apartment in Peabody, Essex County, MA is between $3,780 and $5,200.

In Peabody 34% of the housing is rented out compared to 66% of homes are owned, according to the most recent Census Bureau estimates. 29% of Peabody's apartments are found in large buildings of 50 units or more, 60% are located in smaller apartment complexes with less than 50 units, and 9% are single-family rentals.

The average age of rental buildings in Peabody is 38 years old, with 41% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 5 stories, of which 78% are garden-style apartment communities, 37% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Peabody come in a range of sizes and floorplans. Studio apartments represent 4% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 40% of the total apartments in the city, while 2-bedroom floorplans represent around 51% of all rentals in Peabody. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.