| 1 BED | $2,275+ |
| 2 BEDS | $2,720+ |
| 3 BEDS | $3,595+ |
| STUDIO | Ask for Pricing |
| 1 BED | Ask for Pricing |
| 2 BEDS | $3,075 |
| 1 BED | Ask for Pricing |
| 2 BEDS | Ask for Pricing |
| STUDIO | Ask for Pricing |
| 1 BED | Ask for Pricing |
| 1 BED | $2,100 |
| 2 BEDS | Ask for Pricing |
| 3 BEDS | Ask for Pricing |
| 4 BEDS | Ask for Pricing |
| STUDIO | Ask for Pricing |
| 1 BED | Ask for Pricing |
| STUDIO | Ask for Pricing |
| 1 BED | $2,600 |
| 2 BEDS | $3,300 |
Rental prices in Peabody, Essex County, MA have increased by 1.9% over the past year. The average rent moved from $2,761 to $2,814.
Compared to the national average rent of $1,750, the average rent in Peabody, Essex County, MA is $2,814.
The average monthly rent of apartments in Peabody, Essex County, MA is $2,814.
About 25% of apartment rents in Peabody, Essex County, MA range between > $3,000. Around 53% of Peabody’s apartments are in the $2,501-$3,000 price range. 22% of apartments are priced between $2,001-$2,500.
The largest share of rentals in Peabody, Essex County, MA (53%) fall between $2,501-$3,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Prices and availability in Peabody, Essex County, MA were last updated on 16 Nov 2025.
The best apartments in Peabody, Essex County, MA are: Highlands at Dearborn Apartments and Jayden Apartments.
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 $2,240 and $3,840.
The price range for a 2-bedroom apartment in Peabody, Essex County, MA is between $2,240 and $4,085.
The price range for a 3-bedroom apartment in Peabody, Essex County, MA is between $3,595 and $4,960.
In Peabody 34% of the housing is rented out compared to 66% of homes are owned, according to the most recent Census Bureau estimates. 26% of Peabody’s apartments are found in large buildings of 50 units or more, 66% are located in smaller apartment complexes with less than 50 units, and 7% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Peabody are about 38 years old, on average. Of these, 41% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 5 stories. About 78% of the rental communities here are low-rise, garden-style communities, 37% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Studio apartments in Peabody are around 4% of rentals, while 1-bedroom floor plans represent 40% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 51% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
Peabody, Massachusetts, located about 18 miles northeast of Boston, is conveniently positioned for easy access to major urban centers while retaining its distinct character. It is near the scenic coasts of the North Shore, offering both urban and coastal living experiences. Historically part of the North Shore’s leather industry, Peabody has evolved into a hub that also includes health care, educational services, and retail industries, drawing a diverse workforce.
The city is home to several parks and recreational areas, with the largest being Peabody Independence Greenway, which is favorable for biking and walking. The arts are celebrated in Peabody, evident in its annual International Festival that showcases global cultures and cuisine. Peabody's historical significance is captured in landmarks such as the George Peabody House Museum and the leather worker’s memorial, honoring its industrial past.
Peabody offers a blend of local cuisine styles with numerous dining options ranging from casual American eateries to international restaurants, notably in seafood and Italian cuisine. Educationally, Peabody provides respectable public school options managed by the Peabody Public School District, alongside several private educational facilities.
Peabody’s rental market features a diverse range of properties, from modern apartment complexes to more traditional single-family homes. In the downtown area, renters find a mix of historical buildings converted into apartments, which are close to shops, museums, and public transportation links. Architectural styles vary significantly across neighborhoods, from Victorian homes in South Peabody to contemporary housing developments in the West Peabody area.
The neighborhoods of Peabody cater to a variety of residents; West Peabody, with its spacious homes and proximity to green spaces, tends to attract families, while the central area of the city, with ready access to bars, restaurants, and cultural institutions, is popular among young professionals. Typical rental properties range from one-bedroom apartments in multi-story buildings to larger, detached houses with yards.
Peabody offers an extensive shopping experience, with the Northshore Mall being the largest shopping center, housing numerous national and international brands, alongside dining and entertainment options. Smaller, unique shopping experiences can be found in Peabody’s downtown area, where local crafts and boutique stores provide personalized products not found in larger retail locations.
For grocery shopping, residents have multiple choices including national chains such as Stop & Shop and local favorites like Karl’s Sausage Kitchen & European Market, which offers a variety of European foods.
Transportation in Peabody is facilitated by several options tailored to the community’s needs. The city does not have its own public transportation system but is serviced by the MBTA bus routes connecting to nearby cities and Boston’s subway system. For regional travel, the Peabody Logan Express offers a direct link to Boston Logan International Airport.
The city is also served by major highways including Interstate 95 and Route 1, making car travel to and from Peabody straightforward for residents. For those looking to explore the scenic New England coastline or the cultural offerings in Boston, these transport links provide convenient access.
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RentCafe is your one-stop shop for finding a great new apartment in Peabody, Essex County, MA. Easily search through a wide selection of apartments for rent in Peabody, Essex County, MA, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Peabody, Essex County, MA apartments with rents starting from $2,000 and submit your rental application today!
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