What is the average apartment size in Peabody?

The average size for a Peabody, Essex County, MA apartment is 957 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Peabody?

As of Sep / 2025, the average rent in Peabody is $2,814 per month, a 1.9% increase from last year’s average of $2,761.

What is the average apartment size in Peabody?

The typical apartment in Peabody offers about 957 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

Peabody, Essex County, MA Rental Market Trends

Q: What's the typical rent budget in Peabody?

The typical rent budget in Peabody ranges from $2,501 to $3,000 per month, with 53% of rentals in this range.

Q: Do most people rent or own in Peabody?

In Peabody, 34% of households rent while 66% own their homes, based on the latest U.S. Census data.

Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Peabody is $2,814, a 1.9% increase compared to the previous year, when the average rent was $2,761.

One-bedroom apartments provide 764 square feet for $2,490, balancing privacy and affordability.

Two-beedroom units at $2,933 offer 1,035 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,206 sq ft) for $3,327, suitable for larger households.

Average rent in Peabody, Essex County, MA

Last updated: October 19, 2025

	Average Rent	Average Apartment Size
All Rentals	$2,814	957 sq. ft.
Studio	n/a	n/a
1 Bed	$2,490	764 sq. ft.
2 Beds	$2,933	1,035 sq. ft.
3 Beds	$3,327	1,206 sq. ft.

Peabody, Essex County, MA rent trends

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.

What's the typical rent budget in Peabody, Essex County, MA?

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.

Do most people rent or own in Peabody, Essex County, MA?

7,723 or 34% of the households in Peabody, Essex County, MA are renter-occupied while 14,746 or 66% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

How Peabody Compares to Other Cities

City	Average Rent
Peabody	$2,814
Waltham	$3,225
Salem	$2,777
Lowell	$2,317
Boston	$3,775
Quincy	$2,822
Cambridge	$3,748
Worcester	$2,049
Fall River	$2,099
Somerville	$3,661
Medford	$3,244
Newton, MA	$3,894
Malden, MA	$2,687
Watertown, MA	$3,476

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Peabody apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.