Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Peabody, Essex County, MA Rental Market Trends
What is the average rent in Peabody?
The average rent for an apartment in Peabody is $2,178, a 2% increase compared to the previous year, when the average rent was $2,134.
Average Rent in Peabody, Essex County, MA
Last updated April 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $2,178 | 2% | 954 sq. ft. |
What is the average apartment size in Peabody?
The average size for a Peabody, Essex County, MA apartment is 954 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.
Peabody, Essex County, MA Apartment Rent Ranges
- $1,001-$1,5001%
- $1,501-$2,00036%
- > $2,00063%
Peabody, Essex County, MA Occupied Housing Units
- Renter-occupied Households37%
- Owner-occupied Households62%
8,203 or 37% of the households in Peabody, Essex County, MA are renter-occupied while 13,510 or 62% are owner-occupied.
Peabody, Essex County, MA Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Apr / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Peabody, Essex County, MA | $1,974 | $1,974 | $2,077 | $2,073 | $2,175 | $2,185 | $2,134 | $2,149 | $2,210 | $2,178 |
| National | $1,346 | $1,355 | $1,359 | $1,356 | $1,391 | $1,398 | $1,400 | $1,390 | $1,395 | $1,407 |
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How Peabody Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Boston | $3,083 | -10% |
| Cambridge | $2,933 | -8% |
| Worcester | $1,444 | 5% |
| Quincy | $2,197 | -4% |
| Brookline | $2,821 | -9% |
| Weymouth Town | $1,984 | 4% |
| Lowell | $1,731 | 3% |
| Waltham | $2,373 | -4% |
| Somerville | $2,775 | -6% |
| Woburn | $1,959 | -7% |
| Peabody | $2,178 | 2% |
Most Popular Apartments in Peabody
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Peabody apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.