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 $2,387. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Peabody, Essex County, MA
Last updated May 2022
| Average Rent | Average Apartment Size |
|---|---|
| $2,387 | 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
Peabody, Essex County, MA Occupied Housing Units
8,518 or 38% of the households in Peabody, Essex County, MA are renter-occupied while 13,531 or 61% are owner-occupied.
Peabody, Essex County, MA Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | May / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Peabody, Essex County, MA | $2,073 | $2,175 | $2,185 | $2,134 | $2,149 | $2,210 | $2,178 | $2,353 | $2,427 | $2,387 |
| National | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
How Peabody Compares to Other Cities
| City | Average Rent |
|---|---|
| Boston | $3,634 |
| Fall River | $1,655 |
| Cambridge | $3,399 |
| Worcester | $1,586 |
| Quincy | $2,441 |
| Brookline | $3,030 |
| Weymouth Town | $2,187 |
| Lowell | $1,935 |
| New Bedford | $1,729 |
| Holyoke | $1,206 |
| Somerville | $2,975 |
| Medford | $2,999 |
| Waltham | $2,705 |
| Beverly | $2,220 |
| Lynn | $1,877 |
| Malden | $2,330 |
| Woburn | $2,302 |
| Lawrence | $1,799 |
| Newton | $3,102 |
| Chelsea | $2,372 |
| Peabody | $2,387 |
Most Popular Apartments in Peabody
Highlands At Dearborn
19 Magnolia Way, Peabody, MA 01960- 1 BED
- 2 BEDS
- 3 BEDS
- $2,330+
- $2,920+
- $3,505+
28 Lowell Street
30 Lowell Street, Peabody, MA 01960- Studio
- 1 BED
- 2 BEDS
- Ask for pricing
- $1,400
- Ask for pricing
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.