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Studio Apartments for Rent in Peabody, Essex County, MA
42 Rentals Available


Popular searches Average rent Renters guide Demographics

Average rent in Peabody, Essex County, MA

$2,639/mo Peabody, Essex County, MA average rental price, February 2023
Image Average Rent

Apartments in Peabody, Essex County, MA rent for $2,639 per month, on average.

Peabody, Essex County, MA apartment rent ranges

Peabody, Essex County, MA rent trends

Getting around in Peabody, MA

3 /100
25 /100
Somewhat Bikeable
Walk Score®: 3, Bike Score®: 25

Frequently asked questions

What are the advantages of renting a studio apartment in Peabody, Essex County, MA?

Studio apartments in Peabody, Essex County, MA tend to be more affordable than other apartments and they have lower utility costs.

What are the downsides of renting a studio apartment in Peabody, Essex County, MA?

One of the downsides of living in a studio apartment is the limited storage space. You might be interested in 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RentCafe apartments for rent in Peabody, Essex County, MA.

Peabody, Essex County, MA demographics

The total population of Peabody, Essex County, MA is 54,200, of which 25,931 are men and 28,269 are women, according to the most recent U.S. Census Bureau estimates. The residents of Peabody have a median age of 46.5.

Peabody, Essex County, MA households

  • 14,304 Family
    8,504 Non-family
  • 5,571 Children
    17,237 No Children
  • 22,808Total Number of Households
  • 2.35Average People Per Household
  • $83,570Median Household Income

A total of 22,808 households live in Peabody, Essex County, MA, of which 14,304 are family households and 8,504 are non-family households, per U.S. Census estimates. Of these, approximately 5,571 households have children and 17,237 households do not have children. The average size of a household in Peabody, Essex County, MA is 2.35. The median household income in Peabody is $83,570 annually, with $1,627 per month going towards housing.

Peabody, Essex County, MA education statistics

According to Census data, 4% of the population in Peabody, Essex County, MA have no high school education, 34% went to high school, 22% have some college education, 8% earned an Associate Degree, 22% earned a Bachelor Degree, and 10% earned a Graduate Degree.

Look for studio apartments near me

Are you looking to land a small but cool studio apartment near you? Is an unbeatable location more important to you than lots of space? You can now browse through all available RentCafe listings, to find the perfect studio apartment near you, in your favorite neighborhood, ZIP code, or in another city or state in the U.S. wherever life takes you. Check the ratings and reviews of properties with studio apartments, filter them based on your criteria, and find the one that suits your needs.

Compare the size, price and location, as well as amenities, both inside and outside the apartment. Whether you are looking for a more modern studio near you, or one in a charming old building, or maybe you want to be close to a certain park, the downtown area of your city, or near family or friends, RentCafe allows you to find the best fit for you - so, let's find your new home!

Renting a studio apartment in Peabody, Essex County, MA

The bad news is that the hip neighborhoods are typically not the places to look for truly affordable homes for rent, and Peabody, Essex County, MA is no exception. That is unless you are willing to give up the (real or imagined) benefits of multiple rooms and experience the minimalist simplicity of a small apartment located smack dab in the middle of the action. Leaf through 25 listings with a total of 42 units, and you’ll be sure to find at least a couple of cheap studios that will make you wonder whether having one or two extra rooms is really worth the difference in price and commute time. Already a fan of living small? Why don’t you check out our selection of one room apartments—there’s always a better deal out there, you just have to know where to look for it (Marblehead is the cheapest neighborhood in town—wink wink).

They are called efficiency apartments for a reason

In case you’re still wondering, the time and effort put into finding an efficiency apartment does pay off. Literally, and pretty fast too. The Peabody, Essex County, MA average rent is currently at $2,682, but a single-bedroom apartment in Peabody, Essex County, MA can be yours for as low as $996 per month. While the cheapest bachelor units normally have a small bath and one bigger, multifunctional space (meaning that the hall and the kitchen in the main room, basically), you don’t need to have that if it’s not your thing. You can find plenty of one-room apartments in Peabody, Essex County, MA with a separate kitchen. These are still well under the price of an apartment with multiple rooms, but slightly more expensive than your average studio, so it’s a good idea to aim for the higher end of the price range. The currently the most expensive studio apartment in Peabody, Essex County, MA costs a monthly $7,312.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!