Rentometer, Inc. | Data as of 10/23/2025
Peabody, Massachusetts, blends historic charm with modern convenience, making it a compelling destination for renters seeking a vibrant New England city. Nestled along the scenic Danvers River and just a short drive from Boston, the city offers easy access to major commuter routes, a lively downtown district, and cultural attractions such as the Northshore Music Theatre and the historic Peabody City Hall. The blend of urban amenities and suburban tranquility creates a balanced lifestyle that appeals to professionals, families, and students alike.
The local rental market reflects this diversity, featuring a broad mix of apartments and single‑family homes. Prospective tenants can choose from sleek studios priced in the $2700s, spacious one‑bedroom units ranging from the $2300‑$2400 bracket, and larger two‑bedroom apartments that sit comfortably in the $3000s. For those needing more space, three‑bedroom apartments command rents in the $3500‑$3600 range, while three‑bedroom houses are typically found in the $4400 range. This spectrum of options ensures that renters can find accommodations that match both their space requirements and budget preferences, whether they desire a contemporary downtown loft or a quieter residential home.
Neighborhoods such as Downtown Peabody, West Peabody, and the River Valley each offer distinct character—from bustling retail corridors and gourmet eateries to leafy streets perfect for family life. Proximity to public transportation, major highways, and the nearby Salem attractions further enhances the appeal of Peabody rentals. Whether you’re relocating for work, education, or lifestyle reasons, Peabody provides a welcoming community with a dynamic rental market that caters to a wide array of living needs.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $2,722 | $2,675 | $2,323 - $3,169 | $2,323 - $3,169 |
| Apartment | 1 Bedroom | $2,321 | $2,386 | $1,150 - $3,231 | $2,075 - $2,725 |
| Apartment | 2 Bedroom | $3,039 | $3,178 | $2,200 - $3,945 | $2,675 - $3,425 |
| Apartment | 3 Bedroom | $3,498 | $3,378 | $2,650 - $4,565 | $2,975 - $4,305 |
| House | 3 Bedroom | $4,325 | $4,400 | $3,000 - $5,500 | $4,000 - $5,500 |
In the current period, the average rent in Peabody was
$2,722 for Studio,
$2,321 for 1 Bedroom,
$3,039 for 2 Bedroom, and
$3,705 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.