Jayden Apartments
7 Dearborn Rd,
Peabody, MA 01960
1-2 Beds | $2,520 - $3,830
Rental Market Trends in Peabody, MA
What is the average rent in Peabody, MA?
$2,141/month
Average Rent
736 Sq Ft
Average Apartment Size
+2.6%
Increase in the Last Year
As of December 2024, the average rent in Peabody, MA is $2,141 per month. This is 37% higher than the national average rent price of $1,560/month, making Peabody one of the most expensive cities in the US. When you rent an apartment in Peabody, you can expect to pay about $1,409 per month for a studio, $2,141 for a one-bedroom apartment, and around $2,807 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,084 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Peabody, MA?
In the past year, rent has increased by 2.6%, which averages out to $57 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Peabody, MA
Last Updated December 2024
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
9%
$700 - $1,000/month
9%
$1,001 - $1,500/month
18%
$1,501 - $2,000/month
64%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Peabody?
Based on current rent prices, Downtown Peabody, Central Peabody and West Peabody are the most affordable neighborhoods in Peabody.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Peabody?
Based on current rent prices, South Peabody, West Peabody and Central Peabody are the most expensive neighborhoods in Peabody.
Neighborhood
Average Rent
Average Sq Ft
Which Peabody neighborhoods have the most rentals available?
The neighborhoods in Peabody with the most apartments available are West Peabody, Central Peabody and South Peabody .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Peabody, MA?
Because the average rent in Peabody is $2,141, you’ll want to make about $7,136 per month or $85,632 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Peabody, MA compare to other nearby cities and neighborhoods?
Use the tool below to compare Peabody, MA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,345/month
-
One Bedroom
$1,687/month
-
Two Bedroom
$2,220/month
-
Three Bedroom
-
-
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.