Massachusetts is rich in American history and renowned for its beautiful cities and breathtaking natural landscapes. Visit historical sites such as the Freedom Trail and USS Constitution Museum to experience the birthplace of America. In addition, it's the home to world-class universities such as Harvard University, Massachusetts Institute of Technology (MIT), and Boston College, adding to the state's innovation and education. Massachusetts also has a strong job market and a thriving economy.

For sports fans, Massachusetts is home to the New England Patriots (NFL), Boston Bruins (NFL), Boston Red Sox (MLB), Boston Celtics (NBA), and iconic venues such as Fenway Park and Gillette Stadium. In addition, the state offers a diverse range of outdoor experiences for those seeking adventure, from whale watching on the Cape Cod coast to hiking in the scenic Berkshire Mountains. See famous attractions like the Salem Witch Trials Memorial, the New England Aquarium, and the charming Martha's Vineyard.

With its warm and welcoming atmosphere, rich historical heritage, and endless opportunities, embrace the Bay State and discover why Massachusetts is the ideal place to call home.

Rental Market Trends

Peabody, MA

As of July 2025, Peabody's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Peabody's average rent is 8.6% ($236) higher than the Massachusetts average of $2,749 and 68.2% ($1,210) higher than the U.S. average of $1,775.

Average Rent

$2,985

Monthly ChangeMonth Over Month Change

2.6% ($77)

Yearly ChangeYear Over Year Change

8% ($222)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$2,662	4.5% ($115)	5.1% ($128)
2 Beds	$3,071	1.6% ($49)	5.2% ($153)
3 Beds	$3,933	4.9% ($185)	4.7% ($194)

Nearby Cities	Average Rent	Avg. Rent vs. PeabodyAverage Rent vs. Peabody	Avg. Days on MarketAverage Days on Market
Salem	$2,663	10.8% ($322)	27 days
Danvers	$2,941	1.5% ($44)	27 days
Lynn	$2,174	27.2% ($811)	61 days
Lynnfield	$2,937	1.6% ($48)	26 days
Swampscott	$3,216	7.7% ($231)	32 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Peabody Rental Market FAQs

Explore rental prices, market trends, and availability in Peabody, MA.

What is the average rent in Peabody, MA?

The average rent in Peabody, MA is $2,985 per month.

What is the rental price range for apartments in Peabody, MA?

Apartments in Peabody typically rent for between $1,863 and $5,113 per month, with an average of $2,985 per month.

What is the average rent for different bedroom sizes in Peabody, MA?

In Peabody, the average rent for a 1-bedroom apartment is $2,662 per month, for a 2-bedroom apartment, $3,071 per month, and a 3-bedroom apartment is $3,933 per month.

How do rent prices in Peabody, MA compare with the national average?

The average rent in Peabody is 68.2% ($1,210) higher than the national average of $1,775 per month.

How have rent prices in Peabody, MA changed recently?

The average rent in Peabody has increased by 2.6% ($77) in the last month and increased by 8.0% ($222) over the past year.

How competitive is the rental market in Peabody, MA?

The rental market in Peabody, MA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Peabody, MA?

In Peabody, MA, the average rental stays on the market for approximately 26 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Peabody, MA?

There are currently 10 rental properties available in Peabody, MA.

Can I afford to rent an apartment in Peabody, MA?

Based on the current averages, a household would need an annual income of $122,840 to comfortably afford a 2-bedroom apartment in Peabody.