Located in Essex County, Peabody, Massachusetts is a vibrant city with a population of over 51,000. It is conveniently located just 20 miles north of Boston and is part of the Greater Boston metro area. Peabody is a great place to live for those seeking an urban lifestyle, with a variety of rental options and attractions for any budget.
The rental market in Peabody is quite diversified and offers a range of options for all budget levels. Apartments and condos for rent can be found in a variety of locations throughout the city, with prices ranging from $1,000-$3,000 per month. The average rent for a 1-bedroom apartment in Peabody is around $1,400 per month, while the average rent for a 2-bedroom apartment is around $1,700 per month.
Peabody has many great neighborhoods to choose from, including West Peabody, South Peabody, Central Peabody, and North Peabody. The city is also home to a variety of excellent schools, including Peabody Veterans Memorial High School, Peabody High School, and the Peabody Charter School.
Peabody is a safe city with a low crime rate and
The average rental prices of an apartment, townhouse, condo, loft, and single family home in Peabody, MA, according to Zillow, are as follows:
Apartment: $2,650/month
Townhouse: $2,900/month
Condo: $3,100/month
Loft: $2,300/month
Single Family Home: $3,100/month
Rental prices in Peabody, MA have seen a steady increase over the last five years. According to Zillow, the median rent in the area was $2,250 in 2015, and has steadily risen to an estimated $2,400 in 2020. This is an 8% increase over the five year period.
The median rental prices for 1-bedroom, 2-bedroom, and 3-bedroom apartments in Peabody, MA are $2,100, $2,400, and $2,700, respectively.
In Peabody, MA, the school district is highly regarded, ranking above the national average on a variety of metrics. Peabody school district students have higher graduation rates than the national average, and the district also outperforms the national average in terms of college readiness, with a higher percentage of students meeting or exceeding state standards for math, English Language Arts, and science. Peabody school district also has lower drop-out rates than the national average. Additionally, the district has a lower student-teacher ratio than the national average, providing students with more individualized instruction and support.
1. West Peabody
2. South Peabody
3. South Danvers
4. West Lynn
5. North Reading
1. West Peabody
2. Brooksby Farm
3. Ward Hill
4. Danversport
5. Folly Hill/Old Town