Apartments in Washington Street Historic District Peabody

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$1,550 - 1,950
314-320 Lafayette St Salem, MA
1 - 2 BR | Available Now
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$3,000
Salem, MA
2 BR | Available Now
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$4,200
Beverly, MA
3 BR | Feb. 1, 2026
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Peabody:
December Rent Report

Welcome to the December 2025 Peabody Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2025 key findings and figures for the Peabody rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Peabody and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Peabody average rent prices in the chart below.

Monthly Rent Report

$3,150
$2,360
$1,580
$790
$0
Jan. 2025
Feb. 2025
Mar. 2025
Apr. 2025
May. 2025
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
1 BR       2 BR

Peabody Rent Prices Decrease From November to December

Peabody rent prices decreased over the last month. From November to December, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Peabody one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from November to December, Peabody experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Peabody two-bedroom apartments currently stands at $.

December Prices: Peabody vs. Surrounding Areas

Rent Prices in Peabody and Surrounding Areas

Rent prices have decreased in Peabody over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Peabody suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Peabody suburbs

  • Rents did not decrease in any of the Peabody suburbs.

December 2025 Pricing Trends: Peabody vs. National Comparisons

Peabody Rent Prices More Affordable Than Major Cities

Rent growth in Peabody over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Peabody average rent prices appear to be relatively affordable for local residents.

The price for a Peabody one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Peabody and surrounding area rent prices, take a look at the complete data set below.

Data set for Peabody and suburbs

1 BR December 1 BR M/M % Change 2 BR December 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.