Rent in Peabody, MA
Across Peabody's 2 ZIP codes, a 2-bedroom typically rents for about $2,518 a month, with figures from $2,028–$3,008. The highest typical rent is in 01961 ($3,008) and the lowest in 01960 ($2,028). 1 ZIP has ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Essex County pay about 1.04% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $2,081 | $1,721–$2,440 | 2 |
| 1 bed | $2,157 | $1,796–$2,518 | 2 |
| 2 beds | $2,518 | $2,028–$3,008 | 2 |
| 3 beds | $2,911 | $2,237–$3,584 | 2 |
| 4 beds | $3,953 | $3,953 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Peabody ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Peabody, MA?
- About $2,518 a month: the median of the typical rents in 2 ZIP codes, which range from $2,028–$3,008. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Peabody, MA?
- About $2,157 a month: the median of the typical rents in 2 ZIP codes, which range from $1,796–$2,518. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Peabody, MA?
- About $2,911 a month: the median of the typical rents in 2 ZIP codes, which range from $2,237–$3,584. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Peabody, MA?
- About $2,081 a month: the median of the typical rents in 2 ZIP codes, which range from $1,721–$2,440. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Peabody, MA?
- About $3,953 a month: the median of the typical rents in 2 ZIP codes, which range from $3,953. Figures are gross rent (rent plus tenant-paid utilities).
- Which Peabody ZIP code has the highest rent?
- For a 2-bedroom, 01961 has the highest typical rent at $3,008 a month, and 01960 the lowest at $2,028.
- What is the property tax rate in Peabody, MA?
- Owner-occupied homes in Essex County pay a typical 1.04% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Peabody rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).