Welcome to the Apartment List April 2026 Rent Report for Peabody, MA. Currently, the overall median rent in the city stands at $2,048, after rising 1.5% last month. Prices remain down 5.2% year-over-year. Read on to learn more about what’s been happening in the Peabody rental market and how it compares to trends throughout the broader Boston metro area and the nation as a whole.