Salem, MA
2 Beds
2 Baths
Available: 09/01/2025
*
Rent prices for units in luxury buildings change frequently subject to floor level, view, floor plan, and market conditions. Call for latest pricing.
$3,750/mo

Amenities & Apartment Information

Unit

Pet Friendly
In-Unit Laundry
Quartz Countertops
Stainless Steel Appliances

Property Description

May be available as soon as 7/1 - ask for details.Luxury 2-bedroom / 2-bathroom apartment available in downtown Salem’s renovated Peabody Building. This corner apartment features 15-foot ceilings, arch windows with views of downtown, exposed brick, modern kitchen with stainless appliances and quartz counters, penny tile bathrooms floors w/ glass walk-in showers, in-unit laundry and central heat/AC. Building amenities include, elevator, common roof deck overlooking Lappin Park, bike storage and secure key card access. Rent includes one heated garage parking space. Pet friendly building (one pet limit and breed/size restrictions apply). Pet rent is $25 monthly. *Tenant pays heat (electric heat pumps), HW & water/sewer. First Month’s rent deposit due with application. Remaining deposits of Last Month’s Rent and 1/2 Month Security Deposit due within 3 business days if approved.

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Price Comparison

This apartment is above the average price of $2,849 for 2 bedroom apartments in Salem. An above average rent can often be attributed to the amenities an apartment provides, as well as its condition, size, and location. Those are important factors to consider as you are searching for the perfect apartment. Contact Boston Pads now to see this apartment or request a rental application.

Average Rent Prices for 2 Bedroom Apartments in Salem

Rent Calculator & Affordability

Recommended Annual Gross Income

Household:
$150,000 - $180,000
You + 1 Roommate, Each:
$75,000 - $90,000
A range of 25-30% is usually the recommended amount of household or combined gross income to spend on rent. This is also what many landlords are looking for in a prospective tenant, a group of roommates, or their cosigner(s). Remember, this is just a suggestion and does not take into account any other expenses you may have.

Rent Calculator

How much do you (or your cosigner) earn each year before taxes?

High Range

35% of Gross Income

$5,250

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Mid Range

25% of Gross Income

$3,750

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Low Range

15% of Gross Income

$2,250

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Have You Considered Buying Your Own Home?

Instead of paying $3,750/mo in rent, these homes may have a similar monthly mortgage.

This is an estimate based on a 30-year fixed-rate mortgage at 6.3% interest, 20% down payment, $120/mo homeowners insurance, and the average $10.90 property tax rate in the Boston area. Actual interest rates, property taxes, and homeowners insurance will vary. Does not include additional expenses or fees such as closing costs, PMI, or HOA fees. Buyers must complete their own due diligence based on current market conditions.

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