$1,000
Total Monthly Price12 Month Lease Term
Total Monthly Price
Base Rent
$1,000
Utilities & Essentials
Varies
Total Monthly Price
$1,000
1 Bedroom, 2 Bath Home for Rent
Available Nov 29
33 Sunset Dr
PeabodyMA01960
Cheap Apartments for Rent in the South Peabody Neighborhood of Peabody, MA from $600 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Peabody area of Peabody.
33 Sunset Dr
PeabodyMA01960
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Rent Specials
$1,900 - $2,550
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Contact Us For AvailabilityTerrace Gardens
2 Esquire DrPeabody, MA 01960
31 N Central St
PeabodyMA01960
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$2,200 - $3,150
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Contact Us For AvailabilityTerrace Estates Apartments
143 Shore DrPeabody, MA 01960
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Rent Specials
$2,263 - $4,230
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,263 - $4,230
Total Monthly Price
$2,263 - $4,230
Alexan Peabody
128 Newbury StPeabody, MA 01960
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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$2,295 - $4,525
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,295 - $4,525
Total Monthly Price
$2,295 - $4,525
Highlands at Dearborn Apartments
19 Magnolia WayPeabody, MA 01960
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86 Main St
PeabodyMA01960
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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South Peabody, Peabody, MA Local Guide
Peabody Town Center by massmatt is licensed under CC BY 2.0
How much does it cost to rent an apartment in South Peabody?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| South Peabody Studio Apartments | $2,631 | $2,263 | $2,999 |
| South Peabody 1 Bedroom Apartments | $2,542 | $1,900 | $2,915 |
| South Peabody 2 Bedroom Apartments | $3,074 | $2,425 | $3,815 |
| South Peabody 3 Bedroom Apartments | $3,410 | $2,650 | $4,175 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the South Peabody Neighborhood of Peabody, MA.
See all Apartments in PeabodyExplore Peabody
South Peabody, Peabody, MA Local Guide
- Nearby Peabody neighborhoods
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Cheapest Available South Peabody Apartments for Rent
The cheapest available apartment rental in the South Peabody area of Boston, MA is a Studio unit found at Alexan Peabody priced from $2,263. Highlands at Dearborn Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,295. Here are the most affordable South Peabody apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Alexan Peabody | S1 | Studio,1BA | $2,263 |
| Highlands at Dearborn Apartments | The Attitash | 1BR,1BA | $2,295 |
| Traders Row | A1B | 1BR,1BA | $2,314 |
| Jayden Apartments | B1 Income Restricted | 2BR,2BA | $2,650 |
| Peabody Park | 2 Bedroom Townhouse | 2BR,1BA | $2,675 |
Best Value Apartments for Rent in South Peabody, MA
As of November 27, 2025 the best value apartment in the South Peabody area is the $2.87 price per square foot B2 Model at Jayden Apartments in the in the South Peabody neighborhood starting from $3,210. The second greatest value South Peabody apartment is the 2 Bedroom Townhouse Model at Peabody Park starting at $2,675 with a $3.15 price per square foot in the South Peabody neighborhood. Here is today’s list of the best values for South Peabody apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Jayden Apartments | B2 | 2BR,2BA | $2.87 |
| Peabody Park | 2 Bedroom Townhouse | 2BR,1.5BA | $3.15 |
| Traders Row | A1CH | 1BR,1BA | $3.08 |
| Highlands at Dearborn Apartments | The Attitash | 1BR,1BA | $3.26 |
| Alexan Peabody | S1 | Studio ,1BA | $3.98 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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Pet Friendly LifestyleSouth Peabody, Peabody, MA
Ranked #4
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
Our team of engineers and researchers compares millions of points of data to bring you Lifestyle Ratings of rentals in cities and towns across the United States, including Peabody. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, family-friendly amenities, raising pets, transit options, and much more. These search options are in the site filters at the top of this page.
Getting Around the South Peabody Neighborhood in Peabody, MA
Walk Score®
39 / 100
Car-Dependent
Most errands require a car
Bike Score®
34 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
1 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap South Peabody Apartments
What is the price of a cheap apartment in South Peabody?
The cheapest apartment in South Peabody is Highlands at Dearborn Apartments which is listed at $2,295, while the average apartment in South Peabody costs $3,440.
What types of apartments are the cheapest in South Peabody?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 4 regular apartments in South Peabody that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in South Peabody?
Cheap apartments in South Peabody have an average cost of $317 which is $3,123 cheaper than the average rent for all rentals in South Peabody.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
The 10 Best Affordable Neighborhoods in Boston, MA
Written by: Amelia Ramstead
Boston is known for its exciting combination of early American history and modern high-tech universities and employers.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.