
Cheap Apartments for Rent in the South Peabody Neighborhood of Peabody, MA from $600 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Peabody area of Peabody.


Ezio‘s Place

Total Monthly Price
Highlands at Dearborn Apartments

Terrace Estates Apartments

Terrace Gardens
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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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.

Total Monthly Price
Traders Row
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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South Peabody, Peabody, MA Local Guide

How much does it cost to rent an apartment in South Peabody?
Bedroom | Average Price | Cheapest Price | Highest Price |
---|---|---|---|
South Peabody Studio Apartments | $2,670 | $2,263 | $3,078 |
South Peabody 1 Bedroom Apartments | $2,535 | $1,900 | $2,915 |
South Peabody 2 Bedroom Apartments | $3,134 | $2,400 | $3,815 |
South Peabody 3 Bedroom Apartments | $3,566 | $2,650 | $4,175 |
Browse Apartments in this Neighborhood
There are currently 28 rentals with your search options within a 2 mile radius of the South Peabody Neighborhood of Peabody, MA.
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South Peabody, Peabody, MA Local Guide
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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 1 Bed unit found at Ezio‘s Place priced from $2,050. Jayden Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,240. Here are the most affordable South Peabody apartments for rent in Boston, MA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Ezio‘s Place | Affordable Unit (income restricted) | 1BR,1BA | $2,050 |
Jayden Apartments | A2 Income Restricted | 1BR,1BA | $2,240 |
Alexan Peabody | S1 | Studio,1BA | $2,263 |
Traders Row | A1CH | 1BR,1BA | $2,361 |
Highlands at Dearborn Apartments | The Attitash | 1BR,1BA | $2,400 |
Peabody Park | 2 Bedroom Townhouse | 2BR,1BA | $2,675 |
Best Value Apartments for Rent in South Peabody, MA
As of October 12, 2025 the best value apartment in the South Peabody area is the $2.41 price per square foot Affordable Unit (income restricted) Model at Ezio‘s Place in the in the South Peabody neighborhood starting from $2,050. 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. |
---|---|---|---|
Ezio‘s Place | Affordable Unit (income restricted) | 1BR,1BA | $2.41 |
Peabody Park | 2 Bedroom Townhouse | 2BR,1.5BA | $3.15 |
Jayden Apartments | A1 | 1BR,1BA | $3.12 |
Traders Row | A1B | 1BR,1BA | $3.19 |
Highlands at Dearborn Apartments | The Attitash | 1BR,1BA | $3.41 |
Alexan Peabody | S1 | Studio ,1BA | $3.98 |
Furnished Studio-Boston - Peabody | Furnished Studio-Boston - Peabody | Studio ,1BA | $10.26 |
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Pet Friendly LifestyleSouth Peabody, Peabody, MA
Ranked #5
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
How much is rent for a Cheap One Bedroom South Peabody Apartment?
The lowest price for a Cheap One Bedroom South Peabody Apartment is $2,050 at Ezio‘s Place.
What is the lowest price for a Cheap Two Bedroom South Peabody Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in South Peabody is starting from $2,675 at Peabody Park.
What is the most affordable South Peabody Three Bedroom Apartment?
The best deal on a cheap South Peabody Three Bedroom Apartment rental is at Alexan Peabody and starts from $3,755.
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.

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.