Cheap Apartments for Rent in the South Peabody Neighborhood of Peabody, MA from $600 (28 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Peabody area of Peabody.

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Alexan Peabody
Rent Specials
$2,263 - $4,175
Total Monthly Price

Total Monthly Price

Base Rent
$2,263 - $4,175

Total Monthly Price
$2,263 - $4,175
Studio to 3 Bedroom Apartments Available Now

Alexan Peabody

128 Newbury StPeabody, MA 01960
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Highlands at Dearborn Apartments
Rent Specials
$2,400 - $4,745
Total Monthly Price

Total Monthly Price

Base Rent
$2,185 - $4,530
Required Monthly Fees
$215

Total Monthly Price
$2,400 - $4,745
1 to 3 Bedroom Apartments Available Now

Highlands at Dearborn Apartments

19 Magnolia WayPeabody, MA 01960
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Gardner Commons
2 Bedroom Apartments

Gardner Commons

22 Pulaski StPeabody, MA 01960
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2 Main Street
Studio Apartments

2 Main Street

2 Main StPeabody, MA 01960

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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17 Peabody Sq
1 Bedroom Apartments

17 Peabody Sq

17 Peabody SqPeabody, MA 01960
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45 Washington St
1 to 4 Bedroom Apartments

45 Washington St

45 Washington StPeabody, MA 01960
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31-37 Central St
1 Bedroom Apartments

31-37 Central St

31-37 Central StPeabody, MA 01960
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72 Central St
2 Bedroom Apartments

72 Central St

72 Central StPeabody, MA 01960
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88-90 Aborn St
Studio Apartments

88-90 Aborn St

88-90 Aborn 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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5 Holten St
Studio Apartments

5 Holten St

5 Holten StPeabody, MA 01960
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Pioneer House
1 to 3 Bedroom Apartments

Pioneer House

2 Washington StPeabody, MA 01960
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85-95 Main St
Studio Apartments

85-95 Main St

85-95 Main StPeabody, MA 01960
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1 Main St
1 Bedroom Apartments

1 Main St

1 Main StPeabody, MA 01960
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61-63 Aborn St
1 to 3 Bedroom Apartments

61-63 Aborn St

61-63 Aborn StPeabody, MA 01960
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4 County St
1 to 2 Bedroom Apartments

4 County St

4 County StPeabody, MA 01960

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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2-6 Littles Ln
1 Bedroom Apartments

2-6 Littles Ln

2-6 Littles LnPeabody, MA 01960
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216 Lowell St
1 to 2 Bedroom Apartments

216 Lowell St

216 Lowell StPeabody, MA 01960
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76-78 Lowell St
Studio Apartments

76-78 Lowell St

76-78 Lowell StPeabody, MA 01960
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Traders Row
Rent Specials
$2,361 - $3,475
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,361 - $3,475

Total Monthly Price
$2,361 - $3,475
1 to 2 Bedroom Apartments Available Now

Traders Row

45 Traders WaySalem, MA 01970
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Floating Bridge Pond
1 to 2 Bedroom Apartments

Floating Bridge Pond

627-631 Eastern AveLynn, MA 01902
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303 Broadway
1 to 2 Bedroom Apartments

303 Broadway

303 BroadwayLynn, MA 01904

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.

South Peabody, Peabody, MA Local Guide

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 ListingModel NameBed/BathPriced From
Ezio‘s PlaceAffordable Unit (income restricted)1BR,1BA$2,050
Jayden ApartmentsA2 Income Restricted1BR,1BA$2,240
Alexan PeabodyS1Studio,1BA$2,263
Traders RowA1CH1BR,1BA$2,361
Highlands at Dearborn ApartmentsThe Attitash1BR,1BA$2,400
Peabody Park2 Bedroom Townhouse2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Ezio‘s PlaceAffordable Unit (income restricted)1BR,1BA$2.41
Peabody Park2 Bedroom Townhouse2BR,1.5BA$3.15
Jayden ApartmentsA11BR,1BA$3.12
Traders RowA1B1BR,1BA$3.19
Highlands at Dearborn ApartmentsThe Attitash1BR,1BA$3.41
Alexan PeabodyS1Studio ,1BA$3.98
Furnished Studio-Boston - PeabodyFurnished Studio-Boston - PeabodyStudio ,1BA$10.26

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Pet Friendly Lifestyle
South Peabody, Peabody, MA

Ranked #5

Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.