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Terrace Gardens
2 Esquire DrPeabody, MA 01960
Cheap Apartments for Rent in the South Peabody Neighborhood of Peabody, MA from $1,000 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Peabody area of Peabody.
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from $2,0501 to 3 Bedroom Apartments Contact Us For Availability
Terrace Estates Apartments
143 Shore DrPeabody, MA 01960
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11 Park St
PeabodyMA01960
6 Wheeler 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.
144 Washington St
PeabodyMA01960
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
37 Osborne Hill Dr
SalemMA01970
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303 Broadway
LynnMA01904
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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 Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Peabody Studio Apartments | $2,557 | $2,263 | $3,149 |
| South Peabody 1 Bedroom Apartments | $2,603 | $1,499 | $3,835 |
| South Peabody 2 Bedroom Apartments | $3,196 | $2,250 | $5,140 |
| South Peabody 3 Bedroom Apartments | $3,900 | $2,650 | $5,105 |
| South Peabody 4 Bedroom Apartments | $4,000 | $4,000 | $4,000 |
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
- Nearby Cities
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- Local Counties
- School Districts
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. Alexan Peabody has the second lowest priced unit, which is a Studio apartment currently listed from $2,223. 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 |
| Alexan Peabody | S1 | Studio,1BA | $2,223 |
| Essex Apartment Homes | Prospect | 1BR,1BA | $2,424 |
| eaves Peabody | A1 | 1BR,1BA | $2,445 |
| Princeton Crossing | Two Bedroom Standard | 2BR,1BA | $2,450 |
Best Value Apartments for Rent in South Peabody, MA
As of June 13, 2025 the best value apartment in the South Peabody area is the $2.00 price per square foot 46 Holten St Model at 46 Holten St, Unit #1 in the in the South Salem neighborhood starting from $2,400. The second greatest value South Peabody apartment is the 85 Lynnfield St Model at 85 Lynnfield St, Unit 1 starting at $2,800 with a $2.80 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. |
|---|---|---|---|
| 46 Holten St, Unit #1 | 46 Holten St | 2BR,1BA | $2.00 |
| 85 Lynnfield St, Unit 1 | 85 Lynnfield St | 2BR,1BA | $2.80 |
| 85 Lowell St, Unit #1 | 85 Lowell St | 2BR,1BA | $2.67 |
| 14 North | Aviary Gardens Loft (A1AL) | 1BR,1BA | $2.90 |
| Essex Apartment Homes | Prospect | 1BR,1BA | $2.94 |
| Michaels Landing | 1BED 1BATH (AUG-SEP 2025) | 1BR,1BA | $3.13 |
| Ezio‘s Place | Affordable Unit (income restricted) | 1BR,1BA | $2.56 |
| Highlands at Dearborn Apartments | The Killington | 1BR,1BA | $3.22 |
| Jayden Apartments | A1 | 1BR,1BA | $3.46 |
| Princeton Crossing | Two Bedroom Standard | 2BR,1BA | $3.50 |
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Pet Friendly LifestyleSouth Peabody, Peabody, MA
Ranked #3
Among neighborhoods in Peabody, MA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet 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 $2,450 at Princeton Crossing.
What is the most affordable South Peabody Three Bedroom Apartment?
The best deal on a cheap South Peabody Three Bedroom Apartment rental is at 14 North and starts from $3,611.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.