20 Central St
PeabodyMA01960
Cheap Apartments for Rent in the South Peabody Neighborhood of Peabody, MA from $600 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Peabody area of Peabody.
76 Lowell St
PeabodyMA01960
17-19 Bowditch St
PeabodyMA01960
52 County St
PeabodyMA01960
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Rent Specials
$1,925 - $2,575
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Contact Us For AvailabilityTerrace Gardens
2 Esquire DrPeabody, MA 01960
122 Lowell St
PeabodyMA01960
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$2,100
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
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$2,100
Total Monthly Price
$2,100
296 Lynn St, Unit #C, Unit #C
296 Lynn StPeabody, MA 01960
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
11 Park St
PeabodyMA01960
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Rent Specials
$2,151 - $3,833
Total Monthly Price13 Month Lease Term
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,151 - $3,833
Total Monthly Price
Varies
Alexan Peabody
128 Newbury StPeabody, MA 01960
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Rent Specials
$2,200 - $2,600
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowEzio‘s Place
2 Hotel AvePeabody, MA 01960
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$2,225 - $3,175
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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$2,3823 Bedroom Apartments Available Now
52 Washington St
52 Washington StPeabody, MA 01960
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$2,400
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$2,400
Total Monthly Price
$2,400
6 Berry St, Unit 1, Unit 1
6 Berry StPeabody, MA 01960
4 Northend St
PeabodyMA01960
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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Rent Specials
$2,440 - $4,369
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,440 - $4,369
Total Monthly Price
$2,440 - $4,369
Jayden Apartments
7 Dearborn RdPeabody, MA 01960
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$2,475 - $5,260
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,475 - $5,260
Total Monthly Price
$2,475 - $5,260
Highlands at Dearborn Apartments
19 Magnolia WayPeabody, MA 01960
101 Lowell St
PeabodyMA01960
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Studio Apartments
2 Main Street
2 Main StPeabody, MA 01960
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Studio to 2 Bedroom Apartments
Peabody Place, LLC.
115 Lowell StPeabody, MA 01960
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2 Bedroom Apartments
Gardner Commons
22 Pulaski StPeabody, MA 01960
8 Walnut 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.
16 Paleologos St
PeabodyMA01960
86 Main St
PeabodyMA01960
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$1,7001 Bedroom Apartments Available Now
236 Euclid Ave, Unit 2
236 Euclid AveLynn, MA 01904
303 Broadway
LynnMA01904
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Rent Specials
$2,278 - $3,475
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,278 - $3,475
Total Monthly Price
Varies
Traders Row
45 Traders WaySalem, MA 01970
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$2,400
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$2,400
Total Monthly Price
$2,400
230 Broadway, Unit #2, Unit #2
230 BroadwayLynn, MA 01904
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1 to 2 Bedroom Apartments
Floating Bridge Pond
627-631 Eastern AveLynn, MA 01902
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
Showing Results 1-29, Page 1 of 1
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 | $1,978 | $1,100 | $2,963 |
| South Peabody 1 Bedroom Apartments | $2,458 | $1,700 | $2,845 |
| South Peabody 2 Bedroom Apartments | $3,005 | $2,100 | $3,833 |
| South Peabody 3 Bedroom Apartments | $3,149 | $2,382 | $4,010 |
| South Peabody 4 Bedroom Apartments | $3,700 | $3,700 | $3,700 |
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 29 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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- 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 Studio unit found at Alexan Peabody priced from $2,151. Ezio‘s Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,200. Here are the most affordable South Peabody apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Alexan Peabody | ZS1 | Studio,1BA | $2,151 |
| Ezio‘s Place | 1Bed, 1Bath (APR-MAY 2026) | 1BR,1BA | $2,200 |
| Traders Row | A1B | 1BR,1BA | $2,420 |
| Jayden Apartments | A1 | 1BR,1BA | $2,440 |
| Highlands at Dearborn Apartments | The Nashoba | 2BR,1BA | $2,965 |
Best Value Apartments for Rent in South Peabody, MA
As of April 12, 2026 the best value apartment in the South Peabody area is the $1.94 price per square foot 84 Endicott St Model at 84 Endicott St, Unit 1-R in the in the South Peabody neighborhood starting from $3,500. The second greatest value South Peabody apartment is the 6 Berry St Model at 6 Berry St, Unit 1 starting at $2,400 with a $2.00 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. |
|---|---|---|---|
| 84 Endicott St, Unit 1-R | 84 Endicott St | 3BR,1BA | $1.94 |
| 6 Berry St, Unit 1 | 6 Berry St | 2BR,1BA | $2.00 |
| 154 Jenness St, Unit 2 | 154 Jenness St | 3BR,1BA | $2.91 |
| 230 Broadway, Unit #2 | 230 Broadway | 2BR,1BA | $2.40 |
| Highlands at Dearborn Apartments | The Nashoba | 2BR,1BA | $3.11 |
| Ezio‘s Place | 1Bed, 1Bath (APR-MAY 2026) | 1BR,1BA | $2.75 |
| Jayden Apartments | A1 | 1BR,1BA | $3.18 |
| Traders Row | A1B | 1BR,1BA | $3.19 |
| Alexan Peabody | A3 | 1BR,1BA | $3.84 |
| 296 Lynn St, Unit #C | 296 Lynn St | 2BR,1BA | $3.33 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
Read ArticleThe 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.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleSouth Peabody, Peabody, MA
Ranked #7
Among cities in Massachusetts 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.
Frequently Asked Questions about Cheap South Peabody Apartments
What is a cheap apartment in South Peabody?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Peabody is under $2,965.
What is the price of a cheap apartment in South Peabody?
The cheapest apartment in South Peabody is Ezio‘s Place which is listed at $2,200, while the average apartment in South Peabody costs $3,700.
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 7 regular apartments in South Peabody that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
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.
Helpful Local Expert Guides
The 10 Best Affordable Neighborhoods in Boston, MA
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Explore Like a Local: The Insider's Guide to Boston
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Articles, How-To's, and Tips
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.