126 Lowell St
PeabodyMA01960
Cheap Apartments for Rent in the South Peabody Neighborhood of Peabody, MA from $600 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Peabody area of Peabody.
close
View Me
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
close
View Me
Studio Apartments
2 Main Street
2 Main StPeabody, MA 01960
close
View Me
Studio to 2 Bedroom Apartments
Peabody Place, LLC.
115 Lowell 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.
37 Osborne Hill Dr
SalemMA01970
303 Broadway
LynnMA01904
close
View Me
1 to 2 Bedroom Apartments
Floating Bridge Pond
627-631 Eastern AveLynn, MA 01902
100 Magnolia Ave
LynnMA01904
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.
Showing Results 1-8, Page 1 of 1
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 | $2,862 | $2,353 | $3,371 |
| South Peabody 1 Bedroom Apartments | $2,486 | $1,800 | $2,940 |
| South Peabody 2 Bedroom Apartments | $2,994 | $2,200 | $3,933 |
| South Peabody 3 Bedroom Apartments | $3,253 | $2,675 | $4,360 |
| 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 8 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
- ZIP codes
- 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 2 Beds unit found at Ezio‘s Place priced from $2,292. Highlands at Dearborn Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,375. Here are the most affordable South Peabody apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ezio‘s Place | 1 Bed+Office Den, 1 Bath (MAY-JUNE 2026) | 2BR,1BA | $2,292 |
| Highlands at Dearborn Apartments | The Attitash | 1BR,1BA | $2,375 |
| Jayden Apartments | A1 | 1BR,1BA | $2,444 |
Best Value Apartments for Rent in South Peabody, MA
As of May 27, 2026 the best value apartment in the South Peabody area is the $1.78 price per square foot 84 Endicott St Model at 84 Endicott St, Unit 1-R in the in the South Peabody neighborhood starting from $3,200. The second greatest value South Peabody apartment is the 6 Berry St Model at 6 Berry St, Unit 1 starting at $2,250 with a $1.88 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 | $1.78 |
| 6 Berry St, Unit 1 | 6 Berry St | 2BR,1BA | $1.88 |
| Traders Row | B2C | 2BR,2BA | $2.94 |
| 230 Broadway, Unit #2 | 230 Broadway | 2BR,1BA | $2.20 |
| 4 Berry St | 4 Berry St | 3BR,1BA | $3.20 |
| Ezio‘s Place | 1 Bed+Office Den, 1 Bath (MAY-JUNE 2026) | 2BR,1BA | $2.70 |
| Alexan Peabody | A2 | 1BR,1BA | $3.55 |
| Jayden Apartments | A1 | 1BR,1BA | $3.22 |
| Highlands at Dearborn Apartments | The Attitash | 1BR,1BA | $3.37 |
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 Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Let everyone know!
Do you know the South Peabody area?
If you’re an expert on all things South Peabody, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleSouth Peabody, Peabody, MA
Ranked #5
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 the price of a cheap apartment in South Peabody?
The cheapest apartment in South Peabody is Highlands at Dearborn Apartments which is listed at $2,370, 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 6 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
Written by: Amelia Ramstead
Boston is known for its exciting combination of early American history and modern high-tech universities and employers.
A Local Experts Guide to the Top Boston Neighborhoods for College Renters
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts! We’re excited to help you find your new home, and getting to know the neighborhood is an important part of that process!
Explore Like a Local: The Insider's Guide to Boston
Written by: Amelia Ramstead
Hello from Boston, Massachusetts! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, and I’m here to give you the inside scoop on this unique city.
Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts. Getting to know your new neighborhood is one of the best parts of moving, and we’re excited to help you get started.
Articles, How-To's, and Tips
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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.