37 Osborne Hill Dr
SalemMA01970
Cheap Homes for Rent in the South Peabody Neighborhood of Peabody, MA from $1,700 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the South Peabody area of Peabody.
4 Mill St, Unit 5
4 Mill St
PeabodyMA01960
72 Lowell St
PeabodyMA01960
Boston's Best Affordable Neighborhoods
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$2,249Studio Apartments Available Now
Furnished Studio-Boston - Peabody
200 Jubilee DrPeabody, MA 01960
10 Elliott Pl
PeabodyMA01960
122 Foster St
PeabodyMA01960
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
10 Ethel Ave
PeabodyMA01960
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South Peabody, Peabody, MA Local Guide
How much does it cost to rent a home in South Peabody?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| South Peabody 2 Bedroom Homes for Rent | $2,488 | $1,700 | $3,200 |
| South Peabody 3 Bedroom Homes for Rent | $3,725 | $3,500 | $3,950 |
| South Peabody 4 Bedroom Homes for Rent | $4,100 | $4,100 | $4,100 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 7 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 $2,155. Alexan Peabody has the second lowest priced unit, which is a Studio apartment currently listed from $2,403. Here are the most affordable South Peabody apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ezio‘s Place | 1Bed, 1Bath (SEPTEMBER 2026) | 1BR,1BA | $2,155 |
| Alexan Peabody | S1 | Studio,1BA | $2,403 |
| Highlands at Dearborn Apartments | The Cranmore | 1BR,1BA | $2,470 |
Best Value Apartments for Rent in South Peabody, MA
As of September 11, 2026 the best value apartment in the South Peabody area is the $3.15 price per square foot 1 James St Model at 1 James St, Unit 2 in the in the South Peabody neighborhood starting from $4,100. The second greatest value South Peabody apartment is the 74 Aborn St Model at 74 Aborn St, Unit Unit 3 starting at $2,300 with a $1.92 price per square foot in the South Salem 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. |
|---|---|---|---|
| 1 James St, Unit 2 | 1 James St | 4BR,2BA | $3.15 |
| 74 Aborn St, Unit Unit 3 | 74 Aborn St | 2BR,1BA | $1.92 |
| 6 Berry St, Unit 1 | 6 Berry St | 2BR,1BA | $1.92 |
| 29 Savory St | 29 Savory St | 2BR,1BA | $2.17 |
| 85 Lynnfield St, Unit 2 | 85 Lynnfield St | 2BR,1BA | $2.60 |
| 230 Euclid Ave | 230 Euclid Ave | 2BR,1BA | $2.34 |
| 76 Lynn St, Unit Second floor | 76 Lynn St | 2BR,1BA | $2.88 |
| Rosenfelt Building, LLC. | 2BR/1.0BA | 2BR,1BA | $3.29 |
| Traders Row | A1B | 1BR,1BA | $3.36 |
| Ezio‘s Place | 1Bed, 1Bath (SEPTEMBER 2026) | 1BR,1BA | $2.87 |
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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
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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
Frequently Asked Questions about South Peabody
What type of rentals are currently available in South Peabody?
There are currently 88 Apartments for Rent in South Peabody, MA with pricing that ranges from $1,850 to $4,415. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Peabody ranging from $1,700 to $4,100.
What is the current price range for Rental Homes in South Peabody?
Today's rental pricing for Homes for Rent, Condos and Townhomes in South Peabody ranges from $1,700 to $4,100 with an average monthly rent of $2,896.
How much are larger Three and Four Bedroom Rentals in South Peabody?
For those who are looking for larger living arrangements, Three Bedroom Apartments in South Peabody range from $2,500 to $4,415, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,500 to $3,950. Four Bedroom Single-Family rentals are also available starting from $4,100 and Four Bedroom Apartments start at $3,400.
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.
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