37 Osborne Hill Dr
SalemMA01970
Cheap Homes for Rent in the South Peabody Neighborhood of Peabody, MA from $1,400 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the South Peabody area of Peabody.
4 Mill St, Unit 9
4 Mill St
PeabodyMA01960
Boston's Best Affordable Neighborhoods
Learn about Boston and the best places to live around the area with original content written by our Boston, MA Local Expert Amelia Ramstead
4 Mill St, Unit 5
4 Mill St
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.
406 Broadway
LynnMA01904
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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 | $2,733 | $2,400 | $3,000 |
| South Peabody 3 Bedroom Homes for Rent | $4,300 | $4,300 | $4,300 |
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 5 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 2 Beds unit found at Ezio‘s Place priced from $2,450. Highlands at Dearborn Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,460. 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 (AVAILABLE NOW) | 2BR,1BA | $2,450 |
| Highlands at Dearborn Apartments | The Attitash | 1BR,1BA | $2,460 |
| Jayden Apartments | A1 | 1BR,1BA | $2,498 |
Best Value Apartments for Rent in South Peabody, MA
As of July 27, 2026 the best value apartment in the South Peabody area is the $2.80 price per square foot 85 Lynnfield St Model at 85 Lynnfield St, Unit 1 in the in the South Peabody neighborhood starting from $2,800. The second greatest value South Peabody apartment is the 1 Bed+Office Den, 1 Bath (AVAILABLE NOW) Model at Ezio‘s Place starting at $2,450 with a $2.88 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. |
|---|---|---|---|
| 85 Lynnfield St, Unit 1 | 85 Lynnfield St | 2BR,1BA | $2.80 |
| Ezio‘s Place | 1 Bed+Office Den, 1 Bath (AVAILABLE NOW) | 2BR,1BA | $2.88 |
| 13 Lowe St, Unit 2 | 13 Lowe St | 2BR,1BA | $2.59 |
| Jayden Apartments | A1 | 1BR,1BA | $3.26 |
| Traders Row | A1B | 1BR,1BA | $3.54 |
| Alexan Peabody | A3 | 1BR,1BA | $3.71 |
| Highlands at Dearborn Apartments | The Attitash | 1BR,1BA | $3.50 |
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.
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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
Frequently Asked Questions about South Peabody
What type of rentals are currently available in South Peabody?
There are currently 81 Apartments for Rent in South Peabody, MA with pricing that ranges from $1,925 to $3,933. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Peabody ranging from $1,499 to $4,300.
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 $1,499 to $4,300 with an average monthly rent of $2,558.
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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