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Cheap Apartments for Rent in the South Peabody Neighborhood of Peabody, MA from $1,000 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Peabody area of Peabody.
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Rent Specials
from $1,8001 to 2 Bedroom Apartments Contact Us For Availability
Terrace Gardens
2 Esquire DrPeabody, MA 01960
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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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92 Washington St
PeabodyMA01960
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2 Victory Rd
LynnMA01902
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
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Rent Specials
from $2,1881 to 2 Bedroom Apartments Available Now
Hawthorne Commons
205 Highland AveSalem, MA 01970
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Showing Results 1-13, 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 Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Peabody Studio Apartments | $2,064 | $1,050 | $3,143 |
| South Peabody 1 Bedroom Apartments | $2,761 | $1,800 | $7,097 |
| South Peabody 2 Bedroom Apartments | $3,237 | $2,200 | $9,891 |
| South Peabody 3 Bedroom Apartments | $3,347 | $2,650 | $5,240 |
Browse Apartments in this Neighborhood
There are currently 13 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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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. Princeton Crossing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,170. 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 |
| Princeton Crossing | One BR Deluxe | 1BR,1BA | $2,170 |
| Michaels Landing | Affordable Waitlist (income restricted) | 2BR,2BA | $2,350 |
| Hawthorne Commons | The Dickens | 1BR,1BA | $2,368 |
| 14 North | Aster Gardens (A1B) | 1BR,1BA | $2,396 |
Best Value Apartments for Rent in South Peabody, MA
As of April 14, 2025 the best value apartment in the South Peabody area is the $2.05 price per square foot 38 Forest St Model at 38 Forest St, Unit #1 in the in the South Peabody neighborhood starting from $3,800. The second greatest value South Peabody apartment is the 46 Holten St Model at 46 Holten St, Unit #1 starting at $2,400 with a $2.00 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. |
|---|---|---|---|
| 38 Forest St, Unit #1 | 38 Forest St | 3BR,1.5BA | $2.05 |
| 46 Holten St, Unit #1 | 46 Holten St | 2BR,1BA | $2.00 |
| 8 Elm St, Unit #1 | 8 Elm St | 2BR,1BA | $2.08 |
| 69 Lake View Ave, Unit 1 | 69 Lake View Ave | 2BR,1BA | $2.55 |
| 174 Lynn St, Unit #2 | 174 Lynn St | 2BR,1BA | $2.58 |
| 9 Bowditch St, Unit #2 | 9 Bowditch St | 2BR,1BA | $2.40 |
| 26 Northend St, Unit #2 | 26 Northend St | 2BR,1BA | $2.40 |
| 91 Lowell St, Unit #3 | 91 Lowell St | 2BR,1BA | $2.60 |
| Ezio‘s Place | Affordable Unit (income restricted) | 1BR,1BA | $2.59 |
| 15 Lowe St, Unit 1 | 15 Lowe St | 2BR,1BA | $2.59 |
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Pet Friendly LifestyleSouth Peabody, Peabody, MA
Ranked #7
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
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 $2,050, while the average apartment in South Peabody costs $3,300.
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 5 regular apartments in South Peabody that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in South Peabody?
Cheap apartments in South Peabody have an average cost of $199 which is $3,101 cheaper than the average rent for all rentals in South Peabody.
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.