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Terrace Gardens
2 Esquire DrPeabody, MA 01960
Cheap Apartments for Rent in the South Peabody Neighborhood of Peabody, MA from $1,000 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Peabody area of Peabody.
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from $1,9501 Bedroom Apartment Available Now
16 Washington St, Unit 4
16 Washington StPeabody, 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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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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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 | $2,000 | $2,000 | $2,000 |
| South Peabody 1 Bedroom Apartments | $2,569 | $1,725 | $4,635 |
| South Peabody 2 Bedroom Apartments | $3,257 | $2,150 | $9,943 |
| South Peabody 3 Bedroom Apartments | $3,139 | $2,550 | $4,815 |
Browse Apartments in this Neighborhood
There are currently 9 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
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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 $2,125. 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 | Dog Friendly One Bedroom Standard | 1BR,1BA | $2,125 |
| Michaels Landing | Affordable Housing (income restricted) | 2BR,2BA | $2,350 |
Best Value Apartments for Rent in South Peabody, MA
As of February 22, 2025 the best value apartment in the South Peabody area is the $2.08 price per square foot 8 Elm St Model at 8 Elm St, Unit #1 in the in the South Peabody neighborhood starting from $2,500. The second greatest value South Peabody apartment is the 2BED 2BATH (MID-APRIL) Model at Michaels Landing starting at $3,100 with a $2.70 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. |
|---|---|---|---|
| 8 Elm St, Unit #1 | 8 Elm St | 2BR,1BA | $2.08 |
| Michaels Landing | 2BED 2BATH (MID-APRIL) | 2BR,2BA | $2.70 |
| Traders Row | B2D | 2BR,2BA | $2.96 |
| Ezio‘s Place | 2Bed, 2Bath (AVAILABLE APRIL 2025) | 2BR,2BA | $2.67 |
| 4 Sherman St, Unit 2 | 4 Sherman St | 2BR,1BA | $2.65 |
| 9 Bowditch St, Unit #2 | 9 Bowditch St | 2BR,1BA | $2.40 |
| 91 Lowell St, Unit #3 | 91 Lowell St | 2BR,1BA | $2.60 |
| 109 Foster St, Unit #220 | 109 Foster St | 2BR,1BA | $2.78 |
| Hawthorne Commons | The Dickens | 1BR,1BA | $3.05 |
| 9 Carlton St, Unit 3rd Floor | 9 Carlton St | 2BR,1BA | $3.14 |
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Pet Friendly LifestyleSouth Peabody, Peabody, MA
Ranked #6
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 Cheapest Studio apartment in South Peabody?
Currently the most affordable Cheap Studio Apartment in South Peabody is at listed at $2,000.
How much is rent for a Cheap One Bedroom South Peabody Apartment?
The lowest price for a Cheap One Bedroom South Peabody Apartment is $2,050 at Ezio‘s Place.
What is the lowest price for a Cheap Two Bedroom South Peabody Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in South Peabody is starting from $2,350 at Michaels Landing.
What is the most affordable South Peabody Three Bedroom Apartment?
The best deal on a cheap South Peabody Three Bedroom Apartment rental is at Highlands at Dearborn Apartments and starts from $3,970.
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.
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.