3 Buttonwood Ln
PeabodyMA01960
Cheap Homes for Rent in South Peabody Neighborhood of Peabody, MA from $1,300 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the South Peabody area of Peabody.
303 Broadway
LynnMA01904
111 Foster St, Unit 220
111 Foster 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
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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 a home in South Peabody?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Peabody 2 Bedroom Homes for Rent | $2,600 | $2,400 | $2,900 |
| South Peabody 3 Bedroom Homes for Rent | $4,133 | $3,950 | $4,500 |
| South Peabody 4 Bedroom Homes for Rent | $5,000 | $5,000 | $5,000 |
Browse Homes for Rent in this Neighborhood
There are currently 3 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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Best Value Apartments for Rent in South Peabody, MA
As of March 28, 2025 the best value apartment in the South Peabody area is the $2.42 price per square foot Sylvan Model at Essex Apartment Homes in the in the South Peabody neighborhood starting from $2,960. The second greatest value South Peabody apartment is the 8 Elm St Model at 8 Elm St, Unit #1 starting at $2,500 with a $2.08 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. |
|---|---|---|---|
| Essex Apartment Homes | Sylvan | 2BR,2BA | $2.42 |
| 8 Elm St, Unit #1 | 8 Elm St | 2BR,1BA | $2.08 |
| Michaels Landing | Affordable Waitlist (income restricted) | 2BR,2BA | $2.04 |
| 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 |
| 174 Lynn St, Unit #2 | 174 Lynn St | 2BR,1BA | $2.58 |
| 9 Carlton St, Unit #3 | 9 Carlton St | 2BR,1BA | $2.20 |
| 109 Foster St, Unit #220 | 109 Foster St | 2BR,1BA | $2.78 |
| 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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Frequently Asked Questions about South Peabody
What type of rentals are currently available in South Peabody?
There are currently 87 Apartments for Rent in South Peabody, MA with pricing that ranges from $1,725 to $9,825. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Peabody ranging from $1,350 to $5,000.
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 $1,350 to $5,000 with an average monthly rent of $3,270.
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.