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Cheap Apartments for Rent in the Proctor Neighborhood of Peabody, MA from $1,000 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Proctor 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
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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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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Proctor, 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 Proctor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Proctor Studio Apartments | $2,096 | $1,050 | $3,143 |
| Proctor 1 Bedroom Apartments | $2,610 | $1,800 | $3,595 |
| Proctor 2 Bedroom Apartments | $2,963 | $2,250 | $5,180 |
| Proctor 3 Bedroom Apartments | $3,272 | $2,650 | $3,999 |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Proctor Neighborhood of Peabody, MA.
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Proctor, Peabody, MA Local Guide
- Nearby Peabody neighborhoods
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Cheapest Available Proctor Apartments for Rent
The cheapest available apartment rental in the Proctor area of Boston, MA is a 1 Bed unit found at Princeton Crossing priced from $2,170. Michaels Landing has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,350. Here are the most affordable Proctor apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Princeton Crossing | One BR Deluxe | 1BR,1BA | $2,170 |
| Michaels Landing | Affordable Waitlist (income restricted) | 2BR,2BA | $2,350 |
| 14 North | Aster Gardens (A1B) | 1BR,1BA | $2,366 |
Best Value Apartments for Rent in Proctor, MA
As of April 18, 2025 the best value apartment in the Proctor 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 Proctor 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 Proctor 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 |
| 8 Elm St, Unit #1 | 8 Elm St | 2BR,1BA | $2.08 |
| Michaels Landing | 2BED 2BATH (AUG-SEP 2025) | 2BR,2BA | $2.70 |
| 26 Northend St, Unit #2 | 26 Northend St | 2BR,1BA | $2.40 |
| 9 Bowditch St, Unit #2 | 9 Bowditch St | 2BR,1BA | $2.40 |
| 91 Lowell St, Unit #3 | 91 Lowell St | 2BR,1BA | $2.60 |
| 85 Lowell St, Unit #1 | 85 Lowell St | 2BR,1BA | $2.67 |
| Essex Apartment Homes | Cross | 1BR,1BA | $3.20 |
| 14 North | Aviary Gardens (A1A) | 1BR,1BA | $3.18 |
| 21 N Central St, Unit #2 | 21 N Central St | Studio ,1BA | $2.76 |
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Pet Friendly LifestyleProctor, Peabody, MA
Ranked #2
Among neighborhoods in Peabody, MA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Proctor, Peabody, MA
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, metropolitan areas, and rental properties across Massachusetts including Proctor, Peabody, and the greater Boston area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, kid and pet-friendly communities, availability of transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Proctor Apartments
What is the price of a cheap apartment in Proctor?
The cheapest apartment in Proctor is Princeton Crossing which is listed at $2,170, while the average apartment in Proctor costs $3,324.
What types of apartments are the cheapest in Proctor?
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 Proctor 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 Proctor?
Cheap apartments in Proctor have an average cost of $229 which is $3,095 cheaper than the average rent for all rentals in Proctor.
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.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
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.