
Cheap Homes for Rent in the Proctor Neighborhood of Peabody, MA from $1,700 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Proctor area of Peabody.


72 Lowell St
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

7 Spring St Ct

35 Collins St, Unit 92
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.

Furnished Studio-Boston - Peabody
Proctor, Peabody, MA Local Guide

How much does it cost to rent a home in Proctor?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Proctor 2 Bedroom Homes for Rent | $2,415 | $1,700 | $3,100 |
| Proctor 3 Bedroom Homes for Rent | $3,575 | $3,200 | $3,950 |
| Proctor 4 Bedroom Homes for Rent | $4,100 | $4,100 | $4,100 |
| Proctor 5 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Proctor Neighborhood of Peabody, MA.
Explore Peabody
Proctor, Peabody, MA Local Guide
- Nearby Peabody neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Best Value Homes for Rent in Proctor, MA
As of September 22, 2026 the best value rental home in the Proctor area is the $2.25 price per square foot 15 River St Model at 15 River St in the Central Peabody neighborhood starting from $4,500. The second greatest value Proctor rental home is the 1 James St Model at 1 James St in the South Peabody neighborhood starting at $4,100 with a $3.15 price per square foot. Here is today’s list of the best values for Proctor homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 15 River St | 15 River St | 5BR, 2BA | $2.25 |
| 1 James St | 1 James St | 4BR, 2BA | $3.15 |
| 35 Collins St, Unit 92 | 35 Collins St | 2BR, 2BA | $1.83 |
| 8 Crowninshield St, Unit 311 | 8 Crowninshield St | 2BR, 2BA | $2.46 |
| 3 Mill St Ct | 3 Mill St Ct | 3BR, 2BA | $2.91 |
| 4 Mill St | 4 Mill St | 2BR, 1BA | $8.50 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Proctor, Peabody, MA
School data provided by Great Schools
Frequently Asked Questions about Proctor
What type of rentals are currently available in Proctor?
There are currently 77 Apartments for Rent in Proctor, MA with pricing that ranges from $1,850 to $4,148. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Proctor ranging from $1,700 to $4,500.
What is the current price range for Rental Homes in Proctor?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Proctor ranges from $1,700 to $4,500 with an average monthly rent of $2,922.
How much are larger Three and Four Bedroom Rentals in Proctor?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Proctor range from $2,675 to $3,796, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,200 to $3,950. Four Bedroom Single-Family rentals are also available starting from $4,100 and Four Bedroom Apartments start at $4,100.
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.
Helpful Local Expert Guides

Moving to Boston Without Losing Your Mind: A Renter’s Guide to a Smooth Move
Written by: Amelia Ramstead
Hello! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston.

What It Really Costs to Live in Boston: A Local Renter's Guide
Written by: Amelia Ramstead
Hello! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston.

Close to Boston, Easier to Rent: Your Guide to 5 Key Neighboring Cities
Written by: Amelia Ramstead
Hello! I’m Amelia, your ApartmentHomeLiving.com expert for Boston!

Top Short-Term Rental Neighborhoods in Boston: Tips from a Local Expert
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com expert for Boston, and I’m excited to help you find your next home!
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.