Riverwalk Lofts
250 Merrimack St,
Lawrence, MA 01843
1-2 Beds | $2,200 - $2,925
Rental Market Trends in Lawrence, MA
What is the average rent in Lawrence, MA?
$1,902/month
Average Rent
772 Sq Ft
Average Apartment Size
+4.2%
Increase in the Last Year
As of March 2025, the average rent in Lawrence, MA is $1,902 per month. This is 22% higher than the national average rent price of $1,560/month, making Lawrence one of the most expensive cities in the US. When you rent an apartment in Lawrence, you can expect to pay about $1,889 per month for a studio, $1,902 for a one-bedroom apartment, and around $2,265 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,572 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Lawrence, MA?
In the past year, rent has increased by 4.2%, which averages out to $81 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2025
Legend
2024
2025
Rent Ranges in Lawrence, MA
Last Updated March 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
6%
$700 - $1,000/month
24%
$1,001 - $1,500/month
32%
$1,501 - $2,000/month
35%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lawrence?
Based on current rent prices, Mount Vernon, Downtown Lawrence and North Lawrence are the most affordable neighborhoods in Lawrence.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Lawrence?
Based on current rent prices, South Lawrence, North Common and North Lawrence are the most expensive neighborhoods in Lawrence.
Neighborhood
Average Rent
Average Sq Ft
Which Lawrence neighborhoods have the most rentals available?
The neighborhoods in Lawrence with the most apartments available are South Lawrence, North Common and Mount Vernon .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lawrence, MA?
Because the average rent in Lawrence is $1,902, you’ll want to make about $6,340 per month or $76,080 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Lawrence, MA compare to other nearby cities and neighborhoods?
Use the tool below to compare Lawrence, MA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,650/month
$1,742/month
One Bedroom
$1,900/month
$2,079/month
Two Bedroom
$2,100/month
$2,365/month
Three Bedroom
-
$2,421/month
Nearby City Rent Trends
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AvalonBay
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Fairfield
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AIR Communities
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John M Corcoran & Co
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50
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35
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1 Community in Lawrence
The Wingate Companies
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45
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7,415
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32
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1 Community in Lawrence
Priderock Capital Management
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35
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10,118
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28
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1 Community in Lawrence
TGM Communities LLC
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28
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10,818
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.