Riverwalk Lofts
250 Merrimack St,
Lawrence, MA 01843
1-2 Beds | $2,250 - $3,025
Rental Market Trends in Lawrence, MA
What is the average rent in Lawrence, MA?
$1,910/month
Average Rent
750 Sq Ft
Average Apartment Size
+6.1%
Increase in the Last Year
As of December 2024, the average rent in Lawrence, MA is $1,910 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 $1,918 per month for a studio, $1,910 for a one-bedroom apartment, and around $2,232 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,505 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 6.1%, which averages out to $117 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 December 2024
Legend
2023
2024
Rent Ranges in Lawrence, MA
Last Updated December 2024
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
6%
$700 - $1,000/month
30%
$1,001 - $1,500/month
27%
$1,501 - $2,000/month
33%
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, North Lawrence and Downtown 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, Den Rock Park and North Common 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 Den Rock Park .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lawrence, MA?
Because the average rent in Lawrence is $1,910, you’ll want to make about $6,366 per month or $76,392 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
$1,599/month
$1,802/month
One Bedroom
$1,850/month
$2,051/month
Two Bedroom
$2,107/month
$2,366/month
Three Bedroom
-
$2,366/month
Nearby City Rent Trends
Apartment communities in Lawrence we think you'll love
Property Management Companies in Lawrence, MA
Princeton Properties
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29
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5,640
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AvalonBay
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185
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65,758
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124
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Fairfield
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104
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28,807
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66
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John M Corcoran & Co
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49
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1 Community in Lawrence
The Wingate Companies
-
46
Communities
-
7,597
Units
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33
Cities
1 Community in Lawrence
AIR Communities
-
36
Communities
-
16,211
Units
-
24
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1 Community in Lawrence
Priderock Capital Management
-
31
Communities
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9,096
Units
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24
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1 Community in Lawrence
TGM Communities LLC
-
28
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-
10,818
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19
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1 Community in Lawrence
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Methodology
† 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.
* Percentages may not total 100 due to rounding.