The Ayer Mansion and The Franco
357 Pawtucket St,
Lowell, MA 01854
2 Beds | $2,550
Rental Market Trends in Lowell, MA
What is the average rent in Lowell, MA?
$1,883/month
Average Rent
712 Sq Ft
Average Apartment Size
-1%
Decrease in the Last Year
As of January 2025, the average rent in Lowell, MA is $1,883 per month. This is 21% higher than the national average rent price of $1,554/month, making Lowell one of the most expensive cities in the US. When you rent an apartment in Lowell, you can expect to pay about $1,616 per month for a studio, $1,883 for a one-bedroom apartment, and around $2,190 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,911 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 Lowell, MA?
In the past year, rent has decreased by 1%, which averages out to $18 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2025
Legend
2024
2025
Rent Ranges in Lowell, MA
Last Updated January 2025
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
2%
$700 - $1,000/month
12%
$1,001 - $1,500/month
54%
$1,501 - $2,000/month
33%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lowell?
Based on current rent prices, Belvidere, Pawtucketville and Centralville are the most affordable neighborhoods in Lowell.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Lowell?
Based on current rent prices, Back Central, Downtown Lowell and Lowell/Dracut are the most expensive neighborhoods in Lowell.
Neighborhood
Average Rent
Average Sq Ft
Which Lowell neighborhoods have the most rentals available?
The neighborhoods in Lowell with the most apartments available are Lowell/Dracut, Downtown Lowell and South Lowell .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lowell, MA?
Because the average rent in Lowell is $1,883, you’ll want to make about $6,276 per month or $75,312 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 Lowell, MA compare to other nearby cities and neighborhoods?
Use the tool below to compare Lowell, 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
$1,744/month
$1,425/month
One Bedroom
$1,775/month
$1,500/month
Two Bedroom
$2,070/month
$1,675/month
Three Bedroom
-
-
Nearby City Rent Trends
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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.