The Ayer Mansion and The Franco
357 Pawtucket St,
Lowell, MA 01854
1 Bed | $2,250
Rental Market Trends in Lowell, MA
What is the average rent in Lowell, MA?
$1,867/month
Average Rent
711 Sq Ft
Average Apartment Size
+1.8%
Increase in the Last Year
As of December 2024, the average rent in Lowell, MA is $1,867 per month. This is 20% higher than the national average rent price of $1,560/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 $1,646 per month for a studio, $1,867 for a one-bedroom apartment, and around $2,196 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,906 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 increased by 1.8%, which averages out to $34 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 Lowell, MA
Last Updated December 2024
$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
52%
$1,501 - $2,000/month
35%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lowell?
Based on current rent prices, The Acre, Belvidere and Highlands Lowell 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, Downtown Lowell, Pawtucketville and Back Central 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 Centralville .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lowell, MA?
Because the average rent in Lowell is $1,867, you’ll want to make about $6,223 per month or $74,676 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
$1,705/month
$1,976/month
One Bedroom
$1,544/month
$2,062/month
Two Bedroom
$2,219/month
$2,554/month
Three Bedroom
$2,105/month
$3,576/month
Nearby City Rent Trends
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Property Management Companies in Lowell, MA
John M Corcoran & Co
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49
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29
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Winn Companies
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Two Coast Living
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92
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The Wingate Companies
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46
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7,597
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33
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1 Community in Lowell
Churchill Forge Properties
-
46
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-
10,476
Units
-
21
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1 Community in Lowell
Diversified Funding, Inc.
-
14
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-
1,333
Units
-
13
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1 Community in Lowell
Makor Management LLC
-
14
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3,913
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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.