The Shipwright
1 Hanson St,
Lynn, MA 01905
1-3 Beds | $2,040 - $4,850
Rental Market Trends in Lynn, MA
What is the average rent in Lynn, MA?
$1,811/month
Average Rent
820 Sq Ft
Average Apartment Size
+0.5%
Increase in the Last Year
As of April 2025, the average rent in Lynn, MA is $1,811 per month. For comparison, the national average rent price in the US is currently $1,577/month, which means Lynn rent prices are 15% higher than the national average. When you rent an apartment in Lynn, you can expect to pay about $1,722 per month for a studio, $1,811 for a one-bedroom apartment, and around $2,680 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $4,202 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 Lynn, MA?
In the past year, rent has increased by 0.5%, which averages out to $10 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 April 2025
Legend
2024
2025
Rent Ranges in Lynn, MA
Last Updated April 2025
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
13%
$700 - $1,000/month
19%
$1,001 - $1,500/month
40%
$1,501 - $2,000/month
27%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lynn?
Based on current rent prices, Downtown Lynn, Lynn Waterfront and North Suburbs-Essex are the most affordable neighborhoods in Lynn.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Lynn?
Based on current rent prices, Route 1 North, North Suburbs-Essex and Lynn Waterfront are the most expensive neighborhoods in Lynn.
Neighborhood
Average Rent
Average Sq Ft
Which Lynn neighborhoods have the most rentals available?
The neighborhoods in Lynn with the most apartments available are Route 1 North, North Suburbs-Essex and Lynn Waterfront .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lynn, MA?
Because the average rent in Lynn is $1,811, you’ll want to make about $6,036 per month or $72,432 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 Lynn, MA compare to other nearby cities and neighborhoods?
Use the tool below to compare Lynn, 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
$1,721/month
$2,046/month
One Bedroom
$1,779/month
$2,280/month
Two Bedroom
$2,213/month
$2,982/month
Three Bedroom
$2,412/month
$4,092/month
Nearby City Rent Trends
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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.