Lowell, MA Rental Market Trends

What is the average rent in Lowell?

The average rent for an apartment in Lowell is $2,226. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Lowell, MA

Last updated November 2024
Average Rent Average Apartment Size
$2,226 882 sq. ft.

What is the average apartment size in Lowell?

The average size for a Lowell, MA apartment is 882 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Lowell, MA apartment rent ranges

Lowell, MA Occupied Housing Units

23,991 or 57% of the households in Lowell, MA are renter-occupied while 18,352 or 43% are owner-occupied.

Lowell, MA rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Lowell, MA By Neighborhood

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What are the most affordable neighborhoods in Lowell?

The most affordable neighborhoods in Lowell are Centralville, where the average rent goes for $1,638/month, Highlands, where renters pay $1,862/mo on average, and Lower Highlands, where the average rent goes for $1,862/mo. If you’re looking for other great deals, check out the listings from Acre ($2,397), Pawtucketville ($2,397), and Downtown Lowell ($2,447), where the asking prices are below the average Lowell rent of $2,226/mo.

What are the most expensive neighborhoods in Lowell?

The most expensive neighborhoods in Lowell are Lower Belvidere ($2,455), Sacred Heart ($2,455) and South Lowell ($2,455).

What are the most popular neighborhoods in Lowell?

The most popular neighborhood in Lowell is Belvidere, where there are 2 listings with an average rent of $2,455. Next up is Centralville, where apartments go for $1,638/month, followed by Downtown Lowell with $2,447 If you’re looking to rent in Lowell’s most popular neighborhoods, make sure to also check out Highlands, where renters pay $1,862 on average, and Pawtucketville, where the average monthly rent is $2,397.

Lowell | Rent Comparison by Neighborhood

City
vs.

Rent in Acre is 2% lower than in Back Central

$2,397

Acre rent is 8% higher than Lowell average

Average Rent $2,397
$2,455

Back Central rent is 10% higher than Lowell average

Average Rent $2,455

How Lowell Compares to Other Cities

State Average Rent
Boston $3,935
Worcester $1,973
Cambridge $3,742
Fall River $1,980
Somerville $3,563
Quincy $2,781
Waltham $3,199
Salem $2,691
New Bedford $1,984
Lowell $2,226
Medford $3,328
Lawrence $2,180
Nashua $2,132
Melrose $3,070
Haverhill $2,199
Peabody $2,671
Woburn $2,817

What is the average price for a storage unit in Lowell?

The average rent for a non-climate-controlled 10'x10' storage unit in Lowell is $135. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.

Most Popular Apartments in Lowell

18 East Meadow Lane, Lowell, MA 01854
STUDIO $1,450
1 BED $1,699+
2 BEDS $1,975+

727 Princeton Boulevard, Lowell, MA 01851
STUDIO $1,425+
1 BED $1,644+
2 BEDS $1,999

11 Allen Street, Lowell, MA 01852
2 BEDS $2,099

1260 Westford Street, Lowell, MA 01851
1 BED $1,750
2 BEDS $1,850+
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