Lynn, MA Rental Market Trends
What is the average rent in Lynn?
The average rent for an apartment in Lynn is $1,706, a change amounting to approximately 0% compared to the previous year.
Average Rent in Lynn, MA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,706 | 0% | 766 sq. ft. |
What is the average apartment size in Lynn?
The average size for a Lynn, MA apartment is 766 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.
Lynn, MA Apartment Rent Ranges
- $701-$1,0007%
- $1,001-$1,50035%
- $1,501-$2,00042%
- > $2,00017%
Lynn, MA Occupied Housing Units
- Renter-occupied Households34%
- Owner-occupied Households65%
11,396 or 34% of the households in Lynn, MA are renter-occupied while 21,203 or 65% are owner-occupied.
Lynn, MA Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Apr / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Lynn, MA | $1,548 | $1,550 | $1,638 | $1,648 | $1,657 | $1,678 | $1,703 | $1,722 | $1,731 | $1,706 |
| National | $1,317 | $1,348 | $1,357 | $1,361 | $1,393 | $1,400 | $1,401 | $1,391 | $1,393 | $1,399 |
Average Rent in Lynn, MA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Lynnfield | $2,493 |
| Swampscott | $2,346 |
| Danvers | $2,275 |
| Andover Town | $2,240 |
| Peabody | $2,178 |
| Saugus | $2,167 |
| Salem | $2,097 |
| Georgetown | $2,069 |
| Salisbury Town | $2,055 |
| North Andover | $2,038 |
| Beverly | $1,997 |
| Gloucester | $1,734 |
| Methuen Town | $1,719 |
| Haverhill | $1,718 |
| Lawrence | $1,672 |
| Ipswich Town | $1,463 |
| Amesbury Town | $1,370 |
| Rowley Town | $1,345 |
| Rockport Town | $1,322 |
| Nahant | $1,303 |
What are the most affordable neighborhoods in Lynn?
The most affordable neighborhoods in Lynn are Nahant, where the average rent goes for $1,303/month, Rockport Town, where renters pay $1,322/mo on average, and Rowley Town, where the average rent goes for $1,345/mo. If you’re looking for other great deals, check out the listings from Amesbury Town ($1,370), Ipswich Town ($1,463), and Lawrence ($1,672), where the asking prices are below the average Lynn rent of $1,706/mo.
What are the most expensive neighborhoods in Lynn?
The most expensive neighborhoods in Lynn are Danvers ($2,275), Swampscott ($2,346) and Lynnfield ($2,493).
What are the most popular neighborhoods in Lynn?
The most popular neighborhood in Lynn is Salem, where there are 4 verified RENTCafé listings with an average rent of $2,097. Next up is Beverly, where apartments go for $1,997/month, followed by Haverhill with $1,718 If you’re looking to rent in Lynn’s most popular neighborhoods, make sure to also check out Peabody, where renters pay $2,178 on average, and Lawrence, where the average monthly rent is $1,672.
Lynn | Rent Comparison by Neighborhood
Rent in Amesbury Town is 39% lower than in Andover Town
Amesbury Town rent is 20% lower than Lynn average
| Average Rent | $1,370 |
|---|
Andover Town rent is 31% higher than Lynn average
| Average Rent | $2,240 |
|---|
How Lynn Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Boston | $3,057 | -11% |
| Worcester | $1,445 | 4% |
| Cambridge | $2,911 | -8% |
| Quincy | $2,197 | -4% |
| Brookline | $2,821 | -9% |
| Weymouth Town | $1,984 | 4% |
| Lowell | $1,731 | 3% |
| Waltham | $2,373 | -4% |
| Somerville | $2,775 | -6% |
| Woburn | $1,959 | -7% |
| Lynn | $1,706 | n/a |