Average Rent in Lynn, MA

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Current Versus Historical Lynn, MA Rents

Lynn rentals average $1,650 for a studio rental to $4,000 for a 4-bedroom rental. The median price of all currently available listings is $2,478, or roughly $3 per square feet.

For the apartment units and housing in July 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $17 (-1.00%) year-over-year from $1,667 to $1,650. 1-bedroom rentals prices have increased by $248 (12.69%) year-over-year from $1,950 to $2,198. 2-bedroom rentals prices have increased by $167 (7.14%) year-over-year from $2,333 to $2,500. 3-bedroom rentals prices have increased by $433 (15.95%) year-over-year from $2,717 to $3,150. 4-bedroom rentals prices have increased by $683 (20.76%) year-over-year from $3,292 to $3,975. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 5.71% this month. 1-bedroom rents have gone up by 1.85% this month. 2-bedroom rents have gone down by 0.66% this month. 3-bedroom rents have gone up by 1.07% this month. 4-bedroom rents have gone up by 2.14% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$0.19	$1,650	$1,667 (-1.00%)	$1,200 (37.50%)
1 BR	$3.69	$2,198	$1,950 (12.69%)	$1,696 (29.58%)
2 BR	$2.54	$2,500	$2,333 (7.14%)	$1,858 (34.53%)
3 BR	$2.37	$3,150	$2,717 (15.95%)	$2,544 (23.80%)
4+ BR	$3.08	$3,975	$3,292 (20.76%)	$2,467 (61.15%)

Historical Rents in Lynn, MA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Lynn

There are a total of 7 cities nearby Lynn. The average rent in Lynn is currently $2,800 per month. Only one city nearby has an average rent lower than that. Our records show that Revere, MA, with an average rent of $2,400, is the most affordable city nearby. In contrast, the most expensive city near Lynn, MA is Somerville, MA. Monthly rents here are on average $3,630 per month.

Let's compare Lynn, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Lynn, MA is 1.52% more affordable than other cities nearby. One bedrooms are about 9.15% more expensive. Two bedrooms in Lynn, MA are about 16.00% more affordable. Finally, rent for three bedrooms are about 6.43% more expensive. Want more information? Check out the top 7 cities near Lynn, MA in the following chart.

City	Studio	1 Bed	2 Bed	All
Revere, MA	$1,800	$2,150	$2,575	$2,400
Chelsea, MA	$1,675	$1,950	$2,900	$2,695
Everett, MA	N/A	$2,125	$2,800	$2,750
Malden, MA	N/A	$2,175	$2,800	$2,800
Medford, MA	$1,163	$2,300	$3,000	$3,500
Cambridge, MA	$2,765	$3,017	$3,785	$3,600
Somerville, MA	$2,050	$2,758	$3,398	$3,630

Top Neighborhoods Near Lynn

There are a total of 5 neighborhoods in or near Lynn. Some of these neighborhoods include Central Maverick Square - Paris Street, Mid-Cambridge, and West End. We've included all of these top 5 neighborhoods in or near Lynn, MA in the following chart.

The average rent for these 5 neighborhoods in or near Lynn, MA is currently around $3,460 per month. Meaning, only five neighborhoods have a higher average rent than $3,460. Interestingly, the neighborhoods' average rent is higher than Lynn's average rent, which is only $2,478. Out of all the neighborhoods in or near Lynn, Central Maverick Square - Paris Street has the most affordable average rent at $3,000 per month. Whereas, at $3,748 average rent per month, East Cambridge is the most expensive neighborhood in or near Lynn. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Central Maverick Square - Paris Street, Boston, MA	N/A	$2,700	$3,400	$3,000
Mid-Cambridge, Cambridge, MA	$2,525	$2,800	$3,925	$3,340
West End, Boston, MA	$2,905	$3,400	$4,865	$3,460
North End, Boston, MA	$2,450	$3,165	$4,500	$3,575
East Cambridge, Cambridge, MA	$2,995	$3,500	$4,273	$3,748

Top Counties Near Lynn

There are a total of 5 counties located by Lynn, MA. Some of these counties include Revere, MA, Lynn, MA, and Chelsea, MA. The average rent for rentals in these counties is $2,775. That's roughly around $3 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Revere, MA. It's average rent per month is $2,400. Vice versa, with an average rent of $3,630, Somerville, MA is the most expensive county by Lynn, MA.

Typically, rent for studios in Lynn, MA is 0.76% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Lynn, MA is 6.54% more expensive than other counties nearby. Finally, rent for two bedrooms in Lynn, MA is 14.00% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Revere, MA	$1,800	$2,150	$2,575	$2,400
Lynn, MA	$1,650	$2,394	$2,500	$2,478
Chelsea, MA	$1,675	$1,950	$2,900	$2,695
Everett, MA	N/A	$2,125	$2,800	$2,750
Malden, MA	N/A	$2,175	$2,800	$2,800
Medford, MA	$1,163	$2,300	$3,000	$3,500
Cambridge, MA	$2,765	$3,017	$3,785	$3,600
Somerville, MA	$2,050	$2,758	$3,398	$3,630

Top Zipcodes Near Lynn

There are a total of 15 zipcodes in or near Lynn, MA. The average rent for all of these zipcodes is $3,500.

The following chart includes the top 10 zipcodes in Lynn, MA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
02142, Cambridge, MA	$3,015	$3,702	$4,417	$3,910
02128, Boston, MA	$2,345	$2,550	$3,350	$3,150
02139, Cambridge, MA	$2,400	$2,800	$3,800	$3,800
02141, Cambridge, MA	$2,972	$3,478	$3,800	$3,630
02155, Medford, MA	$1,163	$2,300	$3,000	$3,500
02109, Boston, MA	$2,850	$3,335	$4,375	$3,548
02145, Somerville, MA	$2,050	$2,700	$3,175	$3,397
02129, Boston, MA	$2,425	$2,904	$3,975	$3,500
02113, Boston, MA	$2,400	$2,900	$4,400	$3,550
02143, Somerville, MA	$2,300	$3,188	$3,500	$3,500

Frequently Asked Questions - Lynn Average Rents

What is the average rent price in Lynn, MA?

The average monthly rental price for Lynn, MA apartments for rent is approximately $2,478. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Lynn, MA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Lynn, MA.

How much is a studio apartment in Lynn, MA?

The average monthly rental price for studio apartments is $1,650 and an average price per square feet of $0.19. There are a total of 14 studio apartment listings currently available for rent in Lynn.

How much is a one bedroom apartment in Lynn, MA?

The average monthly rental price for one bedroom apartments is $2,394 and an average price per square feet of $3.69. There are a total of 12 one bedroom apartment listings currently available for rent in Lynn.

How much is a two bedroom apartment in Lynn, MA?

The average monthly rental price for two bedroom apartments is $2,500 and an average price per square feet of $2.54. There are a total of 18 two bedroom apartment listings currently available for rent in Lynn.

How have rent prices in Lynn, MA changed this year?

Rent prices for rentals in Lynn, MA can fluctuate yearly. Specifically, studio rental prices have changed by -0.01%, one bedroom rental prices have changed by 0.13%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by 0.16% year-over-year.

What is a reasonable rent price in Lynn, MA?

A reasonable rent price in Lynn, MA is around $1,982/month. You can search for these reasonably priced rental listings on RentHop.