Average Rent in Lynn, MA

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Current Versus Historical Lynn, MA Rents

Lynn rentals average $1,595 for a studio rental to $2,850 for a 3-bedroom rental. The median price of all currently available listings is $1,950, or roughly $3 per square feet.

For the apartment units and housing in November 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $278 (21.14%) year-over-year from $1,317 to $1,595. 1-bedroom rentals prices have decreased by $61 (-2.98%) year-over-year from $2,041 to $1,980. 2-bedroom rentals prices have increased by $50 (2.13%) year-over-year from $2,350 to $2,400. 3-bedroom rentals prices have increased by $367 (13.92%) year-over-year from $2,633 to $3,000. 4-bedroom rentals prices have increased by $800 (25.00%) year-over-year from $3,200 to $4,000. 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 1.24% this month. 1-bedroom rents have gone down by 0.59% this month. 2-bedroom rents have gone up by 1.41% this month. 3-bedroom rents have gone down by 2.17% this month. 4-bedroom rents have gone up by 1.27% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.75	$1,595	$1,317 (21.14%)	$1,394 (14.44%)
1 BR	$2.75	$1,980	$2,041 (-2.98%)	$1,883 (5.13%)
2 BR	$2.59	$2,400	$2,350 (2.13%)	$1,808 (32.72%)
3 BR	$2.28	$3,000	$2,633 (13.92%)	$1,925 (55.84%)

Historical Rents in Lynn, MA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Lynn

There are a total of 6 cities nearby Lynn. The average rent in Lynn is currently $3,000 per month. Our records show that Revere, MA, with an average rent of $2,500, is the most affordable city nearby. In contrast, the most expensive city near Lynn, MA is Cambridge, MA. Monthly rents here are on average $3,500 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 3.45% more affordable than other cities nearby. One bedrooms are about 22.69% more affordable. Two bedrooms in Lynn, MA are about 17.71% more affordable. Finally, rent for three bedrooms are about 14.04% more affordable. Want more information? Check out the top 6 cities near Lynn, MA in the following chart.

City	Studio	1 Bed	2 Bed	All
Revere, MA	$1,650	$2,300	$2,800	$2,500
Malden, MA	N/A	$2,200	$2,850	$2,800
Salem, MA	$1,275	$1,895	$2,725	$2,800
Medford, MA	$1,650	$2,900	$2,725	$3,200
Somerville, MA	$2,330	$2,485	$3,200	$3,275
Cambridge, MA	$2,700	$3,100	$3,565	$3,500

Top Neighborhoods Near Lynn

There are a total of 3 neighborhoods in or near Lynn. Some of these neighborhoods include West End, East Cambridge, and North End. We've included all of these top 3 neighborhoods in or near Lynn, MA in the following chart.

The average rent for these 3 neighborhoods in or near Lynn, MA is currently around $3,695 per month. Meaning, only three neighborhoods have a higher average rent than $3,695. Interestingly, the neighborhoods' average rent is higher than Lynn's average rent, which is only $1,950. Out of all the neighborhoods in or near Lynn, West End has the most affordable average rent at $3,586 per month. Whereas, at $3,695 average rent per month, North End is the most expensive neighborhood in or near Lynn. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
West End, Boston, MA	$2,783	$3,480	$4,770	$3,586
East Cambridge, Cambridge, MA	$3,180	$3,473	$3,900	$3,695
North End, Boston, MA	N/A	$2,800	$4,300	$3,695

Top Counties Near Lynn

There are a total of 3 counties located by Lynn, MA. Some of these counties include Lynn, MA, Revere, MA, and Malden, MA. The average rent for rentals in these counties is $2,800. That's roughly around $3 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Lynn, MA. It's average rent per month is $1,950. Vice versa, with an average rent of $3,500, Cambridge, MA is the most expensive county by Lynn, MA.

Typically, rent for studios in Lynn, MA is 3.45% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Lynn, MA is 17.95% more affordable than other counties nearby. Finally, rent for two bedrooms in Lynn, MA is 16.67% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Lynn, MA	$1,595	$1,950	$2,400	$1,950
Revere, MA	$1,650	$2,300	$2,800	$2,500
Malden, MA	N/A	$2,200	$2,850	$2,800
Salem, MA	$1,275	$1,895	$2,725	$2,800
Medford, MA	$1,650	$2,900	$2,725	$3,200
Somerville, MA	$2,330	$2,485	$3,200	$3,275
Cambridge, MA	$2,700	$3,100	$3,565	$3,500

Top Zipcodes Near Lynn

There is one zipcode in or near Lynn, MA. The average rent for this zipcode is $2,800.

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

Zipcode	Studio	1 Bed	2 Bed	All
02128, Boston, MA	$2,200	$2,525	$2,950	$2,800

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 $1,950. 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 $1,595 and an average price per square feet of $3.75. There are a total of 34 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 $1,950 and an average price per square feet of $2.75. There are a total of 25 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 $2,400 and an average price per square feet of $2.59. There are a total of 29 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 0.21%, one bedroom rental prices have changed by -0.03%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by 0.14% year-over-year.

What is a reasonable rent price in Lynn, MA?

A reasonable rent price in Lynn, MA is around $1,560/month. You can search for these reasonably priced rental listings on RentHop.