Rental market snapshot for Lawrence, Massachusetts

Lawrence, Massachusetts Rental Property Market Overview

The average rent for an apartment in Lawrence is $1,952. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 4.3% over the past year.

Lawrence, Massachusetts is a city in Essex County, Massachusetts, United States, on the Merrimack River. As of the 2010 census, the city had a population of 76,377, which had risen to an estimated 81,687 as of 2014. Surrounding communities include Methuen to the north, Andover to the southwest, and North Andover to the southeast. Lawrence and Salem were the county seats of Essex County, until the Commonwealth of Massachusetts abolished county government in 1999. Lawrence is part of the Merrimack Valley. Attractions in the city include the Lawrence Heritage State Park, the Merrimack Riverwalk, the Lawrence History Center, the New England Quilt Museum, and the Lawrence Public Library.

Last Updated December 23, 2022

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Average monthly rent graph in Lawrence Massachusetts | Cost of Living

  • The most expensive ZIP Code in Lawrence is 01843 with an average price of $2,330
  • The cheapest ZIP Code in Lawrence is 01843 with an average price of $1,715

Lawrence ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
101843$2,330
201840$2,155

Live near Lawrence, Massachusetts's Top Sights and Attractions

Plainsman Park is a historic baseball stadium located in Lawrence, Massachusetts. The stadium was built in 1908 and is the home of the Lawrence baseball team. The stadium has a capacity of 3,500 people and is one of the oldest baseball stadiums in the United States.

Lawrence Riverfront State Park is a state park located in Lawrence, Massachusetts. The park is situated along the Merrimack River, and features a variety of amenities including a playground, picnic area, walking trails, and a boat launch.

Oneill Park is a public park located in Lawrence, Massachusetts. The park features a playground, picnic area, and walking trails.

Sullivan Park is a large park located in Lawrence, Massachusetts. The park features a playground, a basketball court, a picnic area, and a walking trail.

Mullaney Park is a public park located in Lawrence, Massachusetts. The park features a playground, a basketball court, a picnic area, and a walking trail.

Oconnell South Common is a beautiful park located in the heart of Lawrence, Massachusetts. The park is home to a variety of trees, flowers, and shrubs, as well as a playground, picnic area, and walking trails. The park is a popular destination for families and friends to gather and enjoy the outdoors.

The Lieutenant Colonel Edward J Higgins Memorial Swimming Pool is a public swimming pool located in Lawrence, Massachusetts. The pool is open to the public from Memorial Day to Labor Day, and features a diving board, lap lanes, and a wading pool.

Cronin Park is a public park located in Lawrence, Massachusetts. The park is situated on the banks of the Merrimack River and features a playground, picnic area, walking trails, and a fishing pier.

Lawrence, Massachusetts area median rent change by ZIP Code map

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How does Lawrence compare to other cities in Massachusetts ?

citymedian price
Newton$3,775
Winthrop$2,850
Quincy$2,766
Stoneham$3,001
Dorchester Center$2,800
Watertown$2,800
New Bedford$1,550
East Weymouth$1,900
Boxborough$1,365

Average household income in Lawrence area graph - US Census

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The median household income in Lawrence in 2021 was $45,045. This represents a 43.1% change from 2011 when the median was $31,478.

#categorypercent
0Less than $10,0009.4%
1$10,000 to $14,99910.3%
2$15,000 to $19,9994.2%
3$20,000 to $24,9994.8%
4$25,000 to $29,9994.9%
5$30,000 to $34,9995.1%
6$35,000 to $39,9995.5%
7$40,000 to $44,9995.7%
8$45,000 to $49,9994.8%
9$50,000 to $59,9997.0%
10$60,000 to $74,9999.8%
11$75,000 to $99,99912.2%
12$100,000 to $124,9996.4%
13$125,000 to $149,9992.7%
14$150,000 to $199,9994.9%
15$200,000 or more2.2%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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