Rental market snapshot for Lowell, Massachusetts

Lowell, Massachusetts Rental Property Market Overview

Lowell, Massachusetts is a city located in Middlesex County with a population of 113,994 as of 2021, according to the US Census. It is the fourth largest city in the state and is known for its rich industrial history. Lowell is home to a diverse population, with a variety of cultures and backgrounds represented. The city is also home to a number of educational institutions, including the University of Massachusetts Lowell, Middlesex Community College, and Lowell High School. There are many parks and recreational areas in the city, making it a great place to live and visit.

The average rent for an apartment in Lowell is $1,949. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -3.6% over the past year.

Last Updated January 31, 2023

Average monthly rent graph in Lowell Massachusetts | Cost of Living

  • The most expensive ZIP Code in Lowell is 01851 with an average price of $2,314
  • The cheapest ZIP Code in Lowell is 01850 with an average price of $1,650

Lowell ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
101851$2,314
201852$1,900

Live near Lowell, Massachusetts's Top Sights and Attractions

Callery Park is a large public park located in the heart of the city. It features a variety of recreational activities, including walking trails, a playground, a pond, and a picnic area. The park also has a large open grassy area, perfect for playing sports or having a picnic. The park is also home to a variety of wildlife, including ducks, geese, and other birds. The park is a great place to spend a day outdoors, enjoying the natural beauty of the area.

Lowell Heritage State Park is a beautiful outdoor destination located along the Merrimack River. Visitors can explore the historic canals, locks, and mills that were once part of the city's industrial past. The park also features a variety of walking trails, picnic areas, and a visitor center with interactive exhibits. In addition, the park is home to a variety of wildlife, including birds, turtles, and fish.

Mcpherson Park is a large, open green space located in Lowell, Massachusetts. It features a large pond, a playground, and plenty of walking paths. The park is also home to a variety of wildlife, including ducks, geese, and other birds. There are also several benches and picnic tables scattered throughout the park, making it a great spot for a relaxing afternoon.

Lofts At Perkins Park is a historic mill complex located along the Merrimack River in Lowell, Massachusetts. The complex consists of seven buildings, including a former cotton mill, a former power plant, and a former dye house. The buildings have been converted into loft-style apartments, offering modern amenities in a unique and historic setting. The complex also features a courtyard, a fitness center, and a community room. The lofts are located in the heart of Lowell, close to restaurants, shops, and other attractions.

Lowell Dracut Tyngsborough State Forest is a scenic outdoor destination located in the Merrimack Valley region of Massachusetts. It is a popular spot for hiking, biking, fishing, and camping. The forest is home to a variety of wildlife, including deer, beavers, and birds. The forest also features a number of trails, including a loop trail that takes visitors through a variety of habitats. Visitors can also explore the nearby ponds and streams, which are home to a variety of fish. The forest is a great spot for a peaceful day outdoors.

Shedd Park is a large, picturesque park located in a historic mill town. It features a variety of recreational activities, including a playground, basketball court, baseball field, and picnic area. There is also a large pond with a walking path around it, and a gazebo that overlooks the pond. The park is surrounded by lush trees and shrubs, making it a great spot for a peaceful stroll.

University Gallery at UMass Lowell is an art gallery located on the campus of a large university in Massachusetts. It features a variety of rotating exhibitions of contemporary art, including painting, sculpture, photography, and video. The gallery also hosts lectures, workshops, and other events related to the visual arts. The gallery is open to the public and admission is free.

Sheehy Park is a large outdoor recreational area located in the heart of a bustling city. It features a large pond, walking trails, and plenty of open green space. The park is home to a variety of wildlife, including ducks, geese, and other birds. There are also several playgrounds, picnic areas, and a basketball court. The park is a popular spot for locals to gather and enjoy the outdoors.

North Common is a large, open park located in the heart of the city. It features a large pond, walking trails, and plenty of green space for picnicking and relaxing. The park also has a playground, basketball court, and a gazebo. During the summer months, the park hosts outdoor concerts, festivals, and other events. The park is a great place to spend a day with family and friends, or just to take a peaceful stroll.

John J Janas Memorial Skating Rink is a popular outdoor ice skating rink located in a picturesque park setting. The rink offers a variety of activities for all ages, including public skating, hockey, figure skating, and broomball. The rink is open year-round and features a heated pavilion with a snack bar, arcade, and pro shop. The rink also hosts special events, such as birthday parties, group outings, and holiday celebrations.

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Lowell, Massachusetts area median rent change by ZIP Code map

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How does Lowell compare to other cities in Massachusetts ?

citymedian price
Acton$2,600
Hopkinton$3,134
Danvers$2,870
Worcester$1,946
Cambridge$3,400
Westford$2,650

Average household income in Lowell area graph - US Census

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The median household income in Lowell in 2021 was $62,196. This represents a 20.8% change from 2011 when the median was $51,471.

#categorypercent
0Less than $10,0007.7%
1$10,000 to $14,9997.0%
2$15,000 to $19,9994.7%
3$20,000 to $24,9994.9%
4$25,000 to $29,9993.5%
5$30,000 to $34,9993.6%
6$35,000 to $39,9993.3%
7$40,000 to $44,9994.4%
8$45,000 to $49,9993.0%
9$50,000 to $59,9996.4%
10$60,000 to $74,9998.9%
11$75,000 to $99,99915.0%
12$100,000 to $124,99910.2%
13$125,000 to $149,9995.5%
14$150,000 to $199,9996.9%
15$200,000 or more5.1%

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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