Pacific Mill Lofts
300 Canal St,
Lawrence, MA 01840
Studio - 3 Beds | $1,795 - $3,795
Rental Market Trends in Lawrence, MA
Updated July 2026
The average rent in Lawrence, MA is $1,968/month.
Rent in Lawrence is 18% higher than the national average rent of $1,663/month, making this one of the more expensive cities statewide.
$1,968/month
Average Rent
777 Sq Ft
Average Size
+2%
Change / Year
380
Available Apartments
Lawrence rent varies by unit size and layout:
- Studio apartments in Lawrence average $1,858 per month.
- One-bedroom apartments in Lawrence average $1,968 per month.
- Two-bedroom apartments in Lawrence average $2,358 per month.
- Three-bedroom apartments in Lawrence average $2,582 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Lawrence, MA?
In the past year, rent has increased by 2%, which averages out to $41 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Lawrence, MA
July 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
3%
$700 - $1,000/month
20%
$1,001 - $1,500/month
31%
$1,501 - $2,000/month
43%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Lawrence?
Based on current rent prices, North Common, Downtown Lawrence and South Lawrence are the most affordable neighborhoods in Lawrence.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Lawrence?
Based on current rent prices, South Lawrence, Downtown Lawrence and North Common are the most expensive neighborhoods in Lawrence.
Neighborhood
Average Rent
Average Sq Ft
Which Lawrence neighborhoods have the most rentals available?
The neighborhoods in Lawrence with the most apartments available are South Lawrence, North Common and Downtown Lawrence .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lawrence, MA?
Because the average rent in Lawrence is $1,968, you’ll want to make about $6,560 per month or $78,720 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Lawrence, MA compare to other nearby cities and neighborhoods?
Use the tool below to compare Lawrence, MA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Lawrence Area GuideStudio
$1,907/month
$1,856/month
One Bedroom
$1,897/month
$2,093/month
Two Bedroom
$2,416/month
$2,431/month
Three Bedroom
$2,895/month
$2,416/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Lawrence We Think You'll Love
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Frequently Asked Questions
What is the average rent in Lawrence?
The average rent in Lawrence is $1,968 per month, which is 18.3% higher than the national average of $1,663.
What is the average rent for a condo in Lawrence?
The average rent for a condo in Lawrence, MA is $1,735 per month.
Are rents going up or down in Lawrence?
Rents in Lawrence, MA are increasing, with prices up 2.0% year-over-year and $41 more per month.
What rent range is most common in Lawrence?
In Lawrence, MA, 43% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.