Riverwalk Lofts
250 Merrimack St,
Lawrence, MA 01843
1-2 Beds | $2,149 - $3,300
Rental Market Trends in North Andover, MA
What is the average rent in North Andover, MA?
$2,704/month
Average Rent
812 Sq Ft
Average Apartment Size
+4.6%
Increase in the Last Year
As of May 2025, the average rent in North Andover, MA is $2,704 per month. This is 66% higher than the national average rent price of $1,625/month, making North Andover one of the most expensive cities in the US. When you rent an apartment in North Andover, you can expect to pay about $2,331 per month for a studio, $2,704 for a one-bedroom apartment, and around $2,874 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,845 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in North Andover, MA?
In the past year, rent has increased by 4.6%, which averages out to $124 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated May 2025
Legend
2024
2025
Rent Ranges in North Andover, MA
Last Updated May 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
100%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in North Andover?
Based on current rent prices, Downtown North Andover and North Andover" are the most affordable neighborhoods in North Andover.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in North Andover?
Based on current rent prices, North Andover and Downtown North Andover" are the most expensive neighborhoods in North Andover.
Neighborhood
Average Rent
Average Sq Ft
Which North Andover neighborhoods have the most rentals available?
The neighborhoods in North Andover with the most apartments available are North Andover and Downtown North Andover" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in North Andover, MA?
Because the average rent in North Andover is $2,704, you’ll want to make about $9,013 per month or $108,156 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 North Andover, MA compare to other nearby cities and neighborhoods?
Use the tool below to compare North Andover, 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.
Studio
$2,358/month
$2,240/month
One Bedroom
$2,715/month
$2,702/month
Two Bedroom
$3,358/month
$2,820/month
Three Bedroom
$4,500/month
$3,689/month
Nearby City Rent Trends
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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 February 2025.
* Percentages may not total 100 due to rounding.