Greater Andover, Massachusetts Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Greater Andover, Massachusetts rental market.
Greater Andover, Massachusetts
Average Apartment Rent
$2,772
Y-o-Y Change in Average
Apartment Rent
-2.1%
As of May 2026
Compared to a year ago, Greater Andover, Massachusetts apartments have recorded a -2.1% rent decrease.
Greater Andover, Massachusetts Average apartment rent trend
Greater Andover, Massachusetts Average Apartment Rent
Greater Andover, Massachusetts Apartment rent ranges
At 44.68%, apartments priced $2,500 - $3,000 represent the bulk of Greater Andover, Massachusetts rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 0.2%.
Greater Andover, Massachusetts Housing tenure**
Renters take up 28% of Greater Andover, Massachusetts real estate, occupying a total of 982 units, while homeowners live in 2,537 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$65,223
Average household size of renter-occupied housing units**
1.88
Rental vacancy rate**
3.1%
Greater Andover, Massachusetts Renter-occupied housing units by no. of bedrooms**
There are 458 rentals in Greater Andover, Massachusetts with 1 bed making up the highest share of the market, at 47%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 26 units. Overall, the median number of rooms in Greater Andover, Massachusetts homes for rent is 3.8.
Greater Andover, Massachusetts Renter-occupied units by age of householder**
Most condos for rent in Greater Andover, Massachusetts are occupied by residents in the 65 - 74 years age group (23%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Greater Andover, Massachusetts Renter-occupied housing units by family type**
Greater Andover, Massachusetts Renter-occupied housing units by the presence of own children**
A total of 364 apartments for rent in Greater Andover, Massachusetts, or 37% of all rentals are family households. Additionally, 17% of rental homes include children under the age of 18 – that’s 163 units. All in all, the median size of a renter-occupied household in Greater Andover, Massachusetts is 1.88.
Greater Andover, Massachusetts Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 46% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Greater Andover, Massachusetts.
Greater Andover, Massachusetts Renter-occupied units by year structure built**
The highest share of Greater Andover, Massachusetts apartment rentals, namely 59% or 582 units, were Built 1939 or earlier, followed by those Built 1960 - 1969 (12%, 122 units), and the ones Built 1950 - 1959 (8%, 83 units).
Greater Andover, Massachusetts Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Greater Andover, Massachusetts renters (42%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Greater Andover, Massachusetts condos for rent is 2015.
Greater Andover, Massachusetts Renter-occupied housing units by vehicles available**
When it comes to transportation options, 39% of Greater Andover, Massachusetts renters have 1 vehicle available per household, 24% of them have 2 vehicles available, and 21% have No vehicle available.
Greater Andover, Massachusetts Means of transportation to work of householders living in renter-occupied housing units**
Greater Andover, Massachusetts Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Greater Andover, Massachusetts apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
