Lowell, 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 Lowell, Massachusetts rental market.
Lowell, Massachusetts
Average Apartment Rent
$2,317
Y-o-Y Change in Average
Apartment Rent
0.9%
As of May 2026
Compared to a year ago, Lowell, Massachusetts apartments have recorded a 0.9% rent increase.
Lowell, Massachusetts Average apartment rent trend
Lowell, Massachusetts Average Apartment Rent
Lowell, Massachusetts Apartment rent ranges
At 47.85%, apartments priced $2,000 - $2,500 represent the bulk of Lowell, Massachusetts rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.6%.
Lowell, Massachusetts Housing tenure**
Renters take up 57% of Lowell, Massachusetts real estate, occupying a total of 23,991 units, while homeowners live in 18,352 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$55,295
Average household size of renter-occupied housing units**
2.47
Rental vacancy rate**
2.5%
Lowell, Massachusetts Renter-occupied housing units by no. of bedrooms**
There are 10,519 rentals in Lowell, Massachusetts with 2 beds making up the highest share of the market, at 44%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 734 units. Overall, the median number of rooms in Lowell, Massachusetts homes for rent is 4.1.
Lowell, Massachusetts Renter-occupied units by age of householder**
Most condos for rent in Lowell, Massachusetts are occupied by residents in the 25 - 34 years age group (25%), followed by those in the 35 - 44 years age group (22%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Lowell, Massachusetts Renter-occupied housing units by family type**
Lowell, Massachusetts Renter-occupied housing units by the presence of own children**
A total of 12,311 apartments for rent in Lowell, Massachusetts, or 51% of all rentals are family households. Additionally, 33% of rental homes include children under the age of 18 – that’s 7,926 units. All in all, the median size of a renter-occupied household in Lowell, Massachusetts is 2.47.
Lowell, Massachusetts Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 27% of the rental market. In contrast, residents with less than a high school degree reside in 17% of the homes for rent in Lowell, Massachusetts.
Lowell, Massachusetts Renter-occupied units by year structure built**
The highest share of Lowell, Massachusetts apartment rentals, namely 43% or 10,278 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (13%, 3,025 units), and the ones Built 1960 - 1969 (10%, 2,447 units).
Lowell, Massachusetts Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Lowell, Massachusetts renters (48%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Lowell, Massachusetts condos for rent is 2016.
Lowell, Massachusetts Renter-occupied housing units by vehicles available**
When it comes to transportation options, 44% of Lowell, Massachusetts renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 22% have No vehicle available.
Lowell, Massachusetts Means of transportation to work of householders living in renter-occupied housing units**
Lowell, 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 Lowell, 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
