Median rent for residential apartments in as of May, 2020.
Be informed, make custom offers based only on median rent prices. But keep in mind, that price depends on size/amenities of the apartment.
16 Lowell, MA, USA apartments for rent
Lowell
Lowell, MA has a population of 109,871, including 50% white, 21% asian, and 20% latino.
| Population | 109,871 |
| Median Age | 32.9 |
| Poverty Rate | 21% |
| Median Income (Household) | $46,972 |
| Number Of Employees | 52,205 |
| Median Property Value | $234,100 |
City Overview
The median household income in Lowell, MA is around $46,972, while the median age is 32.9. This city is a home to major universities: University of Massachusetts-Lowell, Doctoral Universities, and Doctoral Universities: Higher Research Activity. 52,205 employees work in Lowell, MA. The homeownership rate among the residents is 42.04%. The median property value that you should keep in mind is $234,100.
Business & Economy
Wage by Common Jobs
Average salary: $39,656
- 1. Elementary & middle school teachers$54,694
- 2. Retail salespersons$46,261
- 3. Secretaries & administrative assistants$39,940
- 4. Nursing, psychiatric, & home health aides$32,558
- 5. Cashiers$24,826
Employment by Occupations
Numbers claim that the employment rate in Lowell, MA changed by 2%, so let’s see what are the most common job groups in this area. People of Lowell, MA prefer to work in Administrative, Production and Sales.
| Farming, Fishing, & Forestry | 0% |
| Fire Fighting Supervisors | 1% |
| Legal | 1% |
| Life, Physical, & Social Science | 1% |
| Law Enforcement Supervisors | 1% |
| Arts & Recreation | 2% |
| Community & Social Service | 2% |
| Health Practitioners | 2% |
| Health Technicians | 2% |
| Material Moving | 2% |
| Architecture & Engineering | 2% |
| Installation, Maintenance, & Repair | 3% |
| Computer & Mathematical | 3% |
| Transportation | 3% |
| Business & Financial Operations | 4% |
| Healthcare Support | 4% |
| Cleaning & Maintenance | 5% |
| Personal Care & Service | 5% |
| Construction & Extraction | 5% |
| Education, Training, & Library | 6% |
| Management | 6% |
| Food & Serving | 7% |
| Sales | 8% |
| Production | 11% |
| Administrative | 13% |
Employment by Industries
Keeping in mind that the employment rate changed by 2% recently, there must be a strong understanding of industries people of Lowell, MA work in. The most common industries are Healthcare & Social Assistance, Manufacturing and Retail trade. Please note that not all the residents of Lowell, MA work in the area and may be employed outside of the city. Our data is tagged to their residential address, not the work address.
| Management of Companies & Enterprises | 0% |
| Agriculture, Forestry, Fishing, Hunting | 0% |
| Utilities | 0% |
| Real Estate, Rental & Leasing | 1% |
| Arts, Entertainment, Recreation | 1% |
| Information | 2% |
| Wholesale trade | 2% |
| Finance & Insurance | 3% |
| Transportation & Warehousing | 4% |
| Public Admin. | 4% |
| Other services, except public administration | 4% |
| Construction | 5% |
| Admin., Support, Waste Management Services | 5% |
| Professional, Scientific, Tech Services | 6% |
| Accommodation & Food Service | 9% |
| Educational Services | 9% |
| Retail trade | 10% |
| Manufacturing | 16% |
| Healthcare & Social Assistance | 17% |
Demographics
Race & Ethnicity
According to latest census, Lowell, MA is a home for 50% white residents. The second common group is asian with 21% residents. The list of the most common racial or ethnic groups is closed by latino with 20% residents.
Non-English Speakers
Education
Past year Lowell, MA universities awarded around 12,498 degrees. Statistics show that the population of students in Lowell, MA include 2,346 male students and 1,982 female students. Lowell, MA offers private and public tuition with a median cost of $13,932 for private four-year colleges and $0 for in-state public four-year colleges. The largest university of this city is the University of Massachusetts-Lowell with the majority of graduates. The Lincoln Technical Institute-Lowell and Lowell Academy Hairstyling Institute hold the second and the third place respectively. The share of the public colleges in Lowell, MA is 98.1% and 1.9% go to the private colleges.
Universities
- 1. University of Massachusetts-Lowell4,085 graduates
- 2. Lincoln Technical Institute-Lowell194 graduates
- 3. Lowell Academy Hairstyling Institute49 graduates
Public vs Private
- Public1.9%
- Private98.1%
Health and Safety
The age groups that most likely have the health care coverage in Lowell, MA are 25-34 years old for men and 25-34 years old for women. Lowell, MA offers a 128 primary care clinician to 1 patient ratio. Data records state that dentists ratio is 92 to 1, speaking of mental health doctors ratio, it’s 471 to 1 resident.
Clinician to Patient Ratios
| Primary Care | 1 to 128 |
| Dentists | 1 to 92 |
| Mental Health | 1 to 471 |
| Other | 1 to 78 |
Transportation
Commute Time
Average travel time: 24.77 minutes
- USA
- Lowell, MA
Commuter Transportation
The workers of Lowell, MA traveled to their offices around 24.77 minutes lately and drove alone to get there. The rest of the residents carpooled and walked.
- USA
- Lowell, MA
Housing Trends
Lowell, MA, USA Housing Trends
Average rent in Lowell: $1,533 (+3.9%)
| Rent Price | May | vs Last Month |
|---|---|---|
| 1 bed apartments | $1,482 | +4.4% |
| 2 bed apartments | $1,560 | +2.9% |
| 3 bed apartments | $1,900 | +12.7% |
| 4+ bed apartments | $1,442 | +10% |
| Rent Type Price | May | vs Last Month |
|---|---|---|
| Apartment rentals | $1,530 | +3.8% |
| Loft rentals | $1,600 | +2% |
Over the May 2020, the average rent for an apartment in/near Lowell, MA increased by 3.9% to $1,533. Breaking it down in details, we now see that the average price for 1-bed apartment increased by 4.4% to $1,482. Pricing for 2-bed apartment also increased by 2.9% and a place of this size will now cost you $1,560. 3-bed apartment rent pricing starts at $1,900, it increased by 12.7% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 10% and made it up to $1,442.
The median rent for an apartment in Lowell, MA increased by 3.8% to $1,530. The median rent for a loft faced changes as well, it increased by 2%, the price tag now starts at$1,600.
Rent vs Own
- Rent42%
- Own58%
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