Median rent for residential in as of Apr, 2022.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
103 Lowell, MA, USA apartments for rent
Lowell
Lowell, MA has a population of 110,964, while the median age is 33. The household income in Lowell, MA is around $48,581. The homeownership rate among the residents is 42%. The median residential property value in Lowell, MA that you should keep in mind is $240,500.
| Population | 110,964 |
| Median Age | 33.3 |
| Poverty Rate | 22% |
| Household Income | $48,581 |
| Number Of Employees | 53,075 |
| Median Property Value | $240,500 |
Business & Economy
Wage by Common Jobs
Average salary in Lowell, MA: $67,766
- 1. Miscellaneous managers$114,857
- 2. Software developers, applications & systems software$112,829
- 3. Postsecondary teachers$89,187
- 4. Registered nurses$83,064
- 5. Firstline supervisors of retail sales workers$64,171
Highest Paid Occupations
Numbers claim that the highest paid jobs in Lowell, MA are Legal Occupations, Computer & Mathematical Occupations, Architecture & Engineering Occupations, Computer, Engineering, Science Occupations and Management Occupations.
Highest Paid Industries
Keeping in mind that the employment rate changed by 1% recently, there must be a strong understanding of industries people of Lowell, MA work in. The highest paid industries are Professional, Scientific, Technical Services, Real Estate & Rental & Leasing, Information, Public Administration and Finance & Insurance, Real Estate & Rental & Leasing.
Demographics
Race & Ethnicity
According to latest census, Lowell, MA is a home for 61% 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 8% residents.
Non-English Speakers
Education
Past year Lowell, MA universities awarded around 481,000 degrees. Statistics show that the population of students in Lowell, MA includes 240,500 female students and 240,500 male students. Lowell, MA offers private and public tuition with a median cost of $n/a for private four-year colleges and $31,415 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 96 and 4 go to the private colleges.
Universities
- 1. University of Massachusetts-Lowell4,328 graduates
- 2. Lincoln Technical Institute-Lowell142 graduates
- 3. Lowell Academy Hairstyling Institute57 graduates
Public vs Private
Health and Safety
Primary care physicians in Lowell, MA see an average of 788 patients, dentists 1,052 patients, metal health providers 202 patients, and other healthcare providers 1,183 patients per year.
Transportation
Commute Time
Average travel time: 24.97 minutes
Commuter Transportation
Citizens of Lowell, MA travel to their offices around 25 minutes lately and drove alone to get there. The rest of the residents carpooled and walked.
Housing Trends
How much is an apartment in Lowell, MA, USA
Average rent in Lowell: $2,014 (-1.4%)
| Rent Price | Apr | vs Last Month |
|---|---|---|
| 1 bed rentals | $1,625 | -3% |
| 2 bed rentals | $1,720 | +2.3% |
| 3 bed rentals | $2,266 | +1.5% |
| 4+ bed rentals | $3,544 | +1.5% |
Over the Apr 2022, the average rent for an apartment in/near Lowell, MA decreased by 1.4% to $2,014.
Breaking it down in details, we now see that the average price for 1-bed apartment stands at $1,625 with no changes this month. Pricing for 2-bed apartment remains the same, a place of this size will still cost you $1,720. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for $2,266. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $3,544 for a big-family home.
| Rent Type Price | Apr | vs Last Month |
|---|---|---|
| Apartment rentals | $1,994 | -1.4% |
| Room rentals | $962 | -3.8% |
| Condo rentals | $3,275 | +40.6% |
| House rentals | $2,331 | -24.8% |
Looking at the median rent price for an apartment in Lowell, MA, you can note that it remains flat with a price tag of $1,994. The median rent for a house is still $2,331 with no significant changes this month. Condo for rent is now available for the same pricing as previously — $3,275. If you’re looking for a room, the price tag still starts at $962. The median price did not change this time.
Rent vs Own
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