Last updated
Average Rent in Lawrence 01840 & Rent Trends
Rent prices and market trends across 2 apartment communities in Lawrence 01840, Lawrence, MA. Updated daily.
Market Average
$2,358/mo
Lowest Available
$1,795/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
39
available now
Lawrence 01840 vs Lawrence, MA Average
Lawrence 01840 is cheaper the Lawrence, MA average by $141/mo (6%). The citywide average is $2,499/mo across all neighborhoods.
Is Rent Going Up or Down in Lawrence 01840?
As of July 2026, the average rent in Lawrence 01840 is $2,358 per month across 2 apartment communities and 39 available units.
The most affordable option is Pacific Mill Lofts starting at $1,795/mo. By unit type, a studio averages $2,048/mo, a 1-bedroom averages $2,186/mo, a 2-bedroom averages $2,619/mo, a 3-bedroom averages $3,005/mo.
Prices range from $1,795 to $3,795 per month. The most common price point is the $2,200 range, where 12 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Lawrence 01840
Rent Prices by Apartment in Lawrence 01840
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Pacific Mill Lofts | $1,795/mo | $2,376/mo | 9 | 4.1 |
| Washington Mill | $1,867/mo | $2,352/mo | 30 | 4.1 |
Google Search Trends for Lawrence 01840 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Lawrence 01840
What is the average rent in Lawrence 01840?
Is rent going up or down in Lawrence 01840?
What is the cheapest apartment in Lawrence 01840?
How much is a 1-bedroom apartment in Lawrence 01840?
How many apartments are available in Lawrence 01840?
What salary do I need to live comfortably in Lawrence 01840?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$94,000/year
Based on the 30 percent rule, using our tracked average rent of $2,358/mo.
Comfortable income
$113,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,795/mo), you need to earn at least $72,000/year.
Median household income in Lawrence 01840 is $57,903 , about 49% below the comfortable-living threshold.
Cost of living in Lawrence 01840
Overall prices in Lawrence 01840 runs above the national average by about 10% (BEA Regional Price Parity index 110.4, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Lawrence 01840's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,358 |
| Utilities | $637 |
| Groceries | $544 |
| Transportation | $1,520 |
| Healthcare | $741 |
| Other goods and services | $1,186 |
| Estimated total | $6,986/mo |
Population
88,297
Median household income
$57,903
Census median rent
$1,569/mo
Rent as % of income
34.6%
Median age
32.6
Mean commute
23 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Lawrence 01840 Apartments
Browse all 2 communities with daily-updated pricing and availability.