Last updated
Average Rent in Salem 01970 & Rent Trends
Rent prices and market trends across 3 apartment communities in Salem 01970, Lynn, MA. Updated daily.
Market Average
$3,347/mo
Lowest Available
$2,849/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
32
available now
Price Cuts This Week in Salem 01970
7 listed units across 3 buildings offering 2 bed units in Salem 01970 dropped their asking rent in the past 7 days, an average cut of $65/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Traders Row | Unit 16015 | $2,685 | $2,585 | $100 |
| Traders Row | Unit 16021 | $3,170 | $3,070 | $100 |
| Traders Row | Unit 1 | $2,685 | $2,585 | $100 |
| Hawthorne Commons | Unit 7, The Hawkins | $2,920 | $2,874 | $46 |
| Hawthorne Commons | Unit 8, The Harbor | $2,915 | $2,869 | $46 |
| Hawthorne Commons | Unit 9 | $2,894 | $2,849 | $45 |
| Lore | Unit 2514, 2A | $3,302 | $3,286 | $16 |
Salem 01970 vs Lynn, MA Average
Salem 01970 is more expensive than the Lynn, MA average by $384/mo (13%). The citywide average is $2,963/mo across all neighborhoods.
Is Rent Going Up or Down in Salem 01970?
As of August 2026, the average rent in Salem 01970 is $3,347 per month across 3 apartment communities and 32 available units.
The most affordable option is Hawthorne Commons starting at $2,849/mo. By unit type, a 2-bedroom averages $3,347/mo.
Prices range from $2,849 to $3,511 per month. The most common price point is the $3,400 range, where 19 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Salem 01970
Rent Prices by Apartment in Salem 01970
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Hawthorne Commons | $2,849/mo | $2,864/mo | 3 | 4 |
| Traders Row | $3,070/mo | $3,080/mo | 2 | 3.6 |
| Lore | $3,286/mo | $3,420/mo | 27 | 4.9 |
Frequently Asked Questions About Rent in Salem 01970
What is the average rent in Salem 01970?
Is rent going up or down in Salem 01970?
What is the cheapest apartment in Salem 01970?
How many apartments are available in Salem 01970?
What salary do I need to live comfortably in Salem 01970?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$134,000/year
Based on the 30 percent rule, using our tracked average rent of $3,347/mo.
Comfortable income
$161,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($2,849/mo), you need to earn at least $114,000/year.
Median household income in Salem 01970 is $74,715 , about 53% below the comfortable-living threshold.
Cost of living in Salem 01970
Overall prices in Salem 01970 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 Salem 01970's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $3,347 |
| Utilities | $637 |
| Groceries | $544 |
| Transportation | $1,520 |
| Healthcare | $741 |
| Other goods and services | $1,186 |
| Estimated total | $7,975/mo |
Population
100,905
Median household income
$74,715
Census median rent
$1,612/mo
Rent as % of income
33.9%
Median age
36.8
Mean commute
31 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.
Google Search Trends for Salem 01970 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Salem 01970 Apartments
Browse all 3 communities with daily-updated pricing and availability.