10

Studio Apartments for Rent in Lawrence, MA

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    Starting at $1,795 Plus Fees

    • Studio - 3 Beds

    300 Canal St, Lawrence, MA 01840

    This beautifully renovated historic mill is now home to the Pacific Mill Lofts, a stunning pet-friendly apartment rental community featuring 1, 2 and 3 bedroom lofts with sleek, modern kitchens, in-home washer/dryers, central air and off-street parking. Residents also enjoy an assortment of tastefully appointed on-site amenities, including fitness center, game room, theatre, Wifi lounge,

    Pacific Mill Lofts

    (978) 228-2974

    300 Canal St, Lawrence, MA 01840
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    Starting at $1,867

    Total Monthly Price

    • Studio - 2 Beds

    240 Canal St, Lawrence, MA 01840

    At Washington Mill, nestled in Lawrence's vibrant Mill District, we've transformed a historic mill into loft-style apartments that are anything but ordinary. Live amidst exposed brick walls, original wood beams, and soaring ceilings that tell a story of industrial elegance.- Unique Character: Oversized windows flood your space with natural light and offer stunning Merrimack River views.- Vibrant

    Washington Mill

    (978) 691-1311

    240 Canal St, Lawrence, MA 01840
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    Starting at $2,075 Plus Fees

    • Studio - 3 Beds

    1 S Union St, Lawrence, MA 01843

    Proudly introducing Riverwalk Apartments, a community full of character and charm. Our Lawrence, MA, apartments are built to inspire, and this shows as much in their timeless style as it does in their versatile floor plans and lifestyle-oriented amenities. Best of all, they are part of the thriving live-work-play hub known as the Riverwalk Innovation District, which puts exciting shopping,

    Riverwalk Apartments

    (978) 747-5543

    1 S Union St, Lawrence, MA 01843
  • /40

    Starting at $1,650 Plus Fees

    • Studio - 2 Beds

    479 S South B, Lawrence, MA 01843

    Simplify your life, ease your commute, and make yourself at home! If you enjoy cooking, you'll love using our brand new 5-burner stoves. Other amenities include online guest services, card-operated gates and doors as well as on-site laundry facilities. A thoughtfully designed property coupled with careful property management and consistently good service ensures comfort in your Apartment in

    Princeton at Mount Vernon

    (978) 234-2240

    479 S South B, Lawrence, MA 01843
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    $1,550

    Total Monthly Price

    • Studio
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    90 Sutton St Unit 3B, North Andover, MA 01845

    North Andover $1550, Available July 1. Studio, 1 bathroom, 500 sq. Ft Heat, hot water and electricity are included. This studio apartment is located on the 2nd floor of a brick building. Living/bedroom combined, separate kitchen with refrigerator, disposal and electric range, new carpet, build in AC. Close to 495, shopping, and restaurants.Heat hot water and electricity

    90 Sutton St Unit 3B, North Andover, MA 01845

Why Live in Lawrence

Lawrence Heritage State Park showcases the city's rich industrial heritage along the Merrimack River, where visitors explore mill buildings and learn about the historic Bread and Roses Strike of 1912. The Essex Art Center features rotating exhibits from local artists, while Den Rock Park provides peaceful hiking trails within city limits. Residents enjoy authentic Mexican dishes at Cafe Azteca, traditional Italian fare at Salvatore's riverside location, and Dominican specialties at Pollo Tipico. The Canal Street Antique Mall attracts collectors searching for vintage treasures.

The housing market in Lawrence presents diverse options across several neighborhoods. Mount Vernon features single family homes with a median price of $560,000, while Colonial Heights shows a median of $585,000 for similar properties. Tower Hill and Arlington areas provide more affordable options, with median single family home prices of $463,500 and $455,000 respectively. One bedroom condos start at a median price of $145,000, while two bedroom units have a median price of $275,000.

Property taxes in Lawrence maintain a 1.07% effective rate, matching neighboring communities like Methuen and Andover. The Massachusetts state income tax rate is 5.00%, with a 6.25% sales tax rate.

The MBTA Commuter Rail's Haverhill Line connects Lawrence to Boston, approximately 25 miles south. Local MVRTA buses serve the community, and I-495 provides quick access to surrounding areas. Educational options include Saint Michael School, rated A+ by Niche, and Central Catholic High School, rated A. Northern Essex Community College maintains several facilities throughout the city, including the Dimitry Building and El-Hefni Allied Health Technology Center.

Frequently Asked Questions

How much does it cost to rent a home in Lawrence, MA?
The median rent for a home in Lawrence, MA is $2,295 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option while condos and townhouses are currently more expensive.
How much do you need to make to afford rent in Lawrence, MA?
To comfortably afford the median rent in Lawrence, MA, a household needs to earn roughly $91,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,295 per month in Lawrence, MA, renters typically need to show $6,885 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Lawrence, MA?
In Lawrence, MA, the price-to-rent ratio is 17.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Trends in Lawrence, MA

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$2,295
Median Single Family Home Rent
$1,000
Median Townhouse Rent
$2,600
Median Condo Rent
$2,400
How to Rent a Home