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Studio Apartment for Rent in Methuen, MA

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    Starting at $1,400 Plus Fees

    • Studio - 2 Beds

    10 Washington St, Methuen, MA 01844

    Hamilton Park

    (978) 416-5498

    10 Washington St, Methuen, MA 01844

Why Live in Methuen

Methuen, Massachusetts, is a growing Merrimack Valley community with deep industrial roots and a modern focus on economic development and infrastructure. Once a mill town along the Merrimack River, it has shifted toward a business-friendly environment with tax incentives for companies and a steady job market supported by employers like Holy Family Hospital, The Loop, Market Basket, New Balance, and Heavenly Donuts. Housing ranges from early 1900s homes to newer condominiums and townhouses, with three main sections: a denser downtown with more multi-family buildings, and the East End and West End, where single-family homes are more common and some West End properties sit along the water. Methuen Public Schools have a solid overall rating, and the district’s K–8 academies feed into a single high school, while several private religious schools and nearby colleges within 22 miles expand education options. Outdoor attractions include miles of forest trails, the 55-acre Forest Lake for swimming and fishing, Greycourt State Park with its historic estate and festivals, and the Methuen Rail Trail connecting to neighboring communities. Retail and entertainment center around The Loop’s shops, restaurants, and movie theater, Jay Gee’s Ice Cream and Fun Center, and historic sites in the Searles Tenney Nevins Historic District. Annual events like Methuen Day and the Methuen Festival of Trees draw residents together, while regional transit, nearby airports, and local healthcare facilities add convenience, even as frequent rain, snow, and humidity require attention to flooding and home maintenance.

Frequently Asked Questions

How much does it cost to rent a home in Methuen, MA?
The median rent for a home in Methuen, MA is $2,500 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Methuen, MA?
To comfortably afford the median rent in Methuen, MA, a household needs to earn roughly $100,000 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 $2,500 per month in Methuen, MA, renters typically need to show $7,500 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 Methuen, MA?
In Methuen, MA, the price-to-rent ratio is 19.7, 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 Home Trends in Methuen, MA

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$2,500
Median Single Family Home Rent
$3,290
Median Townhouse Rent
$2,650
Median Condo Rent
$2,200
How to Rent a Home