Cheap Apartments for Rent in the Prospect Hill Neighborhood of Lawrence, MA from $900 (30 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Prospect Hill area of Lawrence.

property at 229 Jackson St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 1 Bath Home for Rent

Available Now

229 Jackson St

LawrenceMA01841
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Pac10 Lofts
$1,895 - $2,095
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,895 - $2,095

Total Monthly Price
$1,895 - $2,095
1 to 3 Bedroom Apartments Available Now

Pac10 Lofts

300 Methuen StLawrence, MA 01840
Luxury
  • Verified
  • Utilities Included
  • Low Income

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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215 Canal St
$1,950 - $3,400
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Contact Us For Availability

215 Canal St

215 Canal StLawrence, MA 01840
Corporate Housing
  • Verified
  • Utilities Included
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Washington Mill
$2,117 - $3,568
Total Monthly Price

Total Monthly Price

Base Rent
$2,117 - $3,568

Total Monthly Price
$2,117 - $3,568
Studio to 2 Bedroom Apartments Available Now

Washington Mill

240-270 Canal StLawrence, MA 01840
Student Living
  • Verified
  • 3D Tour
property at 50 Common St

$2,250

Total Monthly Price

Total Monthly Price

Base Rent
$2,250

Total Monthly Price
$2,250

3 Bedroom, 1 Bath Home for Rent

Available Now

50 Common St

LawrenceMA01840
property at 50 1/2 Common St

$2,250

Total Monthly Price

Total Monthly Price

Base Rent
$2,250

Total Monthly Price
$2,250

3 Bedroom Rentals

Available Now

50 1/2 Common St

LawrenceMA01840

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

property at 30 Lawrence St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 5 Bath Condo for Rent

Available Now

30 Lawrence St

LawrenceMA01840
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Washington Mills
Studio to 2 Bedroom Apartments

Washington Mills

270 Canal StLawrence, MA 01840
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The Jav
1 to 2 Bedroom Apartments

The Jav

115-125 Essex StLawrence, MA 01840
Corporate Housing
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Stone Mill Lofts
1 to 3 Bedroom Apartments

Stone Mill Lofts

72 General StLawrence, MA 01840
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117 Swan St, Unit 2, Unit 2
$2,400
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,400

Total Monthly Price
$2,400
3 Bedroom Apartment Available Now

117 Swan St, Unit 2, Unit 2

117 Swan StMethuen, MA 01844
Cost Per Sq.Ft.
  • Smoke Free
property at 47 Main St

$2,900

Total Monthly Price

Total Monthly Price

Base Rent
$2,900

Total Monthly Price
$2,900

3 Bedroom, 1 Bath Home for Rent

Available Now

47 Main St

North AndoverMA01845
property at 12-14-14 Wayside Ave

$3,200

Total Monthly Price

Total Monthly Price

Base Rent
$3,200

Total Monthly Price
$3,200

3 Bedroom, 1 Bath Home for Rent

Available Now

12-14-14 Wayside Ave

MethuenMA01844

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

property at 93 Main St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

2 Bedroom, 1 Bath Condo for Rent

Available Now

93 Main St, Unit 3, Unit 3

93 Main St
North AndoverMA01845
property at 87 Main St

$3,400

Total Monthly Price

Total Monthly Price

Base Rent
$3,400

Total Monthly Price
$3,400

3 Bedroom, 2 Bath Townhome for Rent

Available Now

87 Main St

North AndoverMA01845

Prospect Hill, Lawrence, MA Local Guide

Cheapest Available Prospect Hill Apartments for Rent

 

The cheapest available apartment rental in the Prospect Hill area of Boston, MA is a 1 Bed unit found at 141 Amesbury St priced from $1,695. 226Common - New Luxury Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,875. Here are the most affordable Prospect Hill apartments for rent in Boston, MA:

Apartment ListingModel NameBed/BathPriced From
141 Amesbury StOne Bedroom1BR,1BA$1,695
226Common - New Luxury ApartmentsBella1BR,1BA$1,875
Pac10 LoftsD1 – 1 Bedroom 1 Bathroom Loft - Workforce/Moderat1BR,1BA$1,895
Museum SquareThe Essex1BR,1BA$1,900
Legacy Park Apartments1 Bedroom1BR,1BA$1,925
Pacific Mill Lofts1 Bed 1 Bath1BR,1BA$1,995
Washington MillAtelier StudioStudio,1BA$2,122
Stone Mill Lofts1 Bedroom1BR,1BA$2,350

Best Value Apartments for Rent in Prospect Hill, MA

As of April 28, 2026 the best value apartment in the Prospect Hill area is the $1.79 price per square foot 3 Bed 3 Bath Model at Pacific Mill Lofts in the in the Colonial Heights neighborhood starting from $3,795. The second greatest value Prospect Hill apartment is the 117 Swan St Model at 117 Swan St, Unit 2 starting at $2,400 with a $1.14 price per square foot in the Arlington neighborhood. Here is today’s list of the best values for Prospect Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pacific Mill Lofts3 Bed 3 Bath3BR,3BA$1.79
117 Swan St, Unit 2117 Swan St3BR,1BA$1.14
Legacy Park Apartments3 Bedroom3BR,1BA$2.62
24 Belmont St, Unit 124 Belmont St4BR,1BA$2.75
Washington Mill1 Bed 1 Bath1BR,1BA$2.47
215 Canal St1 Bedroom1BR,1BA$2.42
Museum SquareThe Essex1BR,1BA$2.47
226Common - New Luxury ApartmentsBella1BR,1BA$2.59
141 Amesbury StOne Bedroom1BR,1BA$2.42
Pac10 LoftsC1 – 1 Bedroom 1 Bathroom1BR,1BA$3.01

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Prospect Hill, Lawrence, MA

Ranked #8

Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Prospect Hill Apartments

What is the price of a cheap apartment in Prospect Hill?

The cheapest apartment in Prospect Hill is 141 Amesbury St which is listed at $1,695, while the average apartment in Prospect Hill costs $2,900.

What types of apartments are the cheapest in Prospect Hill?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 4 regular apartments in Prospect Hill that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Prospect Hill?

Cheap apartments in Prospect Hill have an average cost of $185 which is $2,715 cheaper than the average rent for all rentals in Prospect Hill.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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