Cheap Homes for Rent in Greater Merrimack Valley Neighborhood of Lowell, MA from $900 (85 Rentals)

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Search the lowest-cost Homes available for rent right now in the Greater Merrimack Valley area of Lowell.

property at 348 Walker St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Condo for Rent

Available Jun 1

348 Walker St

LowellMA01851
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
property at 12 Hollis St

$1,100

Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 3 Bath Home for Rent

Available Now

12 Hollis St

PepperellMA01463
property at 11 Hill Rd

$1,200

Total Monthly Price3 Month Lease Term

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

11 Hill Rd, Unit room 1, Unit room 1

11 Hill Rd
BedfordMA01730
property at 17 Park St

$1,200

Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

1 Bedroom, 3 Bath Home for Rent

Available Now

17 Park St

PepperellMA01463

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.

property at 12 Green St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 1 Bath Condo for Rent

Available Now

12 Green St, Unit 2, Unit 2

12 Green St
ReadingMA01867
property at 740 Central St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

1 Bedroom, 1 Bath Condo for Rent

Available Now

740 Central St

LeominsterMA01453

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 226 Swanson Rd

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

1 Bedroom, 1 Bath Condo for Rent

Available Now

226 Swanson Rd

BoxboroughMA01719
property at 10 Leonard Rd

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

1 Bedroom, 1 Bath Condo for Rent

Available Now

10 Leonard Rd

BoxboroughMA01719
property at 15-17-17 Central St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

1 Bedroom, 1 Bath Condo for Rent

Available Now

15-17-17 Central St

HaverhillMA01832
property at 5 Central Square

$1,600

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

1 Bedroom, 1 Bath Condo for Rent

Available Now

5 Central Square, Unit 5 1/2, Unit 5 1/2

5 Central Square
ChelmsfordMA01824

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.

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 42 Swanson Ct

$1,700

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

1 Bedroom, 1 Bath Condo for Rent

Available May 1

42 Swanson Ct, Unit 33A, Unit 33A

42 Swanson Ct
BoxboroughMA01719
property at 11 Leonard Rd

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

1 Bedroom, 1 Bath Condo for Rent

Available Now

11 Leonard Rd

BoxboroughMA01719
property at 367 Hildreth St

$1,750

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

1 Bedroom, 1 Bath Condo for Rent

Available Now

367 Hildreth St

LowellMA01850
property at 2 Wachusett St

$1,775

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,775

Total Monthly Price
$1,775

2 Bedroom, 1 Bath Townhome for Rent

Available Now

2 Wachusett St, Unit 4B, Unit 4B

2 Wachusett St
LowellMA01850

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Greater Merrimack Valley, Lowell, MA Local Guide

Cheapest Available Greater Merrimack Valley Apartments for Rent

 

The cheapest available apartment rental in the Greater Merrimack Valley area of Lowell, MA is a 1 Bed unit found at Palm Square Residences 55+ Community priced from $1,200. Anwelt Heritage - A 55+ Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,262. Here are the most affordable Greater Merrimack Valley apartments for rent in Lowell, MA:

Apartment ListingModel NameBed/BathPriced From
Palm Square Residences 55+ Community1 Bedroom (Interior Unit)1BR,1BA$1,200
Anwelt Heritage - A 55+ Community1 Bedroom Affordable/Income Restriction1BR,1BA$1,262
The Residences at St. JamesStudio 60%Studio,1BA$1,400
River Place Towers1 Bedroom1BR,1BA$1,404
Derry C.C. EstatesS - BStudio,1BA$1,435
6 Summer St1-bedroom1BR,1BA$1,495
55+ ApartmentsStudio1BR,1BA$1,495

Best Value Apartments for Rent in Greater Merrimack Valley, MA

As of April 13, 2026 the best value apartment in the Greater Merrimack Valley area is the $0.68 price per square foot 5 Cornish St Model at 5 Cornish St in the in the South West Lawrence neighborhood starting from $2,500. The second greatest value Greater Merrimack Valley apartment is the 14 Mishawum Rd Model at 14 Mishawum Rd, Unit 14 Mishawum Road Unit 1 starting at $3,195 with a $1.39 price per square foot in the Walnut Hill neighborhood. Here is today’s list of the best values for Greater Merrimack Valley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5 Cornish St5 Cornish St3BR,1BA$0.68
14 Mishawum Rd, Unit 14 Mishawum Road Unit 114 Mishawum Rd3BR,2BA$1.39
292 Wilder St, Unit 2292 Wilder St3BR,2BA$1.35
846 Main St, Unit 1b846 Main St2BR,1BA$1.41
Lofts 34 List2 Bed 1 Bath2BR,1BA$1.36
89 Elmwood Rd, Unit 189 Elmwood Rd3BR,1BA$1.60
Clocktower Place2X22BR,2BA$1.43
Twin Bridge2BD/1BA/80/DenStudio ,$1.61
Anwelt Heritage - A 55+ Community2 Bedroom Affordable2BR,1BA$1.52
120 Springfield St, Unit 3120 Springfield St1BR,1BA$1.25

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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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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Frequently Asked Questions about Greater Merrimack Valley

What type of rentals are currently available in Greater Merrimack Valley?

There are currently 3004 Apartments for Rent in Greater Merrimack Valley, MA with pricing that ranges from $739 to $22,264. There are also 551 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greater Merrimack Valley ranging from $950 to $22,500.

What is the current price range for Rental Homes in Greater Merrimack Valley?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Greater Merrimack Valley ranges from $950 to $22,500 with an average monthly rent of $5,140.

How much are larger Three and Four Bedroom Rentals in Greater Merrimack Valley?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Greater Merrimack Valley range from $1,550 to $22,264, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,025 to $11,500. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $740.

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.

Articles, How-To's, and Tips

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.