Cheap Apartments for Rent in Lynn, MA from $900 (39 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Lynn.

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 472 Essex St

472 Essex St

LynnMA01902
close
View Me
Cobbet Hill
1 Bedroom Apartments

Cobbet Hill

498 Essex StLynn, MA 01902
close
View Me
132-138 S Common St
Studio to 3 Bedroom Apartments

132-138 S Common St

132-138 S Common StLynn, MA 01902
  • Utilities Included

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.

close
View Me
Riverway Apartments
Studio to 2 Bedroom Apartments

Riverway Apartments

6 Needhams Landing RdLynn, MA 01905
  • Utilities Included
close
View Me
Floating Bridge Pond
2 Bedroom Apartments

Floating Bridge Pond

627-631 Eastern AveLynn, MA 01902
  • Utilities Included
close
View Me
25 Woodman St
2 Bedroom Apartments

25 Woodman St

25-27 Woodman StLynn, MA 01905
close
View Me
131 Ocean St
1 Bedroom Apartments

131 Ocean St

131 Ocean StLynn, MA 01902

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

close
View Me
Warden Place
1 to 2 Bedroom Apartments

Warden Place

5 Warden StSaugus, MA 01906

Lynn, MA Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Lynn, MA

Pricing Updated: 06/30/2025

Current apartment rentals in the Lynn, MA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Lynn Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Lynn$3,000$1,595129
Lynn Waterfront$3,618$1,500245

Cheapest Available Lynn Apartments for Rent

 

The cheapest available apartment rental in Lynn, MA is a Studio unit found at Market Street Apartments in the Central neighborhood priced from $1,595. BayView Apartments in the East Lynn neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,650. Here is today’s list of the most affordable Lynn apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Market Street ApartmentsStudioStudio,1BA$1,595
BayView Apartments131 Ocean St- StudioStudio,1BA$1,650
Mosaic0 Beds, 1 BathsStudio,1BA$1,895
The Vault0BR/1.0BAStudio,1BA$1,900
20 Park StOne Bedroom1BR,1BA$1,900
Warden PlaceOne Bedroom1BR,1BA$1,950
CaldwellS3Studio,1BA$1,980

Best Value Apartments for Rent in Lynn, MA

As of July 01, 2025 the best value apartment in the Lynn area is the $0.22 price per square foot 16 Hanson Rd Model at 16 Hanson Rd, Unit #1 in the in the East Saugus neighborhood starting from $2,200. The second greatest value Lynn apartment is the 21 Essex St Model at 21 Essex St, Unit #6 starting at $2,650 with a $0.27 price per square foot in the East Saugus neighborhood. Here is today’s list of the best values for Lynn apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
16 Hanson Rd, Unit #116 Hanson Rd2BR,1BA$0.22
21 Essex St, Unit #621 Essex St3BR,1BA$0.27
17 Hanson Rd, Unit #117 Hanson Rd2BR,1BA$0.22
82 Chestnut St, Unit #382 Chestnut St1BR,1BA$0.20
12 Hanson Rd, Unit #212 Hanson Rd2BR,1BA$0.25
85 Timson St, Unit #185 Timson St2BR,1BA$0.24
5 Cedar Hill Ter5 Cedar Hill Ter3BR,2BA$1.64
150 Allen Ave, Unit 1150 Allen Ave3BR,3BA$1.87
35 Pacific St, Unit #235 Pacific St2BR,1BA$1.73
56 Broad St, Unit #256 Broad St1BR,1BA$2.10

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.

decorative image of people with a giant lease agreement

Lynn Overview

Offering sweeping views of the Atlantic Ocean and positioned just a few short miles from the Boston line, Lynn is an in-demand hub of the greater New england scene. With plenty in the way of nearby amenities, not to mention captivating architecture and a history-rich assortment of landmarks, a Lynn apartment is an excellent choice for anyone eager to connect with a new place to call home in Massachusetts.

Why live in Lynn, MA?

A city with much to offer, a rental in Lynn is always in high demand. From the seaside scenery to the abundance of public parks and everall charming ambianc that seems to permeate the city itself, Lynn receives high marks on a variety of levels. From the luxury of Fay Estates to the convenience and retail shopping of downtown, this is one New England hot spot that definitely lives up to the hype.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lynn, MA Rentals by Map

View MapLynn, MA Apartments MapView MapLynn, MA Rental Homes Map

Getting Around Lynn, MA

Walk Score®

83 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

55 / 100

Bikeable

Some bike infrastructure

Transit Score®

44 / 100

Some Transit

A few nearby public transportation options

Lynn, MA Area Reviews

  • Traffic
  • Public Transportation
  • Cost of Living
  • Safety

Frequently Asked Questions about Cheap Lynn Apartments

What is a cheap apartment in Lynn?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lynn is under $1,980.

What is the price of a cheap apartment in Lynn?

The cheapest apartment in Lynn is 20 Park St which is listed at $1,900, while the average apartment in Lynn costs $3,309.

What types of apartments are the cheapest in Lynn?

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 2 regular apartments in Lynn 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 Lynn?

Cheap apartments in Lynn have an average cost of $160 which is $3,149 cheaper than the average rent for all rentals in Lynn.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The 10 Best Affordable Neighborhoods in Boston, MA article

The 10 Best Affordable Neighborhoods in Boston, MA

Written by: Amelia Ramstead

Boston is known for its exciting combination of early American history and modern high-tech universities and employers.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.