Cheap Homes for Rent in Lynnfield, MA from $1,500 (14 Rentals)

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Search the lowest-cost Homes available for rent right now in Lynnfield.

property at 303 Broadway

303 Broadway

LynnMA01904

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 10 Montrose Ave

10 Montrose Ave

WakefieldMA01880

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.

property at 276 Albion St

276 Albion St

WakefieldMA01880

Lynnfield, MA Local Guide

Cheapest Available Lynnfield Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lynnfield, MA is a 1 Bed unit found at Wakefield one, two, and three bedrooms in the Greenwood neighborhood priced from $2,000. Ezio‘s Place in the South Peabody neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,050. Here is today’s list of the most affordable Lynnfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wakefield one, two, and three bedrooms1BR/1.0BA1BR,1BA$2,000
Ezio‘s PlaceAffordable Unit (income restricted)1BR,1BA$2,050
27-37 Water St1 Bedroom1BR,1BA$2,100
Colonial Point ApartmentsModel 1A1BR,1BA$2,200
Alexan PeabodyS1Studio,1BA$2,263

Best Value Apartments for Rent in Lynnfield, MA and Nearby

As of September 11, 2025 the best value apartment in the Lynnfield area is the $2.28 price per square foot 18 Union St Model at 18 Union St, Unit 2 in the in the Downtown Reading neighborhood starting from $3,600. The second greatest value Lynnfield apartment is the One Bedroom One Bath (873 SF) Model at Everly starting at $2,598 with a $2.98 price per square foot in the West Peabody neighborhood. Here is today’s list of the best values for Lynnfield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
18 Union St, Unit 218 Union St4BR,1BA$2.28
EverlyOne Bedroom One Bath (873 SF)1BR,1BA$2.98
The ElmsOne Bed1BR,1BA$3.18
Colonial Point ApartmentsModel 1A1BR,1BA$2.55
Ezio‘s PlaceAffordable Unit (income restricted)1BR,1BA$2.41
Jayden ApartmentsA21BR,1BA$3.24
Lynnfield CommonsBarberry1BR,1BA$3.37
Avalon SaugusAM10-714-21BR,1BA$3.27
Wakefield one, two, and three bedroomsOne bedroom1BR,1BA$3.44
27-37 Water St1 Bedroom1BR,1BA$3.50

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

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Frequently Asked Questions about Lynnfield

What type of rentals are currently available in Lynnfield?

There are currently 89 Apartments for Rent in Lynnfield, MA with pricing that ranges from $1,575 to $12,193. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lynnfield ranging from $1,500 to $22,500.

What is the current price range for Rental Homes in Lynnfield?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lynnfield ranges from $1,500 to $22,500 with an average monthly rent of $6,922.

How much are larger Three and Four Bedroom Rentals in Lynnfield?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lynnfield range from $2,900 to $6,700, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $4,800. Four Bedroom Single-Family rentals are also available starting from $3,300 and Four Bedroom Apartments start at $3,600.

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.

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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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.