
Cheap Homes for Rent in Methuen, MA from $1,000 (24 Rentals)
Search the lowest-cost Homes available for rent right now in Methuen.


56 Eaton St, Unit 56

54 Eaton St, Unit 54

153 Union St, Unit 1

3 Lancelot Court
75 Beacon St

281 S Broadway

153 Union St, Unit B
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.

5 Lancelot Court, Unit 5

7 Lancelot Court

206 Primrose St

1 Lancelot Court

8 Lancelot Court, Unit 13

8 Lancelot Court, Unit 8-24

13 Thornton Ave

200 Market St
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.

440 North Ave

5 Sally Sweets Way

202 Wilson St

6 Lancelot Ct
86 Beacon St

130 S Elm St

13 Myles Standish Dr, Unit #2, Unit #2

41 Farrwood Ave
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.
Methuen, MA Local Guide

How much does it cost to rent a home in Methuen?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Methuen 2 Bedroom Homes for Rent | $2,580 | $1,800 | $5,000 |
| Methuen 3 Bedroom Homes for Rent | $3,436 | $2,150 | $7,000 |
| Methuen 4 Bedroom Homes for Rent | $5,957 | $3,500 | $10,000+ |
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Methuen, MA Local Guide
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Cheapest Available Methuen Apartments for Rent and Nearby
 The cheapest available apartment rental in Methuen, MA is a Studio unit found at Hamilton Park in the Outer Greater Merrimack Valley neighborhood priced from $1,400. LOWELL ARMS APARTMENTS in the South West Lawrence neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,600. Here is today’s list of the most affordable Methuen apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hamilton Park | S - A | Studio,1BA | $1,400 |
| LOWELL ARMS APARTMENTS | Studio | Studio,1BA | $1,600 |
| Saunders Crossing | The Charles Renovated | Studio,1BA | $1,677 |
| 141 Amesbury St | One Bedroom | 1BR,1BA | $1,695 |
| Washington Place | 21/13 | 1BR,1BA | $1,750 |
Best Value Apartments for Rent in Methuen, MA and Nearby
As of May 19, 2026 the best value apartment in the Methuen area is the $0.63 price per square foot 5 Cornish St Model at 5 Cornish St in the in the South West Lawrence neighborhood starting from $2,300. The second greatest value Methuen apartment is the Three Bedroom Model at Mill Falls starting at $3,475 with a $2.30 price per square foot in the Outer Greater Merrimack Valley neighborhood. Here is today’s list of the best values for Methuen apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5 Cornish St | 5 Cornish St | 3BR,1BA | $0.63 |
| Mill Falls | Three Bedroom | 3BR,2.5BA | $2.30 |
| 26 Briarwood Rd | Three Bedroom | 3BR,1.5BA | $1.53 |
| Riverwalk Lofts | Two Bedroom Loft | 2BR,2BA | $1.81 |
| Abbott Landing, LLC | Woodbridge Deluxe (A-B2CR) | 2BR,2BA | $1.84 |
| Pacific Mill Lofts | 1 Bed 1 Bath | 1BR,1BA | $1.76 |
| Clough Farm Apartments | Two Bedroom | 2BR,1BA | $1.86 |
| Riverwalk Apartments | 1x1.5 - A8 | 1BR,1.5BA | $2.35 |
| 1 Maxwell St, Unit 1 Maxwell St | 1 Maxwell St | 2BR,1BA | $2.19 |
| 226 Main St, Unit 2 | 226 Main St | 1BR,1BA | $2.25 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Methuen, MAPopulation: 50,698
Ranked #767
in US Census Population by City
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Methuen
What type of rentals are currently available in Methuen?
There are currently 407 Apartments for Rent in Methuen, MA with pricing that ranges from $1,100 to $6,781. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Methuen ranging from $1,000 to $10,500.
What is the current price range for Rental Homes in Methuen?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Methuen ranges from $1,000 to $10,500 with an average monthly rent of $3,224.
How much are larger Three and Four Bedroom Rentals in Methuen?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Methuen range from $2,100 to $6,781, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,150 to $7,000. Four Bedroom Single-Family rentals are also available starting from $3,500 and Four Bedroom Apartments start at $3,500.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.

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.