Apartments in 01940

4 rentals

Apartments For Rent Near 01940

We found 30 more apartments matching your filters just outside 01940

Average Rent Trends in 01940

Rent in 01940 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Apr 2026 compared to the previous month. Rent previously peaked in Feb 2025.
MonthAverage rent
May 2025$3,087
Jun 2025$2,791
Jul 2025$2,850
Aug 2025$3,478
Sep 2025$3,060
Oct 2025$2,825
Nov 2025$2,721
Dec 2025$2,578
Jan 2026$2,688
Feb 2026$2,628
Mar 2026$3,189
Apr 2026$3,125
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$2,493$3,124$4,400$5,200$2,911
Apartments and Condos—$3,600——$3,600
Houses——$4,400$5,200$4,400

Frequently Asked Questions about Apartments and Condos for rent in 01940

  • What is the average rent of an apartment or condo in 01940?
    The average rent of an apartment or condo in 01940 is $3,250. Rent prices range from $2,446 to as much as $9,784, depending on the type of apartment or condo.
  • How does the rent of an apartment or condo in 01940 compare to the national average?
    Average rent of an apartment or condo in 01940 is about 70% higher than the national average rent of $1,910 for an apartment or condo. That means it is more expensive to rent an apartment or condo in 01940 compared to the U.S. average.
  • What is the average rent of an apartment or condo in 01940, by number of bedrooms?
    The average rent of an apartment or condo in 01940 is $ for a studio, $2,493 for a 1 bedroom, $3,359 for a 2 bedroom, $ for a 3 bedroom, and $ for a 4 bedroom.
  • How have rent prices of an apartment or condo in 01940 changed compared to last year?
    In the past year, the average rent price of an apartment or condo in 01940 has increased by $1,709. That means the average rent of an apartment or condo is 53% higher than last year.
  • How many apartments or condos are available to rent in 01940?
    There are 4 available apartments or condos to rent in 01940.
  • What are some cities near 01940?
    Some nearby cities include: Lynnfield, Wakefield, Peabody, Reading, North Reading, Saugus. These cities may have more rental options to explore.