Cheap Apartments for Rent in 01940

3 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 increased in Sep 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
Oct 2025$2,900
Nov 2025$2,742
Dec 2025$2,655
Jan 2026$2,700
Feb 2026$2,755
Mar 2026$3,650
Apr 2026$3,695
May 2026$3,600
Jun 2026$3,000
Jul 2026$2,948
Aug 2026$3,100
Sep 2026$3,144
View as a graph

Average Rent By Bedroom and Home Type

1 bed2 beds3 beds4 bedsAll
All home types$2,350$3,142——$2,800
Apartments and Condos$2,800$3,000——$3,000

Frequently Asked Questions about Rentals in 01940

  • What is the average rent of an apartment in 01940?
    The average rent of an apartment in 01940 is $2,874 per month. This is about 48% higher than the national average.
  • What are the cheapest months to find an apartment to rent in 01940?
    Last year, the cheapest month to find an apartment to rent was Dec 2025 when it was $2,655 per month.
  • How many cheap apartments are available in 01940?
    There are 1 apartments to rent that are cheaper than the city’s average rent of $2,800.
  • When is the average rent most expensive in 01940?
    In the last year, the average rent in 01940 was highest in Jan 2025 when it was $3,900 per month.
  • 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.
View this page in Spanish: Apartamentos baratos en renta en los alrededores de 01940 - 20,468 Rentas | Trulia