Cheap Apartments for Rent in 01940

7 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 Jun 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
Jul 2025$3,588
Aug 2025$3,500
Sep 2025$3,500
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$3,687
May 2026$3,600
Jun 2026$3,000
View as a graph

Average Rent By Bedroom and Home Type

In June 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$2,750$3,103—$5,111$3,800
Apartments and Condos$2,750$2,600——$2,750
Houses—$3,800—$5,111$3,800

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 $2,875 per month. This is about 47% higher than the national average.
  • What is the average rent of a house in 01940?
    The average rent of a house in 01940 is $3,800 per month. This is about 95% higher than the national average.
  • When is the average rent cheapest in 01940?
    In the last year, the average rent in 01940 was lowest in Dec 2025 when it was $2,655 per month.
  • 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.
  • How many available rental listings are in 01940?
    There are 7 available rental listings 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.