Cheap Apartments for Rent in 01940

5 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 May 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
Jun 2025$3,030
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
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 Rentals in 01940

  • What is the average rent in 01940?
    The average rent in 01940 is $3,600. Rent prices range from $2,446 to as much as $9,784, depending on the type of rental.
  • How does the rent in 01940 compare to the national average?
    Average rent in 01940 is about 88% higher than the national average rent of $1,910. That means it is more expensive to rent in 01940 compared to the U.S. average.
  • What is the average rent in 01940, by number of bedrooms?
    The average rent in 01940 is $ for a studio, $2,494 for a 1 bedroom, $3,106 for a 2 bedroom, $4,400 for a 3 bedroom, and $5,200 for a 4 bedroom.
  • How have rent prices in 01940 changed compared to last year?
    In the past year, the average rent price in 01940 has increased by $488. That means the average rent is 14% higher than last year.
  • How many available rental listings are in 01940?
    There are 6 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.