Average Rent in Lawrence, MA
The Fair Market Rent for a 2-bedroom in Lawrence, MA is $2,270 per month, based on HUD data. With a median household income of $112,484, a household would spend 24.2% of income on housing at Fair Market Rent. Rent has increased 18.4% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,565 |
| 1 Bedroom | $1,730 |
| 2 Bedroom | $2,270 |
| 3 Bedroom | $2,722 |
| 4 Bedroom | $3,006 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $112,484 |
| Rent Burden (2BR FMR / Income) | 24.2% |
| Income Needed for 2BR (30% rule) | $90,800/yr |