Average Rent in Lowell, MA
The Fair Market Rent for a 2-bedroom in Lowell, MA is $2,351 per month, based on HUD data. With a median household income of $112,484, a household would spend 25.1% of income on housing at Fair Market Rent. Rent has increased 17.8% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,621 |
| 1 Bedroom | $1,792 |
| 2 Bedroom | $2,351 |
| 3 Bedroom | $2,819 |
| 4 Bedroom | $3,113 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $112,484 |
| Rent Burden (2BR FMR / Income) | 25.1% |
| Income Needed for 2BR (30% rule) | $94,040/yr |