Property prices for rent in Lowell (Massachusetts)

The rent prices in real estate in Lowell, in the Massachusetts region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

$1,553.5
Average price last 6 months
$4.48
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Lowell has had a strong fall during the last 6 months. In July, the average price per sq.feet was $17.22. In the following month the price per sq.feet fell considerably to $1.85. The price for the following two months in (September, October) had a considerable fall of 21 with regard to the previous two months. The price per sq.feet has had a considerable fall of 33 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $5.75 to $1.92 during November, and December.

Average price

When referring to the price in Lowell (cities), there have hardly been any changes in the last 6 months. The average price for July is $1,559. During August the price had a slight fall till $1,473. In the following two months the average price has hardly changed with regard to the previous two months from $1,516 to $1,529. Based on an analysis of the first four prices and the last two months the average price has increased 106 % during the last two months.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,660 they are 20 % more affordable than the average price for Lowell . The properties with the highest average price have 2 bedrooms, Their price is 11 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,663.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.7 / sq.feet, with an average $1.82 / sq.feet price in Lowell. The properties with the most expensive average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.74 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,660 it is 9 % more affordable than the average price in Lowell. "Apartment" is seen as the second most affordable property type. The most affordable property is "Apartment" followed by "". At a price of $1,511 it is 3 % more affordable than the average price.

According to the average area price by sq.feet the most expensive property type is "Apartment with an average cost of $2.02 / sq.feet. "Apartment" at an average price of $2.02 / sq.feet has the highest price and would be directed at more affluent cities.

Charts data
Average price December
Average price per sq.feet December
Number of properties used in Lowell
Number of properties used in region Massachusetts
$1,660
$1.82
974
166,338
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value