How many apartments are available in Phillips Point on Rentable.co?

Rentable.co has over 4 apartments available near Phillips Point.

What is the average rent for a two-bedroom apartment in Phillips Point?

The average rent for a two-bedroom apartment near Phillips Point is around $3,131 per month.

How many apartments are available in Lynn, MA on Rentable.co?

Rentable.co has over 537 apartments available in Lynn.

What is the average rent for a studio apartment in Lynn, MA?

The average rent for a <a href='/lynn-ma/studio-apartments-for-rent' >studio apartment</a> in Lynn is around $1,600 per month.

What is the average rent for a one-bedroom apartment in Lynn, MA?

The average rent for a <a href='/lynn-ma/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Lynn is around $1,900 per month.

What is the average rent for a two-bedroom apartment in Lynn, MA?

The average rent for a <a href='/lynn-ma/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Lynn is around $2,200 per month.

How expensive is it to rent an apartment in Lynn, MA?

For a two-bedroom apartment in Lynn, the average rent price is $2,200 per month, which is higher than the national average of $1,600 per month.

Can I afford an apartment for rent in Lynn, MA?

Based on average rent prices in Lynn, to afford a <a href='/lynn-ma/studio-apartments-for-rent' >studio apartment</a> you would need an annual household income of $64,000 to live comfortably.

Apartments in Phillips Point Lynn

Lynn:
December Rent Report

Welcome to the December 2024 Lynn Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Lynn rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Lynn and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Lynn average rent prices in the chart below.

Monthly Rent Report

$2,300

$1,730

$1,150

$580

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

Dec. 2024

1 BR 2 BR

Lynn Rent Prices Decrease From November to December

Lynn rent prices decreased over the last month. From November to December, the city experienced a -3.69% decrease for the price of a one-bedroom apartment. The rent price for a Lynn one-bedroom apartments currently stands at $1,903.0.

When we take a look at the two-bedroom comparison from November to December, Lynn experienced a -0.14% decrease for the price of a two-bedroom apartment. The rent price for a Lynn two-bedroom apartments currently stands at $2,107.0.

December Prices: Lynn vs. Surrounding Areas

Rent Prices in Lynn and Surrounding Areas

Rent prices have decreased in Lynn over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Lynn suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rents did not increase in any of the Lynn suburbs
Rents did not decrease in any of the Lynn suburbs.

December 2024 Pricing Trends: Lynn vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,134

$3,160

$2,389

$2,353

$1,914

$1,318

$1,255

$1,234

$1,350

$2,700

$4,050

$5,400

Median Rent

Lynn Rent Prices More Affordable Than Major Cities

Rent growth in Lynn over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Lynn average rent prices appear to be relatively affordable for local residents.

The price for a Lynn one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Lynn and surrounding area rent prices, take a look at the complete data set below.

Data set for Lynn and suburbs

	1 BR December	1 BR M/M % Change	2 BR December	2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.