Rents are 8% below what Lynn's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,342 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in Lynn usually run 1.3% below trend in December and 0.9% above it in July, about $52 a month apart at today's median. Based on 7 years of data.
Rent in Lynn is at its highest level since Zillow's records here began in April 2018.
Rent in Lynn changed +3.6% over the year to September 2026. Across the 89 Massachusetts cities Zillow tracks, the typical change was +2.8%.
From 2019 to 2024, rent in Lynn rose 42.9% while median household income rose 33.6% ($56,181 to $75,043). Rent outpaced income.
Rent in Lynn is 46.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 8 of the last 12 months.
30% of the median household income ($75,043) is $1,876 a month. That is less than HUD's Fair Market Rent for a studio ($2,000).
The priciest of 3 ZIP codes in Lynn, 01905 ($2,543/mo), costs 12% more than the cheapest, 01901 ($2,278/mo).
From Zillow's monthly rent index (ZORI) for Lynn. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Lynn, MA is roughly split between renters and owners, 24.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Lynn, MA has changed in 5 years
Rent in Lynn, MA has climbed 33.4% since 2021, going from about $1,755 per month to roughly $2,342 today. On the earnings side, the typical household in Lynn, MA now reports about $75,043, up from $63,922 in 2021. Rent outpaced income growth by roughly 16.0 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 100,233 to 101,709 between 2021 and 2024, a 1.5% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 21% to 24.1%. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Lynn, MA reflects that arc in its own way.
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At $2,342/mo, how Lynn rent compares to typical pay (30% rule).
Lynn rent by bedroom count
Median rent for each apartment size in Lynn. Click any size for full breakdown.
Tips for renters in Lynn
Last updated: October 17, 2026
The median rent in Lynn is $2,342/mo as of October 2026. A studio apartment averages $2,000/mo while a 2-bedroom runs $2,550/mo. One-bedroom apartments average $2,140/mo and 3-bedroom units go for $3,080/mo.
At 37% of local median household income ($75,043/yr), Lynn ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.6% over the past year.
Frequently asked questions
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How does Lynn rent compare to other cities in Massachusetts?
At $2,342/mo, rent takes ~37% of Lynn's median household income ($75,043/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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