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City Report · MA

Lynnfield

Pop. 13,064·15th most expensive in Massachusetts·One of the pricier rental markets in the US
Median rent (all units)
$3,188/mo
Year-over-Year
Stable
Month-over-Month
+0.2%
vs US Median
+$1,226
Stable (Monthly)
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Most AffordableMost Expensive
Lynnfield · $3,188
More expensive than 93% of US cities · National median $1,962/mo
Affordability
22% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $3,188/mo, rent takes about 22% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$128,000/yr
Local median income
$175,265/yr
Based on the 30%-of-income rule using Lynnfield's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$2,410
1 BR
$2,550
2 BR
$3,020
3 BR
$3,640
4 BR+
$4,000
Fair Market Rent (HUD)
$3,020/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $3,188 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$38,256/yr
At $3,188/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.0% YoY, +0.2% MoM), not inventory.
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Demographics

Who lives here

Lynnfield, MA is majority owner-occupied, has a large share of families with children, has a median income above the national average, 62.7% of residents hold a bachelor's degree or higher.

Population
13,064
Median income
$175,265
Median age
41.4
Renters
12.7%
Age distribution
28%
14.7%
27%
12.4%
17.9%
Under 1828%
18–3414.7%
35–5427%
55–6412.4%
65+17.9%
Gender
48.8%
51.2%
Male48.8%
Female51.2%
Race & ethnicity
81.5%
White81.5%
Black1%
Hispanic5.6%
Asian7%
Other4.9%
Education (25+)
15.8%
19.9%
62.7%
No HS diploma1.6%
HS diploma15.8%
Some college19.9%
Bachelor's+62.7%
Housing tenure
87.3%
12.7%
Owner87.3%
Renter12.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Lynnfield, MA has changed in 5 years

Income
$147,237 → $175,265
up 19.0%
Population
12,874 → 13,064
up 1.5%
Renter share
14.6% → 12.7%
-1.9 pts
Bachelor's+
61.4% → 62.7%
+1.3 pts
Median age
40.2 → 41.4
+1.2 yrs

Median household income grew from $147,237 to $175,265 between 2021 and 2024, a 19.0% shift. Headcount in the area went from 12,874 to 13,064 between 2021 and 2024, a 1.5% change. About 12.7% of households rent today, against 14.6% in 2021.

Community

Discussions about Lynnfield

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View Lynnfield rent history (2015–2026) →
Salary vs rent

Can you afford rent in Lynnfield on your salary?

At $3,188/mo, how Lynnfield rent compares to typical pay (30% rule).

By apartment size

Lynnfield rent by bedroom count

Median rent for each apartment size in Lynnfield. Click any size for full breakdown.

Local insights

Tips for renters in Lynnfield

About renting in Lynnfield, MA

Last updated: August 17, 2026

The median rent in Lynnfield is $3,188/mo as of August 2026. A studio apartment averages $2,410/mo while a 2-bedroom runs $3,020/mo. One-bedroom apartments average $2,550/mo and 3-bedroom units go for $3,640/mo.

At 22% of local median household income ($175,265/yr), Lynnfield ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Lynnfield an affordable city for renters?

Lynnfield is considered very affordable for renters. At $3,188/mo, rent takes approximately 22% of the local median household income ($175,265/yr). The standard benchmark is 30%. Lynnfield falls comfortably within that range.

How much income do you need to rent in Lynnfield?

To keep rent at or below 30% of gross income, you would need to earn at least $128,000/year (~$62/hour full-time) to afford the median rent of $3,188/mo in Lynnfield. The local median household income is $175,265/yr, meaning the typical Lynnfield household meets that threshold.

Is rent going up or down in Lynnfield?

Rent in Lynnfield has been relatively stable over the past year, with a 0.0% change year over year as of August 2026.

How does Lynnfield rent compare to other cities in Massachusetts?

Lynnfield is one of the pricier cities in Massachusetts for rent, ranking #15 out of 112 tracked cities at $3,188/mo.

Which nearby cities are cheaper to rent in than Lynnfield?

Several nearby cities have lower median rents than Lynnfield ($3,188/mo): Peabody ($2,823/mo), Wakefield ($2,838/mo), Melrose ($2,969/mo).

What percentage of Lynnfield residents rent vs. own?

According to Census data, approximately 12.7% of Lynnfield households are renters, while 87.3% are owner-occupied. Lynnfield leans toward homeownership, which can mean a smaller rental inventory.

How does Lynnfield rent compare to the national average?

Lynnfield's median rent of $3,188/mo is $1,226 (62%) above the US national median of $1,962/mo. Within Massachusetts, it ranks #15 out of 112 tracked cities.
Income Affordability
22%
VERY AFFORDABLE

At $3,188/mo, rent takes ~22% of Lynnfield's median household income ($175,265/yr). The standard benchmark is 30%.

Lynnfield 22%Benchmark 30%
State income tax5%
Run the Lynnfield affordability calculator →
Lowest-rent ZIP codes in Lynnfield
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Lynnfield, MA

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