ZIP Code · MA

ZIP 01843

Part of Lawrence, MA

Pop. 27,445·Essex County·118th most expensive ZIP in Massachusetts

Median rent (all units)

$2,375/mo

Year-over-Year

+1.8%

Month-over-Month

Stable

vs US Median

+$443

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 01843 · $2,375

More expensive than 76% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,650

1 BR

$1,820

2 BR

$2,390

3 BR

$2,870

4 BR+

$3,160

Research median

$2,390/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 01843 usually run 1.1% below trend in December and 1% above it in August, about $50 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 01843 is 0.4% below its high of $2,384 in May 2026, at $2,375 as of September 2026.

Past year vs. the rest of Massachusetts

Rent in ZIP 01843 changed +1.8% over the year to September 2026. Across the 140 Massachusetts ZIP codes Zillow tracks, the typical change was +3.0%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($67,585) is $1,690 a month. That covers HUD's Fair Market Rent for up to a studio ($1,650); a 1-bedroom is $1,820.

Cheaper nearby

ZIP 01832, 7 miles away, rents for 15% less ($2,009/mo), about $4,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 01843. 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.

Annual cost

$28,500/yr

At $2,375/mo median

Location

CityLawrence

StateMA

CountyEssex County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.8% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 01843 (Lawrence, MA) is majority renter-occupied, 20.3% of residents hold a bachelor's degree or higher.

Population

27,445

Median income

$67,585

Median age

Renters

68.1%

Age distribution

24.7%

26.6%

27.4%

Under 1824.7%

18–3426.6%

35–5427.4%

55–6411.3%

65+9.9%

Gender

50.3%

49.7%

Male50.3%

Female49.7%

Race & ethnicity

29.8%

74.1%

White29.8%

Black4.9%

Hispanic74.1%

Asian3.8%

Education (25+)

23.2%

33.7%

22.8%

20.3%

No HS diploma23.2%

HS diploma33.7%

Some college22.8%

Bachelor's+20.3%

Housing tenure

31.9%

68.1%

Owner31.9%

Renter68.1%

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

2022 vs 2026

How ZIP 01843 in Lawrence, MA has changed in 5 years

Rent

$1,920 → $2,375

up 23.7%

Income

$61,362 → $67,585

up 10.1%

Population

27,804 → 27,445

down 1.3%

Renter share

66% → 68.1%

+2.1 pts

Bachelor's+

17.7% → 20.3%

+2.6 pts

Median age

33 → 34

+1.0 yrs

Rent in ZIP 01843 in Lawrence, MA has climbed 23.7% since 2022, going from about $1,920 per month to roughly $2,375 today. Household income in the area moved from $61,362 to $67,585 across the same window, up 10.1% versus 2021. Rent outpaced income growth by roughly 13.6 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 27,804 to 27,445 between 2021 and 2024, a 1.3% change. About 68.1% of households rent today, against 66% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 17.7% to 20.3%. Reading these numbers side by side helps frame whether current listings in ZIP 01843 in Lawrence, MA look reasonable against where the market sat half a decade ago.

Community

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About renting in ZIP 01843

Last updated: October 17, 2026

ZIP code 01843 covers Lawrence, MA. The median rent here is $2,375/mo as of October 2026. A 1-bedroom rents for a median of $1,820/mo. A 2-bedroom rents for a median of $2,390/mo.

At 42% of local median household income ($67,585/yr), ZIP 01843 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 01843?

To keep rent at or below 30% of gross income, you would need to earn at least $95,000/year (about $46/hour full-time) to afford the median rent of $2,375/mo in ZIP 01843. The local median household income is $67,585/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 01843?

Rent in ZIP 01843 has risen 1.8% over the past year as of September 2026. It sits 0.4% below its high of $2,384 in May 2026.

When is the cheapest time to rent in ZIP 01843?

Asking rents in ZIP 01843 are usually lowest in December, about 1.1% below their yearly trend, and highest in August, about 1% above it. At today's median that is a gap of roughly $50 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 01843 compare to other ZIPs in Massachusetts?

ZIP 01843 is one of the more affordable among Massachusetts ZIP codes for rent, ranking #118 of 164 at $2,375/mo. Over the year to September 2026, rent in ZIP 01843 changed +1.8%, against a typical +3.0% across the 140 Massachusetts ZIP codes Zillow tracks.