Lawrence Fair Market Rent FY 2023 Lawrence, MA-NH HUD Metro FMR Area Rental Data

Fair Market Rent prices in Lawrence are very high compared to the national average. This FMR area is more expensive than 97% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lawrence is $1,776 per month.

The previous year, rent for a two-bedroom home was $1,565 per month. This is a 13.48% increase year-over-year.

This FMR rate applies to Hathorne, MA, Newton Junction, NH, East Derry, NH, West Boxford, MA, North Salem, NH, West Nottingham, NH, Prides Crossing, MA, Hamilton, MA, Rye Beach, NH, New Castle, NH and other cities within the region. The Metro Code or CBSA code for this region is METRO14460MM4160.

Additionally, This Fair Market Rent (FMR) area Lawrence, MA-NH HUD Metro FMR Area spans twenty-three counties or cities in Massachusetts and New Hampshire which ares listed in the table below. Estimated population of Lawrence, MA-NH HUD Metro FMR Area FMR area is 440,923 people based on latest Census data.

Compared to the rest of Massachusetts, the Lawrence FMR area is more expensive than 55% of the state.

Median Rent Prices in Lawrence

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50^th Percentile Rental Prices: