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Lowell MA Waterfront

Overview of Lowell

Lowell apartments for rent are not only great for individuals who commute to Boston for work, but the city is a hub for arts and culture and annual festivals and events. Rated as very livable by AreaVibes, Lowell received a score of 70 for its abundance of local amenities, stable housing market, pleasant weather and high income per capita. Lowell sits at the intersection of Routes 495, 93 and 3, making getting to work and other nearby amenities a breeze. This quaint New England community boasts a lively downtown center and the scenic Merrimack River, which was once used for transport.

Living in Lowell

You may not notice it today while looking at Lowell apartments, but this community was one of the largest manufacturing hubs that contributed to the Industrial Revolution and the textile industry in the nineteenth century. Today, many of the massive warehouses are being remodeled for small and large companies at a low cost, helping to encourage new growth and welcome thriving industries. To boot, this type of construction adds to the charming appeal of Lowell.

Lowell is home to some extraordinary amenities and attractions, such as Lowell National Historic Park, Lowell Auditorium and the Merrimack Repertory Theatre. The Lowell National Historical Park is one of the best representations of life in Lowell in the past and present, as it contains a historic textile mill, 5.6 miles of canals, operating gatehouses and more.

Lowell Apartments and Cost of Living

When you're planning to live in apartments in Lowell, you'll have to consider the overall cost of living, which is 20 percent higher than the national average. However, it's the charm and amenities that attract people to this area and for many, it's worth it.

If you're looking for a place with a bit of history and charm, you've come to the right city! Nearly 50 percent of Lowell apartments for rent and homes were constructed prior to 1939, offering a unique character to the community. Nearly 55 percent of homes in Lowell are renter-occupied, and only 4 percent are vacant, showing that this community is growing quickly. Luckily, the median rental rate is 7 percent lower than Massachusetts despite this growth.

Lowell isn't an ideal city to ditch the four-wheels and commute everywhere on foot, but it is somewhat walkable depending on the area you're looking at. The central downtown area is very walkable, and it gets increasingly car-dependent as you get outside of the center. However, communities south of downtown are generally more walkable. Centralville, which is just north of the river, may be a great area for pedestrians.

Lowell Work and Study

If you're looking at apartments for rent in Lowell, you'll find there is a very prosperous job market that is continually growing. Some of the top employers today are Lowell General Hospital, University of MA Lowell, Saints Medical Center, Demoulas Market Basket, Motorola, DS Graphics and Siemens Water Technologies Corp.

Students will also find opportunities in and around Lowell, making many Lowell apartments for rent ideal for students. University of Massachusetts, Lowell, Middlesex Community College and Lowell Academy Hair Styling are a few of the area's education options.

Market Trends

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