Apartments in Gloucester

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9
Call for Pricing
Gloucester, MA
1 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Disability Access
24
$2,100
Gloucester, MA
1 BR | May. 1, 2024
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Dog Friendly
Cat Friendly
Storage
Dishwasher
24
$5,900
Gloucester, MA
4 BR | Available Now
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House
Air Conditioning
Storage
Dishwasher
11
$2,200
Gloucester, MA
1 BR | Apr. 1, 2024
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Cat Friendly
Storage
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How much does it cost to rent an apartment in Gloucester?

Gloucester Apartments
Bed Type Average Rent Range
1BR $2,150 $2,100 - $2,200

Neighborhoods

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Gloucester:
March Rent Report

Welcome to the March 2024 Gloucester Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2024 key findings and figures for the Gloucester rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Gloucester and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Gloucester average rent prices in the chart below.

Monthly Rent Report

$3,000
$2,250
$1,500
$750
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR       2 BR

Gloucester Rent Prices Decrease From February to March

Gloucester rent prices decreased over the last month. From February to March, the city experienced a -3.73% decrease for the price of a one-bedroom apartment. The rent price for a Gloucester one-bedroom apartments currently stands at $1,988.0.

When we take a look at the two-bedroom comparison from February to March, Gloucester experienced a -1.46% decrease for the price of a two-bedroom apartment. The rent price for a Gloucester two-bedroom apartments currently stands at $2,569.0.

March Prices: Gloucester vs. Surrounding Areas

Rent Prices in Gloucester and Surrounding Areas

Rent prices have decreased in Gloucester over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Gloucester suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Gloucester suburbs

  • Rents did not decrease in any of the Gloucester suburbs.

March 2024 Pricing Trends: Gloucester vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,976
$3,029
$2,358
$2,336
$1,866
$1,310
$1,235
$1,124
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Gloucester Rent Prices More Affordable Than Major Cities

Rent growth in Gloucester over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Gloucester average rent prices appear to be relatively affordable for local residents.

The price for a Gloucester one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Gloucester and surrounding area rent prices, take a look at the complete data set below.

Data set for Gloucester and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.