How many apartments are available in North Gloucester on Rentable.co?

Rentable.co has over 2 apartments available near North Gloucester.

How many apartments are available in Gloucester, MA on Rentable.co?

Rentable.co has over 157 apartments available in Gloucester.

What is the average rent for a one-bedroom apartment in Gloucester, MA?

The average rent for a one-bedroom apartment in Gloucester is around $2,300 per month.

What is the average rent for a two-bedroom apartment in Gloucester, MA?

The average rent for a <a href='/gloucester-ma/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Gloucester is around $2,980 per month.

How expensive is it to rent an apartment in Gloucester, MA?

For a two-bedroom apartment in Gloucester, the average rent price is $2,980 per month, which is higher than the national average of $1,600 per month.

Can I afford an apartment for rent in Gloucester, MA?

Based on average rent prices in Gloucester, to afford a one-bedroom apartment you would need an annual household income of $92,000 to live comfortably.

Apartments in North Gloucester

Gloucester:
November Rent Report

Welcome to the November 2024 Gloucester Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 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

$3,400

$2,550

$1,700

$850

Nov. 2023

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

1 BR 2 BR

Gloucester Rent Prices Decrease From October to November

Gloucester rent prices decreased over the last month. From October to November, the city experienced a -0.67% decrease for the price of a one-bedroom apartment. The rent price for a Gloucester one-bedroom apartments currently stands at $2,356.0.

When we take a look at the two-bedroom comparison from October to November, Gloucester experienced a -5.87% decrease for the price of a two-bedroom apartment. The rent price for a Gloucester two-bedroom apartments currently stands at $2,964.0.

November 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.

November 2024 Pricing Trends: Gloucester vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,189

$3,067

$2,364

$2,363

$1,886

$1,360

$1,243

$1,173

$1,400

$2,800

$4,200

$5,600

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 November	1 BR M/M % Change	2 BR November	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.