Apartment for rent

3 Hours Ago

8.6

Very Good

550 Walnut Street Apartments
550 Walnut St, Lynn, MA 01905, USA

Bridgeton Properties LLC

550 Walnut St, Lynn, MA 01905, USA

8.6

Very Good

Monthly rent	$1,950–$2,400The price shown reflects a 12-month lease. Fees may apply.
Beds	1–2
Baths	1
Sqft	584–817

Monthly rent	$1,950–$2,400The price shown reflects a 12-month lease. Fees may apply.
Beds	1–2
Baths	1
Sqft	584–817

3 Hours Ago

Highlights

Air conditioning
Off-street parking
Vinyl plank flooring
Granite countertops
Off-street parking for 1 vehicle
Laundry on premises

Location

550 Walnut St, Lynn, MA 01905, USA

Hi! Let’s figure out if this property is right for you.

Tour 550 Walnut Street

Contact

Managed by

Management

Bridgeton Properties LLC

Leasing office

(978) 922-7800

Property Overview

550 Walnut Street earns an impressive Zumper Expert Rating of 8.6, highlighting its strong position in the rental market with competitive pricing and exceptional amenities, including air conditioning, granite countertops, and on-site laundry. The property’s prime location offers convenient access to grocery stores and schools, further enhancing its appeal. Overall, it presents an excellent balance of value, trustworthiness, and an extensive range of features for potential renters.

Zumper Expert Rating

8.6

Very Good

With a solid 8.6 out of 10 overall, 550 Walnut Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 550 Walnut Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

Less expensive
More space
High school nearby

Floor plans

	1BR/1.0BA	1 bed	1 bath	584 sqft	$1,950 /mo	1 unit available			Just minutes from Rt. 1 and easy access to public transportation! Secure brick building, vinyl plank flooring, air conditioning, laundry on premises, appliances, off-street parking for 1 vehicle. Hot water included! Tenant pays electric. SORRY, NO PETS. * PARKING FOR 1 CAR ONLY *
	2BR/1.0BA	2 bed	1 bath	817 sqft	$2,400 /mo	1 unit available			2 Bedroom/1 Bath, just minutes from Rt. 1 and easy access to public transportation! Secure brick building, w/vinyl plank flooring, appliances, air conditioning, laundry on premises, off-street parking, includes hot water. Tenant pays electric. Includes 1 assigned tandem off-street parking spot for 2 vehicles. SORRY, NO PETS.

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Amenities for 550 Walnut Street

Apartment Amenities

Hot Water

Appliances

Dishwasher	Electric Stove
Garbage Disposal	Range
Refrigerator	Stove

Services

Trash Removal

Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

Building details

Property details

Units	22

About 550 Walnut Street

Home

Apartments in Lynn

550 Walnut Street

Just minutes from Rt. 1 and easy access to public transportation! Secure brick building, wall to wall, air conditioning, laundry on premises, appliances, off-street parking, includes hot water. No pets.

Zumper Expert Rating

8.6

/10

Very Good

How we rated 550 Walnut Street

Price·10

550 Walnut Street offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.

Amenities·9

550 Walnut Street goes above and beyond to provide sought-after conveniences and desirable perks, including garbage disposal. Renters looking for popular or luxurious features will find them here—and for that reason, 550 Walnut Street receives one of the highest amenities scores.

Location·9

550 Walnut Street is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.

Quality·6

While 550 Walnut Street does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.

Trustworthiness·8

The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Property highlights

How 550 Walnut Street compares to other nearby properties.

Positives

Less expensive: The 2-bedrooms are cheaper than other similar listings nearby
More space: The 1-bedroom is 142 sqft larger than other listings nearby
More space: The 2-bedroom is 92 sqft larger than other listings nearby
Less expensive: The 1-bedrooms are cheaper than other similar listings nearby
High school nearby: There is a high school 1 mile away
Middle school nearby: There is a middle school 0.3 mile away
Dishwasher: Dishwasher available in kitchen
Images Available: There are at least 10 photos of this address

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Rent trends in Lynn

1-bedroom apartments here are priced 9% lower than 1-bedrooms in Lynn.

If you decide to upgrade your space, you can expect 2-bedrooms at 550 Walnut Street to be 5% less than the average for similarly sized apartments in Lynn.

Median rents as of Apr 25 2026.

Lynn

A table of studio rental data trends in Lynn
Month	Median Rent
May 2024	$1,666
June 2024	$1,975
July 2024	$1,956
August 2024	$1,807
September 2024	$1,675
October 2024	$1,612
November 2024	$1,597
December 2024	$1,550
January 2025	$1,550
February 2025	$1,693
March 2025	$1,847
April 2025	$1,850
May 2025	$1,854
June 2025	$1,855
July 2025	$1,854
August 2025	$1,777
September 2025	$1,579
October 2025	$1,578
November 2025	$1,596
December 2025	$1,590
January 2026	$1,599
February 2026	$1,618
March 2026	$1,650
April 2026	$1,737

Affordability calculator

Can I afford to live at 550 Walnut St?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.

The general rule of thumb is to spend around 30% or less of your income on rent.

Recommended income

$78,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $78,000 annually to afford this 1-bedroom monthly rent price of $1,950.

For more information on rent affordability, visit our rent calculator.

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