2 Hours Ago
Highlights
- Air conditioning
- Off-street parking
- Vinyl plank flooring
- Laundry on premises
Location
550 Walnut St, Lynn, MA 01905, USA
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Property Overview
550 Walnut Street offers an overall Zumper expert rating of 8.8, highlighting its strong value proposition with a perfect price and amenities rating. Located conveniently near essential services, including top-rated schools less than a mile away, the property also features desirable amenities such as air conditioning, off-street parking, and on-site laundry. Additionally, it ranks in the 80th percentile for value, reflecting competitive pricing and quality living standards.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- High school nearby
- Middle school nearby
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 584 sqft | $1,975 /mo | 1 unit available | Just minutes from Rt. 1 and easy access to public transportation! Secure brick building, wall to wall, vinyl plank flooring on select units. Air conditioning, laundry on premises, appliances, off-street parking for 1 vehicle. Hot water included! Tenant pays electric. SORRY, NO PETS. Unit 202 includes Vinyl Plank Flooring. |
Let's explore this property.
Amenities for 550 Walnut Street
Apartment Amenities
| Hot Water |
Appliances
| Dishwasher | Garbage Disposal |
| Range | Refrigerator |
| Stove |
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
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 |
|---|
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About 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
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very GoodWith a solid 8.8 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.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
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·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
550 Walnut Street stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks, making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
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·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
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·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
550 Walnut Street provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 550 Walnut Street compares to other nearby properties.
Positives
- 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
Considerations
- Lacks images
- Fewer than 10 photos available for this location
- No laundry facilities available
- This property doesn't offer on-site or in-unit washers and dryers
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Rent trends in Lynn
1-bedroom apartments at 550 Walnut Street cost about 1% less than the average rent price for 1-bedroom apartments in Lynn.
Median rents as of Oct 25 2025.
Lynn
| Month | Median Rent |
|---|---|
| November 2023 | $1,500 |
| December 2023 | $1,500 |
| January 2024 | $1,500 |
| February 2024 | $1,775 |
| March 2024 | $1,750 |
| April 2024 | $1,747 |
| 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 |
Affordability calculator
Can I afford to live at 550 Walnut St?
Bedrooms
1 bedroomRent-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
$79,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $79,000 annually to afford this 1-bedroom monthly rent price of $1,975.
For more information on rent affordability, visit our rent calculator.
Schools near 550 Walnut Street
Julia F. Callahan Elementary School
200 o'callaghan way
lynn, MA, 1905
PK, K-5Public
C
Fallon Elementary School
100 robinson st
lynn, MA, 1905
1-5Public
C
Lynn Vocational Technical Institute
80 neptune blvd
lynn, MA, 1902
PK, K-12Public
C+
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Internet available near 550 Walnut Street
Getting around Lynn near 550 Walnut St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 550 Walnut St, Lynn
Groceries
3/10
At least one grocery store within a 30-minute walk
Shopping
5/10
Some shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Parks
10/10
Very large amount of park space within a few minutes' walk
Nightlife
2/10
Few or no bars within walking distance
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