Zumper
modified
3 Hours Ago

Highlights

  • Air conditioning
  • Off-street parking
  • Vinyl plank flooring
  • Stainless appliances
  • Granite countertops
  • Off-street parking for 1 vehicle

Location

550 Walnut St, Lynn, MA 01905, USA
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Contact

Management

Bridgeton Properties LLC

Leasing office

(978) 922-7800

Property Overview

550 Walnut Street offers a high overall experience, reflected in its Zumper Expert Rating of 8.8, showcasing a competitive price rating of 10 and an impressive amenities score of 10. Residents enjoy features such as air conditioning, stainless steel appliances, and off-street parking, while its location scores 9, providing convenient access to local necessities. The property also stands out with a wealth of visual information, marked by 26 photos, and ranks at the top percentile for value and price per square foot in the area.

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.

Zumper Expert Rating

8.8
Very Good
With 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.

Things you’ll love

  • Less expensive
  • More space
  • High school nearby

Floor plans

1BR/1.0BA1 bed1 bath584 sqft$2,000 /mo1 unit availableJust minutes from Rt. 1 and easy access to public transportation! Secure brick building, vinyl plank flooring, air conditioning, laundry on premises, appliances, granite countertops, off-street parking for 1 vehicle. Hot water included! Tenant pays electric. SORRY, NO PETS. * PARKING FOR 1 CAR ONLY *
2BR/1.0BA2 bed1 bath817 sqft$2,200 /mo1 unit availableJust minutes from Rt. 1 and easy access to public transportation! Secure brick building, vinyl plank flooring, air conditioning, granite countertops, stainless appliances, laundry on premises, off-street parking, includes hot water. Includes 1 assigned tandem off-street parking spot for 2 vehicles. Sorry, NO PETS.

Let's explore this property.

Amenities for 550 Walnut Street

Apartment Amenities

Hot Water

Appliances

DishwasherGarbage Disposal
In-Unit LaundryStainless Dishwasher
Stainless RefrigeratorStainless Stove
Washer/Dryer Onsite

Grounds

Assigned & Offstreet Parking

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

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

Units22
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About 550 Walnut Street

HomeApartments 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

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 Good
With 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.
How we rated 550 Walnut Street
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—in-unit laundry—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·8A 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.
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

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 2-bedrooms are cheaper than other similar listings nearby
More space
The 1-bedroom is 142 sqft larger than other 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

Considerations

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 here are priced about the same as 1-bedrooms in Lynn.

If you decide to upgrade your space, you can expect 2-bedrooms at 550 Walnut Street to be 13% less than the average for similarly sized apartments in Lynn.

Median rents as of Mar 14 2026.
Lynn
A table of studio rental data trends in Lynn
MonthMedian Rent
March 2024$1,800
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
November 2025$1,596
December 2025$1,590
January 2026$1,599
February 2026$1,618
March 2026$1,662

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

$80,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $80,000 annually to afford this 1-bedroom monthly rent price of $2,000.
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

Belmonte STEAM Academy

25 dow st

saugus, MA, 1906

2-5Public
B-

Early Childhood Center

90 commercial st

lynn, MA, 1905

PKPublic

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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