Updated 5+ Days 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 has a strong overall renter appeal, with an 8.5 Zumper Expert Rating, excellent price and amenities scores, and a convenient location. It also offers air conditioning, off-street parking, vinyl plank flooring, and laundry on premises, while nearby schools and a solid photo set add to its practical value.
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
High school nearby- Middle school nearby
- Dishwasher
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 584 sqft | $1,995 /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
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
| Units | 22 |
|---|
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.
8.5
/10
Very GoodWith a solid 8.5 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·9A 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 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·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
- High school nearby
- There is a high school 0.6 miles away
- Middle school nearby
- There is a middle school 0.3 miles away
- Dishwasher
- Dishwasher available in kitchen
- Images Available
- There are at least 10 photos of this property
Considerations
- Distance from grocery stores
- The nearest grocery store is 1.6 miles away
- Distance from transit
- More than 1.7 miles from public transportation
- No laundry facilities available
- This property doesn't offer on-site washers and dryers
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Rent trends in Lynn
1-bedroom apartments at 550 Walnut Street cost about the same as the average rent price for 1-bedroom apartments in Lynn.
Median rents as of Oct 24 2026.
Lynn
| Month | Median Rent |
|---|---|
| November 2024 | $1,625 |
| 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 |
| May 2026 | $1,767 |
| June 2026 | $1,696 |
| July 2026 | $1,700 |
| August 2026 | $1,619 |
| September 2026 | $1,634 |
| October 2026 | $1,622 |
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
$79,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $79,800 annually to afford this 1-bedroom monthly rent price of $1,995.
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+
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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