
Cheap Homes for Rent in Prospect Hill Neighborhood of Lawrence, MA from $1,500 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Prospect Hill area of Lawrence.


73 Thornton St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

73 Thornton St

14 E Prospect St
Boston's Best Affordable Neighborhoods
Learn about Boston and the best places to live around the area with original content written by our Boston, MA Local Expert Amelia Ramstead
Prospect Hill, Lawrence, MA Local Guide

How much does it cost to rent a home in Prospect Hill?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Prospect Hill 3 Bedroom Homes for Rent | $3,633 | $3,200 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 1 mile radius of the Prospect Hill Neighborhood of Lawrence, MA.
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Prospect Hill, Lawrence, MA Local Guide
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Best Value Apartments for Rent in Prospect Hill, MA
As of April 17, 2025 the best value apartment in the Prospect Hill area is the $2.04 price per square foot One Bedroom Loft Standard Model at Riverwalk Lofts in the in the Colonial Heights neighborhood starting from $1,999. The second greatest value Prospect Hill apartment is the 2 Bedroom Model at 215 Canal St starting at $2,350 with a $2.42 price per square foot in the Colonial Heights neighborhood. Here is today’s list of the best values for Prospect Hill apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Riverwalk Lofts | One Bedroom Loft Standard | 1BR,1BA | $2.04 |
215 Canal St | 2 Bedroom | 2BR,1BA | $2.42 |
Washington Mill | 1 Bed 1 Bath | 1BR,1BA | $2.32 |
Haven North Andover | Teal II | 1BR,1BA | $3.05 |
Museum Square | The Essex | 1BR,1BA | $2.47 |
The Point at Merrimack Valley | 1F | 1BR,1BA | $3.23 |
Legacy Park Apartments | 1 Bedroom | 1BR,1BA | $2.33 |
Riverwalk Apartments | Studio - S3 | Studio ,1BA | $2.81 |
141 Amesbury St | One Bedroom | 1BR,1BA | $2.21 |
Pac10 Lofts | C1 – 1 Bedroom 1 Bathroom | 1BR,1BA | $3.02 |
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Frequently Asked Questions about Prospect Hill
What type of rentals are currently available in Prospect Hill?
There are currently 125 Apartments for Rent in Prospect Hill, MA with pricing that ranges from $1,400 to $6,151. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Hill ranging from $1,550 to $4,500.
What is the current price range for Rental Homes in Prospect Hill?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Prospect Hill ranges from $1,550 to $4,500 with an average monthly rent of $2,591.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

The 10 Best Affordable Neighborhoods in Boston, MA
Written by: Amelia Ramstead
Boston is known for its exciting combination of early American history and modern high-tech universities and employers.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.