Select Page
Architectural rendering of low rise apartment buildings.

Welcome to 555 Merrimack

New affordable rental apartments in Lowell, MA

Brand new rental community offering affordable studio, one- and two-bedroom apartments just steps from downtown Lowell. Amenities include new construction, air conditioning, onsite laundry, and a fantastic location. 

7 Studios

Units have project based subsidy and residents will pay 30% of income for rent.

11 One-Bedrooms

Rent from $1,117 – $1,341

9 Two-Bedrooms

Rent $1,609

All 27 units have a preference for households with income at or below 60% AMI that also qualify for voluntary services, including supportive services focused on recovery from substance use disorder. Applicants who indicate that they have a need for these services will have a preference for housing.

Heat, electric and hot water are included in the rent.
8 units have Section 8 subsidy, and 8 units have MRVP and pay 30% of income for rent.<
Rents and income limits are subject to change based on applicable regulations.

Maximum Income Limits

HH Size 30% AMI 50% AMI 60% AMI
1 $26,550 $44,250 $53,100
2 $30,350 $50,550 $60,660
3 $34,150 $56,850 $68,220
4 $37,900 $63,150 $75,780


You may request a waitlist application by calling: (978) 454-5595 / Relay #711

Completed applications should be mailed to:

Maloney Properties, Inc.
517A Moody Street
Lowell, MA 01854

For more information or if you or a family member has a disability or limited English proficiency, and as a result need assistance completing the application and/or require any assistance during the application process, please contact us:
Email: [email protected] or Tel: (978) 454-5595 | Relay #711

Sponsored by:

CBA logo