Apartments for Lease
TMI Properties owns and operates quality apartments at several price points. We have 1, 2, 3 bedroom apartments in Lowell and Dracut, MA.
Call us at (978) 937-3033 to speak with a leasing agent on today's availability. After a tour, interested residents receive an online application link.
Click here for Commercial Opportunities
What is TMI Property Management?
Welcome! TMI Property Management & Development is a family-owned and operated apartment and commercial leasing company, primarily serving Lowell and Dracut, Massachusetts. Unlike other property managers, all apartments and commercial spaces provided are owned and operated by us. You can be assured of consistent quality and quick responses to your needs, because we are not a third party manager of apartments. Our inventory is always changing. We have apartments at varying price points in the Lowell and Dracut areas. We primarily offer one, two, and three-bedroom apartments, but periodically we may have a four bedroom apartment available. Give us a call today at (978) 937-3033 and press one (1) to schedule a tour. We will never charge you are fee to view our apartments or ask for a deposit without an in-person showing and completed application process.
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Pricing and Availability
Please give us a call for the latest availability. Our simplified pricing is below: Prices reflect our starting prices for the given location and apartment size. Pricing may differ on the actual apartment chosen.

725 Merrimack St
$1,600/1 bed
$1,850/2 bed
$2,200/3 bed

357 Pawtucket St (Franco)
$1,900/1 bed
$2,400/2 bed
$2,600/3 bed
$3,800/4 bed

Beaver Brook Village, Dracut
$1,900/1 bed
$2,025/2 bed
$2,400/3 bed

All other locations
$1,500/1 bed
$1,600/2 bed
$1,800/3 bed

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What's included?
All utilities are resident paid. At some locations, residents may have water & sewer separately metered (paid by the resident, monthly). Apartments may be all electric (with high efficiency heat-pump), or also electric with gas for heat or hot-water. It depends on the specific apartment; we'd be happy to explain the utilities for any apartment you look at with us.
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How do I schedule a tour?
Call us at (978) 937-3033 and press 1 to schedule a tour. Please leave us a message with your name and best contact number if we're on another tour and unable to answer your call.
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What is your pet policy?
Up to two (2) cats allowed at all locations except The Suites in the Ayer Mansion, which is no pets. No fish, dogs, animals, birds, reptiles, or any other pet animals allowed without written permission. Unauthorized pets could cause a resident to be in violation of their lease agreement. There are no fees or extra security deposits for pets. There are no fees or extra security deposits for service animals.
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What is your parking policy?
All locations are permit-parking only for Resident Parking. TMI does not assign spaces, but where possible, the number of parking permits issued does not exceed the available parking spaces.
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What lease terms do you offer?
All apartments are a minimum one year lease. 12-24 month or longer lease terms are available based on credit and rental history. If you choose a 24 month (two year) lease, your rent will not be raised for the initial two year lease term, provided your starting rent rate is our current market rate and no rent concessions have been applied.
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Do you have virtual tours?
You can find our listings on Apartments.com, the Zillow Network, and other places such as Realtor.com (as part of the Zillow Rental Network). When you speak with our Leasing Manager, they can text or email to you directly pictures of apartments. You may also find some virtual tours below: View virtual tour for the Luxury Residences at the Franco View virtual tour for 725 Merrimack St.
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Are there any fees to view apartments?
There are never any fees with TMI Property Management to tour an apartment. We have a consistent application process: 1- Call us to schedule a tour 2- View the apartment 3- An online rental application will be provided (if you desire) 4- Leasing process with a completed and accepted application We will never ask for money to view an apartment, or ask for money prior to an in-person showing. As apartment leasing is first-come, first-served, if you are interested, we advise that you schedule an appointment as soon as possible.
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