Starting at $1,935 Plus Fees
- 2 Beds
10 Dale Ave, Gloucester, MA 01930
Central Grammar
(978) 381-8738
Frequently Asked Questions
How much does it cost to rent a home in Gloucester, MA?
The median rent for a home in Gloucester, MA is $3,050 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Gloucester, MA?
To comfortably afford the median rent in Gloucester, MA, a household needs to earn roughly $122,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,050 per month in Gloucester, MA, renters typically need to show $9,150 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Gloucester, MA?
In Gloucester, MA, the price-to-rent ratio is 19.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Gloucester, MA are best for renting a home?
The best neighborhood for renting in Gloucester, MA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Central Gloucester, East Gloucester, West Gloucester, North Beverly and Downtown Beverly, each with its own character and price range.
