$1,734 Per Month
- 2 Beds
- 1 Bath
- 950 Sq Ft
- Apartment for Rent
263 Elm St Unit 3L, Holyoke, MA 01040
263 Elm St Unit 3L, Holyoke, MA 01040
Frequently Asked Questions
How much does it cost to rent a home in Holyoke, MA?
The median rent for a home in Holyoke, MA is $1,575 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Holyoke, MA?
To comfortably afford the median rent in Holyoke, MA, a household needs to earn roughly $63,000 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 $1,575 per month in Holyoke, MA, renters typically need to show $4,725 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 Holyoke, MA?
In Holyoke, MA, the price-to-rent ratio is 16.7, 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 Holyoke, MA are best for renting a home?
The best neighborhood for renting in Holyoke, MA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Chicopee Falls, Chicopee Center, Liberty Heights, Florence and Indian Orchard, each with its own character and price range.
