$2,600 Per Month
- 2 Beds
- 1.5 Baths
- 1,700 Sq Ft
- Apartment for Rent
22 School St Unit 24, Merrimac, MA 01860
22 School St Unit 24, Merrimac, MA 01860
Frequently Asked Questions
How much does it cost to rent a home in Merrimac, MA?
The median rent for a home in Merrimac, MA is $3,050 per month, though prices vary by neighborhood, size, and property type. As of September 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Merrimac, MA?
To comfortably afford the median rent in Merrimac, 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 Merrimac, 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 Merrimac, MA?
In Merrimac, MA, the price-to-rent ratio is 18.4, 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 Merrimac, MA are best for renting a home?
The best neighborhood for renting in Merrimac, MA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Upper Acre, Highlands, Lower Acres, Downtown Haverhill and Broad Hill, each with its own character and price range.
