$1,600 Per Month
- 1 Bed
- 1 Bath
- 714 Sq Ft
- Condo for Rent
118 Elm St Unit 7, Millbury, MA 01527
118 Elm St Unit 7, Millbury, MA 01527
Frequently Asked Questions
How much does it cost to rent a home in Millbury, MA?
The median rent for a home in Millbury, MA is $1,925 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Millbury, MA?
To comfortably afford the median rent in Millbury, MA, a household needs to earn roughly $77,000 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 $1,925 per month in Millbury, MA, renters typically need to show $5,775 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 Millbury, MA?
In Millbury, MA, the price-to-rent ratio is 21.6, 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 Millbury, MA are best for renting a home?
The best neighborhood for renting in Millbury, MA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include North Quinsigamond Village, Broadmeadow Brook, Vernon Hill, Grafton Hill and Union HIll, each with its own character and price range.
