$4,000 Per Month
- 3 Beds
- 2.5 Baths
- 2,094 Sq Ft
- House for Rent
469 Walnut St, Shrewsbury, MA 01545
469 Walnut St, Shrewsbury, MA 01545
Frequently Asked Questions
How much does it cost to rent a home in Shrewsbury, MA?
The median rent for a home in Shrewsbury, MA is $2,197 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 Shrewsbury, MA?
To comfortably afford the median rent in Shrewsbury, MA, a household needs to earn roughly $87,880 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 $2,197 per month in Shrewsbury, MA, renters typically need to show $6,591 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 Shrewsbury, MA?
In Shrewsbury, MA, the price-to-rent ratio is 24.9, 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 Shrewsbury, MA are best for renting a home?
The best neighborhood for renting in Shrewsbury, MA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Lake Park, Franklin Plantation, Hamilton, Grafton Hill and Shrewsbury Street, each with its own character and price range.
