RentData

Average Rent in Worcester, MA↓ Rents falling 0.6% YoY

HUD FY2027 · Official government data · Updated annually · Metro pop. 861,664

Data review: HUD FY2027Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Worcester, MA has rental prices ranging from $1,577/month to $2,915/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,587/month — 13% above the national average of $1,400/month. With a median household income of $93,561/year, spending $1,587/month on a 1-bedroom represents 20% of gross income — within the recommended 30% threshold.

How Worcester Compares

With an average 2-bedroom rent of $2,043/month, Worcester ranks #10 most expensive of the 22 cities tracked in Massachusetts — pricier than 97% of all US cities in our data.

The Worcester Rental Market

The Worcester, MA area has a population of about 861,664 and 34% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Worcester, MA have fallen by $13/month (0.6%) over the past year, from $2,056 to $2,043. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Worcester, MA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $63,480. The local median household income of $93,561 exceeds that threshold by $30,081, making Worcester relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Worcester, MA is $432,708, giving a price-to-rent ratio of 17.7. With a break-even horizon of approximately 18 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Fair Market Rents

HUD FY2027
Studio
$1,577
Affordable
1 Bedroom
$1,587
Affordable
2 Bedrooms
$2,043
↓0.6% YoY
Affordable
3 Bedrooms
$2,560
Average
4 Bedrooms
$2,915
Average
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▼
Median Home Value
$432,708
Source: Zillow ZHVI
Est. monthly payment
$2,303/mo
20% down · 30yr · 7%

Is Worcester, MA Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$81,720/year
Local median income: $93,561
To buy a median home
$92,122/year
US national median: $75,000
💡 Based on a 2BR rent of $2,043/month and 20% down on a $432,708 home at 7% rate.

Nearby Cities in MAlargest metros in the state

CityStudio1BR2BR3BRHome Value
Lawrence$1,677$1,809$2,367$2,820—
Lowell$1,659$1,831$2,383$2,878—
Brockton$1,678$1,842$2,409$3,015—
Boston$2,440$2,518$3,008$3,584—
New Bedford$1,297$1,305$1,668$1,987—
Providence$1,423$1,509$1,879$2,302—

Rent or Buy in Worcester?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Worcester data

$
Home Value
$432,708
2BR Rent
$2,043/mo
Mortgage Rate
7%
Monthly P&I
$2,303/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $3,186/movs rent: $2,043/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $432,708 home at 7% rate

20% — $86,542
3%50%
Estimated Monthly Payment
$2,303
per month · 30 years · 7% APR
Loan Amount
$346,166
Total Paid
$829,099
Total Interest
$482,933
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Worcester

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Frequently Asked Questions

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🏘️Neighborhoods in Worcester

Compare rent & home prices by neighborhood

⚖️Rent vs Buy in Worcester

Is it cheaper to rent or buy here?

💵Rent Affordability in Worcester

Salary needed to afford rent here

🗺️All Cities in MA

See how Worcester ranks statewide

⚖️Compare Worcester

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📋MA Tenant Rights

Deposit limits, eviction laws & renters protections