ZIP Code · MA

ZIP 01545

Part of Shrewsbury, MA

Pop. 38,876·Worcester County·123rd most expensive ZIP in Massachusetts

Median rent (all units)

$2,350/mo

Year-over-Year

Stable

Month-over-Month

+0.2%

vs US Median

+$418

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 01545 · $2,350

More expensive than 75% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$2,160

1 BR

$2,180

2 BR

$2,800

3 BR

$3,470

4 BR+

$3,850

Research median

$2,800/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 01545 usually run 2.2% below trend in January and 2.5% above it in June, about $110 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 01545 is 1.6% below its high of $2,387 in November 2025, at $2,350 as of September 2026.

Past year vs. the rest of Massachusetts

Rent in ZIP 01545 changed +0.1% over the year to September 2026. Across the 140 Massachusetts ZIP codes Zillow tracks, the typical change was +3.0%.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($139,302) is $3,483 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,470); a 4-bedroom is $3,850.

Cheaper nearby

ZIP 01608, 5 miles away, rents for 20% less ($1,875/mo), about $5,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 01545. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$28,200/yr

At $2,350/mo median

Location

CityShrewsbury

StateMA

CountyWorcester County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.1% YoY, +0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 01545 (Shrewsbury, MA) is majority owner-occupied, has a median income above the national average, 65.6% of residents hold a bachelor's degree or higher.

Population

38,876

Median income

$139,302

Median age

40.6

Renters

27.8%

Age distribution

23.2%

17.4%

29.6%

14.4%

15.4%

Under 1823.2%

18–3417.4%

35–5429.6%

55–6414.4%

65+15.4%

Gender

50%

Male50%

Female50%

Race & ethnicity

61.4%

24%

White61.4%

Black2.6%

Hispanic5.9%

Asian24%

Other6.1%

Education (25+)

14.3%

16.2%

65.6%

No HS diploma3.9%

HS diploma14.3%

Some college16.2%

Bachelor's+65.6%

Housing tenure

72.2%

27.8%

Owner72.2%

Renter27.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 01545 in Shrewsbury, MA has changed in 5 years

Rent

$1,778 → $2,350

up 32.2%

Income

$117,909 → $139,302

up 18.1%

Population

38,291 → 38,876

up 1.5%

Renter share

25% → 27.8%

+2.8 pts

Bachelor's+

63.4% → 65.6%

+2.2 pts

Median age

39.6 → 40.6

+1.0 yrs

Rent in ZIP 01545 in Shrewsbury, MA has climbed 32.2% since 2021, going from about $1,778 per month to roughly $2,350 today. Median household income grew from $117,909 to $139,302 between 2021 and 2024, a 18.1% shift. Rent outpaced income growth by roughly 14.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 38,291 to 38,876 between 2021 and 2024, a 1.5% change. About 27.8% of households rent today, against 25% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 63.4% to 65.6%. Taken together, the five-year picture in ZIP 01545 in Shrewsbury, MA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 01545

Last updated: October 17, 2026

ZIP code 01545 covers Shrewsbury, MA. The median rent here is $2,350/mo as of October 2026. A 1-bedroom rents for a median of $2,180/mo. A 2-bedroom rents for a median of $2,800/mo.

At 20% of local median household income ($139,302/yr), ZIP 01545 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 01545?

To keep rent at or below 30% of gross income, you would need to earn at least $94,000/year (about $45/hour full-time) to afford the median rent of $2,350/mo in ZIP 01545. The local median household income is $139,302/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 01545?

Rent in ZIP 01545 has been roughly flat over the past year as of September 2026, a +0.1% change. It sits 1.6% below its high of $2,387 in November 2025.

When is the cheapest time to rent in ZIP 01545?

Asking rents in ZIP 01545 are usually lowest in January, about 2.2% below their yearly trend, and highest in June, about 2.5% above it. At today's median that is a gap of roughly $110 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 01545 compare to other ZIPs in Massachusetts?

ZIP 01545 is one of the more affordable among Massachusetts ZIP codes for rent, ranking #123 of 164 at $2,350/mo. Over the year to September 2026, rent in ZIP 01545 changed +0.1%, against a typical +3.0% across the 140 Massachusetts ZIP codes Zillow tracks.