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ZIP Code · MA

ZIP 01545

Pop. 38,876·Worcester County·125th most expensive ZIP in Massachusetts
Median rent (all units)
$2,399/mo
Year-over-Year
-3.3%
Month-over-Month
+0.2%
vs US Median
+$434
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 01545 · $2,399
More expensive than 76% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$28,788/yr
At $2,399/mo median
Location
StateMA
CountyWorcester County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 3.3% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-3.3% 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%
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 → $2,399
up 34.9%
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 34.9% since 2021, going from about $1,778 per month to roughly $2,399 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 16.8 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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Local insights

Tips for renters in ZIP 01545

About renting in ZIP 01545

Last updated: July 20, 2026

ZIP code 01545 covers Shrewsbury, MA. The median rent here is $2,399/mo as of July 2026. A 1-bedroom rents for a median of $2,180/mo. A 2-bedroom rents for a median of $2,800/mo.

At 21% of local median household income ($139,302/yr), ZIP 01545 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 3.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 01545?

As of July 20, 2026, the median monthly rent in ZIP 01545 (Shrewsbury, MA) is $2,399. This is based on aggregated data from public sources and community submissions.

How does ZIP 01545 rent compare to the US average?

ZIP 01545's median rent of $2,399/mo is $434 (22%) above the US national median of $1,965/mo.

How does ZIP 01545 compare to other ZIPs in Massachusetts?

ZIP 01545 is among the more affordable ZIP codes in Massachusetts, ranking #125 out of 168 ZIPs at $2,399/mo.

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 $96,000/year (~$46/hour full-time) to afford the median rent of $2,399/mo in ZIP 01545. The local median household income is $139,302/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 01545?

Rent in ZIP 01545 has decreased 3.3% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 01545 an affordable place to rent?

ZIP 01545 is considered very affordable for renters. At $2,399/mo, rent takes approximately 21% of the local median household income ($139,302/yr). The standard benchmark is 30%. ZIP 01545 falls comfortably within that range.

What percentage of ZIP 01545 residents rent vs. own?

According to Census data, approximately 27.8% of ZIP 01545 households are renters, while 72.2% are owner-occupied. ZIP 01545 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 01545 compare to the rest of Shrewsbury?

ZIP 01545 sits right at the Shrewsbury citywide median of $2,399/mo.

When was rent data for ZIP 01545 last updated?

Rent data for ZIP 01545 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $2,399/mo, rent takes ~21% of ZIP 01545's median household income ($139,302/yr). The standard benchmark is 30%.

ZIP 01545 21%Benchmark 30%
State income tax5%
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Schools nearby

Public schools near ZIP 01545 (Shrewsbury, MA)

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