According to APC support, the buzzing is not normal for a healthy UPS!
This is the reply from them...
"Thankyou for your email. Buzzing and humming sounds are not consistent with a well operating UPS. Normally they should not make a detectable noise except when the fan is running but in this case it does not seem to be like the fan. Please let me know the serial number of the UPS. I'll shall check the warranty on the product. "
The only time it does buzz is when it's on battery.
I thought it may be normal at first but when I used to work in an office, a few brown outs caused a UPS to kick in and the PC fan made more noise.