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City Report · MA

Beverly

Pop. 42,665·54th most expensive in Massachusetts·Beverly rents are up 6.4% over the past year
Median rent (all units)
$2,773/mo
Year-over-Year
+6.4%
Month-over-Month
+1.6%
vs US Median
+$808
Rising (Monthly)
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Most AffordableMost Expensive
Beverly · $2,773
More expensive than 86% of US cities · National median $1,965/mo
Rent Reality Score
61/100
Good value
OverheatedFairGreat value

Rents are 5% below what Beverly's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$2,773/mo
Expected by trend
$2,929/mo
The Rent Reality Score compares today's median rent to where Beverly's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$2,060
1 BR
$2,180
2 BR
$2,580
3 BR
$3,110
4 BR+
$3,420
Research median
$2,580/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
$33,276/yr
At $2,773/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.4% YoY, +1.6% MoM), not inventory.
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Demographics

Who lives here

Beverly, MA is majority owner-occupied, has a median income above the national average, 53.4% of residents hold a bachelor's degree or higher.

Population
42,665
Median income
$106,044
Median age
39
Renters
39.9%
Age distribution
18.5%
25.8%
21.4%
14.9%
19.4%
Under 1818.5%
18–3425.8%
35–5421.4%
55–6414.9%
65+19.4%
Gender
48%
52%
Male48%
Female52%
Race & ethnicity
86%
White86%
Black3%
Hispanic6.1%
Asian2%
Other2.9%
Education (25+)
19.7%
23.4%
53.4%
No HS diploma3.6%
HS diploma19.7%
Some college23.4%
Bachelor's+53.4%
Housing tenure
60.1%
39.9%
Owner60.1%
Renter39.9%

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

2021 vs 2026

How Beverly, MA has changed in 5 years

Rent
$1,850 → $2,773
up 49.9%
Income
$89,882 → $106,044
up 18.0%
Population
42,448 → 42,665
up 0.5%
Renter share
39.7% → 39.9%
+0.2 pts
Bachelor's+
50.5% → 53.4%
+2.9 pts
Median age
40.4 → 39
-1.4 yrs

The median rent in Beverly, MA stood at $1,850 in 2021 and currently runs about $2,773, reflecting a 49.9% increase over the period. Census figures show median household income at $106,044 today, compared with $89,882 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. College-educated residents now make up 53.4% of adults here, versus 50.5% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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View Beverly rent history (2015–2026) →
Salary vs rent

Can you afford rent in Beverly on your salary?

At $2,773/mo, how Beverly rent compares to typical pay (30% rule).

By apartment size

Beverly rent by bedroom count

Median rent for each apartment size in Beverly. Click any size for full breakdown.

Local insights

Tips for renters in Beverly

About renting in Beverly, MA

Last updated: July 20, 2026

The median rent in Beverly is $2,773/mo as of July 2026. A studio apartment averages $2,060/mo while a 2-bedroom runs $2,580/mo. One-bedroom apartments average $2,180/mo and 3-bedroom units go for $3,110/mo.

At 31% of local median household income ($106,044/yr), Beverly ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.4% over the past year.

FAQ

Frequently asked questions

Is Beverly an affordable city for renters?

Beverly is considered moderate for renters. At $2,773/mo, rent takes approximately 31% of the local median household income ($106,044/yr). The standard benchmark is 30%. Beverly slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Beverly?

To keep rent at or below 30% of gross income, you would need to earn at least $111,000/year (~$53/hour full-time) to afford the median rent of $2,773/mo in Beverly. The local median household income is $106,044/yr, meaning the typical Beverly household falls short of that threshold.

Is rent going up or down in Beverly?

Rent in Beverly has increased 6.4% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Beverly rent compare to other cities in Massachusetts?

Beverly is middle-of-the-pack for Massachusetts for rent, ranking #54 out of 107 tracked cities at $2,773/mo.

Which nearby cities are cheaper to rent in than Beverly?

Several nearby cities have lower median rents than Beverly ($2,773/mo): Salem ($2,742/mo), Swampscott ($2,764/mo).

What percentage of Beverly residents rent vs. own?

According to Census data, approximately 39.9% of Beverly households are renters, while 60.1% are owner-occupied. Beverly leans toward homeownership, which can mean a smaller rental inventory.

How does Beverly rent compare to the national average?

Beverly's median rent of $2,773/mo is $808 (41%) above the US national median of $1,965/mo. Within Massachusetts, it ranks #54 out of 107 tracked cities.
Income Affordability
31%
MODERATE

At $2,773/mo, rent takes ~31% of Beverly's median household income ($106,044/yr). The standard benchmark is 30%.

Beverly 31%Benchmark 30%
State income tax5%
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Beverly, MA

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