Rents are 4% below what Beverly's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,745 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in Beverly usually run 1.4% below trend in February and 1% above it in October, about $66 a month apart at today's median. Based on 7 years of data.
Rent in Beverly is at its highest level since Zillow's records here began in February 2019.
Rent in Beverly changed +8.1% over the year to September 2026. Across the 89 Massachusetts cities Zillow tracks, the typical change was +2.8%.
Rent in Beverly is 49.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 8 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($106,044) is $2,651 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,580); a 3-bedroom is $3,110.
Lynn, 8 miles away, rents for 15% less ($2,342/mo), about $4,800 a year in savings.
From Zillow's monthly rent index (ZORI) for Beverly. 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.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Beverly, MA has changed in 5 years
The median rent in Beverly, MA stood at $1,904 in 2021 and currently runs about $2,745, reflecting a 44.2% 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.
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Can you afford rent in Beverly on your salary?
At $2,745/mo, how Beverly rent compares to typical pay (30% rule).
Beverly rent by bedroom count
Median rent for each apartment size in Beverly. Click any size for full breakdown.
Tips for renters in Beverly
Last updated: October 17, 2026
The median rent in Beverly is $2,745/mo as of October 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 8.1% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Beverly?
At $2,745/mo, rent takes ~31% of Beverly's median household income ($106,044/yr). The standard benchmark is 30%.
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