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City Report · MA

Danvers

Pop. 28,098·40th most expensive in Massachusetts·Danvers rents are up 5.1% over the past year
Median rent (all units)
$2,849/mo
Year-over-Year
+5.1%
Month-over-Month
+0.6%
vs US Median
+$884
Rising (Monthly)
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Most AffordableMost Expensive
Danvers · $2,849
More expensive than 88% of US cities · National median $1,965/mo
Rent Reality Score
57/100
Fairly priced
OverheatedFairGreat value

Rents are 3% below what Danvers's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$2,849/mo
Expected by trend
$2,949/mo
The Rent Reality Score compares today's median rent to where Danvers's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$2,090
1 BR
$2,210
2 BR
$2,620
3 BR
$3,160
4 BR+
$3,470
Research median
$2,620/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
$34,188/yr
At $2,849/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.1% YoY, +0.6% MoM), not inventory.
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Demographics

Who lives here

Danvers, MA is majority owner-occupied, has a large retiree population, has a median income above the national average, 48.4% of residents hold a bachelor's degree or higher.

Population
28,098
Median income
$125,395
Median age
45.3
Renters
30.8%
Age distribution
17.2%
18.8%
25.4%
16%
22.6%
Under 1817.2%
18–3418.8%
35–5425.4%
55–6416%
65+22.6%
Gender
46.5%
53.5%
Male46.5%
Female53.5%
Race & ethnicity
88.9%
White88.9%
Black1.8%
Hispanic5.5%
Asian1.8%
Other2%
Education (25+)
22.9%
24%
48.4%
No HS diploma4.8%
HS diploma22.9%
Some college24%
Bachelor's+48.4%
Housing tenure
69.2%
30.8%
Owner69.2%
Renter30.8%

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

2023 vs 2026

How Danvers, MA has changed in 5 years

Rent
$2,594 → $2,849
up 9.8%
Income
$105,654 → $125,395
up 18.7%
Population
27,966 → 28,098
up 0.5%
Renter share
28.8% → 30.8%
+2.0 pts
Bachelor's+
45% → 48.4%
+3.4 pts
Median age
44.4 → 45.3
+0.9 yrs

The median rent in Danvers, MA stood at $2,594 in 2023 and currently runs about $2,849, reflecting a 9.8% increase over the period. Median household income rose from $105,654 to $125,395 between 2021 and 2024, a 18.7% shift. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. Renters now make up 30.8% of households, compared with 28.8% five years ago. College-educated residents now make up 48.4% of adults here, versus 45% in 2021. Taken together, the five-year picture in Danvers, 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.

Community

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

Can you afford rent in Danvers on your salary?

At $2,849/mo, how Danvers rent compares to typical pay (30% rule).

By apartment size

Danvers rent by bedroom count

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

Local insights

Tips for renters in Danvers

About renting in Danvers, MA

Last updated: July 20, 2026

The median rent in Danvers is $2,849/mo as of July 2026. A studio apartment averages $2,090/mo while a 2-bedroom runs $2,620/mo. One-bedroom apartments average $2,210/mo and 3-bedroom units go for $3,160/mo.

At 27% of local median household income ($125,395/yr), Danvers ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.1% over the past year.

FAQ

Frequently asked questions

Is Danvers an affordable city for renters?

Danvers is considered affordable for renters. At $2,849/mo, rent takes approximately 27% of the local median household income ($125,395/yr). The standard benchmark is 30%. Danvers falls comfortably within that range.

How much income do you need to rent in Danvers?

To keep rent at or below 30% of gross income, you would need to earn at least $114,000/year (~$55/hour full-time) to afford the median rent of $2,849/mo in Danvers. The local median household income is $125,395/yr, meaning the typical Danvers household meets that threshold.

Is rent going up or down in Danvers?

Rent in Danvers has increased 5.1% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Danvers rent compare to other cities in Massachusetts?

Danvers is middle-of-the-pack for Massachusetts for rent, ranking #40 out of 107 tracked cities at $2,849/mo.

Which nearby cities are cheaper to rent in than Danvers?

Several nearby cities have lower median rents than Danvers ($2,849/mo): Lynn ($2,300/mo), Salem ($2,742/mo), Beverly ($2,773/mo).

What percentage of Danvers residents rent vs. own?

According to Census data, approximately 30.8% of Danvers households are renters, while 69.2% are owner-occupied. Danvers leans toward homeownership, which can mean a smaller rental inventory.

How does Danvers rent compare to the national average?

Danvers's median rent of $2,849/mo is $884 (45%) above the US national median of $1,965/mo. Within Massachusetts, it ranks #40 out of 107 tracked cities.
Income Affordability
27%
AFFORDABLE

At $2,849/mo, rent takes ~27% of Danvers's median household income ($125,395/yr). The standard benchmark is 30%.

Danvers 27%Benchmark 30%
State income tax5%
Run the Danvers affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Danvers, MA

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