Rents are 5% below what Danvers'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 $2,825 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
Rent in Danvers is at its highest level since Zillow's records here began in June 2022.
Rent in Danvers changed +2.1% over the year to September 2026. Across the 89 Massachusetts cities Zillow tracks, the typical change was +2.8%.
Rent has risen 3 months in a row, and rose in 6 of the last 12 months.
30% of the median household income ($125,395) is $3,135 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,620); a 3-bedroom is $3,160.
Lynn, 7 miles away, rents for 17% less ($2,342/mo), about $5,800 a year in savings.
From Zillow's monthly rent index (ZORI) for Danvers. 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
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Danvers, MA has changed in 5 years
The median rent in Danvers, MA stood at $2,484 in 2023 and currently runs about $2,825, reflecting a 13.7% 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.
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Can you afford rent in Danvers on your salary?
At $2,825/mo, how Danvers rent compares to typical pay (30% rule).
Danvers rent by bedroom count
Median rent for each apartment size in Danvers. Click any size for full breakdown.
Tips for renters in Danvers
Last updated: October 17, 2026
The median rent in Danvers is $2,825/mo as of October 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 2.1% over the past year.
Frequently asked questions
How much income do you need to rent in Danvers?
Is rent going up or down in Danvers?
How does Danvers rent compare to other cities in Massachusetts?
At $2,825/mo, rent takes ~27% of Danvers's median household income ($125,395/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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