Beverly, MA Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Beverly is $2,751, a 2.79% increase compared to the previous year, when the average rent was $2,677.
Studio Apartments at $2,295 offer the most budget-friendly option with 476 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 736 square feet for $2,533, balancing privacy and affordability.
Two-beedroom units at $2,919 offer 960 square feet, perfect for roommates or small families.
Average rent in Beverly, MA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,751 | 857 sq. ft. |
| Studio | $2,295 | 476 sq. ft. |
| 1 Bed | $2,533 | 736 sq. ft. |
| 2 Beds | $2,919 | 960 sq. ft. |
| 3 Beds | n/a | n/a |
Beverly, MA rent trends
Rental prices in Beverly, MA have increased by 2.79% over the past year. The average rent moved from $2,677 to $2,751.
What's the typical rent budget in Beverly, MA?
The largest share of rentals in Beverly, MA (40%) fall between $2,501-$3,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Beverly, MA?
6,743 or 40% of the households in Beverly, MA are renter-occupied while 10,172 or 60% are owner-occupied.
How Beverly Compares to Other Cities
| City | Average Rent |
|---|---|
| Beverly | $2,751 |
| Waltham | $3,225 |
| Salem | $2,777 |
| Lowell | $2,317 |
| Boston | $3,775 |
| Quincy | $2,822 |
| Cambridge | $3,748 |
| Worcester | $2,049 |
| Fall River | $2,099 |
| Somerville | $3,661 |
| Medford | $3,244 |
| Revere, MA | $2,775 |
| Malden, MA | $2,687 |
| Chelsea, MA | $2,898 |
| Lynn, MA | $2,389 |
| Watertown, MA | $3,476 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Beverly apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.