Beverly, Massachusetts Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Beverly, Massachusetts rental market.
Beverly, Massachusetts
Average Apartment Rent
$2,789
Y-o-Y Change in Average
Apartment Rent
3.1%
As of May 2026
Compared to a year ago, Beverly, Massachusetts apartments have recorded a 3.1% rent increase.
Beverly, Massachusetts Average apartment rent trend
Beverly, Massachusetts Average Apartment Rent
Beverly, Massachusetts Apartment rent ranges
At 40.51%, apartments priced $2,500 - $3,000 represent the bulk of Beverly, Massachusetts rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 0.26%.
Beverly, Massachusetts Housing tenure**
Renters take up 40% of Beverly, Massachusetts real estate, occupying a total of 6,750 units, while homeowners live in 10,159 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$49,693
Average household size of renter-occupied housing units**
1.95
Rental vacancy rate**
2.4%
Beverly, Massachusetts Renter-occupied housing units by no. of bedrooms**
There are 2,682 rentals in Beverly, Massachusetts with 1 bed making up the highest share of the market, at 40%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 230 units. Overall, the median number of rooms in Beverly, Massachusetts homes for rent is 3.7.
Beverly, Massachusetts Renter-occupied units by age of householder**
Most condos for rent in Beverly, Massachusetts are occupied by residents in the 25 - 34 years age group (23%), followed by those in the 35 - 44 years age group (16%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 7%.
Beverly, Massachusetts Renter-occupied housing units by family type**
Beverly, Massachusetts Renter-occupied housing units by the presence of own children**
A total of 2,570 apartments for rent in Beverly, Massachusetts, or 38% of all rentals are family households. Additionally, 20% of rental homes include children under the age of 18 – that’s 1,370 units. All in all, the median size of a renter-occupied household in Beverly, Massachusetts is 1.95.
Beverly, Massachusetts Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 36% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in Beverly, Massachusetts.
Beverly, Massachusetts Renter-occupied units by year structure built**
The highest share of Beverly, Massachusetts apartment rentals, namely 25% or 1,699 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (17%, 1,167 units), and the ones Built 2010 - 2019 (13%, 856 units).
Beverly, Massachusetts Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Beverly, Massachusetts renters (41%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Beverly, Massachusetts condos for rent is 2017.
Beverly, Massachusetts Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Beverly, Massachusetts renters have 1 vehicle available per household, 24% of them have No vehicle available, and 21% have 2 vehicles available.
Beverly, Massachusetts Means of transportation to work of householders living in renter-occupied housing units**
Beverly, Massachusetts Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Beverly, Massachusetts apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
