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Rental Market Trends in Danvers, MA

What is the average rent in Danvers, MA?

$2,533/month

Average Rent

789 Sq Ft

Average Apartment Size

+4.8%

Increase in the Last Year

As of June 2025, the average rent in Danvers, MA is $2,533 per month. This is 56% higher than the national average rent price of $1,627/month, making Danvers one of the most expensive cities in the US. When you rent an apartment in Danvers, you can expect to pay about $2,083 per month for a studio, $2,533 for a one-bedroom apartment, and around $3,136 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,889 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$2,083/month
374 Sq Ft
One Bedroom
$2,533/month
789 Sq Ft
Two Bedroom
$3,136/month
1,163 Sq Ft
Three Bedroom
$3,889/month
1,472 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Danvers, MA?

In the past year, rent has increased by 4.8%, which averages out to $123 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Danvers, MA
Last Updated June 2025
Above $2,000
Most rental prices fall within this range
Rent Ranges in Danvers, MA
Percentage*
Rent Range
0% Below $700/month
10% $700 - $1,000/month
0% $1,001 - $1,500/month
20% $1,501 - $2,000/month
70% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Danvers?

Based on current rent prices, Bradlee is the most affordable neighborhood in Danvers.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Bradlee
$2,843/month
881 Sq Ft

What are the most expensive neighborhoods in Danvers?

Based on current rent prices, Bradlee is the most expensive neighborhood in Danvers.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Bradlee
$2,843/month
881 Sq Ft

Which Danvers neighborhoods have the most rentals available?

The neighborhood in Danvers with the most apartments available is Bradlee .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Bradlee
$2,843/month
881 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Danvers, MA?

Because the average rent in Danvers is $2,533, you’ll want to make about $8,443 per month or $101,316 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Danvers, MA

331 Available Apartments for Rent

Search for Nearby Apartments

How does Danvers, MA compare to other nearby cities and neighborhoods?

Use the tool below to compare Danvers, MA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

Bradlee

Danvers, MA

Bradlee

Danvers, MA

Studio
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-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
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-
Search
Search

Nearby City Rent Trends

  • Peabody Average Rent
  • Lynnfield Average Rent
  • North Reading Average Rent
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  • Lynn Average Rent

Apartment communities in Danvers we think you'll love

Bradlee Danvers

Bradlee Danvers

50 Kirkbride Dr,
Danvers, MA 01923

1-3 Beds | $2,596 - $3,491

14 North

14 North

1000 Crane Brook Way,
Peabody, MA 01960

1-3 Beds | $2,423 - $3,939

Essex Apartment Homes

Essex Apartment Homes

One Avalon Dr,
Peabody, MA 01960

1-2 Beds | $2,449 - $3,587

eaves Peabody

eaves Peabody

51 Keys Dr,
Peabody, MA 01960

1-2 Beds | $2,380 - $3,075

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United States Massachusetts Danvers Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity