Salem / Beverly, MA
August 2026
01915,01960,01970
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $2,240 – $2,461 | -3.30% | 5.85% |
| 2-Bedroom | $2,696 – $3,010 | -2.09% | 7.18% |
| 3-Bedroom | $2,911 – $3,185 | 0.59% | 1.62% |
| 4-Bedroom | $3,243 – $3,513 | 0.83% | 6.27% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $2,213 – $2,326 | -0.61% | 2.61% |
| 2-Bedroom | $2,664 – $2,829 | -2.65% | 0.55% |
| 3-Bedroom | $3,054 – $3,243 | -6.74% | 0.60% |
| 4-Bedroom | $3,461 – $3,825 | 2.38% | 10.57% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,933 – $2,073 | 20.93% | 7.95% |
| 2-Bedroom | $2,570 – $2,784 | 0.78% | 9.22% |
| 3-Bedroom | $3,389 – $3,746 | 1.79% | 11.03% |
| 4-Bedroom | $3,579 – $3,916 | -1.06% | 6.77% |
In the Salem / Beverly (01915, 01960, 01970) rental market, 1-bedroom apartments decreased 3.3% month-over-month, settling at a median rent of $2,350 as of August 2026. This segment still registers a 5.8% annual increase, highlighting notable short-term volatility amid longer-term growth in Salem / Beverly (01915, 01960, 01970).
With rents reaching $3,643 after a 2.4% monthly rise, 4-bedroom condos in Salem / Beverly (01915, 01960, 01970) now command a $265 premium over 4-bedroom apartments’ $3,378 median. This illustrates stronger price momentum in larger condo segments relative to apartments of similar size.
Comparing year-over-year shifts, Salem / Beverly (01915, 01960, 01970) rental trends show 3-bedroom single-family homes posting the highest annual growth at 11.0%, with median rent reaching $3,567. This increase outpaces the YoY appreciation seen in apartments and condos within the same bedroom category.