Low Income Apartments and Affordable Housing For Rent in Beverly, MA

Discover affordable housing in Beverly where there are 39+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

30 Home St Unit 2r

30 Home St Unit 2r, Beverly, Massachusetts 01915

bed 4
payment $3000/mo.

73 Essex St Unit 1

73 Essex St Unit 1, Beverly, Massachusetts 01915

bed 2
payment $2450/mo.

9 Bartlett St Unit Apt. #3

9 Bartlett St Unit Apt. #3, Beverly, Massachusetts 01915

bed 1
payment $1895/mo.

29 Simon St Unit 29-2

29 Simon St Unit 29-2, Beverly, Massachusetts 01915

bed 3
payment $3000/mo.

6 Judson St Unit 2

6 Judson St Unit 2, Beverly, Massachusetts 01915

bed 2
payment $2240/mo.

40 Stone St Unit 3

40 Stone St Unit 3, Beverly, Massachusetts 01915

bed 2
payment $2650/mo.

40 R Stone St Unit R3

40 R Stone St Unit R3, Beverly, Massachusetts 01915

bed 2
payment $2650/mo.

29 Broadway Unit 5

29 Broadway Unit 5, Beverly, Massachusetts 01915

bed 1
payment $2000/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

278 Cabot St

278 Cabot St, Beverly, Massachusetts 01915

bed 3
payment $3200/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

276 Cabot St Unit 3

276 Cabot St Unit 3, Beverly, Massachusetts 01915

bed 3
payment $3000/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

1 Lovett Ct Unit 1

1 Lovett Ct Unit 1, Beverly, Massachusetts 01915

bed 2
payment $2600/mo.

26 Gregg St Unit 2

26 Gregg St Unit 2, Beverly, Massachusetts 01915

bed 2
payment $2600/mo.

Pleasant St Apartments

62 Pleasant St, Beverly, Massachusetts 01915

bed Studio
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Holcroft Park Homes Phase 2

23 and 35 Mill Street, Beverly, Massachusetts 01915

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Holcroft Park Homes Phase 1

9 Mill Street & 10, 22, 30 Grant Street, Beverly, Massachusetts 01915

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based

Harborlight House

1 Monument Sq, Beverly, Massachusetts 01915

switch_access_shortcut Short Wait
accessibility Accessible

Mayflower Residences 319 - 325 Cabot Bever

319 Cabot St, Beverly, Massachusetts 01915

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Garden City Towers

20 Sohier Rd, Beverly, Massachusetts 01915

payment Subsidized

Cabot Affordable Housing

245 Cabot St, Beverly, Massachusetts 01915

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Beverly, Massachusetts

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
calendar_today Opened: Feb 1
Open Until Further Notice
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Reported On May 23rd, 2024 by Nathan Brunet

calendar_today Opened: Jan 6
Open Until Further Notice
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Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Beverly, Massachusetts
$53.54/hour
$38.54 (+257%) more than Massachusetts minimum wage and $46.29 (+639%) more than the Federal minimum wage.
Learn More About Beverly, Massachusetts Affordable Housing ↓

What HUD offices serve Beverly, Massachusetts?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Beverly, Massachusetts.
Operates the Section 8 Housing Choice Voucher (HCV), Moving to Work programs for Beverly, Massachusetts.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Beverly, Massachusetts.

Go to the Massachusetts Public Housing and Low-Income Apartments Waiting Lists page for openings near Beverly.

How many renters live in Beverly, Massachusetts?

The City of Beverly has people living in households.

There are renters living in renter households in this City. Renters make up 30.98 percent of the population living in Beverly.

What is the rental market like in Beverly, Massachusetts?

There are an estimated housing units in the Beverly area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Beverly, Massachusetts, there are 1.04 rental units.

What is the vacancy rate for rentals in Beverly?

The rental vacancy rate in Beverly is 2 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Beverly for each bedroom size?

Occupied Rental Units by Size in Beverly
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
385 2,682 2,295 1,139 230
Occupied Rental Units by Size in Beverly

A large number of apartments in Beverly have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Beverly

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $2,212 to $3,765. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $2,212
One BR $2,377
Two BR $2,827
Three BR $3,418
Four BR $3,765
2024 Fair Market Rents in Beverly, Massachusetts

How many units are rented at Fair Market Rent (FMR) in Beverly?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 307 80 percent
One BR 1,535 57 percent
Two BR 386 17 percent
Rental Units Below FMR in Beverly, Massachusetts

How many affordable rental units are in Beverly?

There are a variety of federal affordable housing programs serving households in Beverly, Massachusetts including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
Tracked Units by Federal Program in Beverly, Massachusetts

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Beverly, Massachusetts

Beverly features 685 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Beverly, Massachusetts

There are 174 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Beverly.

Housing Choice Vouchers in Beverly, Massachusetts

On average, Section 8 Housing Choice vouchers pay Beverly landlords $1,100 per month towards rent. The average voucher holder contributes $500 towards rent in Beverly.

The maximum amount a voucher would pay on behalf of a low-income tenant in Beverly, Massachusetts for a two-bedroom apartment is between $2,544 and $3,110.

Sourced from federal housing data and AffordableHousingOnline.com research.

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