1. A Steady and High-Demand Rental Market

One of the most appealing aspects of Beverly for rental property owners is the city’s strong demand for rentals. With a population that includes young professionals, college students, artists, and families, the demand for both short-term and long-term rental properties remains high throughout the year.

Beverly is home to several colleges, including Montserrat College of Art and Endicott College, which draw students from across the country and around the world. This contributes to a consistent cycle of renters seeking off-campus housing, particularly appealing to investors targeting the student housing market.

Additionally, the city’s relatively high median rent prices, compared to the national average, mean that landlords can charge competitive rates while still maintaining high occupancy levels. 

2. Prime Location and Easy Access to Boston

Beverly’s proximity to Boston makes it a perfect location for commuters who want access to the city without paying Boston’s high living costs. The Massachusetts Bay Transportation Authority (MBTA) commuter rail line runs through Beverly with five convenient stations in town. This makes it easy for residents to commute to Boston, Cambridge, and other employment hubs.

At the same time, Beverly maintains a distinct identity separate from the greater Boston area. It offers a quieter, more relaxed coastal lifestyle that appeals to renters seeking a work-life balance—another reason why vacancy rates are low and tenant retention is high.

3. A Coastal Lifestyle That Attracts Renters

Living in Beverly means enjoying access to miles of coastline, public beaches, marinas, and scenic views of the Atlantic Ocean. For many renters, this is a major draw. Beverly’s beaches—including Dane Street Beach and Lynch Park—are public and well-maintained, and residents don’t need to drive far to enjoy waterfront recreation.

Beverly is also known as the “Birthplace of the American Navy,” and it honors its maritime heritage through community events and cultural sites. The Beverly Harbor and waterfront areas provide both charm and opportunities for leisure, boating, and entertainment.

4. A Vibrant and Walkable Downtown

The heart of Beverly is its downtown district—a bustling, walkable area filled with restaurants, coffee shops, boutiques, live music venues, and theaters like The Cabot. This downtown appeal not only increases the quality of life for renters but also drives foot traffic and demand for nearby rentals.

Many of the city’s historic homes and newly developed apartments are located within walking distance of downtown, making them particularly desirable to tenants. Walkability is increasingly a priority for modern renters, and Beverly offers it in spades.

5. Strong Local Economy and Employment Opportunities

Beverly’s economy is diversified and growing. In addition to education and tourism, the city has become a hub for biotech and life sciences. Cummings Center, one of the largest office and lab parks in the region, houses hundreds of companies in various sectors—including healthcare, research, engineering, and finance.

This creates a strong base of local employment opportunities and attracts skilled workers, many of whom are renters. As companies continue to establish offices in Beverly, the demand for nearby rental housing rises in tandem.

6. Excellent Public Schools and Family Appeal

Rental property owners targeting families will find Beverly to be especially appealing. The Beverly Public School District is well-rated, with a reputation for strong academics and extracurricular offerings. The city has invested significantly in its schools, including the construction of a new high school and modern elementary facilities.

Families seeking safe neighborhoods and quality education often look to Beverly as an alternative to more expensive Boston suburbs. These renters tend to stay longer and treat rental properties like long-term homes, reducing turnover and maintenance issues for landlords.

7. Preservation of Character with Ongoing Development

Beverly offers a rare combination of preservation and progress. While the city maintains much of its historic character—with colonial homes, brick buildings, and tree-lined streets—it also welcomes new development. This blend creates an attractive real estate landscape for investors, where older homes can be restored for profit and new units are quickly absorbed by the market.

Beverly’s planning efforts support sustainable growth, ensuring that infrastructure improvements, traffic flow, and environmental preservation keep pace with population increases. For investors, this means confidence in the city’s future livability and housing demand.

Why Work with a Professional Property Management Company in Beverly

Investing in rental property in Beverly is a smart move, but managing it alone can come with challenges. From tenant screening and maintenance requests to local compliance and lease enforcement, the tasks involved in property management require time, expertise, and a local presence.

Partnering with a professional property management company in Beverly can streamline your operations and protect your investment. Local management experts understand the area’s rental laws, pricing strategies, and seasonal trends. They can help you market your property effectively, reduce vacancy rates, and ensure that your units remain in excellent condition.

Moreover, working with a trusted management firm allows you to benefit from Beverly’s opportunities without the stress of hands-on management. Whether you live in the area or out of state, a property manager ensures that your investment continues to generate consistent income while minimizing risk.

Final Thoughts

Beverly, MA, is more than just a scenic coastal town—it’s a thriving, dynamic community with all the right ingredients for real estate success. From a strong rental market and high tenant demand to excellent schools and a growing economy, Beverly checks all the boxes for rental property owners.

With the support of a local property management company, you can confidently navigate the market and enjoy the benefits of long-term rental income in one of Massachusetts’ most desirable cities.

For inquiries, contact RPM Reliance.