Zumper
modified
2 Hours Ago

Highlights

  • Off-street parking
  • Granite counter tops
  • On site laundry
  • Newly renovated
  • Gas heat
  • Brand new stainless steel appliances

Location

5 Phillips St, Beverly, MA 01915, USA
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Contact

Management

BEVERLY APARTMENTS LLC

Leasing office

(978) 414-2000

Property Overview

5 Phillips Street earns a strong overall rating of 8.3 from Zumper, highlighting its appeal to renters with competitive pricing and excellent amenities, including off-street parking and on-site laundry. The property excels in location (9/10) and offers great value for money, ranking in the top 80th percentile for price and value per square foot. Its trustworthy representation further enhances its attractiveness, making it a commendable choice for prospective tenants.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, 5 Phillips Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 5 Phillips Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • More space

Floor plans

2BR/1.0BA2 bed1 bath1,000 sqft$2,400 /mo1 unit availableLarge 2 Bedroom with Granite counter tops and living room in Beverly 2 blocks from the train. Large bedrooms and living room. Rent is $2400. Tenant pays utilities. Gas Heat.
3BR/1.0BA3 bed1 bath1,000 sqft$3,200 /mo1 unit availableNewly renovated, 1st floor - 3 bedroom apartment in Downtown Beverly available now! Brand new stainless steel appliances. Off-street parking and on site laundry. Monthly Rent is $3,200, tenant pays gas and electric utilities. Required move in costs are First, Last and Security Deposit (Full month's rent). Applicant will need to provide Landlord references and proof of income upon submitting application. Serious inquiries only.

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Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units6
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About 5 Phillips Street

HomeApartments in Beverly 5 Phillips Street

Newly renovated, 1st floor - 3 bedroom apartment in Downtown Beverly available now! Brand new stainless steel appliances. Off-street parking and on site laundry. Monthly Rent is $3,200, tenant pays gas and electric utilities. Required move in costs are First, Last and Security Deposit (Full month's rent). Applicant will need to provide Landlord references and proof of income upon submitting application. Serious inquiries only.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, 5 Phillips Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 5 Phillips Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 5 Phillips Street
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
5 Phillips Street offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 5 Phillips Street is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
5 Phillips Street is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 5 Phillips Street does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
5 Phillips Street provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 5 Phillips Street compares to other nearby properties.

Positives

Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
More space
The 2-bedroom is 88 sqft larger than other listings nearby

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away

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Rent trends in Beverly

If you decide to upgrade your space, you can expect 2-bedrooms at 5 Phillips Street to be 6% less than the average for similarly sized apartments in Beverly.

3-bedroom apartments at 5 Phillips Street cost about 5% more than the average rent price for 3-bedroom apartments in Beverly.

Median rents as of Feb 28 2026.
Beverly
A table of studio rental data trends in Beverly
MonthMedian Rent
May 2024$1,818
June 2024$1,980
August 2024$1,800
September 2024$1,800
November 2024$1,800
March 2025$1,771
April 2025$1,903
May 2025$1,850
June 2025$2,000
July 2025$2,050
September 2025$1,820
October 2025$1,800
November 2025$1,920
December 2025$1,919
January 2026$1,937
February 2026$1,867

Affordability calculator

Can I afford to live at 5 Phillips St?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$96,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $96,000 annually to afford this 2-bedrooms monthly rent price of $2,400.
For more information on rent affordability, visit our rent calculator.

Schools near 5 Phillips Street

Bentley Academy Charter School

25 memorial dr

salem, MA, 1970

K-5Public
C-

McKeown School

70 balch st

beverly, MA, 1915

PKPublic

Hannah Elementary School

41r brimbal ave

beverly, MA, 1915

K-4Public
B

Peabody Personalized Remote Education Program

210 andover st

peabody, MA, 1960

K-12Public

Lucretia and Joseph Brown School

40 baldwin rd

marblehead, MA, 1945

PK, K-3Public
A-
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Internet available near 5 Phillips Street

Getting around Beverly near 5 Phillips St

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

6/10
This area is close to freeways and has adequate parking options.

Cycling

4/10
This is semi-bikeable, but you’ll need another way of getting around.

Transit

6/10
Popular public transit options are just a short walk from this location.

Points of interest for 5 Phillips St, Beverly

Groceries

8/10
At least one supermarket within a 15-minute walk

Shopping

4/10
Several shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

6/10
Variety of restaurants within a few minutes' walk

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

2/10
At least one high school within a 30-minute walk

Parks

8/10
Very large amount of park space within a few minutes' walk

Nightlife

4/10
Some bars within walking distance

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