Average Rent in Baltimore, MD

Current Versus Historical Baltimore, MD Rents

Baltimore rentals average $1,118 for a studio rental to $2,800 for a 4-bedroom rental. The median price of all currently available listings is $1,800, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $140 (-10.73%) year-over-year from $1,305 to $1,165. 1-bedroom rentals prices have increased by $131 (10.31%) year-over-year from $1,269 to $1,400. 2-bedroom rentals prices have increased by $113 (6.99%) year-over-year from $1,612 to $1,725. 3-bedroom rentals prices have increased by $217 (12.87%) year-over-year from $1,683 to $1,900. 4-bedroom rentals prices have increased by $883 (46.09%) year-over-year from $1,917 to $2,800. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 6.80% this month. 1-bedroom rents have gone up by 7.72% this month. 2-bedroom rents have gone up by 2.99% this month. 3-bedroom rents have gone up by 4.61% this month. 4-bedroom rents have gone up by 20.00% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$1.69	$1,165	$1,305 (-10.73%)	$1,131 (3.02%)
1 BR	$1.49	$1,400	$1,269 (10.31%)	$1,133 (23.55%)
2 BR	$1.67	$1,725	$1,612 (6.99%)	$1,547 (11.53%)
3 BR	$1.58	$1,900	$1,683 (12.87%)	$1,548 (22.71%)
4+ BR	$1.67	$2,800	$1,917 (46.09%)	$1,892 (48.02%)

Historical Rents in Baltimore, MD

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Baltimore

There are a total of 1 cities nearby Baltimore. The average rent in Baltimore is currently $2,040 per month. Our records show that Towson, MD, with an average rent of $2,040, is the most affordable city nearby. In contrast, the most expensive city near Baltimore, MD is Towson, MD. Monthly rents here are on average $2,040 per month.

Let's compare Baltimore, MD's rent against other top cities nearby by bedroom size. Typically, rent for studios in Baltimore, MD is 25.28% more affordable than other cities nearby. One bedrooms are about 39.26% more affordable. Two bedrooms in Baltimore, MD are about 42.76% more affordable. Finally, rent for three bedrooms are about 41.72% more affordable. Want more information? Check out the top 1 cities near Baltimore, MD in the following chart.

City	Studio	1 Bed	2 Bed	All
Towson, MD	$1,400	$1,880	$2,427	$2,040

Top Neighborhoods Near Baltimore

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Baltimore

The average rent for rentals in these counties is $2,000. That's roughly around $2 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Baltimore, MD. It's average rent per month is $1,800. Vice versa, with an average rent of $2,200, Baltimore, MD is the most expensive county by Baltimore, MD.

Typically, rent for studios in Baltimore, MD is 22.71% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Baltimore, MD is 17.35% more affordable than other counties nearby. Finally, rent for two bedrooms in Baltimore, MD is 15.99% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Baltimore, MD	$1,118	$1,350	$1,700	$1,800
Baltimore, MD	$1,625	$1,819	$2,244	$2,200

Top Zipcodes Near Baltimore

There are a total of 4 zipcodes in or near Baltimore, MD. The average rent for all of these zipcodes is $2,132.

The following chart includes the top 4 zipcodes in Baltimore, MD. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
21224, Baltimore, MD	$1,525	$1,350	$1,850	$2,050
21204, Towson, MD	$1,388	$1,881	$2,477	$2,213
21230, Baltimore, MD	N/A	$1,600	$1,945	$2,340
21217, Baltimore, MD	N/A	$1,475	$1,650	$1,600

Frequently Asked Questions - Baltimore Average Rents

What is the average rent price in Baltimore, MD?

The average monthly rental price for Baltimore, MD apartments for rent is approximately $1,800. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Baltimore, MD rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Baltimore, MD.

How much is a studio apartment in Baltimore, MD?

The average monthly rental price for studio apartments is $1,118 and an average price per square feet of $1.69. There are a total of 20 studio apartment listings currently available for rent in Baltimore.

How much is a one bedroom apartment in Baltimore, MD?

The average monthly rental price for one bedroom apartments is $1,350 and an average price per square feet of $1.49. There are a total of 114 one bedroom apartment listings currently available for rent in Baltimore.

How much is a two bedroom apartment in Baltimore, MD?

The average monthly rental price for two bedroom apartments is $1,700 and an average price per square feet of $1.67. There are a total of 191 two bedroom apartment listings currently available for rent in Baltimore.

How have rent prices in Baltimore, MD changed this year?

Rent prices for rentals in Baltimore, MD can fluctuate yearly. Specifically, studio rental prices have changed by -0.11%, one bedroom rental prices have changed by 0.10%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by 0.13% year-over-year.

What is a reasonable rent price in Baltimore, MD?

A reasonable rent price in Baltimore, MD is around $1,440/month. You can search for these reasonably priced rental listings on RentHop.