Average Rent in Silver Spring, MD

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Current Versus Historical Silver Spring, MD Rents

Silver Spring rentals average $1,724 for a studio rental to $3,948 for a 4-bedroom rental. The median price of all currently available listings is $2,205, or roughly $3 per square feet.

For the apartment units and housing in June 2024, median rents have risen over the last year. Studio rentals prices have increased by $266 (17.53%) year-over-year from $1,517 to $1,783. 1-bedroom rentals prices have increased by $105 (5.40%) year-over-year from $1,940 to $2,045. 2-bedroom rentals prices have increased by $427 (18.65%) year-over-year from $2,291 to $2,718. 3-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $3,050 to $3,050. 4-bedroom rentals prices have increased by $100 (2.94%) year-over-year from $3,400 to $3,500. 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 up by 11.54% this month. 1-bedroom rents have gone up by 3.65% this month. 2-bedroom rents have gone up by 5.65% this month. 3-bedroom rents have gone down by 1.07% this month. 4-bedroom rents have gone down by 5.41% this month.

Beds	Price / Sqft	Jun 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.41	$1,783	$1,517 (17.53%)	$1,434 (24.38%)
1 BR	$2.89	$2,045	$1,940 (5.40%)	$1,671 (22.35%)
2 BR	$2.72	$2,718	$2,291 (18.65%)	$2,151 (26.39%)
3 BR	$2.15	$3,050	$3,050 (0.00%)	$2,865 (6.46%)
4+ BR	$2.96	$3,500	$3,400 (2.94%)	$3,648 (-4.04%)

Historical Rents in Silver Spring, MD

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Silver Spring

There are a total of 2 cities nearby Silver Spring. The average rent in Silver Spring is currently $3,082 per month. Only one city nearby has an average rent lower than that. Our records show that Silver Spring, MD, with an average rent of $2,200, is the most affordable city nearby. In contrast, the most expensive city near Silver Spring, MD is Bethesda, MD. Monthly rents here are on average $3,964 per month.

Let's compare Silver Spring, MD's rent against other top cities nearby by bedroom size. Typically, rent for studios in Silver Spring, MD is 15.46% more affordable than other cities nearby. One bedrooms are about 16.19% more affordable. Two bedrooms in Silver Spring, MD are about 22.46% more affordable. Finally, rent for three bedrooms are about 32.08% more affordable. Want more information? Check out the top 2 cities near Silver Spring, MD in the following chart.

City	Studio	1 Bed	2 Bed	All
Silver Spring, MD	$1,724	$2,045	$2,717	$2,200
Bethesda, MD	$2,257	$2,707	$3,938	$3,964

Top Neighborhoods Near Silver Spring

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Silver Spring

We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Silver Spring

There are a total of 6 zipcodes in or near Silver Spring, MD. The average rent for all of these zipcodes is $3,576. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 20782, Chillum, MD at $2,107 per month. In comparison, the zipcode with the most expensive average rent of $4,950 per month is 20817, Bethesda, MD.

Studios in these zipcodes have an average rent of $862. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Silver Spring, MD is $2,047 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,675 per month. Which comes out to $3 per sqft. The following chart includes the top 6 zipcodes in Silver Spring, MD. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
20910, Silver Spring, MD	$1,724	$2,054	$2,750	$2,188
20815, Chevy Chase, MD	N/A	$2,591	$3,416	$4,569
20011, Washington, DC	$8,125	$1,913	$2,600	$3,573
20782, Chillum, MD	N/A	$2,039	$2,371	$2,107
20814, Bethesda, MD	$2,313	$2,848	$3,977	$3,579
20817, Bethesda, MD	N/A	N/A	$2,500	$4,950

Frequently Asked Questions - Silver Spring Average Rents

What is the average rent price in Silver Spring, MD?

The average monthly rental price for Silver Spring, MD apartments for rent is approximately $2,205. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Silver Spring, 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 Silver Spring, MD.

How much is a studio apartment in Silver Spring, MD?

The average monthly rental price for studio apartments is $1,724 and an average price per square feet of $3.41. There are a total of 8 studio apartment listings currently available for rent in Silver Spring.

How much is a one bedroom apartment in Silver Spring, MD?

The average monthly rental price for one bedroom apartments is $2,045 and an average price per square feet of $2.89. There are a total of 44 one bedroom apartment listings currently available for rent in Silver Spring.

How much is a two bedroom apartment in Silver Spring, MD?

The average monthly rental price for two bedroom apartments is $2,717 and an average price per square feet of $2.72. There are a total of 32 two bedroom apartment listings currently available for rent in Silver Spring.

How have rent prices in Silver Spring, MD changed this year?

Rent prices for rentals in Silver Spring, MD can fluctuate yearly. Specifically, studio rental prices have changed by 0.18%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by 0.19%, and three bedroom rental prices have changed by 0.00% year-over-year.

What is a reasonable rent price in Silver Spring, MD?

A reasonable rent price in Silver Spring, MD is around $1,764/month. You can search for these reasonably priced rental listings on RentHop.