Average Rent in Maryland

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Current Versus Historical Maryland Rents

Maryland rentals average $1,624 for a studio rental to $3,500 for a 4-bedroom rental. The median price of all currently available listings is $2,402, or roughly $2 per square feet.

For the apartment units and housing in June 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $657 (-31.95%) year-over-year from $2,057 to $1,400. 1-bedroom rentals prices have decreased by $678 (-30.50%) year-over-year from $2,223 to $1,545. 2-bedroom rentals prices have decreased by $502 (-20.05%) year-over-year from $2,502 to $2,000. 3-bedroom rentals prices have increased by $83 (3.38%) year-over-year from $2,467 to $2,550. 4-bedroom rentals prices have increased by $367 (11.70%) year-over-year from $3,133 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 down by 25.66% this month. 1-bedroom rents have gone down by 22.78% this month. 2-bedroom rents have gone down by 10.57% this month. 3-bedroom rents have gone down by 0.65% this month. 4-bedroom rents have gone up by 3.96% this month.

Beds	Price / Sqft	Jun 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.67	$1,400	$2,057 (-31.95%)	$2,210 (-36.66%)
1 BR	$2.33	$1,545	$2,223 (-30.50%)	$2,223 (-30.50%)
2 BR	$1.90	$2,000	$2,502 (-20.05%)	$2,561 (-21.92%)
3 BR	$1.70	$2,550	$2,467 (3.38%)	$2,198 (16.00%)
4+ BR	$1.69	$3,500	$3,133 (11.70%)	$2,883 (21.39%)

Historical Rents in Maryland

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Maryland

There are a total of 47 cities nearby Maryland. The average rent in Maryland is currently $2,679 per month. A total of 15 cities nearby have an average rent lower than that. Our records show that Akron, OH, with an average rent of $895, is the most affordable city nearby. In contrast, the most expensive city near Maryland is Hampton Bays, NY. Monthly rents here are on average $20,000 per month.

Let's compare Maryland's rent against other top cities nearby by bedroom size. Typically, rent for studios in Maryland is 3.02% more expensive than other cities nearby. One bedrooms are about 1.90% more affordable. Two bedrooms in Maryland are about 23.57% more affordable. Finally, rent for three bedrooms are about 14.11% more affordable. Want more information? Check out the top 10 cities out of 47 total cities near Maryland in the following chart.

City	Studio	1 Bed	2 Bed	All
Baltimore, MD	$1,230	$1,388	$1,700	$1,800
Towson, MD	$1,512	$1,881	$2,355	$2,148
Germantown, MD	N/A	N/A	$2,005	$2,300
Lake Ridge, VA	$1,795	$1,860	$2,382	$2,346
Lincolnia, VA	$1,863	$1,983	$2,476	$2,398
Alexandria, VA	$2,000	$1,900	$2,695	$2,500
Arlington, VA	$1,969	$2,442	$3,293	$2,679
Reston, VA	N/A	$2,200	$2,595	$2,900
Washington, DC	$2,035	$2,500	$3,300	$2,984
Bethesda, MD	$2,212	$2,710	$3,941	$3,969

Top Neighborhoods Near Maryland

There are a total of 89 neighborhoods in or near Maryland. Some of these neighborhoods include North Philadelphia West, North Philadelphia East, and Center City East. We've included the top 30 neighborhoods out of 89 total neighborhoods in or near Maryland in the following chart.

The average rent for these 30 neighborhoods in or near Maryland is currently around $3,495 per month. A total of 26 neighborhoods have a lower average rent. Meaning, only four neighborhoods have a higher average rent than $3,495. Interestingly, the neighborhoods' average rent is higher than Maryland's average rent, which is only $2,402. Out of all the neighborhoods in or near Maryland, Cobbs Creek has the most affordable average rent at $1,363 per month. Whereas, at $12,000 average rent per month, Lower Chelsea is the most expensive neighborhood in or near Maryland. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
North Philadelphia West, Philadelphia, PA	$1,213	$1,435	$1,600	$1,650
North Philadelphia East, Philadelphia, PA	$1,175	$1,385	$1,650	$1,675
Center City East, Philadelphia, PA	$1,328	$1,895	$2,633	$1,978
Flatbush, New York, NY	$2,610	$2,802	$3,193	$3,193
Washington Heights, New York, NY	$2,723	$2,600	$3,175	$3,395
East Harlem, New York, NY	$3,413	$3,000	$3,195	$3,495
Harlem, New York, NY	$2,650	$2,995	$3,258	$3,495
Bushwick, New York, NY	$2,700	$3,046	$3,450	$3,500
Bedford-Stuyvesant, New York, NY	$2,358	$3,095	$3,479	$3,500
West Harlem, New York, NY	$2,750	$2,895	$3,225	$3,575
Long Island City, New York, NY	$3,300	$4,179	$6,034	$4,172
Upper East Side, New York, NY	$2,875	$3,450	$4,595	$4,200
Prospect Heights, New York, NY	$3,595	$4,395	$5,995	$4,300
Financial District, New York, NY	$3,650	$4,615	$6,498	$4,379
Murray Hill, New York, NY	$3,550	$4,498	$5,995	$4,400
Hell's Kitchen, New York, NY	$3,629	$4,500	$5,692	$4,685
West Village, New York, NY	$4,350	$4,650	$7,400	$4,800
Greenwich Village, New York, NY	$4,150	$5,000	$5,050	$4,800
Williamsburg, New York, NY	$3,950	$4,650	$4,800	$4,800
Midtown East, New York, NY	$3,400	$4,500	$5,570	$4,885
Upper West Side, New York, NY	$3,498	$4,334	$6,930	$4,895
East Village, New York, NY	$2,843	$3,638	$4,900	$4,950
Kips Bay, New York, NY	$3,895	$4,108	$5,450	$5,038
Hudson Yards, New York, NY	$3,790	$5,100	$7,330	$5,300
Chelsea, New York, NY	$3,995	$5,604	$8,112	$5,500
Midtown, New York, NY	$3,625	$4,634	$6,600	$5,663
NoMad, New York, NY	$4,419	$5,651	$8,591	$5,665
Lower East Side, New York, NY	$3,925	$4,195	$4,595	$5,700
Gramercy Park, New York, NY	$3,815	$5,175	$5,495	$5,895
Tribeca, New York, NY	$4,350	$6,150	$8,340	$6,500

Top Counties Near Maryland

There are a total of 89 counties located by Maryland. Some of these counties include Baltimore, MD, 9, MD, and Mason, VA. The average rent for rentals in these counties is $3,138. That's roughly around $3 per sqft. A total of 11 counties have a lower average rent. The county that is the most affordable is Cleveland, OH. It's average rent per month is $1,300. Vice versa, with an average rent of $35,000, Southampton, NY is the most expensive county by Maryland.

Typically, rent for studios in Maryland is 3.91% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Maryland is 10.91% more affordable than other counties nearby. Finally, rent for two bedrooms in Maryland is 27.52% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Baltimore, MD	$1,230	$1,388	$1,700	$1,800
9, MD	$1,400	$1,881	$2,335	$2,119
Mason, VA	$1,863	$1,977	$2,480	$2,419
13, MD	$1,788	$2,049	$2,500	$2,450
Alexandria, VA	$2,000	$1,900	$2,695	$2,500
Arlington, VA	$1,969	$2,442	$3,293	$2,679
Mount Vernon, VA	$1,575	$2,068	$2,678	$2,823
Washington, DC	$2,035	$2,500	$3,300	$2,984
4, MD	$1,688	$2,050	$2,550	$3,295
7, MD	$2,207	$2,780	$3,915	$4,200

Top Zipcodes Near Maryland

There are a total of 49 zipcodes in or near Maryland. The average rent for all of these zipcodes is $4,298. A total of 10 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19122, Philadelphia, PA at $1,700 per month. In comparison, the zipcode with the most expensive average rent of $15,000 per month is 08402, Margate City, NJ.

Studios in these zipcodes have an average rent of $3,300. That's at least $7 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Maryland is $3,995 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,995 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in Maryland. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10016, New York, NY	$3,750	$4,276	$5,695	$4,698
10003, New York, NY	$4,000	$4,395	$5,595	$5,495
10019, New York, NY	$3,625	$4,500	$6,250	$4,850
10009, New York, NY	$2,700	$3,695	$4,750	$4,895
10128, New York, NY	$3,238	$4,000	$5,333	$4,200
10038, New York, NY	$3,650	$4,650	$6,378	$4,500
10022, New York, NY	$3,400	$4,750	$4,995	$4,795
10005, New York, NY	$3,675	$4,650	$6,540	$4,322
10011, New York, NY	$3,750	$5,793	$6,495	$5,000
10010, New York, NY	$4,050	$5,195	$5,390	$5,415

Frequently Asked Questions - Maryland Average Rents

What is the average rent price in Maryland?

The average monthly rental price for Maryland apartments for rent is approximately $2,402. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Maryland 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 Maryland.

How much is a studio apartment in Maryland?

The average monthly rental price for studio apartments is $1,624 and an average price per square feet of $2.67. There are a total of 75 studio apartment listings currently available for rent in Maryland.

How much is a one bedroom apartment in Maryland?

The average monthly rental price for one bedroom apartments is $1,865 and an average price per square feet of $2.33. There are a total of 500 one bedroom apartment listings currently available for rent in Maryland.

How much is a two bedroom apartment in Maryland?

The average monthly rental price for two bedroom apartments is $2,100 and an average price per square feet of $1.90. There are a total of 758 two bedroom apartment listings currently available for rent in Maryland.

How have rent prices in Maryland changed this year?

Rent prices for rentals in Maryland can fluctuate yearly. Specifically, studio rental prices have changed by -0.32%, one bedroom rental prices have changed by -0.30%, two bedroom rental prices have changed by -0.20%, and three bedroom rental prices have changed by 0.03% year-over-year.

What is a reasonable rent price in Maryland?

A reasonable rent price in Maryland is around $1,921/month. You can search for these reasonably priced rental listings on RentHop.