Average Rent in 20874, Montgomery County, MD

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Current Versus Historical 20874, Montgomery County, MD Rents

20874 rentals average $0 for a studio rental to $3,500 for a 4-bedroom rental. The median price of all currently available listings is $2,200, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $2,300 (100.00%) year-over-year from $2,300 to $4,600. 1-bedroom rentals prices have decreased by $354 (-18.13%) year-over-year from $1,954 to $1,600. 2-bedroom rentals prices have decreased by $492 (-16.49%) year-over-year from $2,984 to $2,492. 3-bedroom rentals prices have decreased by $1,965 (-44.28%) year-over-year from $4,437 to $2,473. 4-bedroom rentals prices have increased by $142 (5.04%) year-over-year from $2,808 to $2,950. 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 32.69% this month. 1-bedroom rents have gone down by 18.48% this month. 2-bedroom rents have gone down by 11.63% this month. 3-bedroom rents have gone down by 24.77% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$2.37	$1,600	$1,954 (-18.13%)	$2,227 (-28.15%)
2 BR	$1.84	$2,492	$2,984 (-16.49%)	$2,552 (-2.34%)
3 BR	$1.84	$2,473	$4,437 (-44.28%)	$3,700 (-33.17%)
4+ BR	$2.05	$2,950	$2,808 (5.04%)	$2,579 (14.38%)

Historical Rents in 20874, Montgomery County, MD

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 20874

There are a total of 10 cities nearby 20874. The average rent in 20874 is currently $2,263 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Baltimore, MD, with an average rent of $1,800, is the most affordable city nearby. In contrast, the most expensive city near 20874, Montgomery County, MD is Bethesda, MD. Monthly rents here are on average $3,700 per month.

Let's compare 20874, Montgomery County, MD's rent against other top cities nearby by bedroom size. Typically, rent for studios in 20874, Montgomery County, MD is inf% more affordable than other cities nearby. One bedrooms are about 20.45% more affordable. Two bedrooms in 20874, Montgomery County, MD are about 29.33% more affordable. Finally, rent for three bedrooms are about 17.52% more affordable. Want more information? Check out the top 10 cities near 20874, Montgomery County, MD in the following chart.

City	Studio	1 Bed	2 Bed	All
Baltimore, MD	$1,148	$1,300	$1,700	$1,800
Towson, MD	N/A	$1,800	$2,387	$2,074
Silver Spring, MD	$1,762	$2,100	$2,745	$2,161
McNair, VA	$1,862	$2,017	$2,421	$2,196
Germantown, MD	N/A	$1,675	$2,000	$2,254
Alexandria, VA	$1,943	$1,887	$2,650	$2,272
Lincolnia, VA	N/A	$2,018	$2,523	$2,444
Arlington, VA	$2,112	$2,429	$3,361	$2,654
Washington, DC	$1,973	$2,553	$3,692	$3,000
Bethesda, MD	$2,226	$2,608	$3,750	$3,700

Top Neighborhoods Near 20874

There are a total of 2 neighborhoods in or near 20874. We've included all of these top 2 neighborhoods in or near 20874, Montgomery County, MD in the following chart.

The average rent for these 2 neighborhoods in or near 20874, Montgomery County, MD is currently around $2,917 per month. Meaning, only two neighborhoods have a higher average rent than $2,917. Interestingly, the neighborhoods' average rent is higher than 20874's average rent, which is only $2,200. Out of all the neighborhoods in or near 20874, Columbia Heights has the most affordable average rent at $2,872 per month. Whereas, at $2,962 average rent per month, Logan Circle - Shaw is the most expensive neighborhood in or near 20874. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Columbia Heights, Washington, DC	$2,111	$2,510	$4,120	$2,872
Logan Circle - Shaw, Washington, DC	$1,500	$2,795	$4,020	$2,962

Top Counties Near 20874

There are a total of 2 counties located by 20874, Montgomery County, MD. Some of these counties include Alexandria, VA, Prince William, VA, and Prince George's, MD. The average rent for rentals in these counties is $2,675. That's roughly around $2 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Harford, MD. It's average rent per month is $1,737. Vice versa, with an average rent of $3,273, Loudoun, VA is the most expensive county by 20874, Montgomery County, MD.

Typically, rent for studios in 20874, Montgomery County, MD is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 20874, Montgomery County, MD is 7.75% more affordable than other counties nearby. Finally, rent for two bedrooms in 20874, Montgomery County, MD is 21.19% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Alexandria, VA	$1,943	$1,887	$2,650	$2,272
Prince William, VA	$1,725	$1,818	$2,196	$2,411
Prince George's, MD	N/A	$2,008	$2,275	$2,595
Arlington, VA	$2,112	$2,429	$3,361	$2,654
Frederick, MD	$14	$1,538	$2,500	$2,695
Montgomery, MD	$1,900	$2,100	$2,700	$2,840
Fairfax, VA	$1,862	$1,989	$2,554	$2,850
Howard, MD	N/A	$1,100	$2,448	$2,999
District of Columbia, DC	$1,973	$2,553	$3,692	$3,000
Loudoun, VA	N/A	$1,738	$2,400	$3,273

Top Zipcodes Near 20874

There are a total of 16 zipcodes in or near 20874, Montgomery County, MD. The average rent for all of these zipcodes is $2,663. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 22311, Alexandria, VA at $1,968 per month. In comparison, the zipcode with the most expensive average rent of $3,754 per month is 20814, Bethesda, MD.

Studios in these zipcodes have an average rent of $1,788. That's at least $4 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 20874, Montgomery County, MD is $2,301 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,275 per month. Which comes out to $3 per sqft. The following chart includes the top 10 zipcodes in 20874, Montgomery County, MD. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
20002, Washington, DC	$1,815	$2,586	$3,515	$3,225
20001, Washington, DC	$1,991	$2,453	$3,770	$3,000
22201, Arlington, VA	$2,026	$2,404	$3,489	$2,500
22312, Lincolnia, VA	N/A	$2,018	$2,518	$2,441
20171, Franklin Farm, VA	$1,862	$2,017	$2,421	$2,290
22202, Arlington, VA	$2,232	$2,329	$3,317	$2,840
20148, Brambleton, VA	N/A	$1,788	$2,550	$3,500
21204, Towson, MD	N/A	$1,792	$2,465	$2,108
21230, Baltimore, MD	$1,430	$1,795	$1,800	$2,500
22311, Alexandria, VA	N/A	$1,799	$2,246	$1,968

Frequently Asked Questions - 20874 Average Rents

What is the average rent price in 20874, Montgomery County, MD?

The average monthly rental price for 20874, Montgomery County, MD apartments for rent is approximately $2,200. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 20874, Montgomery County, 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 20874, Montgomery County, MD.

How much is a studio apartment in 20874, Montgomery County, MD?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 1 studio apartment listings currently available for rent in 20874.

How much is a one bedroom apartment in 20874, Montgomery County, MD?

The average monthly rental price for one bedroom apartments is $1,675 and an average price per square feet of $2.37. There are a total of 6 one bedroom apartment listings currently available for rent in 20874.

How much is a two bedroom apartment in 20874, Montgomery County, MD?

The average monthly rental price for two bedroom apartments is $2,000 and an average price per square feet of $1.84. There are a total of 26 two bedroom apartment listings currently available for rent in 20874.

How have rent prices in 20874, Montgomery County, MD changed this year?

Rent prices for rentals in 20874, Montgomery County, MD can fluctuate yearly. Specifically, studio rental prices have changed by 1.00%, one bedroom rental prices have changed by -0.18%, two bedroom rental prices have changed by -0.16%, and three bedroom rental prices have changed by -0.44% year-over-year.

What is a reasonable rent price in 20874, Montgomery County, MD?

A reasonable rent price in 20874, Montgomery County, MD is around $1,760/month. You can search for these reasonably priced rental listings on RentHop.