Average Rent in 21216, Baltimore, MD

Current Versus Historical 21216, Baltimore, MD Rents

21216 rentals average $1,600 for a studio rental to $1,740 for a 4-bedroom rental. The median price of all currently available listings is $1,500, or roughly $17 per square feet.

For the apartment units and housing in June 2023, median rents have risen substantially over the last year. Studio rentals prices have increased by $203 (14.56%) year-over-year from $1,397 to $1,600. 1-bedroom rentals prices have increased by $159 (20.06%) year-over-year from $791 to $950. 2-bedroom rentals prices have decreased by $68 (-5.35%) year-over-year from $1,263 to $1,195. 3-bedroom rentals prices have increased by $221 (14.80%) year-over-year from $1,492 to $1,713. 4-bedroom rentals prices have increased by $555 (49.33%) year-over-year from $1,125 to $1,680. 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 9.12% this month. 1-bedroom rents have gone up by 0.04% this month. 2-bedroom rents have gone down by 1.65% this month. 3-bedroom rents have gone up by 5.66% this month. 4-bedroom rents have gone up by 11.38% this month.

Beds	Price / Sqft	Jun 2023 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$15	$1,600	$1,397 (14.56%)	$836 (91.32%)
1 BR	$18	$950	$791 (20.06%)	$658 (44.30%)
2 BR	$16	$1,195	$1,263 (-5.35%)	$958 (24.70%)
3 BR	$17	$1,713	$1,492 (14.80%)	$1,317 (30.06%)
4+ BR	$15	$1,680	$1,125 (49.33%)	$1,468 (14.48%)

Historical Rents in 21216, Baltimore, MD

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 21216

There are a total of 3 cities nearby 21216. The average rent in 21216 is currently $2,122 per month. Our records show that Baltimore, MD, with an average rent of $1,600, is the most affordable city nearby. In contrast, the most expensive city near 21216, Baltimore, MD is Columbia, MD. Monthly rents here are on average $2,150 per month.

Let's compare 21216, Baltimore, MD's rent against other top cities nearby by bedroom size. Typically, rent for studios in 21216, Baltimore, MD is 37.50% more expensive than other cities nearby. One bedrooms are about 58.73% more affordable. Two bedrooms in 21216, Baltimore, MD are about 67.68% more affordable. Finally, rent for three bedrooms are about 47.58% more affordable. Want more information? Check out the top 3 cities near 21216, Baltimore, MD in the following chart.

City	Studio	1 Bed	2 Bed	All
Baltimore, MD	$1,000	$1,200	$1,600	$1,600
Towson, MD	$1,572	$1,853	$2,279	$2,122
Columbia, MD	N/A	$1,500	$1,845	$2,150

Top Neighborhoods Near 21216

There are a total of 5 neighborhoods in or near 21216. Some of these neighborhoods include Mount Vernon, Mid-Town Belvedere, and Charles Village. We've included all of these top 5 neighborhoods in or near 21216, Baltimore, MD in the following chart.

The average rent for these 5 neighborhoods in or near 21216, Baltimore, MD is currently around $1,350 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $1,350. Out of all the neighborhoods in or near 21216, Mount Vernon has the most affordable average rent at $1,265 per month. Whereas, at $2,519 average rent per month, Canton is the most expensive neighborhood in or near 21216. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Mount Vernon, Baltimore, MD	$987	$1,200	$1,754	$1,265
Mid-Town Belvedere, Baltimore, MD	$975	$1,300	$1,875	$1,300
Charles Village, Baltimore, MD	$850	$1,200	$1,700	$1,350
Downtown Baltimore, Baltimore, MD	$1,049	$1,290	$1,693	$1,520
Canton, Baltimore, MD	N/A	$1,922	$2,550	$2,519

Top Counties Near 21216

There are a total of 5 counties located by 21216, Baltimore, MD. The average rent for rentals in these counties is $1,847. That's roughly around $20 per sqft. The county that is the most affordable is Baltimore, MD. It's average rent per month is $1,600. Vice versa, with an average rent of $2,094, Baltimore, MD is the most expensive county by 21216, Baltimore, MD.

Typically, rent for studios in 21216, Baltimore, MD is 19.64% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 21216, Baltimore, MD is 57.78% more affordable than other counties nearby. Finally, rent for two bedrooms in 21216, Baltimore, MD is 69.82% more affordable than other counties nearby. We've listed the top 2 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Baltimore, MD	$1,000	$1,200	$1,600	$1,600
Baltimore, MD	$1,572	$1,782	$2,136	$2,094

Top Zipcodes Near 21216

There are a total of 14 zipcodes in or near 21216, Baltimore, MD. The average rent for all of these zipcodes is $1,541. A total of 6 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 21201, Baltimore, MD at $1,337 per month. In comparison, the zipcode with the most expensive average rent of $2,140 per month is 21204, Towson, MD.

Studios in these zipcodes have an average rent of $950. That's at least $28 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 21216, Baltimore, MD is $1,243 per month. Or in other words, $20 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,673 per month. Which comes out to $19 per sqft. The following chart includes the top 10 zipcodes in 21216, 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	N/A	$1,781	$1,800	$2,000
21204, Towson, MD	N/A	$1,867	$2,279	$2,140
21230, Baltimore, MD	$2,525	$1,500	$1,850	$2,000
21217, Baltimore, MD	$1,000	$1,195	$1,400	$1,450
21202, Baltimore, MD	$975	$1,300	$1,875	$1,500
21218, Baltimore, MD	$875	$1,195	$1,650	$1,500
21201, Baltimore, MD	$1,049	$1,290	$1,695	$1,337
21231, Baltimore, MD	$1,095	$1,175	$1,748	$1,538
21215, Baltimore, MD	N/A	$875	$1,250	$1,600
21212, Baltimore, MD	$1,725	$1,350	$1,425	$1,637

Frequently Asked Questions - 21216 Average Rents

What is the average rent price in 21216, Baltimore, MD?

The average monthly rental price for 21216, Baltimore, MD apartments for rent is approximately $1,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 21216, 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 21216, Baltimore, MD.

How much is a studio apartment in 21216, Baltimore, MD?

The average monthly rental price for studio apartments is $1,600 and an average price per square feet of $15.24. There are a total of 3 studio apartment listings currently available for rent in 21216.

How much is a one bedroom apartment in 21216, Baltimore, MD?

The average monthly rental price for one bedroom apartments is $945 and an average price per square feet of $17.60. There are a total of 19 one bedroom apartment listings currently available for rent in 21216.

How much is a two bedroom apartment in 21216, Baltimore, MD?

The average monthly rental price for two bedroom apartments is $1,100 and an average price per square feet of $16.45. There are a total of 14 two bedroom apartment listings currently available for rent in 21216.

How have rent prices in 21216, Baltimore, MD changed this year?

Rent prices for rentals in 21216, Baltimore, MD can fluctuate yearly. Specifically, studio rental prices have changed by 0.15%, one bedroom rental prices have changed by 0.20%, two bedroom rental prices have changed by -0.05%, and three bedroom rental prices have changed by 0.15% year-over-year.

What is a reasonable rent price in 21216, Baltimore, MD?

A reasonable rent price in 21216, Baltimore, MD is around $1,200/month. You can search for these reasonably priced rental listings on RentHop.