Average Rent in 21216, Baltimore, MD

Home  »  MD  »  Baltimore  »  21216

Current Versus Historical 21216, Baltimore, MD Rents

21216 rentals average $925 for a 1-bedroom rental to $1,600 for a 4-bedroom rental. The median price of all currently available listings is $1,650, or roughly $1 per square feet.
For the apartment units and housing in March 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $426 (-32.37%) year-over-year from $1,316 to $890. 1-bedroom rentals prices have decreased by $8 (-0.86%) year-over-year from $933 to $925. 2-bedroom rentals prices have decreased by $67 (-5.48%) year-over-year from $1,217 to $1,150. 3-bedroom rentals prices have decreased by $8 (-0.46%) year-over-year from $1,633 to $1,625. 4-bedroom rentals prices have increased by $779 (76.33%) year-over-year from $1,021 to $1,800. 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 up by 41.64% this month. 1-bedroom rents have gone up by 5.31% this month. 2-bedroom rents have gone down by 10.27% this month. 3-bedroom rents have gone down by 0.50% this month. 4-bedroom rents have gone up by 20.74% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $0.71 $925 $933 (-0.86%) $737 (25.51%)
2 BR $1.52 $1,150 $1,217 (-5.48%) $903 (27.42%)
3 BR $1.41 $1,625 $1,633 (-0.46%) $1,317 (23.42%)
4+ BR $1.09 $1,800 $1,021 (76.33%) $842 (113.86%)

Historical Rents in 21216, Baltimore, MD

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 21216

There are a total of 2 cities nearby 21216. The average rent in 21216 is currently $1,846 per month. Our records show that Baltimore, MD, with an average rent of $1,750, is the most affordable city nearby. In contrast, the most expensive city near 21216, Baltimore, MD is Towson, MD. Monthly rents here are on average $1,942 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 inf% more affordable than other cities nearby. One bedrooms are about 62.05% more affordable. Two bedrooms in 21216, Baltimore, MD are about 14.28% more affordable. Finally, rent for three bedrooms are about 27.45% more affordable. Want more information? Check out the top 2 cities near 21216, Baltimore, MD in the following chart.
City Studio 1 Bed 2 Bed All
Baltimore, MD $1,900 $1,310 $1,675 $1,750
Towson, MD $1,497 $1,688 $2,106 $1,942

Top Neighborhoods Near 21216

There are a total of 2 neighborhoods in or near 21216. We've included all of these top 2 neighborhoods in or near 21216, Baltimore, MD in the following chart.

The average rent for these 2 neighborhoods in or near 21216, Baltimore, MD is currently around $2,194 per month. Meaning, only two neighborhoods have a higher average rent than $2,194. Interestingly, the neighborhoods' average rent is higher than 21216's average rent, which is only $1,650. Out of all the neighborhoods in or near 21216, Downtown Baltimore has the most affordable average rent at $1,693 per month. Whereas, at $2,695 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
Downtown Baltimore, Baltimore, MD $2,750 $1,500 $1,750 $1,693
Canton, Baltimore, MD N/A $1,841 $2,631 $2,695

Top Counties Near 21216

There are a total of 2 counties located by 21216, Baltimore, MD. The average rent for rentals in these counties is $1,925. That's roughly around $2 per sqft. The county that is the most affordable is Baltimore, MD. It's average rent per month is $1,750. Vice versa, with an average rent of $2,100, Baltimore, MD is the most expensive county by 21216, Baltimore, MD.

Typically, rent for studios in 21216, Baltimore, MD is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 21216, Baltimore, MD is 58.70% more affordable than other counties nearby. Finally, rent for two bedrooms in 21216, Baltimore, MD is 11.09% 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 $1,900 $1,300 $1,675 $1,750
Baltimore, MD $1,497 $1,636 $2,000 $2,100

Top Zipcodes Near 21216

There are a total of 7 zipcodes in or near 21216, Baltimore, MD. The average rent for all of these zipcodes is $1,978. 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 21217, Baltimore, MD at $1,523 per month. In comparison, the zipcode with the most expensive average rent of $2,250 per month is 21231, Baltimore, MD.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 21216, Baltimore, MD is $1,600 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,950 per month. Which comes out to $2 per sqft. The following chart includes the top 7 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 $1,525 $1,675 $1,950 $2,075
21204, Towson, MD N/A $1,660 $2,126 $1,978
21230, Baltimore, MD N/A $1,975 $2,000 $2,200
21217, Baltimore, MD N/A $1,475 $1,574 $1,523
21201, Baltimore, MD $2,750 $1,398 $1,800 $1,698
21218, Baltimore, MD N/A $1,300 $1,550 $1,650
21231, Baltimore, MD N/A $1,600 $1,950 $2,250

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 $1,650. 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 $0 and an average price per square feet of $0.00. There are a total of 0 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 $925 and an average price per square feet of $0.71. There are a total of 6 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 $1,654 and an average price per square feet of $1.52. There are a total of 6 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 -0.32%, one bedroom rental prices have changed by -0.01%, two bedroom rental prices have changed by -0.05%, and three bedroom rental prices have changed by 0.00% year-over-year.
What is a reasonable rent price in 21216, Baltimore, MD?
A reasonable rent price in 21216, Baltimore, MD is around $1,320/month. You can search for these reasonably priced rental listings on RentHop.
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
© 2009 - 2024 RentHop.com™
Quantcast