Average Rent in 21224, Baltimore, MD

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Current Versus Historical 21224, Baltimore, MD Rents

21224 rentals average $1,525 for a studio rental to $3,000 for a 4-bedroom rental. The median price of all currently available listings is $2,151, or roughly $2 per square feet.
For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $208 (-12.91%) year-over-year from $1,608 to $1,400. 1-bedroom rentals prices have increased by $17 (0.98%) year-over-year from $1,747 to $1,765. 2-bedroom rentals prices have increased by $67 (3.46%) year-over-year from $1,933 to $2,000. 3-bedroom rentals prices have increased by $217 (8.72%) year-over-year from $2,483 to $2,700. 4-bedroom rentals prices have increased by $833 (35.97%) year-over-year from $2,317 to $3,150. 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 16.00% this month. 1-bedroom rents have gone up by 8.12% this month. 2-bedroom rents have gone down by 5.51% this month. 3-bedroom rents have gone up by 9.65% this month. 4-bedroom rents have gone down by 4.30% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $1.04 $1,400 $1,608 (-12.91%) $2,614 (-46.44%)
1 BR $1.92 $1,765 $1,747 (0.98%) $1,742 (1.29%)
2 BR $1.77 $2,000 $1,933 (3.46%) $1,800 (11.11%)
3 BR $1.69 $2,700 $2,483 (8.72%) $2,233 (20.90%)
4+ BR $2.01 $3,150 $2,317 (35.97%) $3,075 (2.44%)

Historical Rents in 21224, Baltimore, MD

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 21224

There are a total of 2 cities nearby 21224. The average rent in 21224 is currently $1,855 per month. A total of 2 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 21224, Baltimore, MD is Towson, MD. Monthly rents here are on average $1,910 per month.

Let's compare 21224, Baltimore, MD's rent against other top cities nearby by bedroom size. Typically, rent for studios in 21224, Baltimore, MD is 4.82% more expensive than other cities nearby. One bedrooms are about 9.62% more expensive. Two bedrooms in 21224, Baltimore, MD are about 5.90% more expensive. Finally, rent for three bedrooms are about 21.30% more expensive. Want more information? Check out the top 2 cities near 21224, Baltimore, MD in the following chart.
City Studio 1 Bed 2 Bed All
Baltimore, MD $1,430 $1,475 $1,700 $1,800
Towson, MD $1,473 $1,709 $2,063 $1,910

Top Neighborhoods Near 21224

There are a total of 1 neighborhoods in or near 21224. We've included all of these top 1 neighborhoods in or near 21224, Baltimore, MD in the following chart.

The average rent for these 1 neighborhoods in or near 21224, Baltimore, MD is currently around $1,638 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near 21224, Downtown Baltimore has the most affordable average rent at $1,638 per month. Whereas, at $1,638 average rent per month, Downtown Baltimore is the most expensive neighborhood in or near 21224. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Downtown Baltimore, Baltimore, MD $2,675 $1,400 $1,775 $1,638

Top Counties Near 21224

There are a total of 1 counties located by 21224, Baltimore, MD. The average rent for rentals in these counties is $1,950. That's roughly around $2 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Baltimore, MD. It's average rent per month is $1,800. Vice versa, with an average rent of $2,100, Baltimore, MD is the most expensive county by 21224, Baltimore, MD.

Typically, rent for studios in 21224, Baltimore, MD is 7.21% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 21224, Baltimore, MD is 12.04% more expensive than other counties nearby. Finally, rent for two bedrooms in 21224, Baltimore, MD is 6.25% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Baltimore, MD $1,430 $1,440 $1,700 $1,800
Baltimore, MD $1,400 $1,659 $2,049 $2,100

Top Zipcodes Near 21224

There are a total of 6 zipcodes in or near 21224, Baltimore, MD. The average rent for all of these zipcodes is $1,996. A total of 5 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 $1,600 per month. In comparison, the zipcode with the most expensive average rent of $2,200 per month is 21230, Baltimore, MD.

Studios in these zipcodes have an average rent of $543. That's at least $1 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 21224, Baltimore, MD is $1,513 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,875 per month. Which comes out to $2 per sqft. The following chart includes the top 6 zipcodes in 21224, Baltimore, MD. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
21204, Towson, MD N/A $1,659 $2,078 $1,993
21230, Baltimore, MD $1,430 $1,775 $1,850 $2,200
21202, Baltimore, MD $1,085 $1,470 $2,125 $2,000
21217, Baltimore, MD N/A $1,475 $1,625 $1,600
21201, Baltimore, MD $2,750 $1,395 $1,700 $1,650
21231, Baltimore, MD N/A $1,550 $1,900 $2,050

Frequently Asked Questions - 21224 Average Rents

What is the average rent price in 21224, Baltimore, MD?
The average monthly rental price for 21224, Baltimore, MD apartments for rent is approximately $2,151. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 21224, 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 21224, Baltimore, MD.
How much is a studio apartment in 21224, Baltimore, MD?
The average monthly rental price for studio apartments is $1,525 and an average price per square feet of $1.04. There are a total of 2 studio apartment listings currently available for rent in 21224.
How much is a one bedroom apartment in 21224, Baltimore, MD?
The average monthly rental price for one bedroom apartments is $1,762 and an average price per square feet of $1.92. There are a total of 20 one bedroom apartment listings currently available for rent in 21224.
How much is a two bedroom apartment in 21224, Baltimore, MD?
The average monthly rental price for two bedroom apartments is $2,000 and an average price per square feet of $1.77. There are a total of 40 two bedroom apartment listings currently available for rent in 21224.
How have rent prices in 21224, Baltimore, MD changed this year?
Rent prices for rentals in 21224, Baltimore, MD can fluctuate yearly. Specifically, studio rental prices have changed by -0.13%, one bedroom rental prices have changed by 0.01%, two bedroom rental prices have changed by 0.03%, and three bedroom rental prices have changed by 0.09% year-over-year.
What is a reasonable rent price in 21224, Baltimore, MD?
A reasonable rent price in 21224, Baltimore, MD is around $1,721/month. You can search for these reasonably priced rental listings on RentHop.
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