Average Rent in Baltimore, MD

Current Versus Historical Baltimore, MD Rents

Baltimore rentals average $1,050 for a studio rental to $1,800 for a 4-bedroom rental. The median price of all currently available listings is $1,500, or roughly $18 per square feet.

For the apartment units and housing in March 2023, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $3 (0.23%) year-over-year from $1,427 to $1,430. 1-bedroom rentals prices have decreased by $15 (-1.16%) year-over-year from $1,265 to $1,250. 2-bedroom rentals prices have increased by $17 (1.06%) year-over-year from $1,583 to $1,600. 3-bedroom rentals prices have increased by $83 (5.32%) year-over-year from $1,567 to $1,650. 4-bedroom rentals prices have decreased by $222 (-11.54%) year-over-year from $1,922 to $1,700. 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 4.95% this month. 1-bedroom rents have gone down by 0.40% this month. 2-bedroom rents have gone up by 1.16% this month. 3-bedroom rents have gone down by 2.46% this month. 4-bedroom rents have gone down by 8.44% this month.

Beds	Price / Sqft	Mar 2023 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$29	$1,430	$1,427 (0.23%)	$883 (61.89%)
1 BR	$22	$1,250	$1,265 (-1.16%)	$975 (28.25%)
2 BR	$19	$1,600	$1,583 (1.06%)	$1,250 (28.00%)
3 BR	$16	$1,650	$1,567 (5.32%)	$1,333 (23.75%)
4+ BR	$15	$1,700	$1,922 (-11.54%)	$2,064 (-17.64%)

Historical Rents in Baltimore, MD

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Baltimore

There are a total of 1 cities nearby Baltimore. The average rent in Baltimore is currently $1,918 per month. Our records show that Towson, MD, with an average rent of $1,918, is the most affordable city nearby. In contrast, the most expensive city near Baltimore, MD is Towson, MD. Monthly rents here are on average $1,918 per month.

Let's compare Baltimore, MD's rent against other top cities nearby by bedroom size. Typically, rent for studios in Baltimore, MD is 54.98% more affordable than other cities nearby. One bedrooms are about 49.24% more affordable. Two bedrooms in Baltimore, MD are about 37.90% more affordable. Finally, rent for three bedrooms are about 52.24% more affordable. Want more information? Check out the top 1 cities near Baltimore, MD in the following chart.

City	Studio	1 Bed	2 Bed	All
Towson, MD	$1,627	$1,769	$2,205	$1,918

Top Neighborhoods Near Baltimore

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

The average rent for these 1 neighborhoods in or near Baltimore, MD is currently around $1,399 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near Baltimore, Downtown Baltimore has the most affordable average rent at $1,399 per month. Whereas, at $1,399 average rent per month, Downtown Baltimore is the most expensive neighborhood in or near Baltimore. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Downtown Baltimore, Baltimore, MD	$1,046	$1,335	$1,645	$1,399

Top Counties Near Baltimore

There are a total of 1 counties located by Baltimore, MD. The average rent for rentals in these counties is $1,698. That's roughly around $20 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Baltimore, MD. It's average rent per month is $1,500. Vice versa, with an average rent of $1,895, Baltimore, MD is the most expensive county by Baltimore, MD.

Typically, rent for studios in Baltimore, MD is 24.99% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Baltimore, MD is 21.75% more affordable than other counties nearby. Finally, rent for two bedrooms in Baltimore, MD is 5.39% 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	$1,050	$1,175	$1,599	$1,500
Baltimore, MD	$1,574	$1,711	$1,772	$1,895

Top Zipcodes Near Baltimore

There are a total of 11 zipcodes in or near Baltimore, MD. The average rent for all of these zipcodes is $1,400. A total of 7 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 $1,250 per month. In comparison, the zipcode with the most expensive average rent of $1,993 per month is 21204, Towson, MD.

Studios in these zipcodes have an average rent of $948. That's at least $27 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Baltimore, MD is $1,290 per month. Or in other words, $21 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,599 per month. Which comes out to $20 per sqft. The following chart includes the top 10 zipcodes in 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	$1,585	$1,900	$1,942
21204, Towson, MD	N/A	$1,822	$2,280	$1,993
21230, Baltimore, MD	$1,350	$1,500	$1,950	$1,800
21217, Baltimore, MD	$1,050	$1,075	$1,325	$1,250
21202, Baltimore, MD	$1,049	$1,295	$1,850	$1,375
21218, Baltimore, MD	$895	$1,175	$1,572	$1,400
21201, Baltimore, MD	$1,091	$1,290	$1,599	$1,399
21231, Baltimore, MD	$1,050	$1,450	$1,875	$1,900
21216, Baltimore, MD	N/A	$940	$1,250	$1,468
21215, Baltimore, MD	N/A	$875	$1,200	$1,395

Frequently Asked Questions - Baltimore Average Rents

What is the average rent price in Baltimore, MD?

The average monthly rental price for 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 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 Baltimore, MD.

How much is a studio apartment in Baltimore, MD?

The average monthly rental price for studio apartments is $1,050 and an average price per square feet of $28.51. There are a total of 66 studio apartment listings currently available for rent in Baltimore.

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

The average monthly rental price for one bedroom apartments is $1,185 and an average price per square feet of $21.82. There are a total of 289 one bedroom apartment listings currently available for rent in Baltimore.

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

The average monthly rental price for two bedroom apartments is $1,599 and an average price per square feet of $19.25. There are a total of 362 two bedroom apartment listings currently available for rent in Baltimore.

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

Rent prices for rentals in Baltimore, MD can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by -0.01%, two bedroom rental prices have changed by 0.01%, and three bedroom rental prices have changed by 0.05% year-over-year.

What is a reasonable rent price in Baltimore, MD?

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