Average Rent in Baltimore, MD

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Current Versus Historical Baltimore, MD Rents

Baltimore rentals average $1,200 for a studio rental to $2,200 for a 4-bedroom rental. The median price of all currently available listings is $1,795, or roughly $2 per square feet.
For the apartment units and housing in February 2024, median rents have fallenover the last year. Studio rentals prices have decreased by $368 (-26.87%) year-over-year from $1,368 to $1,000. 1-bedroom rentals prices have decreased by $78 (-5.95%) year-over-year from $1,305 to $1,227. 2-bedroom rentals prices have decreased by $24 (-1.52%) year-over-year from $1,574 to $1,550. 3-bedroom rentals prices have increased by $83 (4.93%) year-over-year from $1,675 to $1,758. 4-bedroom rentals prices have increased by $295 (16.03%) year-over-year from $1,840 to $2,135. 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 17.92% this month. 1-bedroom rents have gone up by 0.11% this month. 2-bedroom rents have gone down by 2.11% this month. 3-bedroom rents have gone up by 2.33% this month. 4-bedroom rents have gone up by 7.02% this month.
Beds
Price / Sqft
Feb 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.05 $1,000 $1,368 (-26.87%) $929 (7.62%)
1 BR $1.76 $1,227 $1,305 (-5.95%) $1,132 (8.42%)
2 BR $1.67 $1,550 $1,574 (-1.52%) $1,418 (9.28%)
3 BR $1.54 $1,758 $1,675 (4.93%) $1,467 (19.83%)
4+ BR $1.42 $2,135 $1,840 (16.03%) $1,700 (25.60%)

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 $1,857 per month. Our records show that Towson, MD, with an average rent of $1,857, is the most affordable city nearby. In contrast, the most expensive city near Baltimore, MD is Towson, MD. Monthly rents here are on average $1,857 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 26.08% more affordable than other cities nearby. One bedrooms are about 28.00% more affordable. Two bedrooms in Baltimore, MD are about 24.88% more affordable. Finally, rent for three bedrooms are about 26.32% 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 $1,513 $1,664 $2,123 $1,857

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 $2,400 per month. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is higher than Baltimore's average rent, which is only $1,795. Out of all the neighborhoods in or near Baltimore, Canton has the most affordable average rent at $2,400 per month. Whereas, at $2,400 average rent per month, Canton is the most expensive neighborhood in or near Baltimore. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Canton, Baltimore, MD N/A $2,024 $2,440 $2,400

Top Counties Near Baltimore

There are a total of 1 counties located by Baltimore, MD. The average rent for rentals in these counties is $1,996. That's roughly around $2 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 $1,793. Vice versa, with an average rent of $2,199, Baltimore, MD is the most expensive county by Baltimore, MD.

Typically, rent for studios in Baltimore, MD is 13.58% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Baltimore, MD is 13.46% more affordable than other counties nearby. Finally, rent for two bedrooms in Baltimore, MD is 11.47% 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 $1,200 $1,300 $1,700 $1,793
Baltimore, MD $1,526 $1,650 $2,090 $2,199

Top Zipcodes Near Baltimore

There are a total of 7 zipcodes in or near Baltimore, MD. The average rent for all of these zipcodes is $1,894. 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 21217, Baltimore, MD at $1,500 per month. In comparison, the zipcode with the most expensive average rent of $2,300 per month is 21230, Baltimore, MD.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Baltimore, MD is $1,650 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,000 per month. Which comes out to $2 per sqft. The following chart includes the top 7 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 $1,200 $1,871 $2,000 $2,128
21204, Towson, MD N/A $1,679 $2,148 $1,894
21230, Baltimore, MD N/A $1,700 $2,200 $2,300
21202, Baltimore, MD N/A $1,500 $2,100 $1,750
21217, Baltimore, MD N/A $1,200 $1,500 $1,500
21218, Baltimore, MD $1,048 $1,300 $1,495 $1,600
21231, Baltimore, MD N/A $1,650 $2,000 $2,150

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 $1,795. 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 $1,200 and an average price per square feet of $2.05. There are a total of 13 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 $1,300 and an average price per square feet of $1.76. There are a total of 140 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 $1,700 and an average price per square feet of $1.67. There are a total of 261 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 -0.27%, one bedroom rental prices have changed by -0.06%, two bedroom rental prices have changed by -0.02%, 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 $1,436/month. You can search for these reasonably priced rental listings on RentHop.
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