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Average Rent in Downtown Baltimore, Baltimore, MD

Home  »  MD  »  Baltimore  »  Downtown Baltimore

Current Versus Historical Downtown Baltimore, Baltimore, MD Rents

Downtown Baltimore rentals average $2,675 for a studio rental to $2,048 for a 3-bedroom rental. The median price of all currently available listings is $1,638, or roughly $2 per square feet.
For the apartment units and housing in April 2024, median rents have fallenover the last year. Studio rentals prices have increased by $925 (78.72%) year-over-year from $1,175 to $2,100. 1-bedroom rentals prices have decreased by $105 (-7.47%) year-over-year from $1,405 to $1,300. 2-bedroom rentals prices have increased by $288 (18.16%) year-over-year from $1,585 to $1,873. 3-bedroom rentals prices have increased by $348 (18.32%) year-over-year from $1,902 to $2,250. 4-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $1,850 to $1,850. 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 31.41% this month. 1-bedroom rents have gone down by 5.68% this month. 2-bedroom rents have gone up by 3.75% this month. 3-bedroom rents have gone up by 2.08% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
 Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $1.96 $2,100 $1,175 (78.72%) $793 (164.75%)
1 BR $1.77 $1,300 $1,405 (-7.47%) $1,214 (7.10%)
2 BR $1.39 $1,873 $1,585 (18.16%) $1,537 (21.80%)
3 BR $1.35 $2,250 $1,902 (18.32%) $2,303 (-2.29%)

Historical Rents in Downtown Baltimore, Baltimore, MD

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Downtown Baltimore

There are a total of 2 cities nearby Downtown Baltimore. The average rent in Downtown Baltimore is currently $1,859 per month. 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 Downtown Baltimore, Baltimore, MD is Towson, MD. Monthly rents here are on average $1,917 per month.

Let's compare Downtown Baltimore, Baltimore, MD's rent against other top cities nearby by bedroom size. Typically, rent for studios in Downtown Baltimore, Baltimore, MD is 46.30% more expensive than other cities nearby. One bedrooms are about 11.46% more affordable. Two bedrooms in Downtown Baltimore, Baltimore, MD are about 7.94% more affordable. Finally, rent for three bedrooms are about 3.79% more affordable. Want more information? Check out the top 2 cities near Downtown Baltimore, Baltimore, MD in the following chart.
City Studio 1 Bed 2 Bed All
Baltimore, MD $1,400 $1,400 $1,700 $1,800
Towson, MD $1,473 $1,721 $2,078 $1,917

Top Neighborhoods Near Downtown Baltimore



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near Downtown Baltimore

The average rent for rentals in these counties is $1,975. That's roughly around $2 per sqft. The county that is the most affordable is Baltimore, MD. It's average rent per month is $1,800. Vice versa, with an average rent of $2,150, Baltimore, MD is the most expensive county by Downtown Baltimore, Baltimore, MD.

Typically, rent for studios in Downtown Baltimore, Baltimore, MD is 44.93% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Downtown Baltimore, Baltimore, MD is 9.75% more affordable than other counties nearby. Finally, rent for two bedrooms in Downtown Baltimore, Baltimore, MD is 7.80% 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 $1,400 $1,400 $1,700 $1,800
Baltimore, MD $1,546 $1,673 $2,073 $2,150

Top Zipcodes Near Downtown Baltimore

There are a total of 7 zipcodes in or near Downtown Baltimore, Baltimore, MD. The average rent for all of these zipcodes is $1,990.

The following chart includes the top 7 zipcodes in Downtown Baltimore, Baltimore, MD. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
21201, Baltimore, MD $2,675 $1,388 $1,698 $1,663
21202, Baltimore, MD $1,085 $1,400 $2,050 $1,950
21231, Baltimore, MD N/A $1,450 $1,900 $2,050
21217, Baltimore, MD N/A $1,475 $1,650 $1,600
21230, Baltimore, MD $1,400 $1,650 $1,948 $2,250
21224, Baltimore, MD $1,525 $1,841 $1,850 $2,050
21204, Towson, MD N/A $1,679 $2,144 $1,990

Frequently Asked Questions - Downtown Baltimore Average Rents

What is the average rent price in Downtown Baltimore, Baltimore, MD?
The average monthly rental price for Downtown Baltimore, Baltimore, MD apartments for rent is approximately $1,638. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Downtown Baltimore, 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 Downtown Baltimore, Baltimore, MD.
How much is a studio apartment in Downtown Baltimore, Baltimore, MD?
The average monthly rental price for studio apartments is $2,675 and an average price per square feet of $1.96. There are a total of 10 studio apartment listings currently available for rent in Downtown Baltimore.
How much is a one bedroom apartment in Downtown Baltimore, Baltimore, MD?
The average monthly rental price for one bedroom apartments is $1,400 and an average price per square feet of $1.77. There are a total of 23 one bedroom apartment listings currently available for rent in Downtown Baltimore.
How much is a two bedroom apartment in Downtown Baltimore, Baltimore, MD?
The average monthly rental price for two bedroom apartments is $1,750 and an average price per square feet of $1.39. There are a total of 17 two bedroom apartment listings currently available for rent in Downtown Baltimore.
How have rent prices in Downtown Baltimore, Baltimore, MD changed this year?
Rent prices for rentals in Downtown Baltimore, Baltimore, MD can fluctuate yearly. Specifically, studio rental prices have changed by 0.79%, one bedroom rental prices have changed by -0.07%, two bedroom rental prices have changed by 0.18%, and three bedroom rental prices have changed by 0.18% year-over-year.
What is a reasonable rent price in Downtown Baltimore, Baltimore, MD?
A reasonable rent price in Downtown Baltimore, Baltimore, MD is around $1,310/month. You can search for these reasonably priced rental listings on RentHop.
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