Average Rent in Maryland

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Current Versus Historical Maryland Rents

Maryland rentals average $1,400 for a studio rental to $3,200 for a 4-bedroom rental. The median price of all currently available listings is $2,300, 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 decreased by $404 (-19.24%) year-over-year from $2,100 to $1,696. 1-bedroom rentals prices have decreased by $129 (-5.71%) year-over-year from $2,260 to $2,131. 2-bedroom rentals prices have decreased by $765 (-27.17%) year-over-year from $2,815 to $2,050. 3-bedroom rentals prices have increased by $133 (5.63%) year-over-year from $2,367 to $2,500. 4-bedroom rentals prices have increased by $317 (10.98%) year-over-year from $2,883 to $3,200. 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 18.38% this month. 1-bedroom rents have gone down by 3.63% this month. 2-bedroom rents have gone down by 13.64% this month. 3-bedroom rents have gone up by 1.35% this month. 4-bedroom rents have gone up by 3.28% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.02	$1,696	$2,100 (-19.24%)	$1,377 (23.18%)
1 BR	$2.27	$2,131	$2,260 (-5.71%)	$1,628 (30.90%)
2 BR	$1.83	$2,050	$2,815 (-27.17%)	$1,903 (7.71%)
3 BR	$1.67	$2,500	$2,367 (5.63%)	$2,033 (22.95%)
4+ BR	$1.60	$3,200	$2,883 (10.98%)	$2,665 (20.08%)

Historical Rents in Maryland

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Maryland

There are a total of 47 cities nearby Maryland. The average rent in Maryland is currently $2,666 per month. A total of 17 cities nearby have an average rent lower than that. Our records show that Akron, OH, with an average rent of $975, is the most affordable city nearby. In contrast, the most expensive city near Maryland is Hampton Bays, NY. Monthly rents here are on average $24,500 per month.

Let's compare Maryland's rent against other top cities nearby by bedroom size. Typically, rent for studios in Maryland is on par with the other cities nearby. One bedrooms are about 11.55% more affordable. Two bedrooms in Maryland are about 25.06% more affordable. Finally, rent for three bedrooms are about 22.00% more affordable. Want more information? Check out the top 10 cities out of 47 total cities near Maryland in the following chart.

City	Studio	1 Bed	2 Bed	All
Baltimore, MD	$1,400	$1,465	$1,700	$1,800
Towson, MD	$1,473	$1,743	$2,063	$1,974
Germantown, MD	N/A	$1,712	$2,000	$2,100
McNair, VA	$1,813	$2,025	$2,456	$2,224
Alexandria, VA	$1,995	$1,900	$2,491	$2,273
King of Prussia, PA	$1,697	$2,076	$2,618	$2,313
Lincolnia, VA	N/A	$1,951	$2,487	$2,392
Arlington, VA	$1,876	$2,416	$3,317	$2,693
Washington, DC	$1,958	$2,512	$3,475	$2,999
Bethesda, MD	$2,304	$2,627	$3,857	$3,661

Top Neighborhoods Near Maryland

There are a total of 99 neighborhoods in or near Maryland. Some of these neighborhoods include North Philadelphia East, North Philadelphia West, and Center City East. We've included the top 30 neighborhoods out of 99 total neighborhoods in or near Maryland in the following chart.

The average rent for these 30 neighborhoods in or near Maryland is currently around $3,254 per month. A total of 29 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is higher than Maryland's average rent, which is only $2,300. Out of all the neighborhoods in or near Maryland, Cobbs Creek has the most affordable average rent at $1,325 per month. Whereas, at $13,500 average rent per month, Lower Chelsea is the most expensive neighborhood in or near Maryland. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
North Philadelphia East, Philadelphia, PA	$1,295	$1,425	$1,652	$1,650
North Philadelphia West, Philadelphia, PA	$1,228	$1,420	$1,600	$1,650
Center City East, Philadelphia, PA	$1,425	$1,900	$2,780	$2,098
Washington Heights, New York, NY	$1,840	$2,487	$2,995	$3,115
East Harlem, New York, NY	$2,600	$2,932	$3,195	$3,225
Flatbush, New York, NY	$2,625	$2,900	$3,200	$3,261
Bedford-Stuyvesant, New York, NY	$2,400	$2,780	$3,000	$3,299
Harlem, New York, NY	$2,600	$3,000	$3,290	$3,400
Bushwick, New York, NY	$2,567	$2,850	$3,450	$3,500
West Harlem, New York, NY	$2,650	$3,000	$3,400	$3,500
Upper East Side, New York, NY	$2,840	$3,700	$4,895	$3,995
Long Island City, New York, NY	$3,300	$4,000	$5,882	$4,011
Financial District, New York, NY	$3,495	$4,455	$6,410	$4,267
Prospect Heights, New York, NY	$3,542	$4,395	$6,100	$4,300
East Village, New York, NY	$2,700	$3,595	$4,495	$4,495
Hell's Kitchen, New York, NY	$3,435	$4,196	$5,995	$4,495
Midtown East, New York, NY	$3,300	$4,295	$5,850	$4,500
Murray Hill, New York, NY	$3,550	$4,200	$6,678	$4,600
Lower East Side, New York, NY	$3,695	$3,395	$4,495	$4,600
Kips Bay, New York, NY	$3,738	$4,000	$5,150	$4,695
Williamsburg, New York, NY	$3,640	$4,427	$4,650	$4,700
West Village, New York, NY	$3,948	$4,595	$5,400	$4,800
Greenwich Village, New York, NY	$4,150	$4,800	$5,310	$4,800
Upper West Side, New York, NY	$3,090	$4,395	$5,977	$4,800
Midtown, New York, NY	$3,550	$4,325	$6,600	$4,873
Hudson Yards, New York, NY	$3,739	$4,795	$6,950	$5,004
Chelsea, New York, NY	$3,830	$5,427	$7,652	$5,112
NoMad, New York, NY	$4,444	$5,587	$8,126	$5,883
Gramercy Park, New York, NY	$3,815	$5,168	$5,312	$6,100
Tribeca, New York, NY	$4,250	$6,175	$7,295	$6,895

Top Counties Near Maryland

There are a total of 99 counties located by Maryland. Some of these counties include Baltimore, MD, 9, MD, and 13, MD. The average rent for rentals in these counties is $3,000. That's roughly around $3 per sqft. A total of 12 counties have a lower average rent. The county that is the most affordable is Cleveland, OH. It's average rent per month is $1,250. Vice versa, with an average rent of $37,000, Southampton, NY is the most expensive county by Maryland.

Typically, rent for studios in Maryland is 25.98% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Maryland is 18.93% more affordable than other counties nearby. Finally, rent for two bedrooms in Maryland is 33.82% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Baltimore, MD	$1,400	$1,465	$1,700	$1,800
9, MD	$1,400	$1,721	$2,057	$1,950
13, MD	$1,676	$2,061	$2,600	$2,257
Alexandria, VA	$1,995	$1,900	$2,491	$2,273
Mason, VA	$1,725	$1,948	$2,490	$2,400
Mount Vernon, VA	N/A	$1,949	$2,493	$2,550
Arlington, VA	$1,876	$2,416	$3,317	$2,693
Washington, DC	$1,958	$2,512	$3,475	$2,999
4, MD	N/A	$1,875	$2,650	$3,118
7, MD	$2,302	$2,627	$3,839	$3,839

Top Zipcodes Near Maryland

There are a total of 50 zipcodes in or near Maryland. The average rent for all of these zipcodes is $4,273. A total of 11 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 43201, Columbus, OH at $1,595 per month. In comparison, the zipcode with the most expensive average rent of $18,250 per month is 08402, Margate City, NJ.

Studios in these zipcodes have an average rent of $3,038. That's at least $7 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Maryland is $4,037 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,848 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in Maryland. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10016, New York, NY	$3,600	$4,200	$5,995	$4,619
10003, New York, NY	$3,815	$4,800	$5,100	$5,000
10019, New York, NY	$3,525	$4,163	$6,430	$4,650
10009, New York, NY	$2,625	$3,600	$4,495	$4,495
10128, New York, NY	$3,210	$3,750	$5,395	$3,946
10038, New York, NY	$3,438	$4,500	$6,463	$4,370
10022, New York, NY	$3,350	$4,353	$5,591	$4,500
10005, New York, NY	$3,579	$4,428	$6,050	$4,295
10011, New York, NY	$3,600	$5,500	$5,495	$4,795
10010, New York, NY	$3,999	$4,275	$5,445	$5,305

Frequently Asked Questions - Maryland Average Rents

What is the average rent price in Maryland?

The average monthly rental price for Maryland apartments for rent is approximately $2,300. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Maryland 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 Maryland.

How much is a studio apartment in Maryland?

The average monthly rental price for studio apartments is $1,400 and an average price per square feet of $2.02. There are a total of 80 studio apartment listings currently available for rent in Maryland.

How much is a one bedroom apartment in Maryland?

The average monthly rental price for one bedroom apartments is $1,749 and an average price per square feet of $2.27. There are a total of 466 one bedroom apartment listings currently available for rent in Maryland.

How much is a two bedroom apartment in Maryland?

The average monthly rental price for two bedroom apartments is $1,999 and an average price per square feet of $1.83. There are a total of 726 two bedroom apartment listings currently available for rent in Maryland.

How have rent prices in Maryland changed this year?

Rent prices for rentals in Maryland can fluctuate yearly. Specifically, studio rental prices have changed by -0.19%, one bedroom rental prices have changed by -0.06%, two bedroom rental prices have changed by -0.27%, and three bedroom rental prices have changed by 0.06% year-over-year.

What is a reasonable rent price in Maryland?

A reasonable rent price in Maryland is around $1,840/month. You can search for these reasonably priced rental listings on RentHop.