Average Rent in Maryland

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Current Versus Historical Maryland Rents

Maryland rentals average $1,488 for a studio rental to $3,300 for a 4-bedroom rental. The median price of all currently available listings is $2,400, or roughly $20 per square feet.

For the apartment units and housing in October 2023, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $769 (-33.89%) year-over-year from $2,269 to $1,500. 1-bedroom rentals prices have decreased by $416 (-18.33%) year-over-year from $2,269 to $1,853. 2-bedroom rentals prices have decreased by $961 (-33.01%) year-over-year from $2,911 to $1,950. 3-bedroom rentals prices have increased by $192 (8.13%) year-over-year from $2,358 to $2,550. 4-bedroom rentals prices have increased by $383 (13.37%) year-over-year from $2,867 to $3,250. 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 18.29% this month. 1-bedroom rents have gone down by 11.58% this month. 2-bedroom rents have gone down by 9.30% this month. 3-bedroom rents have gone up by 1.32% this month. 4-bedroom rents have gone up by 1.11% this month.

Beds	Price / Sqft	Oct 2023 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$36	$1,500	$2,269 (-33.89%)	$1,257 (19.33%)
1 BR	$28	$1,853	$2,269 (-18.33%)	$1,500 (23.57%)
2 BR	$21	$1,950	$2,911 (-33.01%)	$1,650 (18.18%)
3 BR	$18	$2,550	$2,358 (8.13%)	$1,967 (29.66%)
4+ BR	$17	$3,250	$2,867 (13.37%)	$2,500 (30.00%)

Historical Rents in Maryland

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Maryland

There are a total of 45 cities nearby Maryland. The average rent in Maryland is currently $2,500 per month. A total of 20 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 $15,000 per month.

Let's compare Maryland's rent against other top cities nearby by bedroom size. Typically, rent for studios in Maryland is 15.99% more expensive than other cities nearby. One bedrooms are about 2.61% more expensive. Two bedrooms in Maryland are about 18.54% more affordable. Finally, rent for three bedrooms are about 14.96% more affordable. Want more information? Check out the top 10 cities out of 45 total cities near Maryland in the following chart.

City	Studio	1 Bed	2 Bed	All
Philadelphia, PA	$1,395	$1,550	$1,800	$1,795
Baltimore, MD	$1,099	$1,398	$1,750	$1,800
Towson, MD	$1,575	$1,810	$1,931	$1,911
McNair, VA	$1,897	$1,929	$2,326	$2,086
Alexandria, VA	$1,943	$1,841	$2,256	$2,175
Lincolnia, VA	N/A	$1,868	$2,312	$2,251
King of Prussia, PA	$1,732	$2,086	$2,690	$2,500
Arlington, VA	$1,688	$2,366	$3,207	$2,656
Washington, DC	$2,195	$2,754	$3,745	$3,265
Margate City, NJ	$3,750	$2,200	$2,050	$7,000

Top Neighborhoods Near Maryland

There are a total of 69 neighborhoods in or near Maryland. Some of these neighborhoods include North Philadelphia West, North Philadelphia East, and Center City East. We've included the top 30 neighborhoods out of 69 total neighborhoods in or near Maryland in the following chart.

The average rent for these 30 neighborhoods in or near Maryland is currently around $4,150 per month. A total of 11 neighborhoods have a lower average rent. Meaning, only nineteen neighborhoods have a higher average rent than $4,150. Interestingly, the neighborhoods' average rent is higher than Maryland's average rent, which is only $2,400. Out of all the neighborhoods in or near Maryland, Point Breeze has the most affordable average rent at $1,595 per month. Whereas, at $8,000 average rent per month, Ocean Beach 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 West, Philadelphia, PA	$1,250	$1,244	$1,529	$1,600
North Philadelphia East, Philadelphia, PA	$1,250	$1,336	$1,675	$1,650
Center City East, Philadelphia, PA	$1,695	$2,000	$2,895	$2,179
Washington Heights, New York, NY	$2,350	$2,400	$2,850	$3,000
Flatbush, New York, NY	$2,474	$2,821	$3,099	$3,095
Bedford-Stuyvesant, New York, NY	$2,400	$2,680	$3,115	$3,300
Harlem, New York, NY	$2,500	$2,800	$3,495	$3,300
West Harlem, New York, NY	$2,500	$2,650	$3,450	$3,395
Bushwick, New York, NY	$2,799	$2,950	$3,249	$3,399
East Harlem, New York, NY	$2,633	$2,995	$3,695	$3,423
Upper East Side, New York, NY	$2,600	$3,400	$5,120	$3,850
Murray Hill, New York, NY	$3,450	$4,150	$6,495	$3,995
Financial District, New York, NY	$3,530	$4,482	$6,233	$4,190
Long Island City, New York, NY	$3,395	$4,170	$5,975	$4,301
Prospect Heights, New York, NY	$3,316	$4,225	$6,222	$4,354
Hudson Yards, New York, NY	$3,886	$4,379	$7,070	$4,490
East Village, New York, NY	$3,250	$3,595	$4,695	$4,500
West Village, New York, NY	$3,500	$4,550	$5,995	$4,550
Kips Bay, New York, NY	$3,815	$3,915	$5,400	$4,595
Midtown East, New York, NY	$3,300	$4,495	$5,850	$4,650
Midtown, New York, NY	$3,395	$4,306	$6,250	$4,665
Hell's Kitchen, New York, NY	$3,550	$4,250	$6,131	$4,735
Upper West Side, New York, NY	$3,400	$4,417	$6,395	$4,750
Chelsea, New York, NY	$3,600	$5,254	$7,514	$4,901
Lower East Side, New York, NY	$3,495	$3,495	$4,795	$4,995
Williamsburg, New York, NY	$3,750	$4,125	$5,125	$4,996
Greenwich Village, New York, NY	$4,250	$5,500	$6,200	$5,450
NoMad, New York, NY	$4,455	$5,520	$6,295	$5,663
Gramercy Park, New York, NY	$3,825	$5,226	$5,675	$5,764
Tribeca, New York, NY	$3,999	$5,800	$8,049	$6,997

Top Counties Near Maryland

There are a total of 69 counties located by Maryland. Some of these counties include Baltimore, MD, 9, MD, and Alexandria, VA. The average rent for rentals in these counties is $2,928. That's roughly around $32 per sqft. A total of 15 counties have a lower average rent. The county that is the most affordable is Cleveland, OH. It's average rent per month is $1,275. Vice versa, with an average rent of $30,000, Southampton, NY is the most expensive county by Maryland.

Typically, rent for studios in Maryland is 12.63% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Maryland is 6.46% more affordable than other counties nearby. Finally, rent for two bedrooms in Maryland is 23.08% 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	$1,099	$1,398	$1,750	$1,800
9, MD	$1,595	$1,810	$1,931	$1,910
Alexandria, VA	$1,943	$1,841	$2,256	$2,175
13, MD	$1,805	$2,097	$2,565	$2,296
Mason, VA	$500	$1,849	$2,327	$2,296
Woodbridge, VA	N/A	$1,787	$2,217	$2,545
Arlington, VA	$1,688	$2,366	$3,207	$2,656
Providence, VA	$1,700	$1,933	$2,400	$2,695
Washington, DC	$2,195	$2,754	$3,745	$3,265
7, MD	N/A	$2,511	$3,400	$4,200

Top Zipcodes Near Maryland

There are a total of 50 zipcodes in or near Maryland. The average rent for all of these zipcodes is $4,175. A total of 9 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19104, Philadelphia, PA at $1,675 per month. In comparison, the zipcode with the most expensive average rent of $7,000 per month is 08402, Margate City, NJ.

Studios in these zipcodes have an average rent of $3,050. That's at least $84 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Maryland is $3,548 per month. Or in other words, $72 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,135 per month. Which comes out to $69 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	$3,500	$4,200	$5,750	$4,300
10003, New York, NY	$3,525	$5,250	$4,995	$4,998
10019, New York, NY	$3,437	$4,240	$6,200	$4,650
10009, New York, NY	$2,750	$3,595	$4,695	$4,595
10128, New York, NY	$2,773	$3,450	$5,275	$3,785
10038, New York, NY	$3,500	$4,317	$6,200	$4,200
10022, New York, NY	$3,350	$4,625	$5,900	$4,795
10005, New York, NY	$3,580	$4,700	$5,950	$4,200
10011, New York, NY	$3,500	$5,429	$7,547	$4,895
10010, New York, NY	$3,800	$3,898	$5,805	$5,198

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 $2,400. 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 $1,488 and an average price per square feet of $36.07. There are a total of 35 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 $1,874 and an average price per square feet of $28.08. There are a total of 161 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 $1,950 and an average price per square feet of $21.30. There are a total of 263 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 -0.34%, one bedroom rental prices have changed by -0.18%, two bedroom rental prices have changed by -0.33%, and three bedroom rental prices have changed by 0.08% year-over-year.

What is a reasonable rent price in Maryland?

A reasonable rent price in Maryland is around $1,920/month. You can search for these reasonably priced rental listings on RentHop.