Average Rent in Montgomery, MD

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Current Versus Historical Montgomery, MD Rents

Montgomery rentals average $1,950 for a studio rental to $4,900 for a 4-bedroom rental. The median price of all currently available listings is $2,850, or roughly $2 per square feet.
For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $3 (-0.18%) year-over-year from $1,718 to $1,715. 1-bedroom rentals prices have decreased by $589 (-21.03%) year-over-year from $2,798 to $2,210. 2-bedroom rentals prices have decreased by $246 (-7.58%) year-over-year from $3,244 to $2,998. 3-bedroom rentals prices have decreased by $7 (-0.24%) year-over-year from $3,007 to $3,000. 4-bedroom rentals prices have increased by $225 (5.66%) year-over-year from $3,975 to $4,200. 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 7.45% this month. 1-bedroom rents have gone down by 14.18% this month. 2-bedroom rents have gone down by 5.19% this month. 3-bedroom rents have gone down by 0.54% this month. 4-bedroom rents have gone up by 5.66% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.01 $1,715 $1,718 (-0.18%) $1,432 (19.79%)
1 BR $2.83 $2,210 $2,798 (-21.03%) $1,835 (20.39%)
2 BR $2.36 $2,998 $3,244 (-7.58%) $2,325 (28.96%)
3 BR $2.04 $3,000 $3,007 (-0.24%) $2,392 (25.44%)
4+ BR $1.97 $4,200 $3,975 (5.66%) $3,333 (26.00%)

Historical Rents in Montgomery, MD

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Montgomery

There are a total of 12 cities nearby Montgomery. The average rent in Montgomery is currently $2,367 per month. A total of 10 cities nearby have an average rent lower than that. 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 Montgomery, MD is Bethesda, MD. Monthly rents here are on average $3,777 per month.

Let's compare Montgomery, MD's rent against other top cities nearby by bedroom size. Typically, rent for studios in Montgomery, MD is 16.53% more expensive than other cities nearby. One bedrooms are about 9.11% more expensive. Two bedrooms in Montgomery, MD are about 3.37% more expensive. Finally, rent for three bedrooms are about 0.28% more affordable. Want more information? Check out the top 10 cities out of 12 total cities near Montgomery, MD in the following chart.
City Studio 1 Bed 2 Bed All
Germantown, MD N/A $1,686 $2,000 $2,049
Silver Spring, MD $1,799 $2,102 $2,698 $2,197
McNair, VA $1,856 $2,004 $2,509 $2,243
Alexandria, VA $1,995 $1,900 $2,528 $2,279
Lincolnia, VA N/A $1,930 $2,519 $2,455
Fair Oaks, VA N/A $1,909 $2,700 $2,575
Frederick, MD $14 $1,750 $1,875 $2,599
Arlington, VA $1,900 $2,389 $3,321 $2,710
Washington, DC $1,897 $2,470 $3,400 $2,940
Bethesda, MD $2,304 $2,665 $3,760 $3,777

Top Neighborhoods Near Montgomery

There are a total of 10 neighborhoods in or near Montgomery. Some of these neighborhoods include Dupont Circle, Anacostia, and Trinidad - Langston. We've included all of these top 10 neighborhoods in or near Montgomery, MD in the following chart.

The average rent for these 10 neighborhoods in or near Montgomery, MD is currently around $3,034 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $3,034. Interestingly, the neighborhoods' average rent is higher than Montgomery's average rent, which is only $2,850. Out of all the neighborhoods in or near Montgomery, Dupont Circle has the most affordable average rent at $2,300 per month. Whereas, at $6,150 average rent per month, Georgetown is the most expensive neighborhood in or near Montgomery. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Dupont Circle, Washington, DC $2,050 $2,501 $4,050 $2,300
Anacostia, Washington, DC N/A $1,547 $1,850 $2,498
Trinidad - Langston, Washington, DC $2,050 $1,950 $2,863 $2,767
Columbia Heights, Washington, DC $2,000 $2,393 $3,375 $2,894
Logan Circle - Shaw, Washington, DC $1,725 $2,800 $3,350 $3,000
Crystal City Shops, Arlington, VA N/A $2,322 $3,371 $3,068
Capitol Hill, Washington, DC $1,800 $2,120 $3,200 $3,138
Foggy Bottom - GWU - West End, Washington, DC $2,400 $3,248 $5,311 $3,663
Cathedral - Wesley Heights - McLean Gardens, Washington, DC N/A $2,952 $4,918 $4,164
Georgetown, Washington, DC N/A $3,600 $4,350 $6,150

Top Counties Near Montgomery

There are a total of 10 counties located by Montgomery, MD. Some of these counties include Alexandria, VA, Prince William, VA, and Prince George's, MD. The average rent for rentals in these counties is $2,546. That's roughly around $2 per sqft. A total of 12 counties have a lower average rent. The county that is the most affordable is Washington, MD. It's average rent per month is $1,710. Vice versa, with an average rent of $3,250, Loudoun, VA is the most expensive county by Montgomery, MD.

Typically, rent for studios in Montgomery, MD is 28.21% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Montgomery, MD is 15.96% more expensive than other counties nearby. Finally, rent for two bedrooms in Montgomery, MD is 17.00% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Alexandria, VA $1,995 $1,900 $2,528 $2,279
Prince William, VA $1,685 $1,809 $2,167 $2,495
Prince George's, MD $1,400 $1,872 $2,000 $2,546
Frederick, MD $14 $1,700 $1,975 $2,600
Fairfax, VA $1,849 $1,957 $2,507 $2,700
Arlington, VA $1,900 $2,389 $3,321 $2,710
Anne Arundel, MD $1,650 $1,950 $2,200 $2,850
District of Columbia, DC $1,897 $2,470 $3,400 $2,940
Howard, MD N/A $1,775 $2,200 $2,950
Loudoun, VA N/A $1,763 $2,500 $3,250

Top Zipcodes Near Montgomery

There are a total of 30 zipcodes in or near Montgomery, MD. The average rent for all of these zipcodes is $2,459. A total of 20 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 $1,600 per month. In comparison, the zipcode with the most expensive average rent of $6,150 per month is 20007, Washington, DC.

Studios in these zipcodes have an average rent of $1,469. That's at least $3 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Montgomery, MD is $1,977 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,604 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Montgomery, MD. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
20002, Washington, DC $1,953 $2,315 $3,000 $2,985
20001, Washington, DC $1,972 $2,620 $3,450 $3,009
22201, Arlington, VA $1,950 $2,382 $3,500 $2,547
21224, Baltimore, MD $1,525 $1,616 $1,775 $2,000
22191, Marumsco, VA N/A $1,809 $2,192 $2,131
22312, Lincolnia, VA N/A $1,930 $2,507 $2,460
20020, Washington, DC $300 $1,512 $1,700 $2,400
20011, Washington, DC $1,285 $1,950 $2,700 $3,650
20171, Franklin Farm, VA $1,856 $2,004 $2,463 $2,315
20148, Brambleton, VA N/A $1,788 $2,500 $3,425

Frequently Asked Questions - Montgomery Average Rents

What is the average rent price in Montgomery, MD?
The average monthly rental price for Montgomery, MD apartments for rent is approximately $2,850. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Montgomery, 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 Montgomery, MD.
How much is a studio apartment in Montgomery, MD?
The average monthly rental price for studio apartments is $1,950 and an average price per square feet of $4.01. There are a total of 21 studio apartment listings currently available for rent in Montgomery.
How much is a one bedroom apartment in Montgomery, MD?
The average monthly rental price for one bedroom apartments is $2,112 and an average price per square feet of $2.83. There are a total of 139 one bedroom apartment listings currently available for rent in Montgomery.
How much is a two bedroom apartment in Montgomery, MD?
The average monthly rental price for two bedroom apartments is $2,611 and an average price per square feet of $2.36. There are a total of 149 two bedroom apartment listings currently available for rent in Montgomery.
How have rent prices in Montgomery, MD changed this year?
Rent prices for rentals in Montgomery, MD can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by -0.21%, two bedroom rental prices have changed by -0.08%, and three bedroom rental prices have changed by 0.00% year-over-year.
What is a reasonable rent price in Montgomery, MD?
A reasonable rent price in Montgomery, MD is around $2,280/month. You can search for these reasonably priced rental listings on RentHop.
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