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Average Rent in Silver Spring, MD

Home  »  MD  »  Silver Spring  »  Silver Spring

Current Versus Historical Silver Spring, MD Rents

Silver Spring rentals average $1,730 for a studio rental to $3,950 for a 4-bedroom rental. The median price of all currently available listings is $2,198, or roughly $3 per square feet.
For the apartment units and housing in April 2024, median rents have risen over the last year. Studio rentals prices have decreased by $96 (-5.50%) year-over-year from $1,751 to $1,655. 1-bedroom rentals prices have increased by $149 (8.06%) year-over-year from $1,848 to $1,997. 2-bedroom rentals prices have increased by $350 (15.28%) year-over-year from $2,293 to $2,643. 3-bedroom rentals prices have increased by $208 (7.20%) year-over-year from $2,892 to $3,100. 4-bedroom rentals prices have decreased by $186 (-5.11%) year-over-year from $3,633 to $3,448. 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 22.11% this month. 1-bedroom rents have gone up by 14.16% this month. 2-bedroom rents have gone up by 4.51% this month. 3-bedroom rents have gone down by 1.33% this month. 4-bedroom rents have gone down by 7.37% this month.
Beds
Price / Sqft
 Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.73 $1,655 $1,751 (-5.50%) $1,317 (25.69%)
1 BR $2.86 $1,997 $1,848 (8.06%) $1,892 (5.50%)
2 BR $2.63 $2,643 $2,293 (15.28%) $2,468 (7.09%)
3 BR $2.32 $3,100 $2,892 (7.20%) $2,624 (18.13%)
4+ BR $2.23 $3,448 $3,633 (-5.11%) $3,592 (-4.01%)

Historical Rents in Silver Spring, MD

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Silver Spring

There are a total of 2 cities nearby Silver Spring. The average rent in Silver Spring is currently $2,890 per month. Only one city nearby has an average rent lower than that. Our records show that Silver Spring, MD, with an average rent of $2,198, is the most affordable city nearby. In contrast, the most expensive city near Silver Spring, MD is Bethesda, MD. Monthly rents here are on average $3,581 per month.

Let's compare Silver Spring, MD's rent against other top cities nearby by bedroom size. Typically, rent for studios in Silver Spring, MD is 17.19% more affordable than other cities nearby. One bedrooms are about 12.14% more affordable. Two bedrooms in Silver Spring, MD are about 22.26% more affordable. Finally, rent for three bedrooms are about 26.67% more affordable. Want more information? Check out the top 2 cities near Silver Spring, MD in the following chart.
City Studio 1 Bed 2 Bed All
Silver Spring, MD $1,730 $2,104 $2,655 $2,198
Bethesda, MD $2,324 $2,615 $3,837 $3,581

Top Neighborhoods Near Silver Spring



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

Top Counties Near Silver Spring



We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All

Top Zipcodes Near Silver Spring

There are a total of 5 zipcodes in or near Silver Spring, MD. The average rent for all of these zipcodes is $3,372.

The following chart includes the top 5 zipcodes in Silver Spring, MD. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
20910, Silver Spring, MD $1,730 $2,105 $2,676 $2,200
20815, Chevy Chase, MD N/A $2,600 $3,546 $3,560
20011, Washington, DC $1,285 $1,950 $2,750 $3,675
20782, Chillum, MD N/A $2,051 $2,430 $2,177
20814, Bethesda, MD $2,329 $2,640 $3,935 $3,372

Frequently Asked Questions - Silver Spring Average Rents

What is the average rent price in Silver Spring, MD?
The average monthly rental price for Silver Spring, MD apartments for rent is approximately $2,198. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Silver Spring, 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 Silver Spring, MD.
How much is a studio apartment in Silver Spring, MD?
The average monthly rental price for studio apartments is $1,730 and an average price per square feet of $3.73. There are a total of 4 studio apartment listings currently available for rent in Silver Spring.
How much is a one bedroom apartment in Silver Spring, MD?
The average monthly rental price for one bedroom apartments is $2,104 and an average price per square feet of $2.86. There are a total of 49 one bedroom apartment listings currently available for rent in Silver Spring.
How much is a two bedroom apartment in Silver Spring, MD?
The average monthly rental price for two bedroom apartments is $2,655 and an average price per square feet of $2.63. There are a total of 27 two bedroom apartment listings currently available for rent in Silver Spring.
How have rent prices in Silver Spring, MD changed this year?
Rent prices for rentals in Silver Spring, MD can fluctuate yearly. Specifically, studio rental prices have changed by -0.06%, one bedroom rental prices have changed by 0.08%, two bedroom rental prices have changed by 0.15%, and three bedroom rental prices have changed by 0.07% year-over-year.
What is a reasonable rent price in Silver Spring, MD?
A reasonable rent price in Silver Spring, MD is around $1,758/month. You can search for these reasonably priced rental listings on RentHop.
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