Average Rent in Maryland

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Current Versus Historical Maryland Rents

Maryland rentals average $1,650 for a studio rental to $3,200 for a 4-bedroom rental. The median price of all currently available listings is $2,415, or roughly $2 per square feet.

For the apartment units and housing in December 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $724 (-32.24%) year-over-year from $2,246 to $1,522. 1-bedroom rentals prices have decreased by $657 (-29.12%) year-over-year from $2,257 to $1,600. 2-bedroom rentals prices have decreased by $668 (-25.08%) year-over-year from $2,663 to $1,995. 3-bedroom rentals prices have increased by $131 (5.30%) year-over-year from $2,469 to $2,600. 4-bedroom rentals prices have increased by $200 (6.67%) year-over-year from $3,000 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 24.65% this month. 1-bedroom rents have gone down by 21.80% this month. 2-bedroom rents have gone down by 24.31% this month. 3-bedroom rents have gone down by 2.80% this month. 4-bedroom rents have gone up by 0.05% this month.

Beds	Price / Sqft	Dec 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.23	$1,522	$2,246 (-32.24%)	$2,235 (-31.89%)
1 BR	$2.07	$1,600	$2,257 (-29.12%)	$2,269 (-29.48%)
2 BR	$1.92	$1,995	$2,663 (-25.08%)	$2,965 (-32.72%)
3 BR	$1.75	$2,600	$2,469 (5.30%)	$2,281 (13.98%)
4+ BR	$1.66	$3,200	$3,000 (6.67%)	$2,633 (21.52%)

Historical Rents in Maryland

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Maryland

There are a total of 36 cities nearby Maryland. The average rent in Maryland is currently $2,942 per month. A total of 10 cities nearby have an average rent lower than that. Our records show that Scranton, PA, with an average rent of $1,300, is the most affordable city nearby. In contrast, the most expensive city near Maryland is Westhampton Beach, NY. Monthly rents here are on average $35,500 per month.

Let's compare Maryland's rent against other top cities nearby by bedroom size. Typically, rent for studios in Maryland is 14.48% more expensive than other cities nearby. One bedrooms are about 41.50% more affordable. Two bedrooms in Maryland are about 55.00% more affordable. Finally, rent for three bedrooms are about 46.98% more affordable. Want more information? Check out the top 10 cities out of 36 total cities near Maryland in the following chart.

City	Studio	1 Bed	2 Bed	All
Allentown, PA	$950	$1,100	$1,500	$1,598
Wilmington, DE	$1,295	$1,495	$1,823	$1,673
Baltimore, MD	$973	$1,250	$1,725	$1,798
Philadelphia, PA	$1,250	$1,675	$1,800	$1,800
Frederick, MD	$1,522	$1,400	$1,750	$2,399
Alexandria, VA	$1,725	$2,071	$2,726	$2,450
Arlington, VA	$1,936	$2,425	$3,300	$2,648
Washington, DC	$1,932	$2,275	$2,995	$2,750
Bethesda, MD	$2,200	$2,602	$3,751	$3,600
North Bethesda, MD	$2,166	$2,521	$4,702	$3,950

Top Neighborhoods Near Maryland

There are a total of 85 neighborhoods in or near Maryland. Some of these neighborhoods include North Philadelphia East, Center City East, and Flatbush. We've included the top 30 neighborhoods out of 85 total neighborhoods in or near Maryland in the following chart.

The average rent for these 30 neighborhoods in or near Maryland is currently around $3,350 per month. A total of 25 neighborhoods have a lower average rent. Meaning, only five neighborhoods have a higher average rent than $3,350. Interestingly, the neighborhoods' average rent is higher than Maryland's average rent, which is only $2,415. Out of all the neighborhoods in or near Maryland, Cobbs Creek has the most affordable average rent at $1,350 per month. Whereas, at $12,000 average rent per month, SoHo 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	$1,236	$1,400	$1,700	$1,624
Center City East, Philadelphia, PA	$1,128	$1,903	$2,800	$2,095
Flatbush, New York, NY	$2,550	$2,715	$3,099	$2,969
East Harlem, New York, NY	$2,525	$2,938	$3,000	$3,198
Bedford-Stuyvesant, New York, NY	$2,500	$2,857	$3,100	$3,200
Bushwick, New York, NY	$2,795	$2,900	$3,300	$3,300
Harlem, New York, NY	$2,600	$2,850	$3,100	$3,397
Crown Heights, New York, NY	$2,704	$2,995	$4,000	$3,500
West Harlem, New York, NY	$2,550	$2,850	$2,995	$3,570
Murray Hill, New York, NY	$3,325	$4,150	$6,300	$3,899
Long Island City, New York, NY	$3,280	$3,750	$5,750	$3,900
Upper East Side, New York, NY	$3,350	$4,095	$5,000	$4,000
Hell's Kitchen, New York, NY	$3,440	$4,062	$5,178	$4,180
Financial District, New York, NY	$3,483	$4,450	$6,098	$4,230
Downtown Brooklyn, New York, NY	$3,425	$4,113	$5,725	$4,301
Prospect Heights, New York, NY	$3,565	$4,403	$5,200	$4,322
East Village, New York, NY	$2,897	$3,825	$4,495	$4,495
Kips Bay, New York, NY	$3,675	$4,173	$5,500	$4,495
Midtown East, New York, NY	$3,325	$4,460	$6,075	$4,525
Hudson Yards, New York, NY	$3,490	$4,493	$6,502	$4,624
Williamsburg, New York, NY	$3,822	$4,661	$4,952	$4,698
Lower East Side, New York, NY	$3,413	$4,623	$4,750	$4,750
Upper West Side, New York, NY	$3,000	$4,450	$6,945	$4,841
West Village, New York, NY	$4,600	$4,950	$6,650	$4,950
Little Italy, New York, NY	$3,250	$4,250	$4,850	$5,100
Midtown, New York, NY	$3,625	$4,363	$6,750	$5,200
Greenwich Village, New York, NY	$4,000	$6,150	$6,130	$5,250
Chelsea, New York, NY	$3,825	$5,490	$7,500	$5,292
Gramercy Park, New York, NY	$3,750	$5,313	$5,057	$5,295
NoMad, New York, NY	$4,328	$5,686	$8,172	$5,686

Top Counties Near Maryland

There are a total of 85 counties located by Maryland. Some of these counties include Baltimore, MD, Alexandria, VA, and 13, MD. The average rent for rentals in these counties is $3,190. That's roughly around $3 per sqft. A total of 8 counties have a lower average rent. The county that is the most affordable is Scranton, PA. It's average rent per month is $1,300. Vice versa, with an average rent of $60,000, East Hampton, NY is the most expensive county by Maryland.

Typically, rent for studios in Maryland is 2.70% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Maryland is 42.19% more affordable than other counties nearby. Finally, rent for two bedrooms in Maryland is 49.75% 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	$973	$1,250	$1,725	$1,798
Alexandria, VA	$1,725	$2,071	$2,726	$2,450
13, MD	$1,650	$1,900	$2,150	$2,519
9, MD	N/A	$1,820	$2,144	$2,600
Arlington, VA	$1,936	$2,425	$3,300	$2,648
Washington, DC	$1,932	$2,275	$2,995	$2,750
Providence, VA	N/A	$2,200	$2,500	$2,750
Hunter Mill, VA	N/A	$2,100	$2,475	$3,000
4, MD	$2,166	$2,508	$4,031	$3,078
7, MD	$2,074	$2,593	$3,741	$3,620

Top Zipcodes Near Maryland

There are a total of 16 zipcodes in or near Maryland. The average rent for all of these zipcodes is $2,414. A total of 8 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19131, Philadelphia, PA at $1,450 per month. In comparison, the zipcode with the most expensive average rent of $4,678 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $1,806. That's at least $4 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Maryland is $2,173 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,218 per month. Which comes out to $3 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
10128, New York, NY	$3,350	$4,149	$5,685	$3,950
10023, New York, NY	$3,000	$4,498	$8,100	$4,678
19104, Philadelphia, PA	$1,195	$1,575	$1,796	$1,796
22201, Arlington, VA	$1,859	$2,419	$3,397	$2,503
11375, New York, NY	$2,673	$2,975	$3,250	$3,000
10035, New York, NY	$2,250	$2,702	$3,250	$2,919
19144, Philadelphia, PA	$985	$1,637	$1,604	$1,675
19128, Philadelphia, PA	$1,363	$1,550	$1,698	$1,625
22314, Alexandria, VA	$1,850	$2,335	$3,185	$3,020
19145, Philadelphia, PA	$1,125	$1,200	$1,550	$1,700

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 $2,415. 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 $1,650 and an average price per square feet of $3.23. There are a total of 39 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 $1,600 and an average price per square feet of $2.07. There are a total of 405 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 $2,000 and an average price per square feet of $1.92. There are a total of 740 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 -0.32%, one bedroom rental prices have changed by -0.29%, two bedroom rental prices have changed by -0.25%, and three bedroom rental prices have changed by 0.05% year-over-year.

What is a reasonable rent price in Maryland?

A reasonable rent price in Maryland is around $1,932/month. You can search for these reasonably priced rental listings on RentHop.