Average Rent in Maryland

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Current Versus Historical Maryland Rents

Maryland rentals average $1,650 for a studio rental to $3,250 for a 4-bedroom rental. The median price of all currently available listings is $2,400, or roughly $2 per square feet.

For the apartment units and housing in November 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $46 (2.07%) year-over-year from $2,223 to $2,269. 1-bedroom rentals prices have increased by $23 (1.04%) year-over-year from $2,246 to $2,269. 2-bedroom rentals prices have increased by $33 (1.35%) year-over-year from $2,467 to $2,500. 3-bedroom rentals prices have increased by $182 (7.37%) year-over-year from $2,468 to $2,650. 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 0.00% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone down by 11.14% this month. 3-bedroom rents have gone down by 1.85% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.86	$2,269	$2,223 (2.07%)	$2,235 (1.54%)
1 BR	$2.05	$2,269	$2,246 (1.04%)	$2,269 (0.00%)
2 BR	$1.88	$2,500	$2,467 (1.35%)	$2,954 (-15.37%)
3 BR	$1.74	$2,650	$2,468 (7.37%)	$2,248 (17.89%)
4+ BR	$1.72	$3,200	$3,000 (6.67%)	$2,667 (20.00%)

Historical Rents in Maryland

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Maryland

There are a total of 38 cities nearby Maryland. The average rent in Maryland is currently $2,813 per month. A total of 9 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 $40,000 per month.

Let's compare Maryland's rent against other top cities nearby by bedroom size. Typically, rent for studios in Maryland is 7.08% more expensive than other cities nearby. One bedrooms are about 33.41% more affordable. Two bedrooms in Maryland are about 42.16% more affordable. Finally, rent for three bedrooms are about 43.27% more affordable. Want more information? Check out the top 10 cities out of 38 total cities near Maryland in the following chart.

City	Studio	1 Bed	2 Bed	All
Allentown, PA	$1,650	$1,175	$1,495	$1,500
Wilmington, DE	N/A	$1,495	$1,675	$1,600
Baltimore, MD	$1,700	$1,300	$1,700	$1,800
Philadelphia, PA	$1,238	$1,691	$1,800	$1,800
Frederick, MD	$1,522	$1,400	$1,768	$2,448
Fair Oaks, VA	N/A	$1,950	$2,430	$2,500
Alexandria, VA	$1,850	$2,099	$2,710	$2,506
Arlington, VA	$2,088	$2,384	$3,374	$2,753
Washington, DC	$1,950	$2,399	$3,100	$2,850
Bethesda, MD	$2,216	$2,586	$3,730	$3,686

Top Neighborhoods Near Maryland

There are a total of 88 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 88 total neighborhoods in or near Maryland in the following chart.

The average rent for these 30 neighborhoods in or near Maryland is currently around $3,425 per month. A total of 27 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $3,425. 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, Cobbs Creek has the most affordable average rent at $1,351 per month. Whereas, at $11,500 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	$1,264	$1,372	$1,700	$1,675
Center City East, Philadelphia, PA	$1,235	$1,895	$2,655	$2,098
Flatbush, New York, NY	$2,631	$2,800	$3,099	$3,000
Bedford-Stuyvesant, New York, NY	$2,200	$2,800	$3,200	$3,195
Bushwick, New York, NY	$2,747	$3,000	$3,211	$3,317
Harlem, New York, NY	$2,695	$2,850	$3,200	$3,400
East Harlem, New York, NY	$3,600	$3,105	$3,195	$3,450
West Harlem, New York, NY	$2,675	$2,765	$3,250	$3,492
Crown Heights, New York, NY	$2,740	$3,198	$4,300	$3,600
Murray Hill, New York, NY	$3,425	$4,164	$6,500	$3,995
Upper East Side, New York, NY	$3,279	$3,999	$5,400	$4,000
Long Island City, New York, NY	$3,300	$3,998	$5,983	$4,088
Hell's Kitchen, New York, NY	$3,440	$4,000	$5,689	$4,198
Downtown Brooklyn, New York, NY	$3,425	$4,175	$5,818	$4,255
Financial District, New York, NY	$3,450	$4,500	$6,350	$4,295
Prospect Heights, New York, NY	$3,570	$4,495	$6,009	$4,380
Hudson Yards, New York, NY	$3,538	$4,467	$6,645	$4,397
East Village, New York, NY	$2,995	$3,795	$4,495	$4,495
Midtown East, New York, NY	$3,387	$4,425	$6,060	$4,500
Kips Bay, New York, NY	$3,595	$4,250	$5,453	$4,533
Williamsburg, New York, NY	$3,850	$4,583	$5,042	$4,750
Greenwich Village, New York, NY	$4,125	$5,525	$7,900	$4,850
Lower East Side, New York, NY	$3,497	$4,350	$4,765	$4,990
West Village, New York, NY	$4,098	$5,198	$6,750	$5,000
Upper West Side, New York, NY	$3,298	$4,495	$7,400	$5,038
Midtown, New York, NY	$3,700	$4,297	$6,600	$5,200
Little Italy, New York, NY	$3,250	$4,500	$4,850	$5,295
Gramercy Park, New York, NY	$3,693	$5,515	$4,995	$5,389
Chelsea, New York, NY	$3,925	$5,600	$7,995	$5,395
NoMad, New York, NY	$4,335	$5,680	$8,291	$5,724

Top Counties Near Maryland

There are a total of 88 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 $3,000. That's roughly around $3 per sqft. A total of 9 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 1.06% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Maryland is 36.58% more affordable than other counties nearby. Finally, rent for two bedrooms in Maryland is 40.90% 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	$1,700	$1,300	$1,700	$1,800
9, MD	N/A	$1,857	$2,250	$2,500
Alexandria, VA	$1,850	$2,099	$2,710	$2,506
13, MD	$1,719	$1,900	$2,350	$2,595
Arlington, VA	$2,088	$2,384	$3,374	$2,753
Washington, DC	$1,950	$2,399	$3,100	$2,850
Providence, VA	N/A	$2,150	$2,500	$2,917
4, MD	$1,900	$2,100	$2,495	$2,958
Hunter Mill, VA	N/A	$2,050	$2,500	$3,000
7, MD	$2,078	$2,585	$3,703	$3,722

Top Zipcodes Near Maryland

There are a total of 17 zipcodes in or near Maryland. The average rent for all of these zipcodes is $2,509. A total of 7 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 $1,485 per month. In comparison, the zipcode with the most expensive average rent of $4,950 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $1,898. 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 $2,206 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,200 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	$4,174	$5,295	$4,000
10023, New York, NY	$3,400	$5,083	$8,295	$4,950
19104, Philadelphia, PA	$1,195	$1,463	$1,735	$1,700
22201, Arlington, VA	$2,035	$2,291	$3,409	$2,509
11375, New York, NY	$2,645	$2,850	$3,223	$3,000
10035, New York, NY	$2,299	$2,713	$3,200	$2,863
19144, Philadelphia, PA	$975	$1,325	$1,628	$1,531
19128, Philadelphia, PA	$1,325	$1,487	$1,650	$1,600
22314, Alexandria, VA	N/A	$2,206	$3,223	$2,779
19145, Philadelphia, PA	$1,125	$1,195	$1,573	$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 $2,400. 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 $1,650 and an average price per square feet of $2.86. There are a total of 31 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 $1,593 and an average price per square feet of $2.05. There are a total of 362 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 $1,993 and an average price per square feet of $1.88. There are a total of 708 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 0.02%, one bedroom rental prices have changed by 0.01%, two bedroom rental prices have changed by 0.01%, and three bedroom rental prices have changed by 0.07% 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.