Average Rent in Montgomery, MD

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Current Versus Historical Montgomery, MD Rents

Montgomery rentals average $1,818 for a studio rental to $4,075 for a 4-bedroom rental. The median price of all currently available listings is $2,935, 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 $133 (-7.48%) year-over-year from $1,783 to $1,650. 1-bedroom rentals prices have decreased by $391 (-15.56%) year-over-year from $2,515 to $2,124. 2-bedroom rentals prices have decreased by $745 (-22.95%) year-over-year from $3,244 to $2,500. 3-bedroom rentals prices have increased by $50 (1.69%) year-over-year from $2,950 to $3,000. 4-bedroom rentals prices have increased by $225 (6.21%) year-over-year from $3,625 to $3,850. 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 10.03% this month. 1-bedroom rents have gone down by 17.46% this month. 2-bedroom rents have gone down by 17.02% this month. 3-bedroom rents have gone down by 2.70% this month. 4-bedroom rents have gone up by 4.52% this month.
Beds
Price / Sqft
Dec 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.91 $1,650 $1,783 (-7.48%) $1,790 (-7.80%)
1 BR $2.80 $2,124 $2,515 (-15.56%) $2,763 (-23.11%)
2 BR $2.40 $2,500 $3,244 (-22.95%) $3,441 (-27.36%)
3 BR $2.01 $3,000 $2,950 (1.69%) $3,000 (0.00%)
4+ BR $2.08 $3,850 $3,625 (6.21%) $3,249 (18.49%)

Historical Rents in Montgomery, MD

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Montgomery

There are a total of 8 cities nearby Montgomery. The average rent in Montgomery is currently $2,549 per month. A total of 6 cities nearby have an average rent lower than that. Our records show that Baltimore, MD, with an average rent of $1,798, is the most affordable city nearby. In contrast, the most expensive city near Montgomery, MD is North Bethesda, MD. Monthly rents here are on average $3,950 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 0.61% more affordable than other cities nearby. One bedrooms are about 1.23% more expensive. Two bedrooms in Montgomery, MD are about 12.17% more affordable. Finally, rent for three bedrooms are about 16.39% more affordable. Want more information? Check out the top 8 cities near Montgomery, MD in the following chart.
City Studio 1 Bed 2 Bed All
Baltimore, MD $973 $1,250 $1,725 $1,798
Germantown, MD N/A $1,625 $2,025 $2,348
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 Montgomery

There are a total of 3 neighborhoods in or near Montgomery. Some of these neighborhoods include Trinidad - Langston, Columbia Heights, and Cathedral - Wesley Heights - McLean Gardens. We've included all of these top 3 neighborhoods in or near Montgomery, MD in the following chart.

The average rent for these 3 neighborhoods in or near Montgomery, MD is currently around $3,000 per month. A total of one neighborhood has a lower average rent. Meaning, only two neighborhoods have a higher average rent than $3,000. Interestingly, the neighborhoods' average rent is higher than Montgomery's average rent, which is only $2,935. Out of all the neighborhoods in or near Montgomery, Trinidad - Langston has the most affordable average rent at $2,100 per month. Whereas, at $3,268 average rent per month, Cathedral - Wesley Heights - McLean Gardens is the most expensive neighborhood in or near Montgomery. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Trinidad - Langston, Washington, DC N/A $1,675 $2,200 $2,100
Columbia Heights, Washington, DC N/A $2,150 $3,075 $3,000
Cathedral - Wesley Heights - McLean Gardens, Washington, DC $2,073 $2,901 $4,317 $3,268

Top Counties Near Montgomery

There are a total of 3 counties located by Montgomery, MD. Some of these counties include Alexandria, VA, Prince George's, MD, and Frederick, MD. The average rent for rentals in these counties is $2,600. That's roughly around $2 per sqft. A total of 13 counties have a lower average rent. The county that is the most affordable is Washington, MD. It's average rent per month is $1,698. Vice versa, with an average rent of $3,200, Loudoun, VA is the most expensive county by Montgomery, MD.

Typically, rent for studios in Montgomery, MD is 46.49% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Montgomery, MD is 28.36% more expensive than other counties nearby. Finally, rent for two bedrooms in Montgomery, MD is 17.65% 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 $1,725 $2,071 $2,726 $2,450
Prince George's, MD $1,215 $1,650 $2,100 $2,523
Frederick, MD $1,522 $1,400 $1,750 $2,600
Arlington, VA $1,936 $2,425 $3,300 $2,648
District of Columbia, DC $1,932 $2,275 $2,995 $2,750
Prince William, VA N/A $1,500 $2,000 $2,750
Anne Arundel, MD N/A $2,395 $2,250 $2,850
Howard, MD N/A $1,585 $2,150 $2,900
Fairfax, VA $1,475 $1,960 $2,450 $2,970
Loudoun, VA N/A $1,500 $2,400 $3,200

Top Zipcodes Near Montgomery

There are a total of 5 zipcodes in or near Montgomery, MD. The average rent for all of these zipcodes is $2,503. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 20008, Washington, DC at $2,087 per month. In comparison, the zipcode with the most expensive average rent of $4,000 per month is 20852, North Bethesda, MD.

Studios in these zipcodes have an average rent of $1,850. 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 Montgomery, MD is $2,335 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,298 per month. Which comes out to $3 per sqft. The following chart includes the top 5 zipcodes in Montgomery, MD. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
22201, Arlington, VA $1,859 $2,419 $3,397 $2,503
22314, Alexandria, VA $1,850 $2,335 $3,185 $3,020
20008, Washington, DC $1,763 $2,010 $3,298 $2,087
21230, Baltimore, MD N/A $1,650 $2,250 $2,325
20852, North Bethesda, MD $2,166 $2,521 $4,711 $4,000

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 $2,935. 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 $1,818 and an average price per square feet of $3.91. There are a total of 20 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 $2,200 and an average price per square feet of $2.80. There are a total of 117 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 $2,550 and an average price per square feet of $2.40. There are a total of 174 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 -0.07%, one bedroom rental prices have changed by -0.16%, two bedroom rental prices have changed by -0.23%, and three bedroom rental prices have changed by 0.02% year-over-year.
What is a reasonable rent price in Montgomery, MD?
A reasonable rent price in Montgomery, MD is around $2,348/month. You can search for these reasonably priced rental listings on RentHop.
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