Average Rent in Montgomery, MD

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Current Versus Historical Montgomery, MD Rents

Montgomery rentals average $1,750 for a studio rental to $3,945 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 February 2025, median rents have risen over the last year. Studio rentals prices have decreased by $286 (-15.22%) year-over-year from $1,881 to $1,595. 1-bedroom rentals prices have increased by $183 (7.02%) year-over-year from $2,602 to $2,785. 2-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $3,244 to $3,244. 3-bedroom rentals prices have increased by $192 (6.38%) year-over-year from $3,008 to $3,200. 4-bedroom rentals prices have decreased by $33 (-0.87%) year-over-year from $3,833 to $3,800. 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 12.83% this month. 1-bedroom rents have gone up by 7.91% this month. 2-bedroom rents have gone up by 9.45% this month. 3-bedroom rents have gone up by 2.13% this month. 4-bedroom rents have gone down by 2.52% this month.
Beds
Price / Sqft
Feb 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.47 $1,595 $1,881 (-15.22%) $1,467 (8.75%)
1 BR $2.72 $2,785 $2,602 (7.02%) $2,798 (-0.46%)
2 BR $2.30 $3,244 $3,244 (0.00%) $3,244 (0.00%)
3 BR $2.02 $3,200 $3,008 (6.38%) $2,716 (17.83%)
4+ BR $2.14 $3,800 $3,833 (-0.87%) $3,400 (11.76%)

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 $2,662 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 $1,800, is the most affordable city nearby. In contrast, the most expensive city near Montgomery, MD is Bethesda, MD. Monthly rents here are on average $3,557 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 11.20% more expensive than other cities nearby. One bedrooms are about 7.50% more affordable. Two bedrooms in Montgomery, MD are about 7.97% more affordable. Finally, rent for three bedrooms are about 15.08% 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 $1,200 $1,250 $1,700 $1,800
Frederick, MD N/A $1,548 $1,750 $2,300
Arlington, VA $1,940 $2,500 $3,476 $2,600
Washington, DC $1,908 $2,300 $2,950 $2,628
Alexandria, VA $2,020 $2,200 $2,831 $2,695
North Bethesda, MD N/A $2,300 $2,675 $2,800
Rockville, MD N/A $2,187 $2,676 $2,875
Bethesda, MD $2,233 $2,661 $3,888 $3,557

Top Neighborhoods Near Montgomery

There are a total of 1 neighborhoods in or near Montgomery. We've included all of these top 1 neighborhoods in or near Montgomery, MD in the following chart.

The average rent for these 1 neighborhoods in or near Montgomery, MD is currently around $2,944 per month. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. 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, Cathedral - Wesley Heights - McLean Gardens has the most affordable average rent at $2,944 per month. Whereas, at $2,944 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
Cathedral - Wesley Heights - McLean Gardens, Washington, DC N/A $2,791 $4,210 $2,944

Top Counties Near Montgomery

There are a total of 1 counties located by Montgomery, MD. Some of these counties include Arlington, VA, Howard, MD, and District of Columbia, DC. The average rent for rentals in these counties is $2,691. That's roughly around $2 per sqft. A total of 11 counties have a lower average rent. The county that is the most affordable is Baltimore, MD. It's average rent per month is $1,800. Vice versa, with an average rent of $3,150, Loudoun, VA is the most expensive county by Montgomery, MD.

In comparison, rent for one bedroom listings in Montgomery, MD is 20.09% more expensive than other counties nearby. Finally, rent for two bedrooms in Montgomery, MD is 9.82% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Arlington, VA $1,940 $2,500 $3,476 $2,600
Howard, MD N/A $1,623 $2,080 $2,625
District of Columbia, DC $1,908 $2,300 $2,950 $2,628
Prince George's, MD $1,475 $1,673 $2,100 $2,691
Alexandria, VA $2,020 $2,200 $2,831 $2,695
Anne Arundel, MD N/A $2,385 $2,300 $2,700
Prince William, VA N/A $1,400 $2,300 $2,725
Frederick, MD N/A $1,500 $1,650 $2,750
Fairfax, VA $1,383 $1,949 $2,638 $3,000
Loudoun, VA N/A $1,810 $2,500 $3,150

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 $2,600. A total of 5 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 21230, Baltimore, MD at $2,000 per month. In comparison, the zipcode with the most expensive average rent of $2,800 per month is 20852, North Bethesda, MD.

Studios in these zipcodes have an average rent of $1,762. 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 $2,283 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,150 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 $2,073 $2,516 $3,750 $2,600
22314, Alexandria, VA $2,063 $2,283 $3,150 $2,776
20008, Washington, DC $1,762 $2,028 $3,522 $2,092
21230, Baltimore, MD N/A $1,825 $1,898 $2,000
20852, North Bethesda, MD N/A $2,300 $2,675 $2,800

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 $1,750 and an average price per square feet of $3.47. There are a total of 19 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 $2,093 and an average price per square feet of $2.72. There are a total of 108 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 $2.30. There are a total of 139 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 -0.15%, one bedroom rental prices have changed by 0.07%, two bedroom rental prices have changed by 0.00%, and three bedroom rental prices have changed by 0.06% 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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