Average Rent In Maryland For January 2024
Average Rent
What is the average rent in Maryland?
The average rent in Maryland for January 2024 is $1,767, according to the most recent data from ApartmentList - January 3, 2024. The average rent of a 2-bedroom apartment in Maryland is $1,810. The average rent of a 1-bedroom apartment in Maryland is $1,483.
Compared to the national average of $1,379, Maryland rent costs 28.1% more. Read our analysis of rents by state to see how Maryland ranks.
Here's a look at how average rents have changed over time:
How Does Maryland Rent Compare To The Rest Of The Country?
| Statistic | MD | USA | % Difference |
|---|---|---|---|
| Average Rent | $1,767 | $1,379 | 28.1% |
| M-o-M Change | -$6 | -$11 | -45.5% |
| Y-o-Y Change | $41 | -$14 | -392.9% |
| M-o-M % Change | -0.3% | -0.8% | - |
| Y-o-Y % Change | 2.4% | -1.0% | - |
Median Rent By Bedrooms In Maryland
1-Bedroom
2-Bedroom
As you would expect, the median price for rent in Maryland increases as the number of bedrooms in the unit increases. 1-Bedroom rent is the cheapest in Maryland clocking in at $1,483, while a 2-bedroom rental will set you back $1,810 per month.
If you don't mind having roommates, the best option on a per room basis is a 2-bedroom rental for $905/room/month.
Read on to find out more or for more on Maryland check out:
- Best Places To Live In Maryland
- Cheapest Places To Live In Maryland
- Most Dangerous Cities In Maryland
Month Over Month Maryland Rent Statistics
M-o-M Increase
M-o-M Increase
Maryland has experienced a -$6 change in rent over the past month going from $1,773 to $1,767. That change comes out to -0.3%.
For reference, the US national average rent changed -$11 in the past month or -0.8%.
Here's a look at the month over month change for each month since 2017 for Maryland:
Year Over Year Maryland Rent Statistics
Y-o-Y Increase
Y-o-Y Increase
Over the past year, the average rent in Maryland changed $41 from $1,726 to $1,767. A change of $41 means that rents changed 2.4% in a year.
That compares to the US national change of -$14 in the past year or -1.0%.
Here's a look at the year over year change by month since 2017 for Maryland:
The 10 Places With The Highest Rent In Maryland
Population: 58,290
Median Rent: $2,001
More on Bowie: Data | Crime | Cost Of Living | Real Estate
Population: 5,163
Median Rent: $1,980
More on Poolesville: Data | Cost Of Living | Real Estate
Population: 66,420
Median Rent: $1,976
More on Rockville: Data | Cost Of Living | Real Estate
Population: 67,417
Median Rent: $1,748
More on Gaithersburg: Data | Cost Of Living | Real Estate
Population: 9,387
Median Rent: $1,699
More on Mount Airy: Data | Crime | Cost Of Living | Real Estate
Population: 32,186
Median Rent: $1,695
More on College Park: Data | Cost Of Living | Real Estate
Population: 39,151
Median Rent: $1,627
More on Annapolis: Data | Crime | Cost Of Living | Real Estate
Population: 23,289
Median Rent: $1,603
More on Greenbelt: Data | Crime | Cost Of Living | Real Estate
Population: 5,930
Median Rent: $1,602
More on Chesapeake Beach: Data | Cost Of Living | Real Estate
Population: 25,913
Median Rent: $1,539
More on Laurel: Data | Crime | Cost Of Living | Real Estate
Learn More About Living In Maryland
About Chris Kolmar
Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.
He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.
If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.
You can find out more about him on LinkedIn.