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Rental market trends in Baltimore, MD

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Average Rent in Baltimore, MD

Average Rent in Baltimore, MD

Avg. RentAnnual Change
Studio - $1,490-3%
1 Bed - $1,422+3%
2 Beds - $1,6520%
Last updated 5/21/2024

Average Apartment Cost in Baltimore, MD

The average rent for apartments in Baltimore, MD, is between $1,422 and $1,652 in 2024. For a studio apartment in Baltimore, MD, the average rent is $1,490. When it comes to 1-bedroom apartments, the average rent in Baltimore, MD, is $1,422. For a 2-bedroom apartment, the average rent is $1,652.

Apartment Rent Ranges in Baltimore, MD

Apartment PricesProportion
3%
9%
31%
33%
24%

Neighborhood Apartment Rent Trends in Baltimore, MD

NeighborhoodStudio Avg RentAnnual Change
Riverside$1,962--
Inner Harbor$1,892+6%
Fells Point$1,877+36%
Hampden$1,711-12%
Northern Baltimore$1,652+18%
Canton$1,635-4%
Southern Baltimore$1,500+29%
Downtown$1,461-10%
Mount Vernon$1,287+6%
Charles Village$1,260+27%
Northwestern Baltimore$1,201--
Bolton Hill$1,182+50%
Western Baltimore$1,150--
Northeastern Baltimore$928+22%
Southwestern Baltimore$925-5%
Mid-Town Belvedere$790-12%
Reservoir Hill$6620%
Neighborhood1 Bed Avg RentAnnual Change
Hampden$2,137+14%
Canton$2,043+6%
Brewers Hill$1,922-2%
Cross Keys$1,800-3%
Downtown$1,649+6%
Riverside$1,550+3%
Northern Baltimore$1,530+6%
Reservoir Hill$1,475+50%
Mount Vernon$1,4680%
Highlandtown$1,437--
Southern Baltimore$1,305-10%
Northwestern Baltimore$1,255+11%
Patterson Park$1,250--
Baltimore-Linwood$1,250--
Greenmount West$1,250--
Mid-Town Belvedere$1,224-21%
Northeastern Baltimore$1,203+1%
Upper Fells Point$1,200--
Bolton Hill$1,150+22%
Frankford$1,150+4%
Central Park Heights$1,1210%
Cherry Hill$1,096+4%
Belair - Edison$1,095--
West Forest Park$1,095--
Charles Village$1,0500%
Eastern Baltimore$1,000+7%
Berea$1,000--
Southwestern Baltimore$975+2%
Western Baltimore$900-10%
Washington Village - Pigtown$900--
East Monument Historic District$900--
Harlem Park$900+6%
Glen$900--
Neighborhood2 Beds Avg RentAnnual Change
Brewers Hill$2,6250%
Highlandtown$2,550--
Canton$2,314+5%
Riverside$2,212+17%
Charles Village$2,110+7%
Downtown$2,001+4%
Patterson Park$2,000+74%
Baltimore-Linwood$2,000+74%
Mount Vernon$1,793+6%
Northern Baltimore$1,751-5%
Greenmount West$1,750-33%
Reservoir Hill$1,687+40%
Hampden$1,650-31%
Mt. Washington$1,650--
Southern Baltimore$1,600-11%
Mid-Town Belvedere$1,574-18%
Washington Village - Pigtown$1,550--
Northeastern Baltimore$1,387+3%
Northwestern Baltimore$1,359+2%
Belair - Edison$1,350--
Central Park Heights$1,3380%
Frankford$1,327+15%
Southwestern Baltimore$1,192-1%
Eastern Baltimore$1,182+6%
Cherry Hill$1,174+11%
Bolton Hill$1,150-4%
Glen$1,150--
West Forest Park$1,147+10%
Western Baltimore$1,025--
Berea$1,000--

How Other Cities Compare to Baltimore, MD

CityStudio Avg RentAnnual Change
Frederick$2,339+10%
Arlington$2,107+4%
Bethesda$2,100+20%
Fairfax$2,037+5%
Washington$1,970-4%
Gaithersburg$1,864+1%
Alexandria$1,801-1%
Columbia$1,7990%
Silver Spring$1,750+12%
Rockville$1,7320%
Annapolis$1,698-6%
Falls Church$1,635+4%
Owings Mills$1,625-2%
Towson$1,560+1%
Glen Burnie$1,529-8%
Laurel$1,399-16%
Germantown$1,349-21%
York$989+6%
City1 Bed Avg RentAnnual Change
Ashburn$3,403+8%
Bethesda$2,522+1%
Arlington$2,482+4%
Annapolis$2,468-1%
Washington$2,427-2%
Reston$2,248+4%
Fairfax$2,239+6%
Rockville$2,232+5%
Gaithersburg$2,091-1%
Alexandria$2,049+2%
Silver Spring$1,976+2%
Falls Church$1,937+7%
Frederick$1,895+9%
Columbia$1,870+10%
Laurel$1,847+9%
Owings Mills$1,727+2%
Towson$1,723-1%
Germantown$1,687-7%
Greenbelt$1,684+5%
Glen Burnie$1,590+12%
York$1,256+3%
City2 Beds Avg RentAnnual Change
Bethesda$3,438-2%
Arlington$3,402+3%
Washington$3,315-2%
Annapolis$2,786-4%
Ashburn$2,764+8%
Fairfax$2,697+6%
Rockville$2,659-2%
Reston$2,649+1%
Gaithersburg$2,637-1%
Alexandria$2,583+5%
Falls Church$2,335+9%
Laurel$2,334+10%
Silver Spring$2,277+5%
Towson$2,202+2%
Frederick$2,148+7%
Owings Mills$2,075+2%
Germantown$2,000+2%
Columbia$1,985+4%
Greenbelt$1,981+11%
Glen Burnie$1,769+3%
York$1,457+2%

Baltimore, MD Rent Trends

Studio1 Bed2 Beds
May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023Dec 2023Jan 2024Feb 2024Mar 2024Apr 2024May 2024
$1570$1585$1604$1600$1540$1274$1274$1310$1425$1592$1480$1480$1461
$1386$1372$1354$1384$1396$1383$1437$1490$1478$1492$1385$1433$1451
$1643$1572$1639$1679$1642$1622$1623$1622$1578$1592$1551$1674$1670
$2122$2104$2051$2103$2112$2094$2098$2102$2125$2052$2125$2149$2149

Neighborhood Information for Baltimore, MD

What are the most affordable neighborhoods in Baltimore, MD?

The most affordable neighborhoods in Baltimore are Western Baltimore, where the average 1-bedroom apartment rent goes for $900, Washington Village - Pigtown, where renters pay $900 on average for a 1-bedroom apartment, and East Monument Historic District, where the average 1-bedroom apartment rent goes for $900. If you're looking for other great deals, check out the listings in Harlem Park ($900 for a 1-bedroom apartment) or Glen ($900 for a 1-bedroom apartment), compared to the $1,422 average for a Baltimore 1-bedroom apartment.

What are the most expensive neighborhoods in Baltimore, MD?

The most affordable neighborhoods in Baltimore are Locust Point, where the average 1-bedroom apartment rent goes for $2,900, Inner Harbor, where renters pay $2,500 on average for a 1-bedroom apartment, and Fells Point, where the average 1-bedroom apartment rent goes for $2,485. If you're looking for other great deals, check out the listings in Hampden ($2,137 for a 1-bedroom apartment) or Canton ($2,043 for a 1-bedroom apartment), compared to the $1,422 average for a Baltimore 1-bedroom apartment.

What are the most popular neighborhoods in Baltimore, MD?

The most popular neighborhoods in Baltimore are Hampden, where the average 1-bedroom apartment rent goes for $2,137, Reservoir Hill, where renters pay $1,475 on average for a 1-bedroom apartment, and Bolton Hill, where the average 1-bedroom apartment rent goes for $1,150. If you're looking for other popular neighborhoods, check out the listings in Charles Village ($1,050 for a 1-bedroom apartment) or Mid-Town Belvedere ($1,224 for a 1-bedroom apartment), compared to the $1,422 average for a Baltimore 1-bedroom apartment.

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