Rental market trends in Baltimore, MD

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Average Rent in Baltimore, MD

Avg. Rent	Annual Change
Studio - $1,530	-4%
1 Bed - $1,396	-3%
2 Beds - $1,674	-3%

Last updated 3/28/2023

Average Apartment Cost in Baltimore, MD

The average rent for apartments in Baltimore, MD, is between $1,396 and $1,674 in 2023. For a studio apartment in Baltimore, MD, the average rent is $1,530. When it comes to 1-bedroom apartments, the average rent in Baltimore, MD, is $1,396. For a 2-bedroom apartment, the average rent is $1,674.

Apartment Rent Ranges in Baltimore, MD

	Apartment Prices Proportion

		3%			10%			35%			30%			23%

Neighborhood Apartment Rent Trends in Baltimore, MD

Neighborhood	Studio Avg Rent	Annual Change
Hampden	$1,936	+34%
Tuscany - Cantebury	$1,875	--
Inner Harbor	$1,750	-7%
Canton	$1,710	0%
Downtown	$1,646	-4%
Patterson Park	$1,610	--
Baltimore-Linwood	$1,610	--
Fells Point	$1,450	--
Northern Baltimore	$1,367	+37%
Riverside	$1,350	--
Madison Park	$1,195	--
Southern Baltimore	$1,162	0%
South Baltimore	$1,162	0%
Charles Street Scenic Byway	$1,150	--
Mount Vernon	$1,106	0%
Little Italy	$1,050	--
Charles Village	$1,040	+11%
Mid-Town Belvedere	$1,000	-20%
Bolton Hill	$786	-10%
Hollins Market	$775	--
Southwestern Baltimore	$762	-35%
Northeastern Baltimore	$759	-10%
Parkside	$700	-3%
Reservoir Hill	$662	0%

Neighborhood	1 Bed Avg Rent	Annual Change
Patterson Park	$2,323	--
Baltimore-Linwood	$2,323	--
Inner Harbor	$2,145	-4%
Fells Point	$2,079	+4%
Brewers Hill	$1,970	+11%
Canton	$1,922	0%
Riverside	$1,875	+2%
Cross Keys	$1,850	+16%
Hampden	$1,761	-3%
Tuscany - Cantebury	$1,604	--
Mount Vernon	$1,560	-2%
Downtown	$1,520	-1%
Northern Baltimore	$1,510	+13%
Southern Baltimore	$1,403	+3%
Upper Fells Point	$1,300	--
South Baltimore	$1,299	0%
Mid-Town Belvedere	$1,210	+15%
Glen	$1,200	--
Northeastern Baltimore	$1,187	+3%
Madison Park	$1,175	--
Washington Village - Pigtown	$1,150	--
Northwestern Baltimore	$1,135	+2%
Little Italy	$1,100	--
Cherry Hill	$1,074	--
Charles Village	$1,050	-10%
Upton	$1,050	--
Reservoir Hill	$984	+25%
Frankford	$975	-10%
Southwestern Baltimore	$960	+4%
Western Baltimore	$950	-24%
East Monument Historic District	$950	--
Bolton Hill	$939	-22%
Eastern Baltimore	$932	+43%
Parkside	$826	+4%
Cedonia	$821	+4%
Charles Street Scenic Byway	$800	-50%
East Baltimore Midway	$750	--

Neighborhood	2 Beds Avg Rent	Annual Change
Little Italy	$3,900	--
Locust Point	$3,600	-35%
Brewers Hill	$2,625	+8%
Fells Point	$2,529	+4%
Cross Keys	$2,400	--
Tuscany - Cantebury	$2,359	--
Hampden	$2,300	+30%
South Baltimore	$2,300	0%
Charles Street Scenic Byway	$2,300	+21%
Riverside	$2,195	0%
Southern Baltimore	$2,100	-6%
Canton	$2,047	-7%
Charles Village	$2,000	+14%
Woodberry	$2,000	--
Mt. Washington	$1,975	-18%
Downtown	$1,917	0%
Remington	$1,850	--
Mid-Town Belvedere	$1,800	0%
Glen	$1,800	+34%
Mount Vernon	$1,791	+6%
Northern Baltimore	$1,762	+1%
Upper Fells Point	$1,500	--
Madison Park	$1,400	--
Northeastern Baltimore	$1,332	0%
Northwestern Baltimore	$1,331	-1%
Hollins Market	$1,300	--
Reservoir Hill	$1,207	-11%
Southwestern Baltimore	$1,204	+13%
Bolton Hill	$1,194	0%
Frankford	$1,153	+8%
Eastern Baltimore	$1,113	-1%
Patterson Park	$1,100	-56%
Baltimore-Linwood	$1,100	-56%
Cedonia	$1,060	+1%
Cherry Hill	$1,059	--
Western Baltimore	$1,047	+16%
Parkside	$955	+7%
Washington Village - Pigtown	$950	--

How Other Cities Compare to Baltimore, MD

City	Studio Avg Rent	Annual Change
Ashburn	$2,707	+9%
Columbia	$2,207	-6%
Bel Air	$2,137	-2%
Washington	$2,004	+4%
Fairfax	$1,978	+3%
Frederick	$1,977	-2%
Arlington	$1,951	+1%
Gaithersburg	$1,818	-2%
Alexandria	$1,766	+3%
Herndon	$1,722	+1%
Bethesda	$1,657	+1%
Glen Burnie	$1,629	-7%
Rockville	$1,618	+7%
Towson	$1,602	+10%
Silver Spring	$1,512	-5%
Laurel	$1,357	-22%
York	$934	+10%

City	1 Bed Avg Rent	Annual Change
Ashburn	$3,002	+55%
Washington	$2,455	+3%
Arlington	$2,367	-2%
Waldorf	$2,323	+29%
Bethesda	$2,286	-4%
Reston	$2,280	+6%
Gaithersburg	$2,172	+12%
Fairfax	$2,107	+2%
Rockville	$2,049	+4%
Alexandria	$1,993	-3%
Herndon	$1,847	-4%
Silver Spring	$1,837	+1%
Towson	$1,723	+1%
Frederick	$1,683	+5%
Laurel	$1,658	-1%
Columbia	$1,646	-1%
Greenbelt	$1,612	+6%
Bel Air	$1,514	+15%
Glen Burnie	$1,475	-5%
Bowie	$1,395	-29%
York	$1,228	+4%

City	2 Beds Avg Rent	Annual Change
Bethesda	$3,474	+12%
Washington	$3,379	+7%
Arlington	$3,110	+1%
Waldorf	$2,655	+22%
Fairfax	$2,622	+6%
Rockville	$2,607	+6%
Reston	$2,495	-2%
Alexandria	$2,413	-4%
Ashburn	$2,359	-1%
Gaithersburg	$2,299	-7%
Silver Spring	$2,179	-5%
Towson	$2,109	+8%
Herndon	$2,066	-11%
Laurel	$2,065	+2%
Frederick	$1,940	+8%
Columbia	$1,889	+6%
Bel Air	$1,870	-12%
Greenbelt	$1,777	+2%
Glen Burnie	$1,744	-2%
Bowie	$1,659	-33%
York	$1,392	0%

Baltimore, MD Rent Trends

Studio	1 Bed	2 Beds
Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023
$1588	$1575	$1596	$1645	$1606	$1659	$1628	$1617	$1589	$1583	$1532	$1536	$1537
$1445	$1403	$1404	$1430	$1390	$1460	$1450	$1445	$1450	$1437	$1442	$1434	$1362
$1729	$1671	$1670	$1582	$1591	$1600	$1657	$1672	$1720	$1732	$1720	$1703	$1674
$1555	$1591	$1646	$1555	$1836	$1892	$1960	$1917	$1969	$2034	$2047	$2058	$2073

Neighborhood Information for Baltimore, MD

What are the most affordable neighborhoods in Baltimore, MD?

The most affordable neighborhoods in Baltimore are East Baltimore Midway, where the average 1-bedroom apartment rent goes for $750, Charles Street Scenic Byway, where renters pay $800 on average for a 1-bedroom apartment, and Cedonia, where the average 1-bedroom apartment rent goes for $821. If you're looking for other great deals, check out the listings in Parkside ($826 for a 1-bedroom apartment) or Eastern Baltimore ($932 for a 1-bedroom apartment), compared to the $1,396 average for a Baltimore 1-bedroom apartment.