Average Rent Prices in Maryland (MD)
$9671
Studio
$1,0321
1BR
$1,2651
2BR
$1,6641
3BR
$1,9071
4BR
As of 2023, the overall average fair market rent for a residential rental property in Maryland is $1,367. Average rent prices in Maryland sit above the national average rent of $1,274, in which Maryland ranks as the as 18th highest rent among all 50 states and the 33rd lowest rent among all 50 states within the United States. In Maryland’s large metropolitan areas such as Baltimore, MD, the average rent prices tend to be higher, while alternative areas such as Frederick, MD, can provide more affordable options.
1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.
Rent Rankings
18th
Highest Rent Among 50 States
33rd
Lowest Rent Among 50 States
Above
The National Rent Average
Definitions
Studio – A one-room unit with a private bathroom.
1BR – A unit that has a separate bathroom and a separate bedroom.
2BR – A unit that has two separate and distinct bedrooms.
3BR – A unit that has 3 separate and distinct bedrooms.
4BR – A unit that has 4 separate and distinct bedrooms.
Fair Market Rent – Gross rent estimate for a standard rental unit in a given market.
Average Rent Prices in Maryland (MD) Visual Chart
Average Rent Prices in Maryland (MD) by Metro Area
| wdt_ID | Metro | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|---|
| 1 | Baltimore-Columbia-Towson, MD MSA | 1.082 | 1.254 | 1.548 | 2.009 | 2.298 |
| 2 | California-Lexington Park, MD MSA | 1.304 | 1.323 | 1.597 | 2.168 | 2.475 |
| 3 | Cumberland, MD-WV MSA | 560 | 668 | 838 | 1.073 | 1.356 |
| 4 | Hagerstown, MD HUD Metro FMR Area | 709 | 818 | 1.060 | 1.506 | 1.678 |
| 5 | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA | 1.081 | 1.218 | 1.470 | 1.789 | 2.079 |
| 6 | Salisbury, MD HUD Metro FMR Area | 856 | 861 | 1.134 | 1.506 | 1.635 |
| 7 | Somerset County, MD HUD Metro FMR Area | 697 | 701 | 923 | 1.235 | 1.240 |
| 8 | Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area | 1.589 | 1.615 | 1.838 | 2.299 | 2.742 |
| 9 | Worcester County, MD HUD Metro FMR Area | 828 | 833 | 976 | 1.387 | 1.662 |
| Metro | Studio | 1BR | 2BR | 3BR | 4BR |
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2023.
Methodology
Areas with insufficient inventory or populations less than 25,000 were excluded from this analysis. Averages are based on the combined average of 0-4 bedroom residential rental properties throughout the United States excluding Puerto Rico.
Data
Rent prices are based on aggregated data from one and/or several sources noted below:
Disclaimer
The information included is used for illustrative purposes only. The data contained herein does not constitute financial, legal, or any material advice. Data is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals before making any material decisions.
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