300 Apartments under 1400 for rent in Annapolis, MD

Last updated September 23 at 7:30AM
133 PRINCE GEORGE STREET
Annapolis
Annapolis, MD
Updated August 27 at 6:34PM
1 Bedroom
$1,300
3629 RIVA ROAD
, MD
Updated September 22 at 2:49AM
1 Bedroom
$900
1208 SEMINOLE DRIVE
Arnold
Arnold, MD
Updated September 23 at 3:18AM
1 Bedroom
$750
Results within 5 miles of Annapolis, MD
Results within 10 miles of Annapolis, MD
602 Rolling Hill Walk
Odenton
Odenton, MD
Updated September 23 at 1:44AM
2 Bedrooms
$1,395
23 NORTH CAROLINA AVENUE
Pasadena
Pasadena, MD
Updated September 22 at 6:42PM
1 Bedroom
$1,100
54 CHURCH ROAD
Arnold
Arnold, MD
Updated September 21 at 7:46PM
1 Bedroom
$1,310
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Rent Report
Annapolis

September 2017 Annapolis Rent Report

Welcome to the September 2017 Annapolis Rent Report. In this report, we'll evaluate trends in the Annapolis rental market, including comparisons to similar cities nationwide.

Annapolis rents increased marginally over the past month

Annapolis rents have increased 0.1% over the past month, but are down slightly by 1.4% in comparison to the same time last year. Currently, median rents in Annapolis stand at $1,440 for a one-bedroom apartment and $1,810 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in June. Annapolis' year-over-year rent growth lags the state average of 1.7%, as well as the national average of 3.0%.

Many large cities nationwide show more affordable rents compared to Annapolis

As rents have fallen in Annapolis, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Annapolis is less affordable for renters.

  • Maryland as a whole has logged 1.7% year-over-year growth, while rent trends across other cities throughout the state have varied.
  • Annapolis' median two-bedroom rent of $1,810 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 1.4% decline in Annapolis.
  • While rents in Annapolis fell over the past year, many cities nationwide saw increases, including Columbus (+3.8%), Chicago (+3.8%), and Minneapolis (+2.6%).
  • Renters will generally find more expensive prices in Annapolis than most large cities. For example, Detroit has a median 2BR rent of $890, where Annapolis is more than twice that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Baltimore $960 $1,210 -0.2% 2.6%
Columbia $1,530 $1,920 0.1% 1.5%
Glen Burnie $1,170 $1,460 -0.1% 0.6%
Towson $1,220 $1,530 0.1% -0.8%
Annapolis $1,440 $1,810 0.1% -1.4%
Odenton $1,770 $2,220 -0.6% 1.9%
Owings Mills $1,210 $1,510 0.2% 2.9%
Elkridge $1,460 $1,830 -0.3% -0.0%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.