300 Cheap Apartments for rent in Annapolis, MD

Last updated November 22 at 2:38am UTC
211 Victor Pkwy
Annapolis
Annapolis, MD
Updated November 16 at 12:23pm UTC
2 Bedrooms
$1,395
905 BAY RIDGE AVENUE
Annapolis
Annapolis, MD
Updated November 16 at 10:54am UTC
2 Bedrooms
$1,395
58 REGATTA BAY COURT
Annapolis
Annapolis, MD
Updated November 22 at 2:31am UTC
1 Bedroom
$1,250
1225 Gemini Drive Unit B
Annapolis
Annapolis, MD
Updated November 16 at 12:06pm UTC
1 Bedroom
$1,400
599 OAKLAND HILLS DRIVE
Arnold
Arnold, MD
Updated November 22 at 2:38am UTC
2 Bedrooms
$1,400
3629 RIVA ROAD
, MD
Updated November 11 at 2:26am UTC
1 Bedroom
$900
Results within 5 miles of Annapolis, MD
Results within 10 miles of Annapolis, MD
902 PRIMROSE ROAD
Annapolis
Annapolis, MD
Updated November 11 at 2:26am UTC
1 Bedroom
$1,400
12 SILVERWOOD CIR #11
Annapolis
Annapolis, MD
Updated November 22 at 2:21am UTC
2 Bedrooms
$1,400
20 SILOPANNA ROAD
Annapolis
Annapolis, MD
Updated November 18 at 5:42pm UTC
2 Bedrooms
$1,195
12 SILVERWOOD CIRCLE
Annapolis
Annapolis, MD
Updated November 11 at 2:31am UTC
2 Bedrooms
$1,400
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November 2017 Annapolis Rent Report

Welcome to the November 2017 Annapolis Rent Report. Annapolis rents declined over the past month. In this report, we'll evaluate trends in the Annapolis rental market, including comparisons to cities throughout the state and nation.

View full Annapolis Rent Report
Rent Report
Annapolis

November 2017 Annapolis Rent Report

Welcome to the November 2017 Annapolis Rent Report. Annapolis rents declined over the past month. In this report, we'll evaluate trends in the Annapolis rental market, including comparisons to cities throughout the state and nation.

Annapolis rents declined significantly over the past month

Annapolis rents have declined 0.4% over the past month, and are down moderately by 1.1% in comparison to the same time last year. Currently, median rents in Annapolis stand at $1,440 for a one-bedroom apartment and $1,800 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in August. Annapolis' year-over-year rent growth lags the state average of 1.4%, as well as the national average of 2.7%.

Rents rising across cities in Maryland

While rent decreases have been occurring in the city of Annapolis over the past year, cities in the rest of the state are seeing the opposite trend. Rents have risen in 8 of the largest 10 cities in Maryland for which we have data. The state as a whole logged rent growth of 1.4% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Bethesda is the most expensive of all Maryland's major cities, with a median two-bedroom rent of $2,390; of the 10 largest Maryland cities that we have data for, 3 have seen rents fall year-over-year, with Waldorf experiencing the fastest decline (-1.3%).
  • Baltimore and Frederick have both experienced year-over-year growth above the state average (2.5% and 2.4%, respectively).

Many large cities nationwide show more affordable rents compared to Annapolis

As rents have fallen moderately 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.

  • Annapolis' median two-bedroom rent of $1,800 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 1.1% decline in Annapolis.
  • While rents in Annapolis fell moderately over the past year, many cities nationwide saw increases, including Columbus (+3.1%), Minneapolis (+1.6%), and Detroit (+1.4%).
  • 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 $1,200 -0.5% 2.5%
Columbia $1,520 $1,900 -0.6% 0.1%
Glen Burnie $1,160 $1,450 -0.3% 0.0%
Towson $1,210 $1,520 -0.1% -2.9%
Annapolis $1,440 $1,800 -0.4% -1.1%
Odenton $1,770 $2,230 0.5% 1.3%
Owings Mills $1,190 $1,500 -0.1% 0.3%
Elkridge $1,430 $1,790 -2.1% 1.3%

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.