Baltimore rents increased over the past month
In Baltimore, rents grew by 0.2% this past month, and prices are 0.9% higher than last year. 1-bedrooms in Baltimore have a median rent of $1,280, while 2-bedrooms cost $1,500.
Baltimore has the 9th highest rents
- Severn: Severn is the most expensive city for renters in the Baltimore metro. 2-bedrooms in Severn run $1,860, while 1-bedrooms rent for $1,700. Severn rents have grown by 4.0% in the last year.
- Annapolis: Annapolis has the 2nd highest rent prices in the metro. A 2-bedroom in Annapolis costs $1,750, and 1-beds go for $1,640. Rents in Annapolis have decreased by 1.3% in the past year.
- Ellicott City: Rents in Ellicott City are the 3rd highest in the Baltimore metro. Median rents there are at $1,700 for 2-bedrooms and $1,280 for 1-bedrooms. Rents have decreased by 3.8% in the past year, though prices grew by 1.1% over the past month.
Bel Air South shows the fastest-growing rents
- Bel Air South: With prices 5.6% higher than last year, Bel Air South shows the most year-over-year growth in the metro. 2-bedrooms there have a median rent of $1,600, and 1-bedrooms cost $1,410.
- Towson: Towson shows the 2nd fastest-growing rents, at a 4.0% increase over last year. 1- and 2-bedrooms in Towson cost $1,360 and $1,630, respectively.
- Owings Mills: Rents in Owings Mills have grown by 1.9% in the past year, though rent prices decreased by 0.9% over the past month. 2-bedrooms in Owings Mills cost $1,580, and 1-beds rent for $1,350.
|City||Median 1 BR price||Median 2 BR price||M/M price change||Y/Y price change|
|Bel Air South||$1410||$1600||4.1%||5.6%|
Apartment List Rent Report data is drawn monthly from the millions of listings on our site. 1-bedroom and 2-bedroom rents are calculated as the median for units available in the specified size and time period. Price changes are calculated using a “same unit” methodology similar to the Case-Shiller “repeat sales” home prices methodology, taking the average price change for units available across both time periods.
About Rent Reports:
Apartment List’s Rent Reports cover rental pricing data in major cities, their suburbs, and their neighborhoods. We provide valuable leading indicators of rental price trends, highlight data on top cities, and identify the key facts renters should know. As always, our goal is to provide price transparency to America’s 105 million renters to help them make the best possible decisions in choosing a place to call home.