67 Furnished Apartments for rent in Baltimore, MD

Last updated July 18 at 2:38pm UTC
Communities at Middle Branch
2868 Potee St
Baltimore, MD
Updated July 18 at 1:38pm UTC
1 Bedroom
$749
3 Bedrooms
$999
414 Light Street
414 Light Street
Baltimore, MD
Updated July 18 at 12:24pm UTC
Studio
$1,866
1 Bedroom
$1,814
2 Bedrooms
$3,284
1101 SAINT PAUL STREET
Mid-Town Belvedere
Baltimore, MD
Updated July 18 at 2:38pm UTC
2 Bedrooms
$2,200
718 PORTLAND STREET
Ridgely's Delight
Baltimore, MD
Updated July 18 at 2:37pm UTC
3 Bedrooms
$1,900
311 W Baltimore St
Downtown Baltimore
Baltimore, MD
Updated July 18 at 1:25am UTC
2 Bedrooms
$2,000

July 2018 Baltimore Rent Report

Welcome to the July 2018 Baltimore Rent Report. Baltimore rents increased over the past month. In this report, we'll evaluate trends in the Baltimore rental market, including comparisons to cities throughout the metro, state, and nation.

View full Baltimore Rent Report
Rent Report
Baltimore

July 2018 Baltimore Rent Report

Welcome to the July 2018 Baltimore Rent Report. Baltimore rents increased over the past month. In this report, we'll evaluate trends in the Baltimore rental market, including comparisons to cities throughout the metro, state, and nation.

Baltimore rents increase sharply over the past month

Baltimore rents have increased 0.8% over the past month, but have decreased moderately by 0.6% in comparison to the same time last year. Currently, median rents in Baltimore stand at $950 for a one-bedroom apartment and $1,200 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in March. Baltimore's year-over-year rent growth lags the state average of 0.9%, as well as the national average of 1.4%.

Rents rising across the Baltimore Metro

While rent prices have decreased in Baltimore over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in 7 of the largest 10 cities in the Baltimore metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.

  • Annapolis has seen the fastest rent growth in the metro, with a year-over-year increase of 4.8%. The median two-bedroom there costs $1,890, while one-bedrooms go for $1,510.
  • Over the past year, Towson has seen the biggest rent drop in the metro, with a decline of 4.2%. Median two-bedrooms there cost $1,460, while one-bedrooms go for $1,160.
  • Odenton has the most expensive rents of the largest cities in the Baltimore metro, with a two-bedroom median of $2,230; rents grew 0.1% over the past month and 0.5% over the past year.
  • Essex has the least expensive rents in the Baltimore metro, with a two-bedroom median of $1,100; rents increased 0.3% over the past month and 1.0% over the past year.

Baltimore rents more affordable than many comparable cities nationwide

As rents have fallen moderately in Baltimore, many other large cities nationwide have seen prices increase, in some cases substantially. Baltimore is also more affordable than most similar cities across the country.

  • Baltimore's median two-bedroom rent of $1,200 is slightly above the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 0.6% decline in Baltimore.
  • While rents in Baltimore fell moderately over the past year, many cities nationwide saw increases, including Detroit (+1.3%), Philadelphia (+1.2%), and Austin (+0.6%).
  • Renters will find more reasonable prices in Baltimore than most comparable cities. For example, Boston has a median 2BR rent of $2,090, which is more than one-and-a-half times the price in Baltimore.

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 $950 $1,200 0.8% -0.6%
Columbia $1,520 $1,910 0.5% -0.6%
Glen Burnie $1,170 $1,470 0.4% 0.8%
Ellicott City $1,480 $1,860 1.1% 2.4%
Dundalk $940 $1,180 -0.4% 2.8%
Towson $1,160 $1,460 -0.3% -4.2%
Catonsville $1,110 $1,390 0.5% 2.2%
Essex $880 $1,100 0.3% 1.0%
Annapolis $1,510 $1,890 1.1% 4.8%
Odenton $1,780 $2,230 0.1% 0.5%
See more

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.