52 Furnished Apartments for rent in Baltimore, MD

Last updated September 26 at 6:53AM
100 HARBORVIEW DRIVE
Inner Harbor
Baltimore, MD
Updated September 26 at 5:42AM
2 Bedrooms
$5,700
726 LUZERNE AVENUE
Canton
Baltimore, MD
Updated September 21 at 3:37PM
2 Bedrooms
$1,800
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Rent Report
Baltimore

September 2017 Baltimore Rent Report

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

Baltimore rents declined marginally over the past month

Baltimore rents have declined 0.2% over the past month, but have increased moderately by 2.6% in comparison to the same time last year. Currently, median rents in Baltimore stand at $960 for a one-bedroom apartment and $1,210 for a two-bedroom. Baltimore's year-over-year rent growth leads the state average of 1.7%, but trails the national average of 3.0%.

Baltimore rents more affordable than many comparable cities nationwide

Rent growth in Baltimore has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Baltimore is still more affordable than most similar cities across the country.

  • Maryland as a whole has logged 1.7% year-over-year growth, while rent trends across other cities throughout the state have varied.
  • Baltimore's median two-bedroom rent of $1,210 is slightly above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 2.6% rise in Baltimore.
  • While rents in Baltimore remained moderately stable this year, similar cities saw increases, including Columbus (+3.8%), Chicago (+3.8%), and Minneapolis (+2.6%); note that median 2BR rents in these cities go for $950, $1,290, and $1,150 respectively.
  • Renters will find more reasonable prices in Baltimore than most other large 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 $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.