272 Apartments for rent in Bowie, MD
📍Find an apartment for rent in Bowie, MD
Searching for an apartment for rent in Bowie, MD? Look no further! Apartment List will help you find a perfect apartment near you. There are 271 available rental units listed on Apartment List in Bowie. Click on listings to see photos, floorplans, amenities, prices and availability, and much more!
The median rent in Bowie is $2,087 for a studio, $2,192 for a one-bedroom apartment, and $2,532 for a two-bedroom apartment. If you are looking for a deal, keep an eye out for a red pulsing icon that indicates rent specials.
Tired of browsing? Take our personalized quiz. You’ll answer a couple of simple questions and we’ll put together a list of Bowie apartments that are best for you. We’ll also factor in your commute, budget, and preferred amenities. Looking for a pet-friendly rental, or an apartment with in-unit washer and dryer? No problem, we’ll provide you with apartments that match that criteria.
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August 2020 Bowie Rent Report
Welcome to the August 2020 Bowie Rent Report. Bowie rents increased over the past month. In this report, we'll evaluate trends in the Bowie rental market, including comparisons to cities throughout the metro, state, and nation.
August 2020 Bowie Rent Report
Welcome to the August 2020 Bowie Rent Report. Bowie rents increased over the past month. In this report, we'll evaluate trends in the Bowie rental market, including comparisons to cities throughout the metro, state, and nation.
Bowie rents increase sharply over the past month
Bowie rents have increased 0.8% over the past month, and have increased moderately by 2.5% in comparison to the same time last year. Currently, median rents in Bowie stand at $2,192 for a one-bedroom apartment and $2,532 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in May. Bowie's year-over-year rent growth leads the state average of -0.7%, as well as the national average of 0.2%.
Rents falling across the DC Metro
While rents prices have increased in Bowie over the past year, the rest of the metro is seeing the opposite trend. Of the largest 10 cities that we have data for in the DC metro, 8 of them have seen prices fall. Here's a look at how rents compare across some of the largest cities in the metro.
- Over the past year, Waldorf has seen the biggest rent drop in the metro, with a decline of 6.7%. Median two-bedrooms there cost $1,904, while one-bedrooms go for $1,649.
- Frederick has seen the fastest rent growth in the metro, with a year-over-year increase of 1.8%. The median two-bedroom there costs $1,631, while one-bedrooms go for $1,412.
- DC proper has the least expensive rents in the DC metro, with a two-bedroom median of $1,555; rents fell 0.5% over the past month and 1.4% over the past year.
- Bethesda has the most expensive rents of the largest cities in the DC metro, with a two-bedroom median of $2,389; rents decreased 0.2% over the past month and 4.2% over the past year.
Many large cities nationwide show more affordable rents compared to Bowie
As rents have increased moderately in Bowie, other large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Bowie is less affordable for renters.
- Although rents across cities in Maryland have been slightly decreasing, the state's growth as a whole has held steady over the past year. For example, rents have fallen by 0.2% in Baltimore.
- Bowie's median two-bedroom rent of $2,532 is above the national average of $1,193. Nationwide, rents have held steady over the past year.
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.
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.