Using a Realtor
One of the disadvantages for those searching for an apartment in College Park is the low percentage of available vacant rental properties. With a 2 percent rental rate, those looking for good rental homes in College Park certainly have their work cut out for them. Using the services of a realtor might make it easier to get a place. But if your budget is stretched, you can still look for an apartment yourself. You can look for rental property listings on reputable real estate websites or you could go to the city to look for little hidden nuggets that are not advertised online. The advantage of using a realtor is that they probably have more contacts and know where to find an apartment to suit your specifications.
The city of College Park has an ordinance known as the Rent Stabilization Ordinance, which is meant to protect tenants from arbitrary rent increases. While this applies to single-family homes and similar residential properties, it excludes apartments, motels and so on.
What You Need
Most of the landlords in College Park will require a security deposit, the first month’s rent and for you to fill out a rental application. The requirements for renting an apartment may differ, so make sure you find out what the rental management policies are for any apartment.
These are some of the neighborhoods in College Park.
Beltsville: The median rental rate for this neighborhood is in the $1,660 range, somewhat affordable for Maryland. You will find apartment complexes, single-family homes and high-rise apartments to rent here.
Hollywood: Hollywood is another neighborhood in College Park with rental housing in the form of single-family homes and townhomes. The average rental price for this area is $1,500, still in the upper mid-range.
City Center / U of Maryland-College Park: This is the place with relatively affordable housing. The median rental rate here is $1,050, lower than other neighborhoods in College Park.
College Park Woods: College Park Woods is another neighborhood where you can find rental housing in the form of apartment complexes, single-family homes, high-rise apartments and small studio apartments. The median rental rate here is $1,300.
One of the things that stands out about College Park is the laws to keep the rent reasonable so that more people can afford to rent an apartment in the city of College Park. Those who enjoy an active nightlife will find a lot to love about College Park. The city also has a number of places listed on the National Register of Historic Places. A significant percentage of the population do not own cars and either walk, ride a bicycle, take a bus, or ride the train to their destination. Many residents still own their own cars and prefer to use this means of transportation. We wish you the best in your search for apartments in College Park!