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62 Pet Friendly Apartments for rent in Columbia, MD

Last updated November 22 at 8:51am UTC
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November 2017 Columbia Rent Report

Welcome to the November 2017 Columbia Rent Report. Columbia rents declined over the past month. In this report, we'll evaluate trends in the Columbia rental market, including comparisons to cities throughout the state and nation.

View full Columbia Rent Report
Rent Report
Columbia

November 2017 Columbia Rent Report

Welcome to the November 2017 Columbia Rent Report. Columbia rents declined over the past month. In this report, we'll evaluate trends in the Columbia rental market, including comparisons to cities throughout the state and nation.

Columbia rents declined over the past month

Columbia rents have declined 0.6% over the past month, but in comparison to the same time last year. Currently, median rents in Columbia stand at $1,520 for a one-bedroom apartment and $1,900 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in August. Columbia's year-over-year rent growth lags the state average of 1.4%, as well as the national average of 2.7%.

Rents rising across cities in Maryland

Throughout the past year, rents have remained steady in the city of Columbia, but other cities across the entire state have seen rents increase. Of the largest 10 cities that we have data for in Maryland, 8 of them have seen prices rise. The state as a whole logged rent growth of 1.4% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Bethesda is the most expensive of all Maryland's major cities, with a median two-bedroom rent of $2,390; of the 10 largest Maryland cities that we have data for, 3 have seen rents fall year-over-year, with Waldorf experiencing the fastest decline (-1.3%).
  • Baltimore and Frederick have both experienced year-over-year growth above the state average (2.5% and 2.4%, respectively).

Many large cities nationwide show more affordable rents compared to Columbia

Rent growth in Columbia 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. Compared to most large cities across the country, Columbia is less affordable for renters.

  • Columbia's median two-bedroom rent of $1,900 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the stagnant growth in Columbia.
  • While rents in Columbia remained moderately stable this year, similar cities saw increases, including Columbus (+3.1%), Minneapolis (+1.6%), and Detroit (+1.4%); note that median 2BR rents in these cities go for $950, $1,130, and $890 respectively.
  • Renters will generally find more expensive prices in Columbia than most large cities. For example, Detroit has a median 2BR rent of $890, where Columbia is more than twice that price.

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 $1,200 -0.5% 2.5%
Columbia $1,520 $1,900 -0.6% 0.1%
Glen Burnie $1,160 $1,450 -0.3% 0.0%
Towson $1,210 $1,520 -0.1% -2.9%
Annapolis $1,440 $1,800 -0.4% -1.1%
Odenton $1,770 $2,230 0.5% 1.3%
Owings Mills $1,190 $1,500 -0.1% 0.3%
Elkridge $1,430 $1,790 -2.1% 1.3%

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.