173 Apartments under 1400 for rent in Elkridge, MD

Last updated November 21 at 2:29am UTC
Results within 1 miles of Elkridge, MD
6 Fallen Tree Ct
Arbutus
Arbutus, MD
Updated November 7 at 5:44pm UTC
2 Bedrooms
$1,350
Results within 5 miles of Elkridge, MD
5630 RINGWOOD DRIVE
Arbutus
Arbutus, MD
Updated November 9 at 12:05pm UTC
2 Bedrooms
$1,350
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November 2017 Elkridge Rent Report

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

View full Elkridge Rent Report
Rent Report
Elkridge

November 2017 Elkridge Rent Report

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

Elkridge rents declined over the past month

Elkridge rents have declined 2.1% over the past month, but are up slightly by 1.3% in comparison to the same time last year. Currently, median rents in Elkridge stand at $1,430 for a one-bedroom apartment and $1,790 for a two-bedroom. This is the third straight month that the city has seen rent decreases after an increase in July. Elkridge'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, rent increases have been occurring not just in the city of Elkridge, but across the entire state. 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 Elkridge

As rents have increased slightly in Elkridge, large cities nationwide have seen rents grow more quickly. Compared to most large cities across the country, Elkridge is less affordable for renters.

  • Elkridge's median two-bedroom rent of $1,790 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 1.3% rise in Elkridge.
  • While Elkridge's rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Columbus (+3.1%), Minneapolis (+1.6%), and Detroit (+1.4%).
  • Renters will generally find more expensive prices in Elkridge than most large cities. For example, Detroit has a median 2BR rent of $890, where Elkridge 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.