2 Apartments under 900 for rent in Essex, MD

Last updated January 17 at 12:58pm UTC
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January 2018 Essex Rent Report

Welcome to the January 2018 Essex Rent Report. Essex rents remained steady over the past month. In this report, we'll evaluate trends in the Essex rental market, including comparisons to cities throughout the metro, state, and nation.

View full Essex Rent Report
Rent Report
Essex

January 2018 Essex Rent Report

Welcome to the January 2018 Essex Rent Report. Essex rents remained steady over the past month. In this report, we'll evaluate trends in the Essex rental market, including comparisons to cities throughout the metro, state, and nation.

Essex rent trends were flat over the past month

Essex rents have remained flat over the past month, however, they have increased moderately by 2.0% year-over-year. Currently, median rents in Essex stand at $870 for a one-bedroom apartment and $1,090 for a two-bedroom. Essex's year-over-year rent growth leads the state average of 1.5%, but trails the national average of 2.8%.

Rents rising across the Baltimore Metro

Throughout the past year, rent increases have been occurring not just in the city of Essex, but across the entire metro. Of the largest 10 cities that we have data for in the Baltimore metro, 8 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Over the past year, Towson has seen the biggest rent drop in the metro, with a decline of 3.7%. Median two-bedrooms there cost $1,500, while one-bedrooms go for $1,190.
  • Dundalk has seen the fastest rent growth in the metro, with a year-over-year increase of 3.6%. The median two-bedroom there costs $1,180, while one-bedrooms go for $940.
  • Odenton has the most expensive rents of the largest cities in the Baltimore metro, with a two-bedroom median of $2,200; rents decreased 1.0% over the past month but were up 2.0% over the past year.
  • Essex has the least expensive rents in the Baltimore metro, with a two-bedroom median of $1,090; rents rose 2.0% over the past year but remained flat month-over-month.

Essex rents more affordable than many large cities nationwide

As rents have increased moderately in Essex, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Essex is still more affordable than most large cities across the country.

  • Essex's median two-bedroom rent of $1,090 is below the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 2.0% increase in Essex.
  • While Essex's rents rose moderately over the past year, some cities nationwide saw decreases, including DC (-0.3%) and Nashville (-0.1%).
  • Renters will find more reasonable prices in Essex than most large cities. For example, Boston has a median 2BR rent of $2,050, which is more than one-and-a-half times the price in Essex.

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% 2.9%
Columbia $1,500 $1,890 -0.4% 0.3%
Glen Burnie $1,150 $1,440 -0.2% -0.2%
Ellicott City $1,450 $1,820 -0.3% 2.0%
Dundalk $940 $1,180 -0.4% 3.6%
Towson $1,190 $1,500 -1.5% -3.7%
Catonsville $1,080 $1,360 -0.3% 2.0%
Essex $870 $1,090 -0.0% 2.0%
Annapolis $1,450 $1,820 0.9% 0.4%
Odenton $1,760 $2,200 -1.0% 2.0%
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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.