69 Apartments under 1000 for rent in Owings Mills, MD

Last updated May 25 at 5:07am UTC
Results within 1 miles of Owings Mills, MD
Results within 5 miles of Owings Mills, MD
4001 Clarks Ln
Glen
Baltimore, MD
Updated May 14 at 5:53pm UTC
1 Bedroom
$980
107 OLD COURT ROAD
Pikesville
Pikesville, MD
Updated May 3 at 9:28pm UTC
Studio
$600
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May 2018 Owings Mills Rent Report

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

View full Owings Mills Rent Report
Rent Report
Owings Mills

May 2018 Owings Mills Rent Report

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

Owings Mills rent trends were flat over the past month

Owings Mills rents have remained flat over the past month, however, they have increased slightly by 1.9% year-over-year. Currently, median rents in Owings Mills stand at $1,210 for a one-bedroom apartment and $1,510 for a two-bedroom. Owings Mills' year-over-year rent growth leads the state average of 0.7%, as well as the national average of 1.5%.

Rents rising across the Baltimore Metro

Throughout the past year, rent increases have been occurring not just in the city of Owings Mills, 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.

  • Odenton has the most expensive rents in the Baltimore metro, with a two-bedroom median of $2,230; the city has also seen rent growth of 3.4% over the past year, the fastest in the metro.
  • Over the past year, Towson has seen the biggest rent drop in the metro, with a decline of 3.6%. Median two-bedrooms there cost $1,470, while one-bedrooms go for $1,170.
  • Essex has the least expensive rents in the Baltimore metro, with a two-bedroom median of $1,100; rents rose 0.9% over the past year but remained flat month-over-month.

Many large cities nationwide show more affordable rents compared to Owings Mills

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

  • Owings Mills' median two-bedroom rent of $1,510 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 1.9% increase in Owings Mills.
  • While Owings Mills' rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Columbus (+1.5%), Philadelphia (+1.1%), and Boston (+1.0%).
  • Renters will generally find more expensive prices in Owings Mills than most large cities. For example, Detroit has a median 2BR rent of $890, where Owings Mills is more than one-and-a-half times 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 $940 $1,180 0.4% -1.1%
Columbia $1,510 $1,890 0.2% 0.6%
Glen Burnie $1,160 $1,460 0.2% 0.2%
Ellicott City $1,460 $1,840 0.3% 2.2%
Dundalk $940 $1,180 0.8% 3.0%
Towson $1,170 $1,470 -0.7% -3.6%
Catonsville $1,090 $1,370 1.0% 2.1%
Essex $880 $1,100 0.0% 0.9%
Annapolis $1,460 $1,840 0.8% 1.5%
Odenton $1,770 $2,230 -0.4% 3.4%
See more

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.