130 Apartments under 1000 for rent in Towson, MD

Last updated September 20 at 10:35AM
Results within 1 miles of Towson, MD
2015 WEST ROGERS AVENUE
Mt. Washington
Baltimore, MD
Updated September 19 at 6:50PM
1 Bedroom
$950
1900 JOPPA RD E #B
Parkville
Parkville, MD
Updated September 20 at 10:30AM
Studio
$850
900 Woodson Rd
Lake Walker
Baltimore, MD
Updated September 18 at 9:17AM
2 Bedrooms
$975
Results within 5 miles of Towson, MD
28 ALLEGHENY AVE #1200
Towson
Towson, MD
Updated September 11 at 6:39PM
Studio
$995
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Rent Report
Towson

September 2017 Towson Rent Report

Welcome to the September 2017 Towson Rent Report. Towson rents remained steady over the past month. In this report, we'll evaluate trends in the Towson rental market, including comparisons to similar cities nationwide.

Towson rents held steady over the past month

Towson rents have remained steady over the past month, but they have declined marginally by 0.8% year-over-year. Currently, median rents in Towson stand at $1,220 for a one-bedroom apartment and $1,530 for a two-bedroom. Towson's year-over-year rent growth lags the state average of 1.7%, as well as the national average of 3.0%.

Many large cities nationwide show more affordable rents compared to Towson

As rents have fallen in Towson, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Towson is less affordable for renters.

  • Maryland as a whole has logged 1.7% year-over-year growth, while rent trends across other cities throughout the state have varied.
  • Towson's median two-bedroom rent of $1,530 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 0.8% decline in Towson.
  • While rents in Towson fell over the past year, many cities nationwide saw increases, including Columbus (+3.8%), Chicago (+3.8%), and Minneapolis (+2.6%).
  • Renters will generally find more expensive prices in Towson than most large cities. For example, Detroit has a median 2BR rent of $890, where Towson 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 $960 $1,210 -0.2% 2.6%
Columbia $1,530 $1,920 0.1% 1.5%
Glen Burnie $1,170 $1,460 -0.1% 0.6%
Towson $1,220 $1,530 0.1% -0.8%
Annapolis $1,440 $1,810 0.1% -1.4%
Odenton $1,770 $2,220 -0.6% 1.9%
Owings Mills $1,210 $1,510 0.2% 2.9%
Elkridge $1,460 $1,830 -0.3% -0.0%

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.