Annapolis renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
On average, the cost of rent in Annapolis is about $2,094 per month. This puts it in the 84th percentile compared to the state average cost of rent, which is $1,788. Households in Annapolis have a median income of $8,865 per month so the average renter in Annapolis is spending roughly 24% of their earnings on housing.
Nationally, and in Annapolis, home values are the data point most closely correlated with the cost of rent. The median price of a home in Annapolis is $668,380 right now, which is lower than cities nearby, meaning that rents in Annapolis also tend to be lower versus these nearby cities.
Higher rent prices are common in the northern parts of Annapolis while lower rent rates are often available in southern areas.
Nearby Cities
- Parole, MD: less expensive rent prices
- Annapolis Neck, MD: more expensive rent prices
- Highland Beach, MD: less expensive rent prices
- Arnold, MD: more expensive rent prices
- Edgewater, MD: less expensive rent prices
- Cape St. Claire, MD: more expensive rent prices
- Riva, MD: less expensive rent prices
- Mayo, MD: more expensive rent prices
- Crownsville, MD: less expensive rent prices
- Gibson Island, MD: less expensive rent prices
Cities with Similar Populations
- Cupertino, CA: more expensive rent prices
- Pontiac, MI: less expensive rent prices
- The Hammocks, FL: more expensive rent prices
- South Whittier, CA: less expensive rent prices
- West Allis, WI: less expensive rent prices
- Huntersville, NC: less expensive rent prices
- East Elmhurst, NY: less expensive rent prices
- Skokie, IL: less expensive rent prices
- Stuart, FL: less expensive rent prices
- North Bergen, NJ: less expensive rent prices
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