Maryland 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
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in Maryland is about $1,788 per month. This puts it in the 94th percentile compared to the nation average cost of rent, which is $1,385. Households in Maryland have a median income of $7,999 per month so the average renter in Maryland is spending roughly 22% of their earnings on housing.
Nationally, and in Maryland, home values are the data point most closely correlated with the cost of rent. The median price of a home in Maryland is $462,363 right now, which is lower than states nearby, meaning that rents in Maryland also tend to be lower versus these nearby states.
Higher rent prices are common in the western parts of Maryland while lower rent rates are often available in southeastern areas.
Nearby States
- District of Columbia: more expensive rent prices
- Delaware: less expensive rent prices
- Pennsylvania: less expensive rent prices
- Virginia: less expensive rent prices
- New Jersey: less expensive rent prices
- West Virginia: less expensive rent prices
- New York: less expensive rent prices
- Connecticut: less expensive rent prices
- North Carolina: less expensive rent prices
- Rhode Island: less expensive rent prices
States with Similar Populations
- Missouri: less expensive rent prices
- Wisconsin: less expensive rent prices
- Minnesota: less expensive rent prices
- Tennessee: less expensive rent prices
- Colorado: less expensive rent prices
- Indiana: less expensive rent prices
- Massachusetts: less expensive rent prices
- Arizona: less expensive rent prices
- Alabama: less expensive rent prices
- Washington: less expensive rent prices
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