Silver Spring 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 Silver Spring is about $2,007 per month. This puts it in the 80th percentile compared to the state average cost of rent, which is $1,788. Households in Silver Spring have a median income of $8,029 per month so the average renter in Silver Spring is spending roughly 25% of their earnings on housing.
Nationally, and in Silver Spring, home values are the data point most closely correlated with the cost of rent. The median price of a home in Silver Spring is $553,031 right now, which is lower than cities nearby, meaning that rents in Silver Spring also tend to be lower versus these nearby cities.
Higher rent prices are common in the northeastern parts of Silver Spring while lower rent rates are often available in southeastern areas.
Nearby Cities
- Four Corners, MD: more expensive rent prices
- Kemp Mill, MD: more expensive rent prices
- White Oak, MD: more expensive rent prices
- Adelphi, MD: less expensive rent prices
- Wheaton, MD: more expensive rent prices
- Takoma Park, MD: less expensive rent prices
- Colesville, MD: less expensive rent prices
- Glenmont, MD: more expensive rent prices
- Kensington, MD: more expensive rent prices
- South Kensington, MD: less expensive rent prices
Cities with Similar Populations
- Norman, OK: less expensive rent prices
- Boulder, CO: less expensive rent prices
- Saginaw, MI: less expensive rent prices
- Independence, MO: less expensive rent prices
- College Station, TX: less expensive rent prices
- Fargo, ND: less expensive rent prices
- Thornton, CO: less expensive rent prices
- Newark, DE: less expensive rent prices
- Peoria, IL: less expensive rent prices
- Elgin, IL: less expensive rent prices
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