Annapolis, MD Rental Market Trends
Highlights
The average rent for an apartment in Annapolis is $1,767, a 10% increase compared to the previous year, when the average rent was $1,601.
Average Rent in Annapolis, MD
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,767 | 10% | 879 sq. ft. |
The average size for a Annapolis, MD apartment is 879 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Annapolis, MD Apartment Rent Ranges
- $701-$1,0001%
- $1,001-$1,50020%
- $1,501-$2,00058%
- > $2,00021%
Annapolis, MD Occupied Housing Units
- Renter-occupied Households40%
- Owner-occupied Households59%
12,251 or 40% of the households in Annapolis, MD are renter-occupied while 18,362 or 59% are owner-occupied.
Annapolis, MD Rent Trends
| Average Rent | Jul / 2016 | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Nov / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Annapolis, MD | $1,654 | $1,571 | $1,578 | $1,630 | $1,568 | $1,601 | $1,601 | $1,620 | $1,648 | $1,767 |
| National | $1,342 | $1,350 | $1,346 | $1,378 | $1,380 | $1,383 | $1,418 | $1,427 | $1,431 | $1,466 |
Average Rent in Annapolis, MD By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Annapolis City | $1,767 |
| The Downs | $1,888 |
| Sherwood Forest | $1,888 |
| Rolling Hills | $1,888 |
The most affordable neighborhoods in Annapolis are Annapolis City, where the average rent goes for $1,767/month, Rolling Hills, where renters pay $1,888/mo on average, and Sherwood Forest, where the average rent goes for $1,888/mo.
Annapolis | Rent Comparison by Neighborhood
Rent in Annapolis City is 6% lower than in Rolling Hills
Annapolis City rent is the same as Annapolis average
| Average Rent | $1,767 |
|---|
Rolling Hills rent is 7% higher than Annapolis average
| Average Rent | $1,888 |
|---|
How Does Annapolis Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Baltimore City | $1,263 | 1% |
| Glen Burnie | $1,321 | 8% |
| Glen Burnie Town | $1,321 | 8% |
| Annapolis | $1,767 | 10% |
| Annapolis City | $1,767 | 10% |
| Hanover | $1,981 | 6% |
| Hanover Town | $1,981 | 6% |
| Severn | $1,437 | 5% |
| Ferndale | $1,322 | 8% |
| Parole | $1,888 | 8% |
| Crofton | $1,645 | 7% |
For more information about the Annapolis rental trends, check out our monthly rent report