Annapolis, MD Rental Market Trends
Highlights
The average rent for an apartment in Annapolis is $1,757, a 2% increase compared to the previous year, when the average rent was $1,724.
Average Rent in Annapolis, MD
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,757 | 2% | 878 sq. ft. |
The average size for a Annapolis, MD apartment is 878 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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-$1,50019%
- $1,501-$2,00063%
- > $2,00018%
Annapolis, MD Occupied Housing Units
- Renter-occupied Households40%
- Owner-occupied Households59%
6,444 or 40% of the households in Annapolis, MD are renter-occupied while 9,331 or 59% are owner-occupied.
Annapolis, MD Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Mar / 2021 |
|---|---|---|---|---|---|---|---|---|---|
| Annapolis, MD | $1,601 | $1,601 | $1,620 | $1,648 | $1,767 | $1,724 | $1,747 | $1,751 | $1,757 |
| National | $1,311 | $1,342 | $1,351 | $1,356 | $1,388 | $1,395 | $1,397 | $1,389 | $1,392 |
Average Rent in Annapolis, MD By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Rolling Hills | $1,854 |
| Sherwood Forest | $1,854 |
| The Downs | $1,854 |
| Annapolis City | $1,757 |
The most affordable neighborhoods in Annapolis are Annapolis City, where the average rent goes for $1,757/month, Rolling Hills, where renters pay $1,854/mo on average, and Sherwood Forest, where the average rent goes for $1,854/mo.
Annapolis | Rent Comparison by Neighborhood
Rent in Annapolis City is 5% lower than in Rolling Hills
Annapolis City rent is the same as Annapolis average
| Average Rent | $1,757 |
|---|
Rolling Hills rent is 6% higher than Annapolis average
| Average Rent | $1,854 |
|---|
How Annapolis Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Washington | $2,064 | -8% |
| Baltimore County | $1,281 | 4% |
| Baltimore City | $1,321 | 3% |
| Arlington | $2,005 | -10% |
| Alexandria | $1,681 | -5% |
| Silver Spring | $1,639 | -3% |
| Hyattsville | $1,526 | 2% |
| Laurel | $1,634 | 4% |
| Rockville | $1,968 | -3% |
| Columbia | $1,735 | 3% |
| Annapolis | $1,757 | 2% |
For more information about the Annapolis rental trends, check out our monthly rent report
Check out Maryland Cities, Maryland Neighborhoods and Maryland Zip Codes for more details on verified listings, including the Maryland Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!