Baltimore City, MD Rental Market Trends
Last updated: August 31, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Baltimore City is $1,650, a 0.75% increase compared to the previous year, when the average rent was $1,637.
Studio Apartments at $1,311 offer the most budget-friendly option with 459 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 696 square feet for $1,560, balancing privacy and affordability.
Two-bedroom units at $1,765 offer 940 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,111 sq ft) for $2,033, suitable for larger households.
Average rent in Baltimore City, MD
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,650 | 788 sq. ft. |
| Studio | $1,311 | 459 sq. ft. |
| 1 Bed | $1,560 | 696 sq. ft. |
| 2 Beds | $1,765 | 940 sq. ft. |
| 3 Beds | $2,033 | 1,111 sq. ft. |
Baltimore City, MD rent trends
What's the typical rent budget in Baltimore City, MD?
The largest share of rentals in Baltimore City, MD (42%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Baltimore City, MD?
122,241 or 52% of the households in Baltimore City, MD are renter-occupied while 115,110 or 48% are owner-occupied.
Most affordable neighborhoods in Baltimore City?
Glenham - Belhar $1,012/month
Irvington $1,024/month
Frankford $1,024/month
All of these neighborhoods fall below the city wide average of $1,650/month.Most expensive neighborhoods in Baltimore City?
Inner Harbor $2,597/month
Fells Point $2,604/month
Otterbein $2,718/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Baltimore City, MD By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Otterbein | $2,718 |
| Fells Point | $2,604 |
| Inner Harbor | $2,597 |
| Port Covington | $2,549 |
| Riverside | $2,354 |
| South Baltimore | $2,311 |
| Canton | $2,295 |
| Middle East | $2,295 |
| Canton Industrial Area | $2,287 |
| Washington Hill | $2,285 |
| Bolton Hill | $1,891 |
| Tuscany - Canterbury | $1,891 |
| Downtown West Baltimore | $1,821 |
| Roland Park | $1,814 |
| Hampden | $1,790 |
| Mid - Town Belvedere | $1,764 |
| Charles Village | $1,735 |
| Cross Country | $1,656 |
| Downtown Baltimore | $1,629 |
| Mount Vernon | $1,550 |
| Cheswolde | $1,533 |
| Wakefield | $1,498 |
| Westgate | $1,491 |
| Fallstaff | $1,481 |
| Franklintown | $1,407 |
| Beechfield | $1,395 |
| Cylburn | $1,376 |
| Brooklyn | $1,351 |
| Oldtown | $1,331 |
| Madison Park | $1,303 |
| Rosemont East | $1,289 |
| Lakeland | $1,277 |
| New Northwood | $1,258 |
| Ten Hills | $1,214 |
| Hamilton Hills | $1,172 |
| Woodbourne Heights | $1,142 |
| Reservoir Hill | $1,121 |
| Central Park Heights | $1,109 |
| East Arlington | $1,080 |
| Frankford | $1,024 |
| Irvington | $1,024 |
| Glenham - Belhar | $1,012 |
Baltimore City | Rent Comparison by Neighborhood
Rent in Beechfield is 26% lower than in Bolton Hill
Beechfield rent is 15% lower than Baltimore City average
Bolton Hill rent is 15% higher than Baltimore City average
How Baltimore City Compares to Other Cities
| City | Average Rent |
|---|---|
| Baltimore City | $1,650 |
| Silver Spring | $1,941 |
| Hyattsville | $1,893 |
| Laurel | $1,975 |
| Frederick | $1,960 |
| Rockville | $2,349 |
| Columbia | $2,173 |
| Gaithersburg | $2,016 |
| Annapolis | $2,340 |
| Glen Burnie | $1,699 |
| Bethesda | $2,857 |
| Ellicott City, MD | $2,122 |
| Elkridge, MD | $2,285 |
| Edgewood, MD | $1,472 |
| Odenton, MD | $2,351 |
| Jessup, MD | $2,043 |
| Pasadena, MD | $2,382 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Baltimore City apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.