Downtown Baltimore, Baltimore City, MD Rental Market Trends
Last updated: April 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Baltimore is $1,661, a 1.1% increase compared to the previous year, when the average rent was $1,643.
Studio Apartments at $1,378 offer the most budget-friendly option with 449 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 711 square feet for $1,587, balancing privacy and affordability.
Two-beedroom units at $2,064 offer 1,064 square feet, perfect for roommates or small families.
Average rent in Downtown Baltimore, Baltimore City, MD
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,661 | 736 sq. ft. |
| Studio | $1,378 | 449 sq. ft. |
| 1 Bed | $1,587 | 711 sq. ft. |
| 2 Beds | $2,064 | 1,064 sq. ft. |
| 3 Beds | n/a | n/a |
Downtown Baltimore, Baltimore City, MD rent trends
Rental prices in Downtown Baltimore, Baltimore City, MD have increased by 1.1% over the past year. The average rent moved from $1,643 to $1,661.
What's the typical rent budget in Downtown Baltimore, Baltimore City, MD?
The largest share of rentals in Downtown Baltimore, Baltimore City, MD (42%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Baltimore, Baltimore City, MD?
2,568 or 85% of the households in Downtown Baltimore, Baltimore City, MD are renter-occupied while 445 or 15% are owner-occupied.
Most affordable neighborhoods in Downtown Baltimore?
Frankford $1,032/month
Reservoir Hill $1,083/month
Irvington $1,084/month
All of these neighborhoods fall below the city wide average of $1,652/month.Most expensive neighborhoods in Downtown Baltimore?
Canton Industrial Area $2,302/month
Fells Point $2,599/month
Otterbein $2,602/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 | $2,602 |
| Fells Point | $2,599 |
| Canton Industrial Area | $2,302 |
| Canton | $2,287 |
| Middle East | $2,239 |
| South Baltimore | $2,203 |
| Washington Hill | $2,190 |
| Tuscany - Canterbury | $2,137 |
| Downtown West Baltimore | $2,052 |
| Roland Park | $2,026 |
| Charles Village | $1,931 |
| Bolton Hill | $1,821 |
| Hampden | $1,786 |
| Mid - Town Belvedere | $1,752 |
| Cross Country | $1,717 |
| Downtown Baltimore | $1,661 |
| Mount Vernon | $1,539 |
| Fallstaff | $1,525 |
| Cheswolde | $1,511 |
| Franklintown | $1,446 |
| Wakefield | $1,419 |
| Brooklyn | $1,365 |
| Oldtown | $1,358 |
| Rosemont East | $1,283 |
| Hamilton Hills | $1,280 |
| Lakeland | $1,278 |
| Madison Park | $1,269 |
| New Northwood | $1,250 |
| Woodbourne Heights | $1,134 |
| Ten Hills | $1,119 |
| Central Park Heights | $1,109 |
| East Arlington | $1,095 |
| Irvington | $1,084 |
| Reservoir Hill | $1,083 |
| Frankford | $1,032 |
Baltimore City | Rent Comparison by Neighborhood
Rent in Downtown Baltimore is 9% lower than in Bolton Hill
Downtown Baltimore rent is the same as Baltimore City average
Bolton Hill rent is 10% higher than Baltimore City average
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 Downtown Baltimore 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.