Inner Harbor, Baltimore City, MD Rental Market Trends
Last updated: August 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Inner Harbor is $2,606, a 3.69% decrease compared to the previous year, when the average rent was $2,706.
Studio Apartments at $1,756 offer the most budget-friendly option with 510 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 731 square feet for $2,271, balancing privacy and affordability.
Two-bedroom units at $3,446 offer 1,174 square feet, perfect for roommates or small families.
Average rent in Inner Harbor, Baltimore City, MD
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,606 | 850 sq. ft. |
| Studio | $1,756 | 510 sq. ft. |
| 1 Bed | $2,271 | 731 sq. ft. |
| 2 Beds | $3,446 | 1,174 sq. ft. |
| 3 Beds | n/a | n/a |
Inner Harbor, Baltimore City, MD rent trends
Rental prices in Inner Harbor, Baltimore City, MD have decreased by 3.69% over the past year. The average rent moved from $2,706 to $2,606.
What's the typical rent budget in Inner Harbor, Baltimore City, MD?
The largest share of rentals in Inner Harbor, Baltimore City, MD (29%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Inner Harbor, Baltimore City, MD?
1,019 or 75% of the households in Inner Harbor, Baltimore City, MD are renter-occupied while 337 or 25% are owner-occupied.
Most affordable neighborhoods in Inner Harbor?
Glenham - Belhar $1,015/month
Irvington $1,027/month
Frankford $1,042/month
All of these neighborhoods fall below the city wide average of $1,653/month.Most expensive neighborhoods in Inner Harbor?
Port Covington $2,558/month
Fells Point $2,585/month
Otterbein $2,666/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 | $2,666 |
| Fells Point | $2,585 |
| Port Covington | $2,558 |
| Riverside | $2,377 |
| Canton Industrial Area | $2,307 |
| Middle East | $2,307 |
| Washington Hill | $2,288 |
| Canton | $2,287 |
| South Baltimore | $2,281 |
| Tuscany - Canterbury | $2,108 |
| Charles Village | $1,930 |
| Bolton Hill | $1,899 |
| Hampden | $1,875 |
| Roland Park | $1,825 |
| Mid - Town Belvedere | $1,774 |
| Downtown West Baltimore | $1,763 |
| Cross Country | $1,661 |
| Downtown Baltimore | $1,647 |
| Mount Vernon | $1,531 |
| Cheswolde | $1,527 |
| Wakefield | $1,518 |
| Fallstaff | $1,503 |
| Westgate | $1,495 |
| Franklintown | $1,391 |
| Cylburn | $1,379 |
| Beechfield | $1,379 |
| Oldtown | $1,334 |
| Brooklyn | $1,331 |
| Madison Park | $1,308 |
| Rosemont East | $1,294 |
| Lakeland | $1,280 |
| New Northwood | $1,261 |
| Hamilton Hills | $1,190 |
| Ten Hills | $1,182 |
| Woodbourne Heights | $1,153 |
| Reservoir Hill | $1,124 |
| Central Park Heights | $1,109 |
| East Arlington | $1,093 |
| Frankford | $1,042 |
| Irvington | $1,027 |
| Glenham - Belhar | $1,015 |
Baltimore City | Rent Comparison by Neighborhood
Rent in Beechfield is 27% lower than in Bolton Hill
Beechfield rent is 47% lower than Baltimore City average
Bolton Hill rent is 27% lower 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 Inner Harbor 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.