Crofton, MD Rental Market Trends
Highlights
The average rent for an apartment in Crofton is $1,645, a 7% increase compared to the previous year, when the average rent was $1,536.
Average Rent in Crofton, MD
Last updated November 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,645 | 7% | 907 sq. ft. |
The average size for a Crofton, MD apartment is 907 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.
Crofton, MD Apartment Rent Ranges
- $1,001-$1,50016%
- $1,501-$2,00084%
Crofton, MD Occupied Housing Units
- Renter-occupied Households24%
- Owner-occupied Households75%
2,573 or 24% of the households in Crofton, MD are renter-occupied while 7,736 or 75% are owner-occupied.
Crofton, 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Crofton, MD | $1,516 | $1,485 | $1,518 | $1,522 | $1,511 | $1,536 | $1,536 | $1,529 | $1,574 | $1,645 |
| National | $1,342 | $1,350 | $1,346 | $1,378 | $1,380 | $1,383 | $1,418 | $1,427 | $1,431 | $1,466 |
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How Does Crofton Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Baltimore City | $1,263 | 1% |
| Glen Burnie | $1,321 | 8% |
| Annapolis | $1,767 | 10% |
| Glen Burnie Town | $1,321 | 8% |
| 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 Crofton rental trends, check out our monthly rent report
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Crofton apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.