Essex, MD Rental Market Trends

Highlights

The average rent for an apartment in Essex is $1,004, a 5% increase compared to the previous year, when the average rent was $955.

Average Rent in Essex, MD

Last updated November 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$1,004	5%	830 sq. ft.

The average size for a Essex, MD apartment is 830 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.

Essex, MD Apartment Rent Ranges

$501-$7001%
$701-$1,00065%
$1,001-$1,50027%
$1,501-$2,0006%

Essex, MD Occupied Housing Units

Renter-occupied Households36%
Owner-occupied Households63%

5,423 or 36% of the households in Essex, MD are renter-occupied while 9,326 or 63% are owner-occupied.

Essex, 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
Essex, MD	$936	$958	$956	$967	$965	$954	$955	$993	$984	$1,004
National	$1,342	$1,350	$1,346	$1,378	$1,380	$1,383	$1,418	$1,427	$1,431	$1,466

How Does Essex Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Essex	$1,004	5%
Towson	$1,367	3%
Milford Mill	$1,222	4%
Dundalk	$1,256	1%
Middle River	$1,056	6%
Owings Mills	$1,435	6%
Cockeysville	$1,243	4%
Randallstown	$1,405	9%
Parkville	$1,104	4%
Reisterstown	$1,403	6%

For more information about the Essex rental trends, check out our monthly rent report

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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 Essex 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.