Gaithersburg City, MD Rental Market Trends
Highlights
The average rent for an apartment in Gaithersburg City is $1,661, a 7% increase compared to the previous year, when the average rent was $1,546.
Average Rent in Gaithersburg City, MD
Last updated November 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,661 | 7% | 943 sq. ft. |
The average size for a Gaithersburg City, MD apartment is 943 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.
Gaithersburg City, MD Apartment Rent Ranges
- $701-$1,0002%
- $1,001-$1,50030%
- $1,501-$2,00055%
- > $2,00013%
Gaithersburg City, MD Occupied Housing Units
- Renter-occupied Households29%
- Owner-occupied Households70%
5,482 or 29% of the households in Gaithersburg City, MD are renter-occupied while 13,285 or 70% are owner-occupied.
Gaithersburg City, 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gaithersburg City, MD | $1,548 | $1,538 | $1,531 | $1,579 | $1,554 | $1,549 | $1,546 | $1,577 | $1,611 | $1,661 |
| 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 Gaithersburg City Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Silver Spring | $1,684 | 4% |
| Silver Spring Town | $1,757 | 3% |
| Rockville | $2,012 | 5% |
| Rockville City | $2,034 | 5% |
| Bethesda | $2,390 | 7% |
| Bethesda Town | $2,390 | 7% |
| Gaithersburg | $1,661 | 7% |
| Gaithersburg City | $1,661 | 7% |
| Fairland | $1,552 | 5% |
| Germantown Town | $1,567 | 7% |
For more information about the Gaithersburg City rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
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 Gaithersburg City 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.