Gaithersburg, MD Rental Market Trends
Highlights
The average rent for an apartment in Gaithersburg is $1,678, a 4% increase compared to the previous year, when the average rent was $1,611.
Average Rent in Gaithersburg, MD
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,678 | 4% | 943 sq. ft. |
The average size for a Gaithersburg, MD apartment is 943 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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, MD Apartment Rent Ranges
- $701-$1,0003%
- $1,001-$1,50029%
- $1,501-$2,00052%
- > $2,00017%
Gaithersburg, MD Occupied Housing Units
- Renter-occupied Households33%
- Owner-occupied Households66%
8,288 or 33% of the households in Gaithersburg, MD are renter-occupied while 16,252 or 66% are owner-occupied.
Gaithersburg, MD Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gaithersburg, MD | $1,531 | $1,579 | $1,554 | $1,549 | $1,546 | $1,577 | $1,611 | $1,661 | $1,660 | $1,678 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Gaithersburg, MD By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Gaithersburg City | $1,678 |
How Gaithersburg Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Washington | $2,234 | 4% |
| Baltimore County | $1,234 | 3% |
| Arlington | $2,230 | 4% |
| Silver Spring | $1,693 | 1% |
| Alexandria | $1,771 | 4% |
| Hyattsville | $1,525 | 3% |
| Laurel | $1,585 | 2% |
| Rockville | $2,031 | 5% |
| Columbia | $1,683 | 3% |
| Gaithersburg | $1,678 | 4% |
| Germantown | $1,553 | 3% |
For more information about the Gaithersburg rental trends, check out our monthly rent report
Check out Maryland Cities, Maryland Neighborhoods and Maryland Zip Codes for more details on verified listings, including the Maryland Average Rent.
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