Gaithersburg, MD Rental Market Trends
Highlights
The average rent for an apartment in Gaithersburg is $1,661, a 7% increase compared to the previous year, when the average rent was $1,546.
Average Rent in Gaithersburg, 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, 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, MD Apartment Rent Ranges
- $701-$1,0002%
- $1,001-$1,50030%
- $1,501-$2,00055%
- > $2,00013%
Gaithersburg, MD Occupied Housing Units
- Renter-occupied Households25%
- Owner-occupied Households74%
12,551 or 25% of the households in Gaithersburg, MD are renter-occupied while 36,064 or 74% are owner-occupied.
Gaithersburg, 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, 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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Average Rent in Gaithersburg, MD By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Gaithersburg City | $1,661 |
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How Does Gaithersburg 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 | $1,567 | 7% |
| Germantown Town | $1,567 | 7% |
For more information about the Gaithersburg 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 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.