Lanham, MD Rental Market Trends
Highlights
The average rent for an apartment in Lanham is $1,547, a 3% increase compared to the previous year, when the average rent was $1,496.
Average Rent in Lanham, MD
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,547 | 3% | 927 sq. ft. |
The average size for a Lanham, MD apartment is 927 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.
Lanham, MD Apartment Rent Ranges
- $1,001-$1,50045%
- $1,501-$2,00052%
- > $2,0003%
Lanham, MD Occupied Housing Units
- Renter-occupied Households26%
- Owner-occupied Households73%
3,185 or 26% of the households in Lanham, MD are renter-occupied while 9,058 or 73% are owner-occupied.
Lanham, MD Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Jan / 2020 |
|---|---|---|---|---|---|---|---|---|---|
| Lanham, MD | $1,392 | $1,387 | $1,416 | $1,463 | $1,463 | $1,496 | $1,496 | $1,549 | $1,547 |
| National | $1,347 | $1,379 | $1,381 | $1,384 | $1,420 | $1,429 | $1,433 | $1,469 |
How Lanham Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Baltimore City | $1,266 | 1% |
| Silver Spring | $1,689 | 2% |
| Hyattsville | $1,502 | 4% |
| Rockville | $2,032 | 6% |
| Columbia | $1,688 | 3% |
| Capitol Heights | $1,297 | 2% |
| Bladensburg | $1,374 | 3% |
| Lanham | $1,547 | 3% |
| Landover | $1,484 | 3% |
| Riverdale | $1,280 | 5% |
| College Park | $2,278 | 1% |
For more information about the Lanham 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.
Curious about listings in your area? Check out our apartments near you for more details!