Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Laurel, MD Rental Market Trends
What is the average rent in Laurel?
The average rent for an apartment in Laurel is $1,644, a 4% increase compared to the previous year, when the average rent was $1,585.
Average Rent in Laurel, MD
Last updated May 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,644 | 4% | 957 sq. ft. |
What is the average apartment size in Laurel?
The average size for a Laurel, MD apartment is 957 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.
Laurel, MD Apartment Rent Ranges
- $1,001-$1,50039%
- $1,501-$2,00049%
- > $2,00012%
Laurel, MD Occupied Housing Units
- Renter-occupied Households43%
- Owner-occupied Households56%
4,244 or 43% of the households in Laurel, MD are renter-occupied while 5,496 or 56% are owner-occupied.
Laurel, MD Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Laurel, MD | $1,476 | $1,472 | $1,531 | $1,556 | $1,568 | $1,571 | $1,585 | $1,611 | $1,634 | $1,644 |
| National | $1,313 | $1,344 | $1,353 | $1,358 | $1,390 | $1,397 | $1,399 | $1,390 | $1,393 | $1,407 |
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Average Rent in Laurel, MD By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Laurel City | $1,738 |
/
How Laurel Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Washington | $2,056 | -8% |
| Baltimore City | $1,330 | 2% |
| Arlington | $2,007 | -9% |
| Alexandria | $1,700 | -4% |
| Silver Spring | $1,621 | -4% |
| Hyattsville | $1,550 | 2% |
| Woodbridge | $1,618 | 4% |
| Laurel | $1,644 | 4% |
| Rockville | $1,909 | -6% |
| Columbia | $1,736 | 4% |
| Falls Church | $1,685 | -7% |
Most Popular Apartments in Laurel
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 Laurel apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.