Laurel, MD Rental Market Trends
Highlights
The average rent for an apartment in Laurel is $1,472, a 2% decrease compared to the previous year, when the average rent was $1,499.
Studio apartments in Laurel rent for $1,123 a month, while 1-bedroom apartments ask on average $1,300 a month; the average rent for a 2-bedroom apartment is $1,531.
Average Rent in Laurel, MD
Last updated Nov 2018
| All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| Average Rent | $1,472 | $1,123 | $1,300 | $1,531 | $1,833 |
| Y-o-Y Change | -2% | n/a | -1% | -3% | 1% |
| Average Apartment Size | 983 sq. ft. | 556 sq. ft. | 808 sq. ft. | 1,062 sq. ft. | 1,257 sq. ft. |
The average size for a Laurel apartment is 983 square feet, but this number varies greatly depending on apartment type. A studio averages 556 sq. ft., while a one-bedroom apartment offers a more generous square footage: 808. 2-bedroom apartments in Laurel have an average size of 1,062 sq. ft.
Laurel, MD Apartment Rent Ranges
- $701-$1,00029%
- $1,001-$1,50069%
- $1,501-$2,0002%
Laurel, MD Rent Trends
| Average Rent All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| Nov / 2018 | $1,472 | $1,123 | $1,300 | $1,531 | $1,833 |
| Jan / 2018 | $1,476 | $1,123 | $1,300 | $1,540 | $1,833 |
| Sept / 2017 | $1,488 | $1,137 | $1,328 | $1,551 | $1,792 |
| May / 2017 | $1,499 | $1,122 | $1,312 | $1,580 | $1,824 |
| Jan / 2017 | $1,462 | $1,089 | $1,298 | $1,519 | $1,814 |
| Sept / 2016 | $1,459 | $1,091 | $1,281 | $1,527 | $1,807 |
| May / 2016 | $1,478 | $1,084 | $1,314 | $1,545 | $1,788 |
| Jan / 2016 | $1,438 | $1,062 | $1,274 | $1,497 | $1,780 |
| Sept / 2015 | $1,406 | $1,077 | $1,242 | $1,460 | $1,751 |
| May / 2015 | $1,441 | $1,062 | $1,248 | $1,519 | $1,788 |
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Average Rent in Laurel, MD By Neighborhood
| Average Rent | |||||
|---|---|---|---|---|---|
| Neighborhood | All rentals | Studio | 1 Bed | 2 Beds | 3 Beds |
| Laurel City | $1,544 | $1,163 | $1,388 | $1,675 | $1,948 |
How Does Laurel Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Hyattsville | $1,406 | 0% |
| Temple Hills | $1,257 | 1% |
| Suitland | $1,462 | 1% |
| Capitol Heights | $1,232 | 2% |
| District Heights | $1,254 | 2% |
| Fort Washington | $1,356 | -2% |
| Hyattsville City | $1,486 | -1% |
| Bladensburg | $1,307 | 1% |
| Laurel City | $1,544 | -1% |
| South Laurel | $1,359 | -2% |
| Laurel | $1,472 | -2% |
For more information about the Laurel 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 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.