Lexington Park, MD Rental Market Trends
Highlights
The average rent for an apartment in Lexington Park is $1,343, a 4% increase compared to the previous year, when the average rent was $1,291.
Average Rent in Lexington Park, MD
Last updated October 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,343 | 4% | 892 sq. ft. |
The average size for a Lexington Park, MD apartment is 892 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.
Lexington Park, MD Apartment Rent Ranges
- $701-$1,0002%
- $1,001-$1,50075%
- $1,501-$2,00022%
Lexington Park, MD Occupied Housing Units
- Renter-occupied Households43%
- Owner-occupied Households56%
2,084 or 43% of the households in Lexington Park, MD are renter-occupied while 2,706 or 56% are owner-occupied.
Lexington Park, MD Rent Trends
| Average Rent | Jul / 2016 | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Oct / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Lexington Park, MD | $1,199 | $1,222 | $1,277 | $1,276 | $1,311 | $1,299 | $1,291 | $1,373 | $1,370 | $1,343 |
| 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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How Does Lexington Park Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Lexington Park | $1,343 | 4% |
| California | $1,400 | 4% |
For more information about the Lexington Park 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 Lexington Park 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.