Somerset, Montgomery County, MD Rental Market Trends
The average rent for an apartment in Somerset is $2,354, a 4% increase compared to the previous year, when the average rent was $2,253.
Average Rent in Somerset, Montgomery County, MD
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$2,354||4%||987 sq. ft.|
The average size for a Somerset, Montgomery County, MD apartment is 987 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.
Somerset, Montgomery County, MD Apartment Rent Ranges
- > $2,00050%
Somerset, Montgomery County, MD Occupied Housing Units
- Renter-occupied Households19%
- Owner-occupied Households80%
79 or 19% of the households in Somerset, Montgomery County, MD are renter-occupied while 326 or 80% are owner-occupied.
Somerset, Montgomery County, MD Rent Trends
|Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Feb / 2020|
How Somerset Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Somerset rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!