Owings Mills, MD Rental Market Trends
Highlights
The average rent for an apartment in Owings Mills is $1,469, a 5% increase compared to the previous year, when the average rent was $1,402.
Average Rent in Owings Mills, MD
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,469 | 5% | 1,025 sq. ft. |
The average size for a Owings Mills, MD apartment is 1,025 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.
Owings Mills, MD Apartment Rent Ranges
- $701-$1,0005%
- $1,001-$1,50057%
- $1,501-$2,00032%
- > $2,0007%
Owings Mills, MD Occupied Housing Units
- Renter-occupied Households40%
- Owner-occupied Households59%
5,332 or 40% of the households in Owings Mills, MD are renter-occupied while 7,922 or 59% are owner-occupied.
Owings Mills, MD Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Owings Mills, MD | $1,359 | $1,386 | $1,372 | $1,358 | $1,358 | $1,405 | $1,402 | $1,435 | $1,463 | $1,469 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
How Owings Mills Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Washington | $2,234 | 4% |
| Baltimore County | $1,234 | 3% |
| Baltimore City | $1,283 | 2% |
| Arlington | $2,230 | 4% |
| Silver Spring | $1,693 | 1% |
| Alexandria | $1,771 | 4% |
| Hyattsville | $1,525 | 3% |
| Laurel | $1,585 | 2% |
| Rockville | $2,031 | 5% |
| Columbia | $1,683 | 3% |
| Owings Mills | $1,469 | 5% |
For more information about the Owings Mills 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.
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