Owings Mills, MD Rental Market Trends
Highlights
The average rent for an apartment in Owings Mills is $1,435, a 6% increase compared to the previous year, when the average rent was $1,358.
Average Rent in Owings Mills, MD
Last updated October 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,435 | 6% | 1,026 sq. ft. |
The average size for a Owings Mills, MD apartment is 1,026 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.
Owings Mills, MD Apartment Rent Ranges
- $701-$1,0007%
- $1,001-$1,50054%
- $1,501-$2,00032%
- > $2,0006%
Owings Mills, MD Occupied Housing Units
- Renter-occupied Households37%
- Owner-occupied Households62%
4,893 or 37% of the households in Owings Mills, MD are renter-occupied while 8,041 or 62% are owner-occupied.
Owings Mills, 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Owings Mills, MD | $1,369 | $1,348 | $1,359 | $1,386 | $1,372 | $1,358 | $1,358 | $1,405 | $1,402 | $1,435 |
| 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 Owings Mills Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Essex | $1,004 | 5% |
| Towson | $1,367 | 3% |
| Milford Mill | $1,222 | 4% |
| Dundalk | $1,256 | 1% |
| Middle River | $1,056 | 6% |
| Owings Mills | $1,435 | 6% |
| Cockeysville | $1,243 | 4% |
| Randallstown | $1,405 | 9% |
| Parkville | $1,104 | 4% |
| Reisterstown | $1,403 | 6% |
For more information about the Owings Mills 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 Owings Mills 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.