Severn, MD Rental Market Trends
The average rent for an apartment in Severn is $1,474, a 6% increase compared to the previous year, when the average rent was $1,395.
Average Rent in Severn, MD
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,474||6%||1,008 sq. ft.|
The average size for a Severn, MD apartment is 1,008 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.
Severn, MD Apartment Rent Ranges
Severn, MD Occupied Housing Units
- Renter-occupied Households26%
- Owner-occupied Households73%
4,739 or 26% of the households in Severn, MD are renter-occupied while 12,885 or 73% are owner-occupied.
Severn, MD Rent Trends
|Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Jan / 2020|
How Severn Compares to Other Cities
|Average Rent||Y-o-Y Change|
|Glen Burnie Town||$1,312||2%|
For more information about the Severn rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!