Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Silver Spring Town, MD Rental Market Trends
What is the average rent in Silver Spring Town?
The average rent for an apartment in Silver Spring Town is $1,654, a 6% decrease compared to the previous year, when the average rent was $1,755.
Average Rent in Silver Spring Town, MD
Last updated June 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,654 | -6% | 852 sq. ft. |
What is the average apartment size in Silver Spring Town?
The average size for a Silver Spring Town, MD apartment is 852 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.
Silver Spring Town, MD Apartment Rent Ranges
- $701-$1,0002%
- $1,001-$1,50037%
- $1,501-$2,00043%
- > $2,00018%
Silver Spring Town, MD Occupied Housing Units
- Renter-occupied Households43%
- Owner-occupied Households56%
13,886 or 43% of the households in Silver Spring Town, MD are renter-occupied while 17,941 or 56% are owner-occupied.
Silver Spring Town, MD Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jun / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Silver Spring Town, MD | $1,695 | $1,697 | $1,709 | $1,746 | $1,757 | $1,765 | $1,755 | $1,740 | $1,674 | $1,654 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 |
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How Silver Spring Town Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Washington | $2,078 | -7% |
| Baltimore City | $1,335 | 2% |
| Arlington | $2,044 | -7% |
| Alexandria | $1,713 | -3% |
| Silver Spring | $1,621 | -4% |
| Silver Spring Town | $1,654 | -6% |
| Hyattsville | $1,550 | 2% |
| Woodbridge | $1,618 | 4% |
| Laurel | $1,644 | 4% |
| Rockville | $1,909 | -6% |
| Columbia | $1,732 | 3% |
Most Popular Apartments in Silver Spring Town
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 Silver Spring Town apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.