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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

Highlights

The average rent for an apartment in Silver Spring Town is $1,755, a 1% increase compared to the previous year, when the average rent was $1,746.

Average Rent in Silver Spring Town, MD

Last updated February 2020
Average Rent Y-o-Y Change Average Apartment Size
$1,755 1% 855 sq. ft.

The average size for a Silver Spring Town, MD apartment is 855 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-$1,0001%
  • $1,001-$1,50026%
  • $1,501-$2,00053%
  • > $2,00020%

Silver Spring Town, MD Occupied Housing Units

  • Renter-occupied Households44%
  • Owner-occupied Households55%

13,961 or 44% of the households in Silver Spring Town, MD are renter-occupied while 17,580 or 55% are owner-occupied.

Silver Spring Town, 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
Silver Spring Town, MD $1,686 $1,691 $1,691 $1,695 $1,697 $1,709 $1,746 $1,757 $1,765 $1,755
National $1,337 $1,368 $1,371 $1,374 $1,408 $1,417 $1,422 $1,458 $1,466 $1,468
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How Silver Spring Town Compares to Other Cities

Average Rent Y-o-Y Change
Baltimore City $1,283 2%
Silver Spring $1,693 1%
Silver Spring Town $1,755 1%
Hyattsville $1,525 3%
Rockville $2,031 5%
Laurel $1,585 2%
Chevy Chase $2,354 4%
Hyattsville City $1,614 4%
Wheaton $1,671 2%
College Park $2,296 n/a
Langley Park $1,407 4%

For more information about the Silver Spring Town 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.

Curious about listings in your area? Check out our apartments near you for more details!

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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.