Silver Spring, MD Rental Market Trends
What is the average rent in Silver Spring?
The average rent for an apartment in Silver Spring is $1,621, a 4% decrease compared to the previous year, when the average rent was $1,693.
Average Rent in Silver Spring, MD
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,621||-4%||896 sq. ft.|
What is the average apartment size in Silver Spring?
The average size for a Silver Spring, MD apartment is 896 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, MD Apartment Rent Ranges
- > $2,00011%
Silver Spring, MD Occupied Housing Units
- Renter-occupied Households43%
- Owner-occupied Households56%
13,886 or 43% of the households in Silver Spring, MD are renter-occupied while 17,941 or 56% are owner-occupied.
Silver Spring, MD Rent Trends
|Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||May / 2021|
Average Rent in Silver Spring, MD By Neighborhood
|Argyle Country Club||$1,567|
|Strahmore at Bel Pre||$1,567|
What are the most affordable neighborhoods in Silver Spring?
The most affordable neighborhoods in Silver Spring are Allenwood, where the average rent goes for $1,567/month, Argyle Country Club, where renters pay $1,567/mo on average, and Harmony Hills, where the average rent goes for $1,567/mo. If you’re looking for other great deals, check out the listings from Longmead ($1,567), Norbeck Crossing ($1,567), and North Gate ($1,567), where the asking prices are below the average Silver Spring rent of $1,621/mo.
What are the most expensive neighborhoods in Silver Spring?
What are the most popular neighborhoods in Silver Spring?
The most popular neighborhood in Silver Spring is North Gate, where there are 1 verified RENTCafé listings with an average rent of $1,567. Next up is Strahmore at Bel Pre, where apartments go for $1,567/month, followed by Allenwood with $1,567 If you’re looking to rent in Silver Spring’s most popular neighborhoods, make sure to also check out Argyle Country Club, where renters pay $1,567 on average, and Harmony Hills, where the average monthly rent is $1,567.
Silver Spring | Rent Comparison by Neighborhood
Rent in Allenwood is the same as in Argyle Country Club
Allenwood rent is 3% lower than Silver Spring average
Argyle Country Club rent is 3% lower than Silver Spring average
How Silver Spring Compares to Other Cities
|Average Rent||Y-o-Y Change|