Silver Spring, MD Rental Market Trends

What is the average rent in Silver Spring?

The average rent for an apartment in Silver Spring is $1,902. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Silver Spring, MD

Last updated July 2023

Average Rent	Average Apartment Size
$1,902	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

Silver Spring, MD Occupied Housing Units

20,656 or 62% of the households in Silver Spring, MD are renter-occupied while 12,641 or 38% are owner-occupied.

Silver Spring, MD rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Silver Spring, MD By Neighborhood

Neighborhood	Average Rent
Allenwood	$1,917
Argyle Country Club	$1,917
Harmony Hills	$1,917
Longmead	$1,917
Norbeck Crossing	$1,917
North Gate	$1,917
Strahmore at Bel Pre	$1,917

What are the most affordable neighborhoods in Silver Spring?

The most affordable neighborhoods in Silver Spring are Allenwood, where the average rent goes for $1,917/month, Argyle Country Club, where renters pay $1,917/mo on average, and Harmony Hills, where the average rent goes for $1,917/mo. If you’re looking for other great deals, check out the listings from Longmead ($1,917), Norbeck Crossing ($1,917), and North Gate ($1,917), where the asking prices are below the average Silver Spring rent of $1,902/mo.

What are the most expensive neighborhoods in Silver Spring?

The most expensive neighborhoods in Silver Spring are Norbeck Crossing ($1,917), North Gate ($1,917) and Strahmore at Bel Pre ($1,917).

What are the most popular neighborhoods in Silver Spring?

The most popular neighborhood in Silver Spring is North Gate, where there are 1 listings with an average rent of $1,917. Next up is Strahmore at Bel Pre, where apartments go for $1,917/month, followed by Allenwood with $1,917 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 $1,917 on average, and Harmony Hills, where the average monthly rent is $1,917.

Silver Spring | Rent Comparison by Neighborhood

Rent in Allenwood is the same as in Argyle Country Club

$1,917

Allenwood rent is 1% higher than Silver Spring average

Average Rent $1,917

$1,917

Argyle Country Club rent is 1% higher than Silver Spring average

Average Rent $1,917

How Silver Spring Compares to Other Cities

City	Average Rent
Baltimore City	$1,557
Silver Spring	$1,902
Rockville	$2,225
Rockville	$2,225
Hyattsville	$1,734
Hyattsville	$1,734
Frederick	$1,883
Laurel	$1,895
Laurel	$1,895
Bethesda	$2,688
Bethesda	$2,688
Annapolis	$2,261
Gaithersburg	$2,013
Upper Marlboro	$2,060
Gaithersburg	$2,013
Glen Burnie	$1,662
Lanham	$1,752
Chevy Chase	$2,643
Riverdale	$1,549
Beltsville	$1,809
Bladensburg	$1,634

What is the average price for a storage unit in Silver Spring?

The average rent for a non-climate-controlled 10'x10' storage unit in Silver Spring is $233.5. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.