Silver Spring, MD Rental Market Trends

What is the average rent in Silver Spring?

The average rent for an apartment in Silver Spring is $1,950. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Silver Spring, MD

Last updated July 2024
Average Rent Average Apartment Size
$1,950 895 sq. ft.

What is the average apartment size in Silver Spring?

The average size for a Silver Spring, MD apartment is 895 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

21,097 or 62% of the households in Silver Spring, MD are renter-occupied while 12,787 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

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What are the most affordable neighborhoods in Silver Spring?

The most affordable neighborhoods in Silver Spring are Allenwood, where the average rent goes for $1,966/month, Argyle Country Club, where renters pay $1,966/mo on average, and Harmony Hills, where the average rent goes for $1,966/mo.

What are the most expensive neighborhoods in Silver Spring?

The most expensive neighborhoods in Silver Spring are Norbeck Crossing ($1,966), North Gate ($1,966) and Strahmore at Bel Pre ($1,966).

What are the most popular neighborhoods in Silver Spring?

The most popular neighborhood in Silver Spring is Strahmore at Bel Pre, where there are 2 listings with an average rent of $1,966. Next up is North Gate, where apartments go for $1,966/month, followed by Allenwood with $1,966 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 $1,966 on average, and Harmony Hills, where the average monthly rent is $1,966.

Silver Spring | Rent Comparison by Neighborhood

City
vs.

Rent in Allenwood is the same as in Argyle Country Club

$1,966

Allenwood rent is 1% higher than Silver Spring average

Average Rent $1,966
$1,966

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

Average Rent $1,966

How Silver Spring Compares to Other Cities

State Average Rent
Washington $2,443
Baltimore City $1,574
Silver Spring $1,950
Hyattsville $1,795
Rockville $2,302
Laurel $1,947
Frederick $1,840
Glen Burnie $1,651
Bethesda $2,792
Gaithersburg $2,065
Annapolis $2,284
Columbia $2,124
Lanham $1,754
Chevy Chase $2,670
Beltsville $1,854
Bladensburg $1,616
Riverdale $1,655
Greenbelt $1,903
Derwood $2,261
New Carrollton $1,648
Potomac $3,246

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 $229.5. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.

Most Popular Apartments in Silver Spring

11141 Georgia Avenue, Wheaton, MD 20902
Available
STUDIO $1,524+
1 BED $1,847+

710 Roeder Rd, Silver Spring, MD 20910
Available
STUDIO $1,640+
1 BED $2,025
2 BEDS $2,380

8811 Colesville Road, Silver Spring, MD 20910
Available
STUDIO $1,355+
1 BED $1,615+
2+ BEDS $1,985

1001 Spring Street, Silver Spring, MD 20910
Available
STUDIO $1,515+
1 BED $1,895
2 BEDS $2,580

8600 16Th Street, Silver Spring, MD 20910
14 Units available
STUDIO $1,650
1 BED $1,650+
2+ BEDS $1,999+

1400 East West Highway, Silver Spring, MD 20910
Available
1 BED $1,863+
2 BEDS $2,126+
3 BEDS N/A

11215 Georgia Avenue, Wheaton, MD 20902
Income Restricted
STUDIO $1,723+
1 BED $1,654+
2 BEDS $2,144+
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