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.
Takoma Park, MD Rental Market Trends
What is the average rent in Takoma Park?
The average rent for an apartment in Takoma Park is $1,452, a change amounting to approximately 0% compared to the previous year.
Average Rent in Takoma Park, MD
Last updated May 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,452 | 0% | 881 sq. ft. |
What is the average apartment size in Takoma Park?
The average size for a Takoma Park, MD apartment is 881 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.
Takoma Park, MD Apartment Rent Ranges
- $701-$1,00010%
- $1,001-$1,50053%
- $1,501-$2,00033%
- > $2,0004%
Takoma Park, MD Occupied Housing Units
- Renter-occupied Households34%
- Owner-occupied Households65%
2,269 or 34% of the households in Takoma Park, MD are renter-occupied while 4,298 or 65% are owner-occupied.
Takoma Park, MD Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Takoma Park, MD | $1,373 | $1,368 | $1,412 | $1,379 | $1,401 | $1,431 | $1,459 | $1,456 | $1,450 | $1,452 |
| National | $1,346 | $1,355 | $1,359 | $1,356 | $1,391 | $1,398 | $1,400 | $1,390 | $1,395 | $1,407 |
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How Takoma Park Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Washington | $2,058 | -8% |
| Baltimore City | $1,324 | 1% |
| Arlington | $1,996 | -11% |
| Alexandria | $1,683 | -6% |
| Silver Spring | $1,621 | -4% |
| Hyattsville | $1,550 | 2% |
| Laurel | $1,644 | 4% |
| Woodbridge | $1,618 | 4% |
| Rockville | $1,909 | -6% |
| Columbia | $1,732 | 3% |
| Takoma Park | $1,452 | n/a |
Most Popular Apartments in Takoma Park
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 Takoma Park 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.