Takoma Park, MD Rental Market Trends

Highlights

The average rent for an apartment in Takoma Park is $1,412, a 4% increase compared to the previous year, when the average rent was $1,364.

Average Rent in Takoma Park, MD

Last updated Jan 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$1,412	4%	881 sq. ft.

The average size for a Takoma Park, MD apartment is 881 square feet, but this number varies greatly depending on apartment type. 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-$1,00018%
$1,001-$1,50039%
$1,501-$2,00042%
> $2,0001%

Takoma Park, MD Rent Trends

Average Rent	Jan / 2016	May / 2016	Sept / 2016	Jan / 2017	May / 2017	Sept / 2017	Jan / 2018	May / 2018	Jan / 2019
Takoma Park, MD	$1,319	$1,319	$1,341	$1,375	$1,364	$1,364	$1,373	$1,368	$1,412
National	$1,290	$1,319	$1,334	$1,329	$1,354	$1,366	$1,366	$1,381	$1,396

How Does Takoma Park Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Chevy Chase	$2,278	-3%
Bethesda	$2,285	-1%
Silver Spring	$1,650	2%
Silver Spring Town	$1,709	1%
Rockville	$1,910	n/a
Bethesda Town	$2,285	-1%
Rockville City	$1,931	n/a
Gaithersburg	$1,577	2%
Germantown	$1,519	3%
Germantown Town	$1,519	3%
Takoma Park	$1,412	4%

For more information about the Takoma Park rental trends, check out our monthly rent report