Towson, MD Rental Market Trends

Highlights

The average rent for an apartment in Towson is $1,367, a 3% increase compared to the previous year, when the average rent was $1,331.

Average Rent in Towson, MD

Last updated October 2019
Average Rent Y-o-Y Change Average Apartment Size
$1,367 3% 909 sq. ft.

The average size for a Towson, MD apartment is 909 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.

Towson, MD Apartment Rent Ranges

  • $701-$1,00019%
  • $1,001-$1,50053%
  • $1,501-$2,00022%
  • > $2,0006%

Towson, MD Occupied Housing Units

  • Renter-occupied Households43%
  • Owner-occupied Households56%

9,106 or 43% of the households in Towson, MD are renter-occupied while 11,996 or 56% are owner-occupied.

Towson, MD Rent Trends

Average Rent Jul / 2016 Nov / 2016 Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Oct / 2019
Towson, MD $1,338 $1,343 $1,346 $1,346 $1,331 $1,333 $1,331 $1,362 $1,355 $1,367
National $1,342 $1,350 $1,346 $1,378 $1,380 $1,383 $1,418 $1,427 $1,431 $1,466
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Average Rent in Towson, MD By Neighborhood

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The most affordable neighborhoods in Towson are Rosedale, where the average rent goes for $999/month, Essex, where renters pay $1,004/mo on average, and Middle River, where the average rent goes for $1,056/mo. If you’re looking for other great deals, check out the listings from Overlea ($1,061), Edgemere ($1,094), and Sparrows Point ($1,094), where the asking prices are below the average Towson rent of $1,367/mo.

The most expensive neighborhoods in Towson are Dundalk ($1,256), Hampton ($1,364) and Lutherville ($1,384).

Towson | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Bowleys Quarters is 1% lower than in Carney

$1,102

Bowleys Quarters rent is 19% lower than Towson average

Average Rent $1,102
$1,104

Carney rent is 19% lower than Towson average

Average Rent $1,104

How Does Towson Compare to Nearby Cities

Average Rent Y-o-Y Change
Essex $1,004 5%
Towson $1,367 3%
Milford Mill $1,222 4%
Dundalk $1,256 1%
Middle River $1,056 6%
Owings Mills $1,435 6%
Cockeysville $1,243 4%
Randallstown $1,405 9%
Parkville $1,104 4%
Reisterstown $1,403 6%

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

Cheapest Listings on RENTCafé

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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 Towson apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.

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