Towson, MD Rental Market Trends
What is the average rent in Towson?
The average rent for an apartment in Towson is $1,446, a 4% increase compared to the previous year, when the average rent was $1,395.
Average Rent in Towson, MD
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,446 | 4% | 926 sq. ft. |
What is the average apartment size in Towson?
The average size for a Towson, MD apartment is 926 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.
Towson, MD Apartment Rent Ranges
- $701-$1,00013%
- $1,001-$1,50050%
- $1,501-$2,00029%
- > $2,0007%
Towson, MD Occupied Housing Units
- Renter-occupied Households44%
- Owner-occupied Households55%
9,383 or 44% of the households in Towson, MD are renter-occupied while 11,716 or 55% are owner-occupied.
Towson, MD Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jun / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Towson, MD | $1,333 | $1,331 | $1,362 | $1,355 | $1,367 | $1,375 | $1,395 | $1,413 | $1,416 | $1,446 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 |
Average Rent in Towson, MD By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Hampton | $1,445 |
| Lutherville | $1,427 |
| Dundalk | $1,339 |
| Greater Middle River | $1,329 |
| White Marsh | $1,327 |
| Rossville | $1,318 |
| Bowleys Quarters | $1,313 |
| Nottingham | $1,288 |
| Perry Hall | $1,280 |
| Middle River | $1,218 |
| Carney | $1,216 |
| Parkville | $1,216 |
| Overlea | $1,170 |
| Edgemere | $1,155 |
| Sparrows Point | $1,155 |
| Essex | $1,108 |
| Rosedale | $1,078 |
What are the most affordable neighborhoods in Towson?
The most affordable neighborhoods in Towson are Rosedale, where the average rent goes for $1,078/month, Essex, where renters pay $1,108/mo on average, and Edgemere, where the average rent goes for $1,155/mo. If you’re looking for other great deals, check out the listings from Sparrows Point ($1,155), Overlea ($1,170), and Carney ($1,216), where the asking prices are below the average Towson rent of $1,446/mo.
What are the most expensive neighborhoods in Towson?
The most expensive neighborhoods in Towson are Dundalk ($1,339), Lutherville ($1,427) and Hampton ($1,445).
What are the most popular neighborhoods in Towson?
The most popular neighborhood in Towson is Dundalk, where there are 12 verified RENTCafé listings with an average rent of $1,339. Next up is Middle River, where apartments go for $1,218/month, followed by Essex with $1,108 If you’re looking to rent in Towson’s most popular neighborhoods, make sure to also check out Parkville, where renters pay $1,216 on average, and Carney, where the average monthly rent is $1,216.
Towson | Rent Comparison by Neighborhood
Rent in Bowleys Quarters is 8% higher than in Carney
Bowleys Quarters rent is 9% lower than Towson average
| Average Rent | $1,313 |
|---|
Carney rent is 16% lower than Towson average
| Average Rent | $1,216 |
|---|
How Towson Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Washington | $2,078 | -7% |
| Baltimore City | $1,335 | 2% |
| Arlington | $2,044 | -7% |
| Silver Spring | $1,621 | -4% |
| Hyattsville | $1,550 | 2% |
| Laurel | $1,644 | 4% |
| Rockville | $1,909 | -6% |
| Columbia | $1,732 | 3% |
| Falls Church | $1,685 | -7% |
| Bethesda | $2,195 | -8% |
| Towson | $1,446 | 4% |